XML US Business News

Caterpillar Seeks to Close Plant in France

published about 1 hour ago
Caterpillar, continuing a global cost-reduction drive, is seeking to stop production at its plant in Rantigny, France, about 40 miles north of Paris, and sell the facility, a spokeswoman for the company said Friday, confirming French press reports.

Geely Says Volvo Technology, New Strategy Can Get It on Track

published about 1 hour ago
Zhejiang Geely Holding Group Chairman Li Shufu said Saturday his Chinese mass-market auto brand Geely can use technology from his Volvo brand and a newly streamlined brand strategy to get back on track for growth after a sharp sales drop in the first quarter.

GM Sales Rise Despite Controversy

published about 3 hours ago
The head of General Motors Co.'s North American operations, Alan Batey, said April U.S. Vehicle sales are on pace for "a good month."

China Unveils List of IPO Aspirants

published about 6 hours ago
In a surprise move, the China Securities Regulatory Commission announced a list of 28 companies that have disclosed their IPO plans.

Fiat, Chrysler to Build Jeeps in China for Country's Market

published about 10 hours ago
Fiat, Chrysler to Build Jeeps in China for Country's Market
Fiat SpA and its Chrysler Group LLC arm expect to build Jeep vehicles for China in the Asian country starting in late 2015, the two companies said Saturday.