BERLIN (AP) — German Chancellor Angela Merkel pressed General Motors Co. on Tuesday to present a "reliable concept" for the future of its European unit Opel, adding that GM should produce most of the funding. GM last week called off the planned sale of a majority of Opel, based in Germany, to a consortium of car parts maker Magna International Inc.
BEIJING (AP) — Days after coming to power in September, Japan's new prime minister broached forming a new East Asian trading bloc with rival China — one that would exclude the United States. Some in Washington took it as a snub from the nation that has been America's rock in Asia for decades.
LONDON (AP) — Kraft Foods Inc. launched a 9.8 billion pound ($16.4 billion) hostile bid for Cadbury PLC on Monday — refusing to sweeten a previous offer rejected by the British candy maker. The terms of the cash-and-stock approach were left unchanged, effectively representing a lower offer for Cadbury investors because of a shift in share prices of both companies.
TORONTO (CP) — General Motors Co. will reportedly invest nearly $100 million to increase production at an assembly plant in Ingersoll, Ont. Sources tell the Globe and Mail the upgrade to Cami Automotive Inc. will be announced today at the facility in southwestern Ontario. The investment is designed to boost output of the Chevrolet Equinox and GMC Terrain crossover utility vehicles.
BEIJING (AP) — Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday. Automakers sold a total of 1.2 million cars and trucks, the government-sanctioned China Association of Auto Manufacturers announced.
STERLING HEIGHTS, Mich. (AP) — General Dynamics Corp. ( NYSE:GD ) is building a Detroit-area center it says will speed the design and construction of new military land vehicles. General Dynamics Land Systems holds a groundbreaking ceremony Monday in Sterling Heights, where the division is headquartered.
STURGIS, S.D. (AP) — As many as 30 new jobs are coming to the South Dakota town of Sturgis. California-based Bar-Sto Precision Machine Co. has announced plans to open a new facility on the south end of the Sturgis industrial park. The Bar-Sto plant will manufacture precision gun barrels for most of the handguns in use today by law enforcement agencies, as well as by competitive shooters.
BUFFALO, W.Va. (AP) — Workers at the Toyota Motor Corp. ( NYSE:TM ) plant in Buffalo have filed a grievance with the National Labor Relations Board, saying they're being denied the right to pass out union literature. The complaint was filed Friday at the federal agency's regional office in Cincinnati.
COLUMBUS, Ohio (AP) — Alcoa Inc. ( NYSE:AA ) plans to invest more than $110 million at its Cleveland plant in part to refurbish a forging press used in the production of the F-35 Joint Strike Fighter plane. Ohio Governor Ted Strickland said Thursday that the investment will help keep good jobs in Cleveland.
BIRMINGHAM, Ala. (AP) — A federal court has ruled that Tyson Foods Inc. ( NYSE:TSN ) violated federal labor standards for not paying production line employees for the time it takes them to put on and remove protective and sanitary gear. The company was ordered to pay $250,000 in damages, according to the ruling Wednesday in U.
MONTGOMERY, Ala. (AP) — Alabama is benefiting from Kia's assembly plant on the Georgia state line. The Alabama Development Office released a statement Thursday saying Kia is responsible for more than 3,600 new jobs at automotive supplier plants located in Alabama. Those workers are employed at 34 different plants in Alabama, including 12 new suppliers that came after Kia announced the decision for its first U.
BEIJING (AP) — China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing. The latest moves ratchet up disputes over market access for goods from poultry and tires to Hollywood movies.
DETROIT (AP) — Air bags have long been mounted in the steering wheel, dashboard and sides of vehicles. Now, they're in the seat belts. Ford Motor Co. ( NYSE:F ) plans to introduce seat belt-mounted air bags in the back seat of the 2011 Ford Explorer sport utility vehicle, which will hit the market next fall.
MARLBOROUGH, Mass. (AP) — A solar panel company is moving some jobs overseas after receiving $58 million in state aid and being touted by Massachusetts Gov. Deval Patrick as a symbol of the state's economic future. Evergreen Solar Inc. ( ESLR ) said Wednesday it is moving panel assembly jobs currently done at a plant in Devens to China next year.
WASHINGTON (AP) — The government says Toyota Motor Corp. is misleading consumers about an investigation into problems with stuck gas pedals that led to a massive Toyota recall. The National Highway Traffic Safety Administration said Wednesday it was still investigating the case and meeting with Toyota to hear about the company's plan to redesign the vehicles and fix "this very dangerous problem.
WHITEHOUSE STATION, N.J. (AP) — The new Merck & Co. becomes the world's second-biggest drugmaker overnight, and it's boasting a fat wallet to fund future deals. That's after the maker of vaccines and cholesterol and diabetes drugs bought Schering-Plough Corp. yesterday for $41.1 billion.
OKMULGEE, Okla. (AP) — City officials in Okmulgee say a Florida-based waste recycling company will build a plant and bring about 1,400 jobs to the northeastern Oklahoma town. Mayor Brian Priegel says Destin-based Waste Not Technologies will build an 800,000 square-foot office and manufacturing park on a 250-acre site.
DENVER (AP) — MillerCoors, a U.S. joint venture between Molson Coors Brewing Co. and SABMiller PLC, said Wednesday that its third-quarter profit climbed on cost-control efforts as well as the strength of beer brands like MGD 64. The maker of Blue Moon and Miller Genuine Draft said its earnings rose 37 percent to $229.
TOPEKA, Kan. (AP) — With hundreds of new jobs at stake, Kansas officials are keeping an eye on the competition for an Air Force contract to build a new refueling plane. Chicago-based Boeing Co., which has a plant in Wichita, is competing with Los Angeles-based Northrop Grumman Corp.
EAST LIBERTY, Ohio (AP) — Honda Motor Co. says it has begun mass production in Ohio of its new crossover utility vehicle. The automaker says the 2010 Honda Accord Crosstour began rolling off the line Monday night at the company's factory in East Liberty. It's the largest vehicle ever produced at the plant, which also makes the Honda CR-V and Honda Element.