Ford Motor Co. says its Focus small car was the best-selling vehicle nameplate in the world last year, with just over 1 million sold. More than a quarter of all Focuses were sold in China, its largest market. The U.S. was the car's second-largest market.
A few hundred South Korean managers, some wandering among quiet assembly lines, were all that remained Tuesday at the massive industrial park run by the rival Koreas after North Korea pulled its more than 50,000 workers from the complex. Others stuffed their cars full of goods before heading south across the Demilitarized Zone that divides the nations.
Italian carmaker Fiat, which controls Chrysler, will revise its earnings targets later this month as the European market is expected to decline for a sixth straight year, CEO Sergio Marchionne told shareholders Tuesday. European economies are suffering as governments cut spending and raise taxes to lower debt.
The biggest thing in operating rooms these days is a million-dollar, multi-armed robot named da Vinci, used in nearly 400,000 surgeries nationwide last year — triple the number just four years earlier. But now the high-tech helper is under scrutiny over reports of problems, including several deaths that may be linked with it and the high cost of using the robotic system.
Vestas' Colorado factories will produce wind turbines for a wind farm that will be built in Canada. The Danish company announced Monday that it has received an order to make 166 wind generators for the Blackspring Ridge Wind Project near Alberta.
February U.S. manufacturing technology orders totaled $385.89 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 5.7 percent from January but down 10.6 percent when compared with the total of $431.63 million reported for February 2012.
Airbus broke ground on its first U.S. airplane assembly plant Monday with a ceremony marking the start of a project that could help transform Alabama's coast into an aerospace center. Top company executives and state leaders were in the port city for the event, held at the Airbus site at Brookley Aeroplex. A jetliner parked behind the stage provided a backdrop for the occasion.
Vodka producer Central European Distribution Corp. is seeking Chapter 11 bankruptcy protection to cut more than $665 million of its debt. The company is asking a U.S. Bankruptcy Court in Delaware to approve a reorganization plan, which would give ownership of the company to Roust Trading. Roust is owned by CEDC Chairman Roustam Tariko.
A federal judge on Friday struck down an effort to form a class action lawsuit to go after Apple, Google and five other technology companies for allegedly forming an illegal cartel to tamp down workers' wages and prevent the loss of their best engineers during a multiyear conspiracy broken up by government regulators.
Having drawn lessons from a series of predicaments since the 2008 global economic downturn, Toyota Motor Corp. is focusing on lowering its production costs worldwide and improving its competitiveness in product design as it faces intense competition from overseas rivals.
A proposal to provide a company with $125 million in state financing to build a new steel mill in northeastern Arkansas has won approval in the state House. By a 78-17 vote, lawmakers on Monday passed legislation authorizing Arkansas to issue bonds to provide a loan and pay some construction costs of a $1.1 billion steel facility in Osceola.
The state environment minister has called on a Brazilian steel company to immediately move around 750 people living near its plant in a Rio de Janeiro suburb. Soil there was found to contain up to 90 times the legal limit of toxic and potentially carcinogenic substances including lead and cadmium. Carlos Minc says the National Steelworks Company could be fined as much as $25 million for what he called "several environmental crimes."
PSI Repair Services, Inc., a subsidiary of Phillips Service Industries, will showcase its extensive range of services to support wind farm operations and maintenance (O&M) professionals at the WINDPOWER 2013 Conference & Exhibition. As a leading independent service provider (ISP) in the wind energy industry, PSI Repair Services offers component repair and upgrade services for GE, Vestas, Siemens and Clipper wind turbines.
A $16 million settlement over the safety recall of Toyota vehicles that were at risk for unintended acceleration and braking issues was announced Friday by Orange County prosecutors and Toyota Motor Corp. The suit was one of a flood of cases brought against the automaker after more than 14 million vehicles were recalled in 2009 and 2010 - many of them still waiting to be heard or settled.
North Korea said Monday it will suspend operations at a factory complex it has jointly run with South Korea, pulling out more than 53,000 North Korean workers and moving closer to severing its last economic link with its rival as tensions escalate.
Mexico City authorities say seven workers died while cleaning a tank at a Grupo Modelo brewery in Mexico City. A spokeswoman for city prosecutors says the accident occurred early Sunday and that investigators are looking into whether the workers died from inhaling toxic fumes. The official spoke on condition of anonymity because she was not authorized to discuss the case.
General Electric Co. has agreed to buy the oilfield equipment maker Lufkin Industries Inc. for $3 billion, furthering an effort by GE to grow its oil and gas operations. GE said Monday it would pay Lufkin shareholders $88.50 per share in the all-cash deal, a 38 percent premium over Lufkin's closing price on Friday of $63.93.
Boeing put its 787 battery fix through a "final" flight test on Friday and will soon submit the data to regulators, who the aircraft maker hopes will sign off on the new battery system and allow the 787 back in the air. The 787 Dreamliner has been grounded since mid-January because of smoldering batteries that, in one case, caused a serious fire on the tarmac in Boston.
Delaware Gov. Jack Markell's office says Fisker Automotive has notified the state of plans to lay off most of its remaining work force. Markell spokeswoman Cathy Rossi said in an email Friday that Delaware officials were disheartened to learn of the company's plans.
Caterpillar Inc. says it plans to lay off more than 460 employees this June at its plant in Decatur. Rachel Potts is a spokeswoman for the Peoria-based company. She said Friday that Caterpillar is laying off the employees as part of an ongoing series of production cuts.