Caterpillar is selling a majority stake in a logistics division for about $750 million to better focus on its core businesses.
Etihad still has orders for 12 of the aircraft, a rival of Boeing's 777, according to Airbus' website.
Faurecia said the deal makes it North America's No. 1 interior systems supplier and makes Ford its third-largest customer.
Panasonic Corp. is planning to close its Kaizuka plant within fiscal 2012 and shift its lithium ion battery production to Suzhou, sources said.
The privately held company makes motion-control systems for factory equipment and medical devices.
The Evonik Industries AG plant was badly damaged in a March 31 explosion and fire, setting off a mad scramble by global automakers to find substitute materials.
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Executives from four auto parts companies said Tuesday that they don't expect widespread fallout from a shortage of a key ingredient in plastic resin following a factory explosion in Germany.
Six major automakers and 19 suppliers are close to agreeing on a fast-track process for testing replacements for a resin that's in dangerously short supply.
A Tokyo-based auto supplier has agreed to pay a $20 million criminal fine and cooperate with the U.S. government's ongoing investigation into price fixing in the industry.
AUDI AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle manufacturer Ducati Motor Holding.
Mitsubishi Heavy Industries said it will start producing gear cutting machines in India starting October to tap into growing demand in the country's auto and motorcycle sectors.
Abu Dhabi's state-owned Mubadala Aerospace signed a deal Tuesday with Boeing Co. to build carbon composite parts for the American planemaker's 777 and 787 jetliners.
First Solar Inc. is laying off 2,000 workers and closing its plant in Frankfurt, Germany, in response to waning demand for solar panels and increased competition from China.
The potential shortage of a key component used to make fuel lines and brake lines could force automakers in the U.S. and around the world to close car and truck plants as they run short of parts.
Tornado damage in Kansas' aircraft manufacturing hub could have a ripple effect on the industry, analysts warned.
The issue at the Supreme Court is whether U.S. copyright protection applies to items that are made abroad, purchased abroad and then resold in the U.S. without the permission of the manufacturer.
Automotive parts maker General Cable Corp. said on Thursday that it has bought a Brazilian maker of ignition wiring for cars.
Heavy equipment maker Caterpillar Inc. has agreed to sell the Australian distributor of its Bucyrus mining equipment to one of its dealers for $400 million.
Manufacturers are looking for ways to maximize profitability, effectively manage cash flow, and balance costs related to inventory.
Exelis Inc., the former defense unit of manufacturer ITT Corp., said on Thursday that it bought a small British maker of high-voltage power supplies.
Your suppliers continue to take steps forward into the e-Commerce realm. So how should you expect this to affect purchasing going forward?
While the envisioned entry to local production in China has been a pillar of Fuji Heavy's strategy, the Subaru maker has not been able to get a permission from the Chinese government, sources said.
China has set up a rare earths industry association to fend off trade complaints and help regulate the sector that is critical to global high-tech manufacturing.
Salo — along with other Finnish towns inextricably linked to Nokia — is facing an uncertain future as Finland's most famous corporation shifts its mobile phone assembly to Asia.