TOKYO (AP) — Toyota forecasts its annual profit to dive 31 percent, hammered by production disruptions from parts shortages, but its outlook Friday projects a robust recovery from the earthquake and tsunami in coming months. Toyota Motor Corp. had not given an earnings forecast earlier because of uncertainties about its production outlook after the March 11 disaster wiped out key parts suppliers in northeastern Japan.
DETROIT (AP) — General Motors Co. is recalling more than 47,000 Cadillac SRX crossover vehicles in the U.S. because of a problem with the passenger side air bags. The National Highway Traffic Safety Administration, in documents posted on its website Friday, said that the right side head protection air bag won't inflate in a crash if no one is in the front seat.
WASHINGTON (AP) — The maker of epilepsy treatment Keppra agreed Thursday to pay more than $34 million for marketing the medication to treat migraine headaches in violation of U.S. drug laws. The U.S. subsidiary of Belgian manufacturer UCB pleaded guilty in federal court in Washington to a misdemeanor in connection with the misbranding.
WASHINGTON (AP) — Wholesale companies added to their stockpiles in April for a 16th straight month, a sign that businesses were confident in future sales gains. However, fresh data since then has shown the economy has weakened, suggesting supply levels could shrink in the months to come. Inventories rose 0.
NEW YORK (AP) — Aluminum maker Alcoa Inc. said Thursday that it has developed new alloys and engineering techniques that will give it a chance to compete against the non-aluminum parts increasingly used by airplane makers. Big planes have used aluminum for their skin and other parts for decades.
FRANKFURT, Germany (AP) — General Motors' European subsidiary Opel on Thursday firmly dismissed as speculation media reports that it's up for sale. Reports in Germany's Spiegel and Auto Bild publications saying it could be sold to a Chinese firm or to competitor Volkswagen AG are "pure speculation," the company said.
SHANGHAI (AP) — China's auto sales fell in May compared with a year earlier, as buyers wary of traffic quotas and rising fuel prices shunned showrooms, according to industry data released Thursday. The China Association of Automobile Manufacturers reported that sales of passenger cars, including sedans, multipurpose and sport utility vehicles, slipped to 1.
BOSTON (AP) — The family of a 4-year-old Massachusetts boy who died after falling from a mall escalator says in a lawsuit that the escalator was in a "dangerous and defective" condition that directly led to the child's death. The escalator's condition was in violation of state building codes, escalator safety standards and the industry standards established by the American Society of Mechanical Engineers, the parents of Mark DiBona of Dudley said in their suit filed Wednesday in Worcester Superior Court.
The Garland Company, Inc. (Cleveland, OH) is offering the R-Mer Guard wall panels that give owners a lateral aesthetic option for exterior walls. The R-Mer Guard is a concealed clip system that is engineered for strength and longevity, and it has been tested to meet extreme wind uplift, as well as air and water penetration.
Makita (La Mirada, CA) had added to its line-up of 18V LXT Lithium-Ion tools, which now includes more than 40 cordless products. The 18V Lithium-Ion Cordless 1/4” Die Grinder (model LXDG01) combines speed and portability in a compact size, according to the company. It offers 25,000 RPM speeds for faster grinding, and weighs only 4.
The new Radio Drive Series Interface (RDSI) module, for the Flex M receiver, is now available from Magnetek, Inc. (Menomonee Falls, WI). The RDSI module was designed to allow users to communicate with the company’s IMPULSE drives through a serial interface, reducing system cost by eliminating wiring and labor.
Hyde Tools (Southbridge, MA) had developed the HYDE Pivot Nozzle Wand for gas pressure washers, and is now introducing an electric version of the wand. The new product comes with four connectors and fits virtually any major brand of electric pressure washer. According to the company, the wand allows the user to step back, stay dry, and reach into every crack without contortion.
CNN's Emily Reuben gets a rare and almost unprecedented glimpse inside the data center of a cloud facility at an undisclosed location in London. The level of security around that data center is somewhat unbelievable, as it hosts the servers of almost 1,200 companies. Check it out... If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Douglas K. Woods, AMT President McLean, Va. — The Association For Manufacturing Technology President Douglas K. Woods reacted positively to the news that President Obama is endorsing a manufacturing skills credentialing system to boost manufacturing jobs growth as part of his Skills for America’s Future initiative launched last year.
A typical digital watch remains a dull, black design with a gray LCD. Some companies have tried to dress it up with added features and functionality while others have surrounded the drab display with vibrant colors and brushed metals to try and force the consumer to look beyond grandpa’s old Casio.
The Dynamic Eye is a new sunglass technology that uses liquid crystal displays — the same innovation that powers your computer or cell phone's screen — to block out the sun in a smarter fashion. Its inventor, Chris Mullin, says that his company needs another 12-18 months to fully develop the LCD technology, which needs to be made of very lightweight plastic.
WASHINGTON (AP) — For the first time this year, the economy slowed in several U.S. regions this spring. High gas prices weakened consumer spending, and the Japan crises reduced manufacturing output. Four of the 12 Federal Reserve bank regions suffered slower growth in April and May, compared with earlier this year, a Federal Reserve survey said Wednesday.
BRUSSELS (AP) — Pressed hard by outraged farmers, the European Union farm chief on Wednesday increased his offer of compensation for the E. coli outbreak to €210 million ($306 million). EU Farm Commissioner Dacian Ciolos had initially proposed €150 million ($219 million) to the struggling farmers, who have tons of unwanted produce rotting in fields and warehouses as Europeans shun vegetables, fearing they are contaminated with a deadly strain of E.
German automaker Volkswagen is making its mid-size Passat sedan affordable and accommodating for more American car buyers. The four-door, five-passenger, 2012 Passat is bigger than ever, with more back-seat legroom and a bigger trunk than in the Toyota Camry. Front-seat legroom of more than 42 inches is impressive, too, also exceeding Camry's.
DETROIT (AP) — Ford Motor Co. has finalized a deal with Russian automaker Sollers to build and sell cars and other vehicles in Russia, a key part of Ford's ambitious overseas growth plan. Ford said Wednesday that the two companies have lined up $1.4 billion in long-term financing from Vnesheconombank, the Russian development bank, for the 50-50 joint venture called Ford Sollers.