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Ex-Ford engineer charged with stealing trade secrets

A former Ford Motor Co. engineer has been charged with stealing trade secrets from the automaker after accepting a job in China in 2006. Xiang Dong Yu, 47, was arrested Wednesday at O'Hare International Airport in Chicago after traveling to the United States from China.

Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Lexus RC F Sport completes coupe lineup

An F Sport trim joins the Lexus RC 350 and the RC F to complete the brand's coupe trifecta for the 2015 model year. All three models are set to launch this fall in the U.S. The Lexus RC F sport is slated to make its debut at the Geneva motor show beginning next week.