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French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.

Toyota closing NUMMI factory in California

Toyota Motor Corp. plans to close its oldest U.S. auto plant, New United Motor Manufacturing Inc., a venture that once symbolized Toyota's zeal to learn the art of automaking in America.

Ford Transit van gets five-cylinder turbodiesel

The full-size Ford Transit van that replaces the E-series Econoline in late 2013 will have a turbocharged five-cylinder diesel in its powertrain lineup. Today Ford uses the 3.2-liter engine in the Ranger pickup sold in international markets. The engine, which wears Ford's Power Stroke marketing name for diesel engines, is built in South Africa and will be exported to the Transit assembly plant near Kansas City, Mo.