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Ford's $28 billion cash pile doesn't buy love on Wall Street

Ford may be both flush with cash and struggling with its stock price, but new CEO Jim Hackett is in no rush to buy Wall Street's love. The carmaker's $28 billion cash pile isn't “burning a hole in our pocket,” Hackett said earlier this month.

Toyota, Honda, Mazda say hoods containing Kobe aluminum are safe

Toyota, Honda and Mazda said hoods and other parts with aluminum supplied by Kobe Steel are safe, allaying some concerns that Kobe's falsified quality data had compromised safety.


Illinois scratched from Toyota-Mazda factory sweepstakes

A lack of shovel-ready sites in Illinois and the state's failure to adopt a right-to-work law have helped to sideline the state's bid to land a $1.3 billion assembly plant planned by Toyota and Mazda, a top economic development official says.

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