Bridgestone Corp. has agreed to plead guilty in a price-fixing conspiracy and pay a $425 million criminal fine in a Justice Department investigation that has swept the automotive parts industry.
Merger and acquisition (M&A) activity in the industrial manufacturing sector increased in the second half of 2013, with a 20 percent uptick in activity in the final six months of the year compared to the first half, according to Assembling Value, an annual analysis of global deal activity in the industrial manufacturing industry by PwCUS.
Chinese leaders see auto manufacturing as a driver of economic development. But rapid growth has left Beijing, Shanghai, and other major cities choking on smog. Some cities have responded by limiting the number of new vehicle registrations.
The number of people seeking U.S. unemployment benefits rose 8,000 last week to 339,000, evidence that layoffs ticked up. Still, the increase wasn't enough to suggest the job market is worsening.
The fund will be set up to reward rather than offer subsidies for the prevention and control of air pollution in the key areas, according to a statement released after a Wednesday meeting of the State Council led by Premier Li Keqiang.
Toyota Motor Corp. said Thursday the recall affects the RAV4 sport utility, Tacoma pickup, and Lexus RX 350 luxury model, manufactured from March 2012 through December 2012. Some 260,000 of the vehicles were sold in the U.S.
General Motors is recalling nearly 780,000 compact cars in North America because the engines can shut down unexpectedly and cause crashes. The company says six people have been killed in crashes related to the problem.
The Ivanpah Solar Electric Generating System, sprawling across roughly 5 square miles (13 sq. kilometers) of federal land near the California-Nevada border, formally opens Thursday after years of regulatory and legal tangles ranging from relocating protected tortoises to assessing the impact on Mojave milkweed and other plants.
Inventors say robots could soon replace people at grocery stores, airports, and sports stadiums. Lucy McDonald came face to face with one in Southwest England.
Food recall announcements have become something of a news cycle staple in the past few years. From spinach and peanut butter to chicken and pet foods, there seems to be little left in the U.S. food supply that should not be viewed with at least a modicum of suspicion.
Owners of three-year-old vehicles are reporting more problems than they did a year ago, according to J.D. Power and Associates' annual survey of vehicle dependability. It's the first time since 1998 that the average number of problems per vehicle has increased.
December U.S. cutting tool consumption totaled $138 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology. This total was down 11.7 percent from November’s total and down 3.9 percent from December 2012.
Ford China gallops into the Year of the Horse with record January sales, posting 53 percent growth and sales of 94,466 wholesale vehicles, compared to 61,567 in January 2013.
Airbus announced its second major aircraft order of the Singapore Airshow with a deal Wednesday to deliver 20 of its superjumbo A380s to leasing company Amedeo. The 20 planes are worth about $8.3 billion but list prices are often discounted for big buyers.
A sinkhole collapsed part of the National Corvette Museum in Kentucky on Wednesday, damaging eight cars but not shutting down the building. Six of the cars were owned by the museum and two — a 1993 ZR-1 Spyder and a 2009 ZR1 Blue Devil — were on loan from General Motors.
Indiana's solar power industry added nearly 1,000 jobs last year, an employment surge that boosted the industry's Hoosier job force by 178 percent, according to a report released Tuesday by a solar advocacy group.
High crop prices have put money into farmers' pockets and driven a boom in demand for Deere's tractors and other motorized farm gear. But Deere says demand for farm equipment is "moderating."
A pipeline ruptured at a coal-processing plant Tuesday, sending 108,000 gallons of coal slurry into a Kanawha River tributary, about 18 miles upstream from where a large chemical spill at a different plant tainted drinking water for 300,000 people a month ago.
About 1,500 Volkswagen workers are eligible to cast ballots in a three-day election beginning Wednesday. They'll decide whether the plant becomes the South's first foreign automaker to unionize. But it wouldn't be the UAW's first foray into the state.
Villagers in southwestern China infuriated by a factory that was polluting the environment smashed its offices and equipment, and later clashed with police, underscoring the potential for such concerns to trigger violent unrest.