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FCA says net income rises 25% to $353 million; revenue drops 2% to $31 billion

Hyundai dealers in China seek up to $135 million in compensation

A group of Hyundai dealers in China is seeking 800 million-900 million yuan ($120 million-135 million) in compensation from the South Korean automaker, saying Hyundai has cut the flow of models it exports to them, resulting in dealership losses and closures.

Lear to build new Asia headquarters in Shanghai

Seating and electronics supplier Lear, in a sign of its continued growth in Asia, plans to build a new headquarters for its Asia-Pacific operations

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