WASHINGTON-Industrial production dropped at the sharpest rate in four months during February, and the nation's mines, factories and utilities ran at their slowest rate in more than two years, the Federal Reserve said on Monday. MORE

BEIJING-China's Chery Automobile Co. is planning to invest $422 million to buy an existing manufacturing plant in Russia, its biggest market. MORE

ADELAIDE, Australia-Automaker Holden Australia says a major export deal with Pontiac includes production of two new cars for the North American market. MORE

CAMBRIDGE, Ontario-The International Association of Machinists says it has enough support to represent workers and gain union recognition for the first time at Toyota in Canada. MORE

DETROIT-Toyota Motor Corp. is cutting the pace of production of full-size Tundra pickup trucks and Sequoia SUVs in response to "sluggish demand for those vehicles in the face of record gasoline prices.” MORE

PRAGUE-The chairman of Czech automaker Skoda says China and Russia could be the company’s largest markets within 5 years. MORE

LOS ANGELES-Honda is transferring production of its Ridgeline pickup truck from Canada to a plant in Alabama. MORE

WASHINGTON-Northrop Grumman CEO Ronald Sugar says his company plans to build four factories in the United States to build aerial refueling tankers for the Air Force. MORE

CHICAGO-Analysts say there may be some merit to Boeing’s complaints that Northrop Grumman and the European Aeronautic Defense and Space Co. were unfairly awarded a contract to build the Air Force’s new aerial refueling planes. MORE

DETROIT-The ongoing American Axle strike may be a sign that, despite last year’s epic labor deals, the Big Three may not yet be out of the woods. MORE