Financier plans auto parts giant (Detroit Free Press) A New

Financier plans auto parts giant (Detroit Free Press)
A New York investment mogul has launched a bold plan to create the world's largest auto supply company -- and make him one of the most influential figures in the industry. Wilbur L. Ross Jr., a financier famous for taking over companies in distressed industries, turning them around and then selling them, has begun buying stakes in several auto suppliers, he told the Free Press on Thursday.

Buyer beware of cars damaged by flooding (The Buffalo News)
In the market for a good used car? Watch out for vehicles that sat submerged for days in the flooded streets of New Orleans, Biloxi or other Gulf Coast cities ravaged by Hurricane Katrina.