CORRECTED: Toyota Q3 beats expectations on sales jump, yen (Reuters
CORRECTED: Toyota Q3 beats expectations on sales jump, yen (Reuters via Yahoo! Asia News)
Corrects first paragraph to seventh straight year, not eighth. The same error occurred in an earlier update. By Chang-Ran Kim, Asia auto correspondent
EU urges car makers on cutting emissions (Boston Globe)
Car makers must take on the “bulk of effort” to cut carbon dioxide emissions from new cars as part of Europe’s fight against climate change, the EU executive said Tuesday.
Icahn’s Bid To Buy Lear Corp. Sends Shares Flying, Raises Shareholder’s Ire (SeekingAlpha via Yahoo! Finance)
Activist investor Carl Icahn publicized an offer to acquire Lear Corporation, of which already owns 16%, for $2.31 billion - roughly $36 a share. The offer was immediately criticized by Lear’s third largest shareholder, Richard Pzena, who owns 11% of all outstanding shares, as not representing a fair value for the auto parts maker.
Europe Compromises With Automakers on Carbon Limits (New York Times)
The European Commission is expected to endorse a watered-down blueprint that would impose a limit on carbon dioxide emissions from new passenger cars.
