NEWS

Japan’s Economy Expands as Country Rebuilds

5/18/2012

Japanese gross domestic product expanded at a 4.1% annualized rate in the first three months of 2012 compared with the final quarter of 2011, according to the country's Cabinet Office.

Toyota to Boost V-6 Engine Capacity in Alabama 150%

5/17/2012

Toyota Motor Corp. says it will spend $80 million to increase annual V-6 engine capacity at its Huntsville, Ala., engine factory to 362,000 units in March 2014 from 146,000 units now.

Nexteer Names International Chief as New COO

5/17/2012

Nexteer Automotive Inc. has appointed Laurent Bresson, senior vice president and chief operating office of its international unit, as COO for its global business, effective immediately.

Continental to Boost Workforce in China 25%

5/17/2012

Tire and auto parts maker Continental AG says it will hire 5,000 new employees in China by year-end to meet rising customer demand.

GM Shakes Up U.S. Sales Management—Again

5/17/2012

General Motors Co. says it will again restructure its executive team for American sales.

Chevrolet Adds Rear-Drive Performance Sedan

5/17/2012

General Motors Co. says its Chevrolet brand will add a V-8-powered rear-drive performance sedan late next year.

Leading U.S. Indicators Stall

5/17/2012

The U.S. index of leading economic indicators, which rose 0.7% from January to February and 0.3% in March, declined 0.1% in April, the Conference Board reports.

S&P to GM: Fix Opel to Regain Investment-Grade Rating

5/17/2012

CEO Dan Akerson tells Bloomberg News that he hopes General Motors Co. will regain its investment-grade credit rating within the next 12 months.

GM Hopes to Regain Investment-Grade Status Soon

5/17/2012

CEO Dan Akerson tells Bloomberg News that he hopes General Motors Co. will restore its credit rating to investment grade within the next 12 months.

Subaru to Increase Capacity in Indiana

5/17/2012

Fuji Heavy Industry Ltd.'s Subaru unit will spend $75 million over the next two years to expand its factory in Lafayette, Ind.