SHANGHAI (AP) — Vehicle sales in China rose a scant 2.5 percent in 2011, the slowest growth in over a decade, as higher prices and traffic controls kept buyers out of showrooms. The China Association of Automobile Manufacturers reported Thursday that total vehicle sales rose to 18.
COPENHAGEN, Denmark (AP) — Vestas Wind Systems A/S, the world's biggest maker of wind turbines in terms of revenue, said Thursday it is to layoff 2,335 people worldwide and warned that an additional 1,600 jobs in the U.S. could be at risk if Congress doesn't extend tax breaks for renewable energy.
JAKARTA, Indonesia (AP) — Sports equipment maker Nike Inc. has agreed to give workers in Indonesia $1 million in unpaid overtime, employee representatives said Thursday. A national trade union representing nearly 4,500 employees from the PT Nikomas shoe plant in Banten province said Nike had failed to pay close to 600,000 hours over a two-year period.
DETROIT (AP) — Fiat CEO Sergio Marchionne said Wednesday that Europe needs to cut 10 to 20 percent of its auto manufacturing capacity to deal with falling sales in the region. Pricewaterhouse Coopers estimates Europe sold 13.5 million vehicles last year, down from a peak of 16 million in 2007.
BEIJING (AP) — Dozens of workers assembling Xbox video game consoles climbed to a factory dormitory roof, and some threatened to jump to their deaths, in a dispute over jobs that was defused but highlights growing labor unrest as China's economy slows. The dispute boiled over last week after contract manufacturer Foxconn Technology Group said it would close the production line for Microsoft Corp.
WHITE PLAINS, NY--ITT Corporation today announced that it has completed the upgrade and expansion of its facility in Salto, Brazil to better serve customers in the oil and gas, chemical, pulp and paper, and general industrial markets. "Brazil and Latin America are important markets for ITT, and this project represents our commitment to expanding our global presence in key growth areas," said Robert Pagano Jr.
TERRE HAUTE, Ind. (AP) — A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant near Terre Haute. The Terre Haute Tribune-Star and WTHI-TV report officials with California-based NantWorks LLC told the Vigo County Department of Redevelopment on Tuesday that they plan to invest $120 million at the site in a southern Vigo County industrial park.
LAS VEGAS (AP) — Motorola Mobility and Lenovo on Tuesday said they will use Intel processors in smartphones and other devices, giving the chipmaker its first entry into a market it has long coveted. Intel Corp. has struggled to bring down the power consumption of its chips so that they can be used in phones without draining the battery in a matter of hours.
WASHINGTON (AP) — President Barack Obama said Wednesday he wants to reward companies that invest in America and eliminate tax breaks for companies that don't, and he's planning new tax proposals to do it. A day after his Republican foes competed in the New Hampshire primary, Obama sought to grab back the spotlight and underscore his focus on the economy by convening a White House forum on how to increase employment and bring back jobs that have fled overseas.
RENTON, Wash. (AP) — Boeing Co. said Tuesday that it hit its target of producing 35 of its 737-model aircraft in a month and is preparing to further speed up the assembly line in the next two years. The company had been producing 31.5 of the planes per month, said spokeswoman Kristi Moen.
There are three thrifty reasons why the best-selling car in the United States for the past 10 years is likely to stay on top. In gasoline-electric hybrid form, the Toyota Camry, revamped for 2012, beats all other mid-size hybrid sedans with a combined city/highway fuel economy rating of 43 miles per gallon, according to the federal government.
DEARBORN, Michigan (AP) — Ford Motor Co. said Wednesday that it is recalling nearly half a million minivans and SUVs because of a pair of mechanical issues. The Dearborn, Michigan-based automaker is recalling 205,896 Freestar and Mercury Monterey minivans made during the 2004 and 2005 model years, because their torque converter output shaft may fail.
TOKYO, Jan. 11 (Kyodo) — Toyota Motor Corp. said Wednesday it has donated external power-supply units to the Miyagi prefectural government, which can supply electricity through the automaker's Prius hybrid vehicles in times of emergency. The power-supply units have a maximum output of 1,500 watts and are able to simultaneously power most household electrical appliances, including televisions and personal computers, by drawing electricity from the automobile's onboard drive battery, Toyota said.
DETROIT (AP) — Hyundai Motor Co. announced plans Tuesday to build a Michigan testing facility to help examine the effects of extreme hot and cold temperatures for vehicle development, a project that Gov. Rick Snyder said illustrates the kind of help the state can provide to encourage business expansion.
WICHITA, Kan. (AP) — Bombardier Aerospace unveiled plans Tuesday to expand its Learjet site in Wichita, creating 450 new jobs and providing a much-needed boost to a city still stinging from Boeing's announcement that it plans to close its defense plant here. The mood was upbeat this week at Bombardier's plant as Kansas Gov.
DETROIT (AP) — Fiat hopes to start fresh in North America after a disappointing first year. The Italian brand sold fewer than 25,000 Fiat 500 subcompacts in the U.S. and Canada in 2011, only halfway to its goal of 50,000. Its network of new dealers was slow to get up and running.
POCATELLO, Idaho (AP) — A struggling manufacturing plant has filed a complaint with the state utility regulator accusing Idaho Power Co. of overcharging on its electric bills. Hoku Materials included the allegation in its response filed Monday with the Public Utilities Commission, the latest development in the Hawaii company's squabble with the state's biggest utility.
NEW YORK (AP) — Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings.
MOSCOW (AP) — Some recent failures of Russian satellites may have been the result of sabotage by foreign forces, Russia's space chief said in comments apparently aimed at the United States. Roscosmos chief Vladimir Popovkin stopped short of accusing any specific country of disabling Russian satellites, but in an interview Tuesday in the daily Izvestia he said some Russian craft had suffered "unexplained" malfunctions while flying over another side of the globe beyond the reach of his nation's tracking facilities.
FORT WORTH, Texas (AP) — Bell Helicopter plans to build its next new commercial helicopter model at its facility in the Texas Panhandle. A Bell Helicopter spokesman on Monday would not specify how many jobs could be created in Amarillo by work on the Magellan project. William Schroder declined to release further details, other than final assembly, product test flights and delivery of the Magellan will be done at the Amarillo facility.