Fluid control products company said it acquired the valves division of Indian valve and vacuum system maker Mazda Ltd.

Trailer manufacturer says it will gradually increase production and add more than 300 jobs because of the strengthening market for its products.

Automaker says May was a good month for minivan sales, which represented a quarter of all vehicles it sold, as total vehicle sales rose 53 percent over May 2009.

Federal safety regulators are investigating a few reports of gas pedals becoming trapped by floor mats in 2010 Ford Fusions and Mercury Milans.

Chocolate maker said it reached a tentative labor agreement, but the changes that it is proposing at its two hometown plants may lead to the loss of up to 600 jobs.

General Motors of Canada said it will invest $245 million to build a new line of fuel-efficient transmissions in southern Ontario beginning in early 2012.

Lawmakers investigating alleged phantom recall by Johnson & Johnson, in which the company hired a contractor to buy up defective painkillers instead of issuing a recall.