MEXICO CITY (AP) — Nissan Motor Co. announced Wednesday it is investing $2 billion to build a new manufacturing plant in Mexico. It will be the Japanese company's third in the country, helping it serve markets throughout the Americas. Construction of the plant in the northern state of Aguascalientes will begin this summer and production should start by the end of next year, according to a company statement.
NEW YORK (AP) — Alcoa will build a new plant in Indiana and expand two other facilities to increase production of aluminum-lithium alloys to meet rising demand from the aerospace industry. The aluminum company, which operates out of Pittsburgh, has begun work on a 115,000-square-foot plant near its current facility at Lafayette, Ind.
TOKYO (AP) — The devastating March tsunami and shift of manufacturing overseas plunged Japan's trade account into the red for the first time since 1980. Experts said the years of Japan running massive trade surpluses are likely over. The 2.49 trillion yen ($32 billion) deficit for 2011 reflected a surge in energy imports to cover shortfalls caused by the disaster.
NEW YORK (AP) — The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the behemoth company's sales. Apple Inc. on Tuesday said it sold 37 million iPhones in the last three months of 2011, vastly exceeding analyst estimates and propelling the company to record quarterly results.
MINNEAPOLIS (AP) — Quicker deliveries of Boeing's commercial airplanes helped it report a 20-percent jump in fourth-quarter profits, and offset sluggish growth in its defense business. However, its shares fell because of a weaker 2012 earnings outlook than analysts expected. Boeing Co.
WASHINGTON (AP) — The government "pulled no punches" in investigating battery fires in the Volt, General Motors' prized electric car, the head of the federal auto safety agency told Congress on Wednesday. At a combative House hearing, Republicans questioned whether the government's partial ownership in the automaker created a conflict of interest for the Obama administration in the Chevrolet probe, which began after a test car caught fire in June, three weeks after a side-impact test.
DUBLIN, Ga. (AP) — Gov. Nathan Deal says a $39 million German automotive plant will open in Dublin. The Courier Herald in Dublin reports that Munich-based Erdrich Umformtechnik GmbH & Co.KG will bring 178 jobs to the area. The 130,000-square-foot metal stamping facility will be Erdrich's first U.
TOKYO, Jan. 25 (Kyodo) — Hino Motors Ltd., a Toyota Motor Corp. subsidiary, said Wednesday it will recall the Hino Dutro trucks as well as the Toyota Dyna and Toyoace trucks it supplied to Toyota for sale with the Toyota badge to fix defective horns that may not work. In a report filed with the Ministry of Land, Infrastructure, Transport and Tourism, Hino said a total of 17,369 units in seven models, including the Dyna 200 and the Toyoace G25, will be recalled for free replacement of the steering wheels and nuts that have caused the problem.
OSLO, Norway (AP) — Budget carrier Norwegian Air Shuttle ASA on Wednesday said it has ordered 222 new aircraft from Boeing and Airbus in separate deals with a combined worth of $127 billion in list prices. The total order, which includes 122 Boeing 737 aircraft and 100 Airbus A320 planes for delivery starting in 2016, is the largest ever aircraft purchase in Europe, Norwegian Air Shuttle said.
CONCORD, N.C. (AP) — Ford on Tuesday became the first manufacturer in NASCAR to unveil its 2013 car, rolling out a Fusion that closely resembles what fans can buy off the showroom floor. "The NASCAR Nation is made up of car enthusiasts, and NASCAR fans certainly love to pull for a brand or make of car second only to being able to pull for their favorite driver," said NASCAR President Mike Helton.
WASHINGTON (AP) — Declaring the American dream under siege, President Barack Obama delivered a populist challenge Tuesday night to shrink the gap between rich and poor, promising to tax the wealthy more and help jobless Americans get work and hang onto their homes. Seeking re-election and needing results, the president invited Republicans to join him but warned, "I intend to fight.
WASHINGTON (AP) — A GOP-led House committee is challenging the Obama administration's investigation into Chevy Volt batteries that caught fire last year, raising questions about whether the government's partial ownership of General Motors Co. created a conflict of interest. "Questions have been raised as to whether or not GM receives special deference from the administration because of its status as a ward of the state," said the report by the Republican staff of the House Committee on Oversight and Government Reform prepared in connection with a hearing Wednesday.
FRANKFURT, Germany (AP) — Industrial equipment maker Siemens AG said Tuesday that net profit fell 17 percent to €1.46 billion ($1.89 billion) in the final quarter of 2011 due to delays in major wind-power and rail projects, and as the uncertain global economic outlook hurt orders.
NEW YORK, Jan. 23 (Kyodo) — Texas Instruments Inc. said Monday it will shut down two plants, in Hiji in Japan's Oita Prefecture and in Houston, Texas, within the next 18 months, expecting the closures to cost about $215 million in costs. The U.S. chipmaker said the two plants, both running for over 30 years, need a major upgrade of facilities, but it prefers shifting production to larger and more advanced facilities.
French drugmaker Sanofi's Genzyme unit said Tuesday the Food and Drug Administration has approved a new Massachusetts manufacturing plant to make the Fabry disease treatment Fabrazyme, a move that will help relieve a supply crunch. Genzyme said the plant in Framingham also received European regulatory approval last week.
WASHINGTON (AP) — President Barack Obama is ready to reclaim the spotlight with a plea for economic fairness in a State of Union address that opposition Republicans panned in advance as a rehash of old ideas. Obama delivers his third State of the Union address Tuesday in a capital and country shot through with politics, with his re-election campaign well under way and his potential GOP opponents lobbing attacks against him daily as they scrap for the right to take him on.
THE HAGUE, Netherlands (AP) — Dutch appeals judges ruled Tuesday that Samsung's Galaxy Tab tablet is not a copy of Apple's popular iPad, handing the Korean consumer electronics maker its latest legal victory over its American rival. The Hague Appeals court ruling upheld a lower court's refusal to grant Apple Inc.
BELGRADE, Serbia (AP) — Serbia's government will try to avert the closure of its single biggest exporter, U.S. Steel Serbia, despite poor financial results, officials said Tuesday. The government will form a special team that will offer an "action plan" to help the Pittsburgh-based giant maintain production and keep its work force of over 5,000 people in its factory in Smederevo, some 60 kilometers (37 miles) southeast of Belgrade, deputy Prime Minister Verica Kalanovic said.
Where is the world's biggest brewery, and how much beer do pumps move through it each year? What is the largest cost component of owning a pump? More than 5,000 people representing 141 countries have answered questions like these, as ITT Goulds Pumps challenges players with its World of Pumps Quiz, an online series of questions aimed at raising awareness of the role industrial pumps play in modern life while generating company donations to teach first aid and CPR around the world.
WASHINGTON (AP) — The sun is bombarding Earth with radiation from the biggest solar storm in more than six years with more to come from the fast-moving eruption. The solar flare occurred at about 11 p.m. EST Sunday and will hit Earth with three different effects at three different times.