Illinois

ZF TRW sells fasteners unit for $450 million

12:24 pm U.S. ET | Jan. 25, 2016

Auto supplier Illinois Tool Works today said it agreed to pay $450 million for the engineered fasteners and components business of German automotive supplier ZF TRW....
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BEST PRACTICES

Managers monitor calls to save business

12:01 am U.S. ET | Jan. 18, 2016

Since Phillips Chevrolet in northern Illinois started requiring managers to listen to at least one employee-customer phone call a day, 10 to 15 customer experiences a month in sales or service have been saved. The two stores' customer satisfaction scores also have risen by about 20 percent....
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Mitsubishi abandons effort to sell U.S. plant to rival automaker

6:26 am U.S. ET | Jan. 7, 2016

Mitsubishi Motors said today it has given up trying to find an automotive buyer for its sole assembly plant in the U.S....
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DAVE GUILFORD

BLOG: A new Normal? Don't bet on it

12:54 pm U.S. ET | July 31, 2015

Given Mitsubishi’s low U.S. output, it was not totally surprising to hear the Japanese automaker will end U.S. production. More surprising was hearing company officials say that they have several prospects to buy the plant in Normal, Ill....
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Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia....
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Mitsubishi throws in towel on fading era

12:01 am U.S. ET | July 27, 2015

Mitsubishi Motors Corp.'s decision last week to sell its only U.S. assembly plant illustrates an emerging new-world order in car production. Mitsubishi's Normal, Ill., plant was part of a wave of Asian-brand joint-venture auto plants in North America that opened in the 1980s and 1990s to do whatever was necessary to crack the all-important U.S. retail market....
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