Troubled Japanese auto supplier Takata has quietly parted ways with two top executives and the general counsel at its North American unit, Automotive News has learned, and the company isn't saying who is now running the subsidiary based in Auburn Hills, Mich.
American Axle & Manufacturing agreed to acquire Metaldyne Performance Group for $3.3 billion in cash, stock and debt. The deal, expected to close during the first half of 2017, creates a supplier with a broad lineup of drivetrain, driveline and powertrain components and systems.
Ford, Honda, Nissan and Fiat Chrysler posted double-digit U.S. sales increases last month as the industry chalked up its strongest volume for a February in 15 years. Total U.S. sales grew 6.8 percent during the month to 1.3 million vehicles. The sales rate was 17.53 million -- the best since 2000.