FCA Appoints Outsiders as COO, PR Chief for N. America

Fiat Chrysler Automobiles NV has named former executives from Amazon and Shell Oil to be chief operating officer and head of communications for its North American business.

Former Ford Exec Ligocki Joins Lear Board

Lear Corp. has appointed Kathleen Ligocki, a longtime auto industry executive, to its board of directors, effective immediately.

Auto Stocks Plunge in Stock Market Rout

Auto industry stocks took a beating on Monday as the Dow Jones Industrial Average plummeted 635 points to 10,810.

Cooper-Standard Hires New North America President

Novi, Mich.-based Cooper-Standard Holdings Inc. has recruited auto veteran Bill Pumphrey as of head of the partsmaker's North American business, effective Aug. 16.

Tower Stock Goes Public Today

Livonia, Mich.-based Auto supplier Tower International Inc. says it plans to sell 6.25 million new shares for $13 per share in its initial public offering today, thus raising $81.3 million for the company.

Ex-Ford Exec Ligocki to Head “Green” Vehicle Maker

San Diego, Calif.-based green car startup Next Autoworks Co. has hired former Ford Motor Co. executive Kathleen Ligocki as CEO, effective this week.

Tower Automotive Plans IPO

Supplier Tower Automotive LLC, which is owned by hedge fund Cerberus Capital Management LP, says it is poised to begin an initial public offering of 6.25 million common shares at an estimated price between $15 and $17 apiece.

Tower Automotive Plans Notes Issue to Pay Loans

Towers Automotive LLC says it will issue $450 million (€350 million) in senior secured notes to repay European and U.S. term loans due in 2013.

Canada’s Onex to Acquire U.K. Supplier Tomkins

Toronto-based buyout firm Onex Corp. and the Canada Pension Plan Investment Board have agreed to pay 2.9 billion ($4.5 billion) in cash to acquire British supplier Tomkins plc, a maker of auto sensors, axles, drive belts, transmissions components and building products.

Tower Automotive Plans IPO

Livonia, Mich.-based supplier Tower Automotive LLC filed a registration statement for a $100 million initial public offering yesterday with the U.S.

Two More Doors, One "New" Truck

The one truism in this industry right now is that trucks make money. So how do you build more different trucks? Just ask Dodge...

Building Better Brakes

Here's how a "museum of manufacturing" is one of the most productive manufacturing plants on the planet.


Looks Great. Less Weighty

Chrysler is on the fast-track to the 21st century with the ESX2, a polymer-intensive vehicle that, if all goes well, could be ready for volume production by 2003.