Author: Automotive News Breaking News Feed
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Ford investing $150 million in Buffalo stamping plant
Ford is spending $150 million to upgrade and expand its Buffalo, N.Y., stamping plant, which makes doors, hoods and other parts for several models including the Edge crossover and Focus compact car.
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Johnson Controls stock rises after boosting buyback by $3 billion
Shares in auto supplier Johnson Controls rose to their highest level since at least 1980 after the company said it will boost a stock-buyback program by $3 billion on greater confidence in its outlook for fiscal 2014 and beyond.
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Ghosn wants Japanese successor at Nissan
Nissan CEO Carlos Ghosn has been the Japanese carmaker’s foreign face for 14 years. Now, after sidelining his Japanese No. 2 and reshuffling the company’s top management, he wants a Japanese national to succeed him at the helm when the time comes.