Ford appoints new China CEO, elevates China to stand-alone unit

Ford said it appointed a new head of its China operations to help turn around flagging sales in the world's largest auto market. It also announced several other China initiatives.

UPDATED: 10/23/18 4:21 pm ET - adds stock close

Subaru nearly halves profit forecast after faulty inspections

The inspections violated transport ministry norms and eventually led to the recall of 395,000 vehicles.

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