General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control module could stall the engine or cause a fire. Vehicles from the 2012 and 2013 model years equipped with GM's eAssist hybrid system are affected. Vehicles built after December 2012 are not part of the recall.
Seventy-nine gallons of "very slightly radioactive water" from a leaky tank at Entergy Corp.'s troubled Palisades Nuclear Power Plant spilled into Lake Michigan, a Nuclear Regulatory Commission spokeswoman said Monday. There is no risk to human health because the radioactive material was further diluted when it entered a storage basin before flowing into the lake, NRC spokeswoman Viktoria Mitlyng told The Associated Press.
Solar companies took a hit Tuesday after First Solar fell short of Wall Street expectations for the first quarter and announced job cuts in North America. First Solar, which had offered a very rosy outlook just last month, led the way down, declining nearly 10 percent after hitting new highs for the year on Monday before it released earnings.
A New York community group that raised $1.3M in a six-week online fundraising effort has purchased a laboratory once used by visionary scientist Nikola Tesla. "We're feeling very excited and gratified that we've reached this milestone," said Jane Alcorn, president of the Tesla Science Center at Wardenclyffe, on New York's Long Island. Her group announced last week that it had finalized the purchase of the Tesla lab and property for $850K.
BMW's South Carolina factory goes green, by producing more than 40 percent of its energy on site, and gaining recognition from the Environmental Protection Agency. BMW's changes make more money and increase efficiency at the facility. NBC's Chris Clackum reports.
A store of ammonium nitrate is what exploded April 17 at a Central Texas plant, killing 14 people, injuring hundreds and devastating an adjoining town. The finding was expected, and officials had said they were focusing their investigation on the explosive chemical used in many fertilizers, said Rachel Moreno, spokeswoman for the Texas State Fire Marshal's Office.
BYD is known for electric cars but this year's flagship model is the S7, a gasoline-powered SUV. It comes with an air purifier, radar to help with backing and digital TV. An onboard hard drive can hold 1,000 films. This is China's Year of the SUV. Whatever their specialties used to be, automakers ranging from global brands to China's ambitious rookies are scrambling to cash in on the explosive popularity of sport utility vehicles.
BMW is recalling 45,500 3 Series sedans in the U.S. and Canada because their passenger air bags may not inflate properly. The recall affects 3 Series from the 2002 and 2003 model years. The defective air bags have an inflator housing that can rupture during deployment and send shrapnel flying into the vehicle.
Shares of General Motors rose more than 4 percent early Monday after an analyst raised his earnings estimates and stock price target. But the shares gave up all of their gains and then some in late-afternoon trading. Last week, GM said its first-quarter profit fell 14 percent to $865 million, or 58 cents per share.
U.S. auto safety regulators are monitoring about 100,000 Ford and Mercury minivans that were not covered by a recall issued earlier this year for rust problems. Ford recalled about 230,000 Ford Freestar and Mercury Monterey minivans in March to fix rust in the wheel wells that can cause the third-row seats to come loose.
The chief executive of Ethiopian Airlines says his company will seek compensation from Boeing for the grounding of its 787 Dreamliner planes. Tewolde Gebremariam told The Associated Press on Tuesday his company will soon start discussions with Boeing over compensation.
Over the last few years, there has been an increasing amount of buzz around the concept of “re-shoring,” in which an American company decides it’s more financially viable to bring manufacturing operations back to the U.S. from a foreign land. Generally speaking, company leaders are finding that the “total cost” of producing overseas actually makes outsourcing the worse financial picture.
Financial investors in the industrial manufacturing sector stepped off the sidelines in the first quarter of 2013, recording a substantial increase in merger and acquisition activity. While strategic investors continued to drive deal activity during the first quarter, financial investments were well ahead of the pace for the same period in 2012.
The government's oversight of hundreds of domestic and overseas repair stations that service U.S. airliners is ineffective and doesn't target the factors most likely to present safety risks, the Department of Transportation's inspector general said Monday.
Hong Kong dockworkers have accepted a 9.8 percent pay increase, ending a 40-day strike that slowed traffic at one of the world's busiest ports. About 90 percent of the workers voted late Monday in favor of the offer from four middleman contractors that provide staff to a container terminal operator controlled by Hong Kong billionaire Li Ka-shing.