Aluminum Trailing Arm Mounts on 2040-parts.com

Saab reportedly bought by Chinese-led consortium

A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden (NEVS) will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts AB, according to reports in Sweden. NEVS did not confirm the reports.

Ford recalls Fusion and Milan sedans for wheel-stud problems

Ford is recalling 128,616 Ford Fusion and Mercury Milan sedans for faulty wheel lugs. The recall affects cars from the 2010 and 2011 model years that have steel wheels. The National Highway Traffic Safety Administration says vibration in the studs can cause them to crack or break, possibly resulting in the wheel falling off.

Two top Ford execs to retire

Two top Ford Motor Co. executives, CFO Lewis Booth and global product development chief Derrick Kuzak-- both key architects of the automaker's recovery--will retire on April 1, the automaker said Thursday. Booth, 63, will be succeeded by Bob Shanks, Ford's vice president and controller.