Ford Motor Co. will cut production at a sport utility vehicle plant in Michigan to better align itself with declining demand for the gas-guzzling machines, the automaker said on Thursday.

Oil prices rallied above $60 per barrel on the OPEC report.

Power electronics is a broad subject that deals with every aspect of electronic systems and devices. Any computer, machine, controller, game, etc., that is available today is dependent on the power electronics in those systems and devices to operate. Powe...