Ford will update software on 2013 Escape SUVs and Fusion cars to fix a coolant problem that can cause fires. Last month the automaker recalled more than 89,000 of the vehicles after getting complaints about overheating and fires. It urged owners to get loaner cars from dealers until Ford found a fix. Only vehicles with 1.6-liter turbocharged engines are affected.
The CEO of Italian luxury carmaker Maserati is confident that parent company Fiat's €1.2 billion ($1.5 billion) investment to boost production in Italy will bring results despite political instability that once again was endangering the country's financial health.
China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape. Export growth plunged to 2.9 percent over a year earlier from the previous month's 11.6 percent, customs data showed Monday. Imports were flat, down from October's 2.4 percent growth.
Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer Kodak, according to a published report. Bloomberg News reported Saturday that Apple Inc. and Google Inc. have abandoned competing bids for the portfolio to offer a combined $500 million.
Honeywell International Inc. on Monday issued weaker-than-expected 2013 earnings guidance, predicting that the overall global economy will continue to grow slowly next year. The Morris Township, N.J.-based technology and manufacturing conglomerate said it expects to post a 2013 profit of $4.75 to $4.95 per share on $39 billion to $39.5 billion in revenue.
October U.S. manufacturing technology orders totaled $459.16 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 31.3 percent from September and down 0.1 percent when compared with the total of $459.41 million reported for October 2011.
President Barack Obama and House Speaker John Boehner met at the White House to discuss the "fiscal cliff," while rank-and-file Republicans stepped forward with what they called pragmatic ideas to break the stalemate. They agreed not to release details of their weekend conversation, but aides emphasized that the lines of communication remain open.
A conservative Iranian news website says the number of manufacturing companies in the country facing financial crisis has increased four-fold over the past four years to nearly 1,600. The Monday report by tasnimnews.com reflects the impact of Western sanctions against Iran over its disputed nuclear program. The website says the report has been drawn up by a government department but didn't elaborate.
General Motors Co.'s Opel unit said Monday that it plans to end car production at one plant in Germany in 2016, but a slimmed-down factory may continue to make components. Employees at the Bochum plant in northwestern Germany, one of four in the country, were told that vehicle production will end when the company stops making the current Zafira model.
The head of the utility behind Japan's nuclear crisis has acknowledged that hundreds of workers at the contaminated Fukushima Dai-ichi plant were mobilized through a murky hiring system. Tokyo Electric Power Co. President Naomi Hirose attributed the hiring problem to high worker turnover at the worksite.
Bankrupt battery maker A123 Systems Inc. said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for $256.6 million. Wanxiang America Corp. won an auction conducted under the supervision of the U.S. Bankruptcy Court for the District of Delaware.
Milwaukee-based Johnson Controls plans to close a central Kentucky plastics manufacturing plant early next year, potentially putting nearly 400 employees out of work. The Courier-Journal reports that a mass layoff notice filed with the Kentucky Office of Employment & Training on says up to 392 workers could be cut in February.
U.S. hiring gains held steady in November despite disruptions from Superstorm Sandy and employers' concerns about impending tax increases from the year-end "fiscal cliff." Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent — the lowest in nearly four years — from 7.9 percent in October. The rate declined mainly because more people stopped looking for work and weren't counted as unemployed.
The Italian carmaker Fiat says it plans to cut about 1,500 jobs at a factory in Poland due to falling demand for cars on the European market. The layoffs amount to nearly a third of the site's workforce of 5,000. Fiat Auto Poland S.A., the company's Polish subsidiary, said in a statement Friday that the "very negative situation" in the auto market is forcing the cuts at the factory in the southern Polish city of Tychy.
Though the metal edges of its PCs and mobile devices are as sharp and severe as ever, Apple is emerging under Cook's leadership as a kinder corporate citizen. Cook's announcement this week that the company is moving the production of one of its Mac computer lines to the U.S. is just the latest step in a softening of the company's image following the October 2011 death of CEO and co-founder Jobs.
Belarus' authoritarian President Alexander Lukashenko has signed a decree that bans some industrial workers from leaving their jobs, threatening them with draconian fines if they do. Lukashenko's decree, signed Friday, follows a statement he made a week ago on a visit to a wood-processing plant. It's intended to stem the exodus of workers to neighboring Russia, where salaries are higher.
Oregon's stalled effort to reduce greenhouse gases from cars and trucks could get new life soon, as the state pushes for a new pollution-reporting mandate for fuel providers and the Legislature prepares to take a fresh look at the program.
Delta Air Lines is ordering up to 70 regional jets from Bombardier as part of a major shift in the planes it uses for hauling passengers around the U.S. Delta announced a firm order for 40 of the CRJ900 planes on Thursday, and options for 30 more. The deal would be worth $3.29 billion at list prices if Delta exercises the options, although discounts on such a big order are common.
The head of American Crystal Sugar Co. said Thursday that the company is still willing to negotiate with locked-out factory workers, but he didn't think it was a good idea to let them parade around at the company's annual shareholders meeting.
Many motorists don't know it, but it's likely that every time they get behind the wheel, there's a snitch along for the ride. In the next few days, the NHTSA is expected to propose long-delayed regulations requiring auto manufacturers to include event data recorders — better known as "black boxes" — in all new cars and light trucks.