DETROIT (AP) — A surge in car and truck buying that began in October is expected to lift last year's U.S. auto sales above a dismal 2009. Customers gained confidence in the economy, loans were easier to get and deals got sweeter. Ford, General Motors, Toyota and other car companies will report 2010 and December sales throughout the day on Tuesday.
WASHINGTON (AP) — Orders to U.S. factories are expected to strengthen in November outside of transportation in a further sign that manufacturers will be cranking up production in anticipation of greater spending by businesses and consumers in 2011. Economists at JPMorgan Chase are forecasting that factory orders will post a 0.
WASHINGTON (AP) — A U.S. Senator is asking the Federal Trade Commission to investigate "misleading safety claims and deceptive practices" in the selling of new football helmets and reconditioning of used ones. In a letter dated Tuesday — a copy of which was obtained by The Associated Press on Monday night — Sen.
LOS ANGELES (AP) — Seven insurance companies have sued Toyota Motor Corp. in an attempt to recover money paid to cover crashes they blame on sudden acceleration. The insurers cite data that blames 725 crashes on the problem and fault the Japanese automaker for failing to equip its cars with an override system that would cause a car to idle if the brake and gas were deployed simultaneously.
WASHINGTON (AP) — When salmonella-laced peanut products sickened hundreds during a recent scare, President Barack Obama said consumers should be able to have confidence that their government will keep peanut butter-eating children safe — and that included his daughter Sasha. "That's what Sasha eats for lunch probably three times a week," Obama said then.
HAMMOND, Ind. (AP) — A Hammond Sanitary District official says a greasy white substance backing up through basement drains into homes appears to be linked to operations at a Unilever soap factory. Unilever and Hammond city officials haven't determined the cause of the Friday backup but the district's pretreatment coordinator, Jeff Massey, said during a public meeting Monday night that sewage apparently backed up after animal fat and coconut oil from the plant solidified and clogged sewer lines.
HONG KONG (AP) — China's manufacturing boom eased off slightly in the last month of the year, a survey said, reflecting tightening policies taken by authorities to keep inflation in check. The state-affiliated China Federation of Logistics and Purchasing said that its purchasing managers index, or PMI, dipped to 53.
WASHINGTON (AP) — Manufacturers likely increased output at the same pace in December as the previous month, notching the 17th straight month of growth. The Institute for Supply Management's index of manufacturing activity is expected to remain unchanged at 56.6. Any reading above 50 indicates that the sector is growing.
BLACKSBURG, Va. (AP) — A spokesman for an auto parts supplier says four people have been injured in an explosion at the company's plant in Virginia. Jim Burke, spokesman for Federal-Mogul Corp. in Southfield, Mich., said the injured were employees of a local contractor that was conducting routine duct work cleaning.
DETROIT (AP) — This was the year General Motors Co. and Nissan made good on their promise to bring mass-produced electric cars to the market. But don't count on seeing one in traffic soon. Sales so far have been microscopic and they're likely to stay that way for some time because of limited supplies.
MILAN (AP) — Fiat split its industrial vehicle business from its automaking unit on Monday, unwinding two vastly divergent businesses with the goal of creating a global automotive company with Chrysler LLC. As Fiat Industrial began its trading life as an independent entity, opening at euro9 ($12.
MILWAUKEE (AP) — Farm equipment manufacturers are rolling out cleaner tractors to meet stricter new federal air regulations, but many in the industry say the challenge will be getting farmers to put the high-priced models into fields during hard economic times. The rules that went into effect Saturday apply to tractors, construction vehicles and other so-called nonroad equipment.
NEW YORK (AP) — Shares of General Motors jumped 2.4 percent Tuesday in premarket trading after several investment groups initiated coverage of the reinvigorated automaker. Credit Suisse set an "Outperform" rating for GM with a 12-month price target of $43 per share, saying that the company's stint under bankruptcy protection cleansed its balance sheet.
BEIJING (AP) — China said Tuesday it is reducing the amount of rare earths it will export next year by more than 10 percent — likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products. China accounts for 97 percent of the global production of rare earths, which are essential to devices as varied as cell phones, computer drives and hybrid cars.
ROCHESTER, New York (AP) — Alfred E. Kahn, who presided over the historic deregulation of the U.S. airline industry during President Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died Monday. He was 93. Kahn, an economics professor at Cornell University, died of cancer at his home in Ithaca, New York, the school said in a statement.
NEW YORK (AP) — Corporate profits are up. Stock prices are up. So why isn't anyone hiring? Actually, many American companies are — just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat. More than half of the 15,000 people that Caterpillar Inc.
DEARBORN, Mich. (AP) — Ford Motor Co. said Monday that it plans to include its fuel-saving Auto Start-Stop technology — originally designed for and used in its gas-electric hybrids — in a wider range of vehicles sold in North America starting in 2012. The technology automatically shuts off the engine when a vehicle stops, which Ford says improves fuel economy at least 4 percent.
BURNS HARBOR, Ind. (AP) — Andrew Sweeney said it wasn't part of his initial plan to work in the steel industry. Hired earlier this year as an electrical maintenance technician working at ArcelorMittal Burns Harbor, Sweeney said his thoughts changed once he enrolled in a training program that helped him snag a job with the world's largest steelmaker.
MUNCIE, Ind. (AP) — A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers. Progress Rail Services has begun advertising for 70 welders and other positions through the state website www.indianacareerconnect.
MOUNT VERNON, Ind. (AP) — A company is ramping up production at an ethanol plant in southwestern Indiana that is now operating after construction work was halted for more than a year. Pekin, Ill.-based Aventine Renewable Energy produced its first ethanol on Nov. 30 at the Mount Vernon plant, which it started building in late 2007.