Toyota's CEO and grandson of the company Akio Toyoda won't brake for anything, and he has been able to pull the company back from a series of misfortunes to help it retake its position as the world's number one carmaker. Toyota has innovated its way back to the top of the class, with bold designs and a weak yen boosting profit. But its export-dependence and weakness in Southeast Asia could see it quickly dethroned.
During the height of last month's heat wave, millions of people in northern New England were urged to conserve energy, and some utilities fired up expensive, dirty sources of power to meet demand. But at the same time, at least two wind farms in Maine and Vermont were ordered to reduce the amount of electricity they provided.
A lawyer for plaintiffs in a wrongful death lawsuit against Toyota Motor Corp. told a jury on Thursday he will ask for $20 million in damages for the family of a woman who died when her Camry suddenly accelerated and crashed despite her efforts to stop. The case involving the 2009 death of Noriko Uno is the first involving the issue to go to trial in state court.
Even though U.S. auto sales are close to returning to pre-recession levels, don't expect to see a new Ford factory anytime soon. Jim Tetreault, Ford's North American manufacturing chief, says his mandate is to squeeze more production out of existing plants to avoid the high cost of new bricks and mortar. Some plants are operating near capacity.
Remington Arms Company broke ground Thursday on an expansion to its ammunition plant in Arkansas, adding between 50 and 100 jobs in a project that the company says will help meet a growing demand by gun owners around the country. Officials with the North Carolina-based firm said they expected to complete work by June 2014 on the 35,000-square-foot building adjacent to its existing plant in Lonoke.
The U.S. Department of Labor is fining a petroleum refinery in Great Falls for unsafe working conditions. The agency's Occupational Safety and Health Administration said Thursday it is proposing a $77,000 fine for Calumet Montana Refining.
U.S. and Japanese officials wrapped up a round of talks aimed at reducing trade barriers Friday, but differences remained over autos, insurance and other industries. "These concerns remain," Acting Deputy U.S. Trade Representative Wendy Cutler told reporters at the U.S. Embassy in Tokyo. "The negotiations got off to a good start this week."
DEWALT’s lead design engineer for drills was tasked with designing a high power right angle drill that is lightweight, compact, and portable. As is common with hand power tools, the goal with the design was to maximize performance while minimizing the size of the tool.
Few organizations achieve truly continuous improvement in spite of extensive training programs, language and cultural changes, and setting expectations of improvement results. Why is that? It seems especially puzzling considering that each of the continuous improvement methodologies I have studied insists that true success comes not from organized events, but from everyone exercising the improvement methodology every day.
A firearms manufacturer in New York, partially blaming the state's new gun control law, said Wednesday it's moving its corporate offices — and its plans for expansion — to Pennsylvania. Kahr Firearms Group of Pearl River is the first gunmaker to announce it's leaving because of the Secure Ammunition and Firearms Enforcement Act, which was put into law after closed-door negotiations in January.
Two redesigned Honda Civic models were the only small cars to get the top rating in stringent front-end crash tests performed by an insurance industry group. In all, half of the 12 compact and subcompact cars tested by the Insurance Institute for Highway Safety fared poorly, but six performed well. Safety is critical in the fast-growing small-car market, with many buyers downsizing from larger vehicles.
General Motors will keep the Chevrolet Colorado and GMC Canyon names when it rolls out redesigned midsize pickup trucks next year. The new trucks will be markedly different from the current models, with the Colorado targeted toward people who spend time outdoors and the Canyon aimed at professional buyers, Chief Financial Officer Dan Ammann said Thursday at an auto industry conference.
Federal officials issued safety citations to a steel manufacturing company and proposed more than $117,000 in fines Wednesday. Fifteen safety citations have been issued to the Northport-based Hanna Steel Corp, U.S. Department of Labor officials said. The plant manufactures steel tubing and pre-painted steel.
The European Union is pressing ahead with an investigation of whether China unfairly helps its solar panel makers with government subsidies. The European Commission, the 28-nation bloc's executive arm, had only days ago agreed to a settlement over China's alleged practice of selling its panels below cost, a practice known as dumping. But complaints over Beijing's alleged state subsidies were never settled.
Electric car maker Tesla reported a narrower loss for the second quarter on Wednesday, sparking an after-hours rally in its stock. The Palo Alto, Calif., company reported after the close of trading on Wall Street that it lost $30.5 million, or 26 cents per share, in the April-June period. That compares with a loss of $105.6 million, or $1 per share, a year earlier.
It's the massive theft of American trade secrets through cyber attack and espionage, and many of the cyber-attacks on American trade are coming from China. NBC's Michael Isikoff reports on how widespread the espionage is and what the government is doing about it.
A premier lineup of thought leaders in the asset reliability field will share cutting-edge knowledge and decades of experience with attendees, who will walk away armed with next-generation strategies to advance the asset reliability field. To date, speakers representing Kraft Foods, ENSCO Worldwide, URS, GPAllied, and Reliability Solutions agreed to present.
The new Mercedes-Benz S Class has technology that allows it to almost drive itself. While the Mercedes-Benz S Class has always been a leader in its class, it now boasts new and groundbreaking technology, like active cruise control that helps to keep the car in its lane.
Investor John Doerr defends Silicon Valley's culture against arguments by the New Yorker's George Packer that the tech industry is disconnected from the middle class. Is Silicon Valley just a bubble that isn't real, or connected with America?
These days, electric cars are making inroads against old-fashioned gasoline models. Well, there was a time when there were three ways to power your car: Gasoline, electric, and steam. This 1913 Stanley Steamer car takes almost 45 minutes to start up but it's quite a treat to drive.