Toyota is recalling about 150,000 Tacoma midsize pickups in the U.S. because the spare tires can fall from beneath the trucks. The recalled trucks from the 2001 to 2004 model years were sold or registered in 20 cold-weather states and Washington, D.C.
Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government.
Twinkies, Ho Hos, and Wonder Bread are up for sale now that a bankruptcy judge cleared the way for Hostess to fire 18,500 workers and wind down operations. A last-ditch effort to end a strike with Hostess' bakers union failed and Judge Robert Drain approved the company's request to shut down its business and sell the pieces to the highest bidder.
Tucked away just miles from the railroads that for years have transported goods made in Virginia to the rest of the world, a recently opened research facility in Prince George County is bringing together universities and industry in an effort to help the state — and the country — regain its manufacturing roots.
Global automakers and their Chinese rivals put on sleek displays of new cars at a major auto show Thursday in Guangzhou, the southern Chinese stronghold of Japanese brands that have been hard hit by tensions between Tokyo and Beijing. Nissan Motor Co., Toyota Motor Corp. and Honda Motor Co. were among the dozens of brands showcasing new vehicles at the auto show, the first major marketing event since the tensions flared in September.
A new Harvard Business School (HBS) survey reveals serious concern about America’s competitiveness trajectory, but wide agreement between liberals and conservatives on the policy imperatives that Congress and President Obama should advance following the election.
Hostess Brands Inc., the maker of Twinkies and other snack cakes, said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge in White Plains, New York, will decide if the company can shutter its operations.
The National Highway Traffic Safety Administration says the housing around the fuel pump can crack and leak gasoline. No fires or injuries have been reported, but the safety agency has received 28 complaints from owners of the bikes. At least two owners say that gas soaked their pant legs.
Toshiba Corp. unveiled a robot Wednesday that the company says can withstand high radiation and help in nuclear disasters. But it remains unclear what exactly the new machine will be capable of doing if and when it gets the go-ahead to enter Japan's crippled Fukushima Dai-ichi nuclear plant.
Japan logged its fourth straight monthly trade deficit in October as the European debt crisis and strained business ties with China over a territorial dispute reduced exports. The Ministry of Finance said Wednesday that imports exceeded exports by 549 billion yen ($6.7 billion), the biggest deficit for October since at least 1979, when the ministry began keeping comparable records.
A Delaware bankruptcy judge on Tuesday approved a request by failed steelmaker RG Steel to pay $767,000 under a retention program to keep about 20 key employees on the job through the end of the year as the company finishes liquidating its assets.
Deere & Co., the world's largest maker of agricultural equipment, reported a bigger fourth-quarter profit as it sold more equipment at higher prices, but results still missed analyst expectations. Deere's revenue got a boost from a 4 percent increase in prices, although some of that gain was offset by unfavorable foreign currency exchange that hurt sales by 3 percent.
The tasty cream-filled golden spongecakes known as Twinkies won't die that easily after all. Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
A bankruptcy judge sided Monday with a group of current Hawker Beechcraft customers who balked at a move by the Kansas plane maker to immediately sell off its inventory of discontinued Hawker 4000 jet aircraft at substantial discounts as part of the company's bankruptcy proceedings.
GE is buying 2,000 plug-in hybrid cars from Ford for its corporate fleet. Ford and GE announced the purchase Tuesday. GE has set a goal of converting half its fleet to alternative energy vehicles. With the Ford purchase, GE now has 5,000 alternative-fuel vehicles, or about 10 percent of its fleet.
Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC."
Ford is bringing its smallest engine to the U.S. in the race to meet stricter government fuel economy rules. The company says the 2014 Fiesta will be the first North American vehicle to get Ford's new 1-liter, three-cylinder EcoBoost engine when it goes on sale next year. The 1-liter has been sold in the European version of the Focus sedan since March.
Fire and smoke rise as Dallas and Garland fire crews pour water onto storage tanks near where a chemical fire burns off at the Nexeo Solutions plant in Garland, Texas, on Friday, Nov. 16, 2012. Fire Capt. Merrill Balanciere says it's still unclear what caused the fire, but the flames were fueled by highly flammable toluene and methanol. All 41 workers who were at the plant at the time of the fire are safe.
Two years after a wounded General Motors returned to the stock market, the symbol of American industrial might is thriving again. Sunday marks the anniversary of GM's initial public stock offering in November 2010. The company has made money for 11 straight quarters, piling up more than $16 billion in profits. Its cars and trucks are selling for good prices. And sales are strong in China.
Hawker Beechcraft has asked a bankruptcy court to allow it to renege on warranties and other support obligations for its discontinued Hawker 4000 and Premier I and IA business jets, saying that support for those aircraft could cost it tens of millions of dollars.