News From the Auto Industry

The unit in Rochester, New York, which emerged from Chapter 11 bankruptcy last September, will supply windshield wipers for the next generation of GM full-size pick-up trucks, sport utility vehicles and full-size passenger cars.

Ford Motor Credit already has changed the type of leases it issues in New York to avoid becoming ensnared by the state law. It introduced a “Red Carpet Option” that transfers ownership to the lessee immediately and requires a balloon payment at the end of the contract.

DaimlerChrysler Corp. says it is watching the situation, but so far “remains neutral about it.”

The unit in Rochester, New York, which emerged from Chapter 11 bankruptcy last September, will supply windshield wipers for the next generation of GM full-size pick-up trucks, sport utility vehicles and full-size passenger cars.