LAS VEGAS (AP) — Developing countries like China and India will drive global sales of consumer electronics above $1 trillion this year for the first time, even as cash-strapped shoppers in the U.S. and Western Europe ease off spending for high-tech gear, industry analysts said Sunday.
DETROIT (AP) — The Hyundai Elantra edged out the Ford Focus and Volkwagen Passat Monday to win the 2012 North American Car of the Year award. The prestigious industry award was announced at the start of the North American International Auto Show in Detroit, which hosts media previews this week and opens to the public on Saturday.
DEARBORN, Michigan (AP) — The U.S. Energy Department won't follow through on a planned $730 million loan to the North American arm of one of Russia's largest steel companies to modernize its Detroit-area plant. The Detroit News and Detroit Free Press reported Friday that the conditional loan for the Severstal North America project in Dearborn won't be finalized.
WASHINGTON (AP) — President Barack Obama is highlighting companies that have returned jobs to the U.S. and he says that's one more way of putting people back to work. The White House plans a forum Wednesday, called "Insourcing American Jobs," that will bring together business leaders who shifted work back home.
DETROIT, Jan. 9 (Kyodo) — Coming out of another tough economic year, automakers will kick off the annual North American International Auto Show on Monday in Detroit, emphasizing their confidence in the future with vehicles targeted at consumers expected to buy more vehicles. Though the industry is expected to focus on fuel economy and the environment as they did in last year's show, forecasts for improved sales in 2012 have given carmakers the needed boost to promote their products.
TOPEKA, Kan. (AP) — Some Kansas officials felt betrayed when they learned Boeing Co. was contemplating closing its defense plant in Wichita, and the area's congressman says he's researching whether the company can be held to promises to bring thousands of jobs to the Sunflower State. But the state's leaders are pursuing another path, too, insisting that Wichita still will be able to define itself as the aircraft manufacturing capital of the world even without the Boeing plant.
WICHITA, Kan. (AP) — A dispute between two companies over a halted $354 million contract for an Air Force light air support plane spilled into the public arena Friday, with the rivals arguing about how many people they would employ for the project and which one had the better U.S.-built airplane.
NEW YORK, Jan. 4 (Kyodo) — Toyota Motor Corp. saw its new car sales in the United States fall 6.7 percent in 2011, down for the fourth straight year, but its U.S. rivals enjoyed double-digit growth as overall sales in the market increased, according to data released Wednesday by a U.S.
WEST POINT, Ga. (AP) — A $100 million expansion of the Kia Motors plant in West Point has been completed, according to executives with Kia Motors Manufacturing Georgia Inc. The expansion, which included the addition of employees, increased the plant's capacity to a total of 360,000 vehicles per year, company officials said.
FINDLAY, Ohio (AP) — Locked-out tire company workers in at Cooper Tire & Rubber Co. in Ohio are in a new dispute with management — about whether it backed out of new talks. Union leaders at Cooper Tire say they were set to sit down with the company next Thursday but now Cooper won't meet with them.
BUFFALO, N.Y. (AP) — Federal safety inspectors are proposing $90,000 in fines against a western New York manufacturer, saying inspectors found several potential hazards at the plant. The Department of Labor's Occupational Safety and Health Administration says Friday that the findings are the result of an October inspection of the Gray Metal Products plant in Avon, in Livingston County 20 miles south of Rochester.
AUGUSTA, Ga. (AP) — An employee opened fire outside a northeastern Georgia food processing plant Thursday, fatally shooting his wife before killing himself, authorities said. The Richmond County Sheriff's Office did not immediately say what prompted the slaying and suicide at FPL Food in Augusta, Ga.
BEIJING (AP) — China's civil aviation authority on Thursday cleared the country's biggest-ever helicopter for domestic use, its state-owned manufacturer said. The 13.8-ton AC313 is the latest advance for China's ambitious aerospace industry that spans military jets, commercial airliners, and even a manned space flight program.
TOKYO (AP) — The former Olympus Corp. CEO who blew the whistle on dubious spending at the Japanese camera and medical equipment maker said Friday he is giving up his fight to regain the presidency and plans to sue the company. Michael Woodford said he decided to drop his bid when he realized he didn't have the support of Japanese institutional investors, whom he blamed for tacitly allowing the current board to stay on despite acknowledging a massive cover-up.
NASHVILLE, Tenn. (AP) — Officials at a Tennessee metal powders factory where five people died in accidents last year knew about the explosive danger of dust that coated much of the plant but did little to reduce the risk, a federal investigative agency concluded. The U.S. Chemical Safety Board on Thursday released its final report on three accidents over the first five months of 2011 at a Hoeganaes Corp.
WASHINGTON (AP) — A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011. The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.
WICHITA, Kansas (AP) — The U.S. Air Force has halted work on a $354 million contract for light air-support turboprops after Hawker Beechcraft Corp. filed a lawsuit claiming its own aircraft was wrongly excluded from the selection process. The contract was awarded Dec. 22 to Nevada-based Sierra Nevada Corp.
DEARBORN, Mich. (AP) — Ford Motor Co. is the latest automaker to open a research lab in Silicon Valley, where it hopes to scout out new technology and keep ahead of trends. The company said Friday that it plans to open the lab near Stanford University in Palo Alto, Calif., in the first few months of this year.
DETROIT (AP) — Chrysler will add 1,250 jobs at two Detroit factories next year — another sign that the once struggling automaker appears to be making a comeback. The Jefferson North Assembly Plant will get 1,100 new workers and a third shift to help build a Jeep Grand Cherokee diesel model for North America.
DETROIT (AP) — Fiat has added 5 percent to its majority ownership of Chrysler. The Italian automaker got the added stake by making a car in the U.S. that gets 40 miles per gallon of gas. With the added shares, Fiat now owns 58.5 percent of Chrysler. The U.S. government, which bailed out Chrysler and funded its 2009 restructuring under bankruptcy protection, gave Fiat a 20 percent stake in Chrysler in July of 2009 in exchange for Fiat's management expertise and use of its technology.