DETROIT—It’s official: General Motors Co. sold more than nine million cars and trucks in 2011—enough to reclaim the title of the world's top-selling automaker. The company says it sold 9.03 million vehicles last year, up 7.6 per cent from 2010. GM beat out Toyota, which took the...

TORONTO: Geneva-based PrivatAir has placed an order for a potential $636 million worth of Bombardier Aerospace’s CS100 airliners. There is a firm order for five of the CS Series aircraft still in the design phase worth $309 million and an option to purchase five more for a total of $636...

VANCOUVER—Finning International Inc. has bulked up its position in the mining industry after acquiring the distribution and support businesses of Bucyrus Intl. from Caterpillar for US$465 million. The company, along with Caterpillar Inc., is taking control of the former Bucyrus Int. support...

LATROBE, Pa.—Kennametal Inc. has acquired the Deloro Stellite Group from Duke Street Capital for more than CAN$358 million. U.K.-based Deloro Stellite is a global manufacturer and provider of alloy-based critical wear solutions for extreme environments involving high temperature, corrosion...

STUTTGART, Ger.—The 2012 Mercedes ML 63 AMG has arrived. This year’s incarnation of Mercedes luxury full-size SUV is powered by an AMG 5.5-litre V8 biturbo engine, pumping out 525 h.p. And although it’s massive engine may appear as the latest gas-guzzling sport vehicle, the 2012...

CLEVELAND, N.C.—Daimler Trucks North America will hire 1,100 workers to build long-distance trucks at its NC Freightliner plant as it bulks up after recession layoffs. The company, a division of Germany's Daimler AG, said it will also add 100 jobs to a nearby parts plant. The Freightliner...

OTTAWA—Saskatoon, Calgary, Edmonton and Regina will benefit from solid global demand for their resources to post the strongest economic growth among Canadian cities in 2012, according to a new Conference Board of Canada (CBOC) report. The Metropolitan Outlook-Winter 2012 analyzes 27 Canadian...

PITTSBURGH—Alcoa Inc. is shuttering three European aluminum smelters as part of its plan to cut global smelting capacity by 12 per cent. The company says it’s closing smelters in Portovesme, Italy and two plants in La CoruIna and Aviles, Spain by 2013—plants the company says are...

DETROIT—Riding strong sales in the U.S. and China, General Motors Co. (GM) is on track to retake the title of world's top-selling automaker, beating out Volkswagen and Toyota. GM lost the crown to Toyota in 2008 after holding it for more than seven decades. It won't release global sales...