
Ford will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the company he is credited with saving, two people familiar with the pending announcement told Bloomberg.

Daimler can expand production capacity at its Beijing plant to 350,000 vehicles a year if customer demand calls for it, said Rene Reif, the head of manufacturing at Beijing Benz Automotive.

The US Environmental Protection Agency ordered Molycorp Minerals, LLC, to pay a $27,300 penalty for improper management of hazardous waste at its San Bernardino County mine and mineral processing facility. The violations were discovered as part of unannounced EPA inspections in October 2012.