Daily News Briefs: May 9, 2012
In other news:
- To increase production capacity by 40,000 vehicles, Ford announced it will idle 13 facilities this summer, including six assembly plants, for just one week instead of the customary two.
- More evidence of Toyota’s comeback: The Detroit News reports first-quarter profits hit $1.5 billion at current exchange rates, up 376% over 2011’s earthquake-hobbled first quarter.
- As Subaru parent Fuji Heavy Industries shifts its growth focus from China to the U.S., it will increase capacity at its Indiana assembly plant nearly 20% by 2014, The Wall Street Journal reports.
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