U.S. outlines hurdles for tariff exclusions

Companies seeking exclusions from new steel and aluminum tariffs imposed by President Donald Trump must apply separately for each unique steel or aluminum product, according to rules published Monday by the Department of Commerce.

Suppliers develop a foam structure

BMW, IAC and Sabic together figured out how to make a lighter weight instrument panel carrier using foam. Now they want to perfect it for high-quality interior parts.

UPDATED: 3/13/18 1:06 pm ET - adds details
Dana CEO meeting GKN investors to help fight off Melrose

Dana CEO James Kamsickas is in London meeting top GKN shareholders in a drive to persuade the British engineer's investors to back a deal with Dana and reject a hostile bid by Melrose Industries.

UPDATED: 3/12/18 2:32 pm ET - adds GKN rejection
Melrose increases hostile bid for GKN to $11.2 billion

Melrose increased its hostile offer for GKN by boosting the equity element of the offer, appealing to investors after GKN agreed to merge its auto unit with Dana. GKN rejected the enhanced offer.

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