DETROIT (AP) — Italian automaker Fiat SpA could own more than 70 percent of Chrysler Group within a year once it repays its government loans and exercises other options, Chrysler said Monday in a filing with the U.S. Securities and Exchange Commission. Fiat may acquire the U.S. Treasury's 8.
TOKYO (AP) — Toyota's global car production, disrupted by parts shortages after Japan's March 11 earthquake and tsunami, will likely return to normal two to three months earlier than expected, a report said Tuesday. Japans' top business daily Nikkei said Toyota's output will normalize earlier than the end of this year as parts shortages are easing.
WASHINGTON (AP) — China is using high-level meetings to urge the United States to allow more technology exports into the booming Chinese economy as a way of balancing trade. The United States, meanwhile, has criticized the communist-led nation's latest crackdown on democracy advocates, arguing that long-term stability depends on respecting human rights.
LOUISVILLE, Ky. (AP) — Two people have been injured in a plant explosion in Louisville's Rubbertown district. A MetroSafe Communications supervisor said the explosion at Eckart Aluminum happened around 7 p.m. EDT Monday and occurred indoors at the plant, The Courier-Journal reported.
The economy of every developed country in the world depends on the supply of oil, gas and water, as fuels for transportation, heat, electric current production and survival. The average American consumes 2 gallons of gasoline, 220 cubic feet of natural gas for heating and cooking, 30 kilowatt-hours of electricity — produced primarily from fossil fuels, and 150 gallons of water a day.
DETROIT (AP) — U.S. safety regulators are investigating a fuel tank problem that could affect more than 2.7 million Ford F-150 pickup trucks. The National Highway Traffic Safety Administration said Monday that the steel straps holding up the truck's gas tank can rust and break, possibly causing a fuel spill and fire.
SANTA CLARA, Calif. (AP) — Nvidia Corp., which makes processing chips for phones and tablet computers, said Monday that it will buy Icera Inc., a British maker of data-modem chips for wireless devices, for $367 million in cash. The acquisition complements Nvidia's line of Tegra processing chips, and sets the company up to compete against Qualcomm Inc.
To help companies increase the life of their MIG guns, Tregaskiss (Windsor, Ontario, Canada) is offering its unique Double-Life MIG Gun System, which features identical connections on the front and back ends of the MIG gun. When the front end or cable becomes worn, welding operators can flip-flop the gun’s components for new components.
Precision Brand Products (Downers Grove, IL) has introduced its 12” x 24” type 321 Heat Treating Sheets, which the company says is a more economical alternative to the standard tool wrap rolls. The sheet design keeps handling to a minimum and can accommodate a majority of parts, which means less risk of being cut.
The QC-77 Robotic Tool Changer, developed by ATI Industrial Automation (Apex, NC) allows robots to automatically change end-effectors or other peripheral tooling in extremely stringent food-processing environments. A stainless-steel design resists attack by organic and inorganic compounds while withstanding aggressive washdown methods.
The Witte Co. (Washington, NJ) has developed clean, Lexan belt drive guards for its fluid bed dryers, coolers, screeners, conveyors, and other vibratory equipment. The guards fully enclose the belt drive system to prevent contact with the drive belt, promote worker safety, and aid compliance with OSHA requirements.
With our national debt at crisis levels and the stubborn unemployment continuing to hamper our recovery, AmericasGotProduct.com is asking every American to get out and Test Drive America during the month of June! “In March of this year, we the people bought just over 1.2 million cars and trucks according to the Wall Street Journal and MotorIntelligence.
DETROIT (AP) — A union official says General Motors plans to add 250 to 400 jobs at its transmission factory in Toledo, Ohio. Local union President Ray Wood says GM will invest $260 million to build fuel-efficient, eight-speed automatic transmissions in Toledo starting late next year. CEO Dan Akerson and United Auto Workers Vice President Joe Ashton are scheduled to make the announcement on Monday, along with local and state elected officials.
WASHINGTON (AP) — Vice President Joe Biden and Secretary of State Hillary Rodham Clinton both expressed concerns on Monday about the recent security crackdown that has occurred in China. Biden and Clinton jointly raised the issue at the opening session of two days of high level talks between the United States and China.
What do dozens of American billionaires talk about when they get together? Their topic this week was of course money; not how to make it, but how to give it away. Billionaire investor Warren Buffett said Friday that a private gathering was a great chance for the billionaires who have pledged to give away at least half their wealth to meet each other, compare notes, eat and laugh.
HUNTINGTON PARK, Calif. (AP) — A fire feeding on soybean oil at a frozen food plant sent flames soaring through the roof Monday and created a towering plume of smoke that was seen for miles around the eastern Los Angeles suburb. About 150 firefighters from several departments fought the blaze, which was reported by employees at about 5:30 a.
Zurich, Switzerland — ABB, the global power and automation technology group, has agreed to acquire Mincom to broaden its software portfolio and establish the Group as a leader in enterprise asset management (EAM) software and services. ABB is acquiring the Brisbane, Australia-based company from Francisco Partners, a private equity group that invests in technology businesses, for an undisclosed sum.
CNN Money takes a look inside Volkswagen's Chattanooga, Tenn. plant, which was built at the height of the "Great Recession." The $1 billion facility was built in Chattanooga thanks to some $500 million in financial incentives from the state government, which helped sway VW over the other 400 cities that bid for the plant.
Forklift accidents and fatalities are a serious reality at the loading dock. The trailer is an extension of the warehouse floor that can unexpectedly separate from the dock if the proper safety precautions aren’t taken. Choosing the appropriate vehicle restraint to help prevent these tragedies can be difficult.
ROYAL OAK, Mich. (AP) — Saab named an executive from Subaru on Monday to run its North American operations. The struggling Swedish automaker said Timothy Colbeck would be the president and chief operating officer overseeing its largest market. Colbeck has 25 years of U.S. auto industry experience with Subaru in sales, e-business, finance and other areas, Saab said.