Audi and Mercedes are both vying to be the world's No. 1 luxury brand as the race heats up to topple BMW from the top position. The three premium giants not only want to lead with the most sales, but also in profitability and with the desirability of their products.
In the midst of a proxy fight with dissident investors, Lear announced an agreement with shareholders Marcato Capital Management and Oskie Capital Management to expand a stock buyback and keep the hedge funds' nominees off Lear's board.
A long-distance debate last week between two CEOs -- Ford's Alan Mulally and Renault-Nissan's Carlos Ghosn -- reignited a hot-button debate in the industry over the value of the Japanese yen. Is the weakening value of the yen giving the Japanese an unfair edge?