Trump to pick foe of Obama climate agenda to run EPA, report says

UPDATED: 12/7/16 4:46 pm ET - adds details

President-elect Donald Trump will pick an ardent opponent of President Barack Obama's measures to stem climate change to head the Environmental Protection Agency, a Trump transition team source told Reuters today.

Jaguar Land Rover’s Speth: Keeping pace with EV demand

Jaguar Land Rover CEO Ralf Speth has the British automaker growing at a record pace, but he wants to make sure the company always puts profits ahead

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Volvo picks fast-rising Henrik Green to lead r&d

Volvo named Henrik Green its new head of r&d, giving the Swedish executive his fourth promotion in three years. Green replaces Peter Mertens, who is moving to Audi to head technical development at the VW Group luxury brand.

Knorr-Bremse seals victory in Haldex takeover battle

German supplier Knorr-Bremse has won the first stage of its battle to take over Sweden's Haldex by obtaining 86.1 percent of the brake systems company's shares before its offer expired Monday. Knorr's offer is still conditional upon the company obtaining clearance from antitrust regulators.

Toyota will expand development of hybrid technology

Toyota will expand the development of its gasoline-hybrid technology to speed up the introduction of lower-emission engines. The automaker will increase staffing of its hybrid tech team by 30 percent through 2021.

Ford sees lineup changing to match demand

Ford will likely make changes to its car lineup as demand for small SUVs continues to outpace that for sedans. That could include offering crossover-style variants of certain sedans or dropping certain nameplates altogether.