HURRICANE SANDY HITS US LOGISTICS NETWORK

The devastating arrival of Hurricane Sandy on the US East Coast this week has meant the closure of a number of major East Coast ports handling vehicle and container shipments, as well as the closure of road and rail routes inland and disruption to the dealer network. Read more

Ford to shut European plant; GM outlines product-sharing plan

Ford Motor Co. said it will close a Belgian assembly plant and General Motors outlined a joint product-sharing plan with a French rival as the Detroit automakers battle mounting losses in Europe. Ford is also preparing to close a plant in Britain as early as next year, Bloomberg and other media outlets reported, citing people familiar with the plans. Story by Automotive News Read more