Joe Hinrichs was named Ford Motor Co.'s president of the Americas one year ago, after a three-year stint as head of Ford's Asian operations. Here's what Hinrichs told The Associated Press on the sidelines of the Los Angeles Auto Show this week:
Job postings rose 69,000 to a seasonally adjusted 3.9 million, the Labor Department said Friday. That's the most since March 2008, just a few months after the Great Recession began. It's also close to the roughly 4 million job openings each month that are consistent with healthier job markets.
A new $110 million energy research center dedicated by Clemson University will not only help develop a new generation of wind energy but will strengthen the grid by which electric power is distributed, U.S. energy and university officials said.
A draft text presented Friday, the last scheduled day of the two-week conference in Warsaw, gave only vague direction on when countries should present their targets for restricting carbon emissions. That's a key element of the deal that's supposed to be adopted in Paris in 2015.
The leaked oil triggered two huge blasts, one of them tearing up concrete along a city road in Qingdao. Photos posted online showed ripped slabs of pavement, bodies, overturned vehicles and shattered windows in nearby buildings. Black smoke rose above gigantic fuel silos and darkened much of the sky.
More places to "refuel" would diminish worries of getting stranded with a dead battery, and widespread adoption of the cars would help the state meet ambitious air quality goals. Instead of Californians plugging in, however, progress has been plugged up: 110 of the 1,040 stations that NRG committed to installing by early December are ready.
A jury Thursday found manufacturer Advance Cast Stone mainly responsible for the collapse of a Milwaukee parking garage panel that killed a teenager and injured two others in 2010.
Honda's line of Accords won the 2014 "Green Car of the Year" award from an auto industry magazine Thursday at the Los Angeles Auto Show. In recent years, Green Car Journal honored cars whose selling points were emerging technologies including natural gas, electric and clean diesel.
California on Thursday adopted new flammability standards for furniture and other products that would allow manufacturers to stop using chemical flame retardants. Gov. Jerry Brown said the new standards were a badly needed update to nearly 40-year-old rules.
Ford Motor Co. says it will spend $150 million to upgrade its Buffalo-are plant and add 350 jobs, which would push employment to just under 1,000. The automaker has a stamping plant in the suburb of Hamburg, where pieces of metal called blanks are stamped into hoods, floor panels and other car parts.
Three executives in Japan's automotive parts industry have agreed to plead guilty to a price-fixing conspiracy and two more have been indicted in the U.S. investigation, the government said Thursday. The plea agreements filed in Detroit and the indictment filed in Toledo were announced Thursday by the U.S. Department of Justice.
A jury has added $290 million more to the damages Samsung Electronics owes Apple for copying vital iPhone and iPad features, bringing the total amount the South Korean technology titan is on the hook for to $930 million.
A food-processing company has pushed back the date for restarting a closed factory in eastern Indiana where it plans to eventually have 400 workers. The company had planned to begin limited production at the plant in July 2014, but has delayed that until early 2015.
The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market.
The measures were among three energy bills the House is considering this week as Republicans who control the chamber push to expand an oil and gas boom that's lowered prices and led the U.S. to produce more oil last month than it imported from abroad.
Overall, confidence in the equipment finance market is 56.9, an increase from the October index of 54.0, demonstrating an overall steady industry outlook despite continuing concerns about the U.S. economy and the negative impact of federal government fiscal policies.
Officials say Bangladesh will begin inspecting its export-oriented garment factories to assess the building structures and how safe they are from fire and electrical accidents. The Labor Ministry said Thursday that the Bangladesh University of Engineering Technology will inspect the factories using standards accepted by the government, factory owners and international buyers.
The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the company's storied history. The Treasury Department, in a statement issued Thursday, said it still owns 31.1 million shares of the auto giant, less than 2 percent. It plans to sell the shares by Dec. 31, as long as the price holds up.
Twenty-five pharmaceutical companies will pay the Louisina $88 million to resolve allegations they charged Louisiana's Medicaid program too much for their drugs, the final settlement reached in a 2010 lawsuit filed by Attorney General Buddy Caldwell.
Missouri’s resurgent automotive industry is bringing another leading automotive parts supplier and more jobs to the Kansas City region, Gov. Jay Nixon announced. Grupo Antolin North America will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs.