NEWS

Union Relieved Ford Plans to Build Mondeo in Belgium

9/20/2012

Labor leaders in Belgium are more optimistic about the future of Ford Motor Co.'s assembly plant in Genk, Belgium, after the company notified them it would begin producing the next-generation Mondeo midsize car there in October 2013, Reuters reports.

Russians Invite French Railroad to Share Gefco Stake

9/20/2012

State-owned Russian Railways has invited France's national railroad SNCF to become its partner in French logistics firm Gefco if the Moscow-based company buys the business from PSA Peugeot Citroen, Interfax reports.

Visteon to Merge Climate-Control Unit in South Korea

9/20/2012

Visteon Corp. says it will to sell its climate-control unit to its South Korean joint venture, Halla Climate Control Corp., to consolidate its operations in that sector.

Visteon to Consolidate Climate-Control Business

9/20/2012

Visteon Corp. says it will to sell its climate-control unit to its South Korean joint venture, Halla Climate Control Corp., to consolidate its operations in that sector.

Goodyear Unveils Self-Inflating Tire System

9/20/2012

One day cars and trucks could be equipped with tires that sense when they need air and pump themselves up automatically, says Goodyear Tire & Rubber Co.

German Court Dismisses Two Porsche Lawsuits

9/19/2012

A Germany regional court has thrown out two individual investor lawsuits against Porsche Automobil Holding SE for alleged stock manipulation in 2008 during its failed bid to acquire Volkswagen AG.

Oil Prices Plunge Below $92 per Barrel

9/19/2012

Crude oil futures tumbled $3.31 per barrel, or 3.5%, on Wednesday on the New York Mercantile Exchange to settle at $91.98, the lowest close since Aug. 3.

Oil Prices Plummet

9/19/2012

Crude oil futures tumbled $3.31 per barrel, or 3.5%, on Wednesday on the New York Mercantile Exchange to settle at $91.98, the lowest close since Aug. 3.

Porsche to Trim Spending, Production

9/19/2012

Porsche AG CEO Matthias Mueller tells Reuters the company plans to modestly reduce product investment, cut production and delay at least one new-model program to offset slower-than expected sales growth.

Porsche Will Trim Spending, Production

9/19/2012

Porsche AG CEO Matthias Mueller tells Reuters the company plans to modestly reduce product investment, cut production and delay at least one new-model program to offset slower-than expected sales growth.