NEW YORK (Reuters) – Johnson Controls Inc (JCI.N: Quote, Profile, Research, Stock Buzz) is exploring a potential sale of its automotive interiors unit, a move that would allow the diversified manufacturer to focus on higher-margin building controls and next-generation car batteries, three people familiar with the matter said on Wednesday.
Shares of Johnson Controls rose 6.7 percent to $33.95 on the New York Stock Exchange, valuing the diversified conglomerate at nearly $23 billion.
NEW YORK, March 6 (Reuters) – Johnson Controls Inc
is exploring a potential sale of its automotive interiors unit,
a move that would allow the diversified manufacturer to focus on
higher-margin building controls and next-generation car
batteries, three people familiar with the matter said on
Shares of Johnson Controls rose 6.7 percent to $33.95 on the
New York Stock Exchange, valuing the diversified conglomerate at
nearly $23 billion.
DETROIT, March 5 (Reuters) – United Auto Workers President
Bob King says he has finally begun to stem the decades-long
membership decline in one of America’s most powerful labor
unions, but his goal of organizing at least one foreign-owned
automaker in the South continues to elude him.
King, 66, who is slated to step down in June 2014, said two
years ago that the UAW did not have a future if it could not
organize workers at plants in Mississippi, Alabama, Georgia and
Tennessee that are owned by Japanese, German and South Korean
DETROIT (Reuters) – Singer Bobby Rogers, a founding member of the hit-making Motown group the Miracles along with Smokey Robinson, died on Sunday in suburban Detroit after a lengthy illness, family members and associates said. He was 73.
Rogers was a tenor in the original Motown lineup of the group that also included Robinson as the lead singer, bass vocalist Warren “Pete” Moore, baritone Ronnie White and the quintet’s lone female vocalist, Claudette Rogers.
KOKOMO, Indiana (Reuters) – Sergio Marchionne, the chief executive of both Fiat and its majority-owned Chrysler Group LLC unit, said he sees a 50 percent chance that Chrysler will go public but would prefer that it be fully merged with Fiat.
Fiat shares ownership in the smallest U.S. automaker with a retiree trust fund affiliated with the United Auto Workers labor union. Marchionne said he would prefer that Italian automaker Fiat buy the trust fund’s holdings.
(Reuters) – Workers from the Nissan Motor Co auto plant in Smyrna, Tennessee, met on Tuesday with United Auto Workers union representatives to discuss another organizing effort at the Japanese automaker’s first U.S. factory.
The UAW is now active in trying to organize workers at two Nissan plants. The UAW since last spring has been talking with workers at Nissan’s other major U.S. assembly plant, in Canton, Mississippi, outside of Jackson.
DETROIT, Feb 26 (Reuters) – U.S. auto sales in February were
expected to show a fourth straight month of seasonally adjusted
annualized sales above 15 million vehicles for the first time
since early 2008, a sign of a sustained recovery after the
Forty-one analysts surveyed by Thomson Reuters forecast on
average a 4 percent rise in February sales, to an annualized
rate of 15.1 million vehicles. The forecasts ranged from 14.9
million to 15.75 million vehicles, on an annualized basis.
Feb 19 (Reuters) – Hackers took over Chrysler’s
Jeep Twitter account on Tuesday, sending out colorful tweets
disparaging the off-road vehicle and company management just a
day after Burger King’s feed was similarly hijacked.
The unidentified cyber-attackers replaced Jeep’s logo with
Cadillac’s and suggested Chrysler’s iconic group had been sold
to the General Motors Co luxury brand, forcing Cadillac
to clarify that it had nothing to do with the hack on its own
, Feb 11 (Reuters) – The addition of a third
shift at its Alabama plant last year will allow South Korean
automaker Hyundai Motor Co to increase its U.S.
sales 4.4 percent in 2013 to 734,000, Hyundai Motor America
Chief Executive John Krafcik said on Monday.
Adding the third shift to the plant in Montgomery, Alabama
allows an additional 60,000 units of annual production, Krafcik
ORLANDO, Florida (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) will offer dollar-for-dollar matching funds to its 3,100 U.S. dealers to upgrade their shops, from new construction to improved digital programs, Ford executives said on Sunday.
Jim Farley, Ford’s global chief for sales, service and marketing, said he hopes all of Ford’s U.S. dealers will participate.