A firearms manufacturer in New York, partially blaming the state's new gun control law, said Wednesday it's moving its corporate offices — and its plans for expansion — to Pennsylvania. Kahr Firearms Group of Pearl River is the first gunmaker to announce it's leaving because of the Secure Ammunition and Firearms Enforcement Act, which was put into law after closed-door negotiations in January.
Two redesigned Honda Civic models were the only small cars to get the top rating in stringent front-end crash tests performed by an insurance industry group. In all, half of the 12 compact and subcompact cars tested by the Insurance Institute for Highway Safety fared poorly, but six performed well. Safety is critical in the fast-growing small-car market, with many buyers downsizing from larger vehicles.
General Motors will keep the Chevrolet Colorado and GMC Canyon names when it rolls out redesigned midsize pickup trucks next year. The new trucks will be markedly different from the current models, with the Colorado targeted toward people who spend time outdoors and the Canyon aimed at professional buyers, Chief Financial Officer Dan Ammann said Thursday at an auto industry conference.
Federal officials issued safety citations to a steel manufacturing company and proposed more than $117,000 in fines Wednesday. Fifteen safety citations have been issued to the Northport-based Hanna Steel Corp, U.S. Department of Labor officials said. The plant manufactures steel tubing and pre-painted steel.
The European Union is pressing ahead with an investigation of whether China unfairly helps its solar panel makers with government subsidies. The European Commission, the 28-nation bloc's executive arm, had only days ago agreed to a settlement over China's alleged practice of selling its panels below cost, a practice known as dumping. But complaints over Beijing's alleged state subsidies were never settled.
Electric car maker Tesla reported a narrower loss for the second quarter on Wednesday, sparking an after-hours rally in its stock. The Palo Alto, Calif., company reported after the close of trading on Wall Street that it lost $30.5 million, or 26 cents per share, in the April-June period. That compares with a loss of $105.6 million, or $1 per share, a year earlier.
A coroner says a man has died of multiple blunt-force trauma injuries after being caught in a piece of equipment at a northeastern Indiana steel plant. Whitley County Coroner F. Randall Dellinger says 44-year-old Jeffery Flory of Albion died in the accident Monday night at the Steel Dynamics plant in Columbia City, about 20 miles west of Fort Wayne.
Chrysler is investing $52 million at two Michigan plants to build more four-cylinder engines in anticipation of increased demand. The money is going into factories in Trenton and Dundee, Mich., south of Detroit. Almost 300 new jobs will be created at the Trenton North factory.
The auto industry says people under 34 are gradually starting to buy cars again as their economic circumstances improve. After the Great Recession, sales of cars to young people dropped significantly. Fewer of them even bothered to get drivers licenses. Some experts surmised that the group lost interest in cars because of the prevalence of social media.
Honda says it will spend $215 million to expand an engine plant and build two training centers in Ohio. The investment will add about 60 jobs in the state, although 50 of them will come from other Honda operations in North America.
U.S. and Japanese officials are holding talks in Tokyo to overcome obstacles to Japan's ongoing participation in American-led efforts to forge a regional free trade bloc. Acting deputy U.S. Trade Representative Wendy Cutler is heading the U.S. side in talks that began Wednesday on autos, insurance and non-tariff barriers to trade.
Toyota is recalling 342,000 Tacoma midsize pickup trucks to fix a problem with the seat belts. The recall affects the company's Access Cab models made from 2004 to 2011. Toyota says screws that attach part of the seat belts to the mechanism that retracts the belts can come loose. If that happens, the belts may not work properly for the driver or front passenger.
The ALL Erection & Crane Rental Corp. is proud to announce the appointment of Brenton MacDonald as Safety Supervisor of Central Rent-A-Crane, a member of the ALL Family of Companies. In addition to overseeing safety training and implementation of safety programs for Central Rent-A-Crane’s three Indiana locations, MacDonald is also Central’s HSSE Supervisor at the BP Whiting Refinery. The appointment is effective immediately.
Gun manufacturer Remington has asked a federal judge to dismiss a proposed class-action lawsuit by Montanans who bought a type of rifle that can reportedly misfire without the trigger being pulled. Allen Bowker and Eric Huleatt filed their lawsuit in June on behalf of thousands of Montana residents who bought Remington Model 700 bolt-action rifles.
General Electric Co. is permanently scrapping plans to build the largest solar factory in the U.S. near Denver. GE blamed the cancellation on a glut of solar panels on the market and falling prices, The Denver Post reported Tuesday. GE put the project on hold last month.
North Korea said Wednesday it is lifting a ban on operations at a jointly run factory park shuttered since Pyongyang pulled out its 53,000 workers in April amid tensions with South Korea, and the rivals agreed to meet next week for talks meant to restart the complex.
A federal magistrate has set a Wednesday hearing for BP to justify why it has balked at paying more than $130 million in fees to the court-supervised administrator of its multi-billion dollar settlement with Gulf Coast businesses and residents after the company's 2010 oil spill.
Ukraine's Emergency Situations Ministry says an ammonia leak at a chemical plant has killed five people and sickened more than 20. The ministry said that a pipe carrying liquid ammonia depressurized Tuesday at the Stirol plant in the east of the country, causing the release of the chemical. The ministry refused to provide further details.
A Swedish inventor's experiments with a new power source for electric cars caused a bomb scare that paralyzed parts of the Danish capital, Copenhagen, for three hours on Tuesday. Police said unusual wiring, copper pipes and suspicious objects found inside and outside Dan Zethraeus' car led them to believe it contained an explosive device.
General Motors plans to spend another $167 million at its Tennessee factory so it can build two new midsize vehicles. The investment disclosed Tuesday is on top of a previously announced $183 million investment. The spending is expected to create or keep 1,800 jobs, but GM wouldn't say how many new people would be hired.