After a long and sometimes checkered history of navigating asbestos litigation and bankruptcy, and struggling to regain profitability, longtime auto supplier Federal-Mogul is slated to be acquired by Tenneco in a deal valued at $5.4 billion.
Ally and Fair have joined to offer consumers online vehicle financing through Ally’s Clearlane, while Fair will send its off-lease cars to Ally’s SmartAuction.
Democrats vow to defend existing emissions standards
Senate Democrats said they will fight the EPA’s effort to scale back fuel efficiency standards and criticized automakers for reneging on a commitment to build cleaner cars by pushing for the change.
City of Orlando hopes to start up fund to support early companies
Orlando officials next week will propose a new fund that would provide grants to groups in the city that support tech companies.
The Orlando Technology Community Support Pilot Program would give grants that would range between $1,000 and $10,000 to agencies that develop activities or programming…