GM supplier Shiloh files for Chapter 11 bankruptcy
Shiloh Industries Inc. has filed for Chapter 11 bankruptcy and will be part of a stalking horse agreement auction and sale process. Shiloh, primarily a supplier of lightweighting, noise and...
Ohio approves tax credit for Carvana distribution center near Cleveland
CLEVELAND -- Carvana Co., an online platform for buying and selling used cars, expects to create 400 full-time positions near Cleveland at a new inspection, reconditioning and distribution facility that...
Ford to cut 1,000 N.A. salaried jobs amid overhaul, report says
DETROIT -- Ford Motor Co. is preparing to trim about 1,000 salaried jobs in North America, looking to its home market for savings as part of an $11 billion global...
Tesla shares surge 12.6% after stock split
High-flying shares of Tesla Inc. surged again on Monday after its stock split took effect and attracted more buying from investors. Tesla shares rallied another 12.6 percent to $498.32, elevating...
Toyota and Honda developing a mobile power generation system
Toyota Motor Corp. and Honda R&D Co. said they have joined forces in Japan to create a mobile power generation system that will supply power during natural disasters. The system...
BMW cutting U.S. jobs in a down market
BMW will make work force cuts in the U.S. to adjust for a business slowdown in the wake of the coronavirus pandemic. A spokesman declined to disclose the number of...
Ford ends U.S. ventilator production after making 50,000 units
DETROIT -- Ford Motor Co. is ceasing production of ventilators and returning the Michigan factory where they were built to full-time parts output after completing delivery of 50,000 breathing machines...
Ohio approves tax credit for Carvana project that would add 400 jobs
CLEVELAND -- Carvana Co., an online platform for buying and selling used cars, expects to create 400 full-time positions near Cleveland at a new inspection, reconditioning and distribution facility that...
Shiloh Industries files for Chapter 11 bankruptcy
Shiloh Industries Inc. has filed for Chapter 11 bankruptcy and will be part of a stalking horse agreement auction and sale process. Shiloh, primarily a supplier of lightweighting, noise and...
Nissan CEO Makoto Uchida sees rebound starting next year
YOKOHAMA, Japan — Nissan CEO Makoto Uchida, fighting to reboot the carmaker as it braces for its biggest-ever operating annual loss, expects business to start rebounding in the new year.Earnings...