Volkswagen Group of America expects U.S. sales to keep growing for the next five years, although its chief executive is tempering expectations a little. The group has seen blistering growth in the U.S. since 2007, when it set lofty goals for sales of the Volkswagen, Audi and Bentley brands.
Nearly a year after race car driver and car designer Carroll Shelby died, his spirit lives on in a 2013 Ford Mustang with the most powerful series production V-8 in the world and unmistakable Shelby Mustang styling. With a top speed of 200 miles per hour, the 2013 Ford Shelby GT500 Coupe is breathtaking, even daring, to drive.
Mitsubishi Motors says a battery in a plug-in hybrid Outlander vehicle heated up and melted. No one was injured. Separately, the Japanese automaker said Wednesday a battery for i-MiEV electric cars caught fire at an auto-assembly plant, but that no one was injured.
The U.S. Environmental Protection Agency announced Tuesday that it has reached a settlement worth at least $21.5 million with aerospace supplier Goodrich Corp. that will require the company to clean up a Southern California industrial site where chemicals contaminated the water supply.
The West Virginia Senate Finance Committee has endorsed Gov. Earl Ray Tomblin's plan to eliminate state tax credits for electric cars and other alternative fuel vehicles. Tomblin's bill was briefly overhauled by the Senate Transportation Committee earlier this week, before being restored by the Finance Committee on Tuesday.
Honda Motor Co. said Wednesday it will start producing motorcycles at a new plant in Kenya later this year amid expectations of growth in local demand. Honda has set up Honda Motorcycle Kenya Ltd. for sales and production of motorcycles in Nairobi, becoming the company's third local subsidiary in Africa following one each in South Africa and Nigeria.
The Jeep Cherokee is back, with a surprising design that could win some new buyers but lose some old fans. The 2014 Cherokee midsize SUV makes its debut Wednesday at the New York International Auto Show. The remake is so radical that observers might not realize it's a Jeep.
Gains in housing and manufacturing propelled the U.S. economy over the winter, according to reports released Tuesday, and analysts say they point to the resilience of consumers and businesses as government spending cuts kick in. Demand for longer-lasting factory goods jumped 5.7 percent in February, the biggest increase in five months.
Mississippi lawmakers are considering giving a development agency the capacity to use $100 million in bonds toward the construction of buildings for suppliers of Nissan Motor Co.'s Canton plant. Two Senate committees voted Tuesday in favor of Senate Bill 2920.
United Technologies Corp. is selling a former Goodrich Corp. electric power systems business for about $400 million to French aerospace manufacturer Safran SA. The U.S.-based aerospace conglomerate announced the sale Tuesday. The sale is the second of two divestitures required by U.S. regulators as a condition of United Technologies' $18.4 billion purchase of Goodrich, a manufacturer of airplane parts.
BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 said Tuesday that its recent discovery of missing cement samples was the result of a "simple misunderstanding," not an attempt to withhold crucial evidence.
Shipments for the U.S. industrial valve industry will grow 3 percent in 2013, increasing to nearly $4.3 billion, according to figures released by the Valve Manufacturers Association as part of its annual market forecast. The increase marks the fourth consecutive year of growth following the recession, and exceeds the industry’s previous 10-year peak in 2008.
Air Cycle Corporation is very pleased to announce that as of March, 2013 our customers have kept over 3 million acres of water free from mercury contamination through their waste recycling efforts.Just one gram of mercury released into the atmosphere from wastes such as fluorescent lamps and spent electronicscan, over time, contaminate the fish in a 20-acre lake.
A consortium of about 40 companies is working with the Oak Ridge National Laboratory to develop a cheap form of carbon fiber that can be used to replace steel in manufacturing. The lab used a $35 million grant from the U.S. Department of Energy to build a manufacturing demonstration facility to improve carbon fiber technology.
Shares of Boeing Co. climbed to a multiyear high Tuesday after the company reported a smooth test flight of its new 787 passenger jet and the U.S. government reported that a surge in commercial aircraft sales lifted durable goods orders. Boeing shares rose $1.67, or 2 percent, to $86.52 in midday trading after hitting a high of $86.84 earlier in the session.
The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges, officials said Tuesday. Bruce Cole was released Monday after the cash bail was paid, Randolph County jail officials said.
A pair of outside consultants on Monday offered mixed reviews of Gov. Mike Beebe's proposal to provide a company with $125 million in state financing to build a steel mill in the northeast part of the state. Consultants from IHS Global Insights told a special meeting of lawmakers that it's a "close call" whether the state would see a positive return on the millions of dollars it's proposing to spend to lure the project to Arkansas.
Bismarck-based MDU Resources Group Inc. and Indianapolis-based Calumet Specialty Products Partners have broken ground for a diesel refinery in North Dakota. The $300 million Dakota Prairie Refinery on 318 acres west of Dickinson will process up to 20,000 barrels of oil daily.
Hawaiian Airlines said it has signed a purchase agreement with Airbus to buy 16 new planes as part of a plan for expanded routes between the islands and the West Coast. The Hawaiian Holdings Inc. unit said the deal comes after the airline reached key labor agreements with its pilot and flight attendant unions on the new single-aisle A321neo planes.
General Motors Co. is making an attempt to shake up Buick's image as a car for older buyers with freshened up versions of its Regal midsize sports sedan and the LaCrosse large luxury car. GM unveils the pair Tuesday ahead of the New York auto show.