Author: Automotive News Feed

Jaguar Land Rover confirmed on Thursday it plans to invest $318 million to build a factory in Brazil with a capacity of 24,000 vehicles a year. Production should begin in 2016 at the factory in Rio de Janeiro.

Ford CEO Alan Mulally, considered one of the leading candidates to take the top job at Microsoft, is not leaving the automaker until the end of next year, said Edsel Ford II, a company director.