Toyota Motor Corp. has settled with family members of two people killed in a sudden-acceleration crash in Utah as part of a lawsuit that was to go to court next month and serve as a test case for a group of hundreds more that are pending. Paul Van Alfen and Charlene Jones Lloyd were killed when their Camry slammed into a wall in 2010.
The troubles with Boeing's 787 Dreamliner are drawing an unwelcome spotlight for the Japanese maker of the powerful lithium-ion batteries that have become the focus of investigations into onboard fire risks. Kyoto, Japan-based GS Yuasa Corp. said it began working Thursday with investigators probing the cause of recent problems with the 787.
Researchers from the University of Michigan, Michigan State University and Wayne State University have been showing how their combined efforts have contributed to some of the technological advances on display at this week's Detroit auto show.
China's economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn in global trade. Growth rose to 7.9 percent in the three months ending in December, up from the previous quarter's 7.4 percent data showed Friday.
Sony Corp., the struggling Japanese electronics and entertainment company, is headed in the right direction although its comeback is not yet complete, its chief executive said Thursday. Kazuo Hirai told reporters that Sony is now more nimble and focused under his leadership which began nine months ago.
A Delaware firm best known for manufacturing NASA spacesuits is relocating a recently acquired subsidiary's manufacturing operations to Sussex County, with plans to bring 115 new jobs to Delaware. Gov. Jack Markell announced Thursday that ILC Dover will bring the manufacturing operations of Grayling Industries to a new plant near Seaford later this year.
Airbus said it was confident it would not run into the same problems afflicting Boeing Co.'s Dreamliner, related to a type of battery both companies use, but lost the crown as the world's largest plane maker to its archrival despite record deliveries.
General Motors says it will invest $1.5 billion in its North American factories this year. North American President Mark Reuss (ROY-sss) announced the figure in a speech Wednesday night but gave no details. The company says specific plans and job numbers will come later.
Maybe it was the brand new, bright red Chevrolet Corvette gleaming in one corner, or the elegant BMW coupe in the other. But car companies were positively giddy this week as the North American International Auto Show opened in Detroit. They have reason to be. U.S. new car and truck sales reached a five-year high of 14.5M in 2012, and many analysts think they'll climb to 15.5M this year.
The former CEO of a failed artificial sweetener facility waived a preliminary hearing Thursday at which Missouri prosecutors were to have laid out evidence of theft and fraud charges against him, but he will be back in court next week to face a formal arraignment.
Struggling Nokia Corp. is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations. The Finnish firm says it will lay off 300 workers in its IT sector and transfer "some activities and up to 820 employees to strategic partners," India-based HCL Technologies and TATA Consultancy Services, which have operations in Finland.
Pratt & Whitney is marking the final delivery of a military jet engine in what an executive calls a bittersweet event. The subsidiary of United Technologies Corp. and representatives of the Air Force, Lockheed Martin and Boeing will mark the delivery Thursday of the 507th and last F-119 engine for the Air Force's F-22 Raptor at Pratt & Whitney's plant in Middletown.
Boeing's troubles with its newest airplane got worse on Wednesday after an emergency landing prompted Japan's two biggest airlines to ground all their 787s for safety checks. It was the second fire-related incident in two weeks involving the 787's lithium-ion batteries.
U.S. factory production rose in December for the second straight month, buoyed by more output of autos, electronics and business equipment. The Federal Reserve said Wednesday that factory output increased 0.8 percent last month compared with November. That followed a 1.3 percent rise in November, which partly reflected a rebound from Superstorm Sandy.
Transportation of the two-wheeled variety is sharing the floor at the Detroit auto show with the latest cars, trucks and concept vehicles, a nod to the potential marketing boost that bikes may offer for automakers. Some, such as those at Subaru's display, are shown as accessories on vehicles including the Outback wagon that are aimed at outdoor enthusiasts.
It is too soon to say how many, if any, jobs will be lost due to a shift in production of the new Camaro in 2015 from Oshawa, Ont., to a factory in Michigan, General Motors Canada president Kevin Williams said Tuesday. Williams, speaking in an interview from the floor of the Detroit Auto Show, suggested, for example, that an increase in sales of other cars being assembled in Oshawa could take up some the slack.
General Motors expects only a modest increase in pretax profits this year as it rolls out multiple new cars and trucks worldwide. The company also thinks global auto sales will grow modestly this year, driven by the U.S. and China, while European car sales fall.
Japan's Mitsubishi is investing €576 million ($770 million) in developing German offshore wind farms. Netherlands-based grid operator Tennet said Wednesday that Mitsubishi will take a 49 percent stake in the €2.9 billion high-voltage cables linking four offshore farms to the German grid.
Headlights, grilles and other doodads are stepping up and popping out on cars: from daytime running lights that go up the hood of the new Cadillac ATS, to a wide, bold grille on the Ford Fusion, to engraving within the lamps of the new Corvette and Ford Transit. They are inexpensive but distinctive, providing automotive eye candy that can even boost gas mileage or improve safety.
Japan's two biggest airlines grounded all their Boeing 787 aircraft for safety checks Wednesday after one was forced to make an emergency landing in the latest blow for the new jet. All Nippon Airways said a cockpit message showed battery problems and a burning smell was detected in the cockpit and the cabin, forcing the 787 on a domestic flight to land at Takamatsu airport in western Japan.