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Porsche Cayenne and Panamera production temporarily stops

Porsche stopped production today at its assembly plant in Leipzig, Germany, after floods in the region disrupted supplies. The factory builds the Cayenne SUV and Panamera sedan for global markets, including the United States. Porsche told workers on today's early shift not to come into work after floods in the Czech Republic halted supply of Cayenne bodies.

Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.

Honda Odyssey minivan recalled for faulty tailgate struts

Honda said on Wednesday that it will recall about 45,800 Odyssey minivans from the 2008 and 2009 model years to replace the power-tailgate struts. Honda says the gas-filled struts that support the tailgate are prone to early failure. This could lead to the tailgate closing unexpectedly.