A sharp jump in sales of its luxury cars and sport utility vehicles in China helped German automaker BMW AG increase net profit by 51 percent last year.
Slightly more people applied for U.S. unemployment benefits last week. But the overall level stayed low enough to suggest the job market is strengthening.
Automakers are eyeing the booming market for mobile phone applications and now they're reaching for a place on the bandwagon despite safety concerns.
NHTSA says some of the vehicles in question may have rear lower control arms that could break as a result of corrosion and lead to a crash.
The brutal European car market is pushing many automakers to look for partners for new technology and access to fresh markets without reinventing the wheel.
Israel says it is "surprised" by a decision by India's defense ministry to ban a leading Israeli weapons manufacturer from bidding on Indian defense contracts for the next decade.
The EPA has announced a $100,000 grant to help the town of Tonawanda, N.Y. address the health risks posed by the numerous air-polluting facilities in the area.
GE believes that Latin America, not the rest of Asia, will set the pace for growth next year and confirmed its prediction of overall double-digit percentage earnings growth Wednesday in both industrial and capital segments.
Georgia-based Southwire Company said the Illinois plant has agreed to manufacture 500 miles of overhead transmission cable for a grid designed to harness wind energy.
President Barack Obama told business leaders that the nation needs to reform its tax system to help boost the economy.
Apple is holding an event Wednesday in San Francisco, and has hinted that it will reveal a new iPad model.
United Auto Workers President Bob King has called Mulally's pay "morally wrong."
More natural gas-powered vehicles will hit the market soon, as rising gasoline prices, booming natural gas production and proposed tax credits make them a more attractive option.
Fewer gains in worker output suggests employers must add workers if they want to meet higher demand.
Congress is moving to reaffirm that the government has the right to impose higher tariffs on goods from countries that subsidize their exports to the United States.
Fiat and Chrysler's CEO said that European officials need to provide a "concerted road map" for the auto industry to close idled plants — or risk the failure of European automakers.
Prosecutors filed credit fraud charges against officials with Porsche, alleging they gave false information during a failed takeover attempt.
Chrysler aims to be the first U.S. automaker to produce a factory-built pickup truck that is powered mainly by natural gas.
A Missouri House committee has endorsed several new mandates for state and local government after the planned construction of a sweetener plant failed last year.
A group of expert hackers who attacked corporations around the globe have been arrested after its ringleader secretly began working as an informant for the FBI, authorities announced.