NEW YORK (AP) — Nissan's new electric car will cost just over $25,000 when it goes on sale in the U.S. in December, aiming to bring gasoline-free technology within reach of mainstream drivers. The Leaf, a four-door hatchback, will have a base price of $32,780, but it's eligible for a $7,500 federal tax credit for electric vehicles.
DETROIT (AP) — Ford Motor Co. will become a player in the small market for luxury hybrids this fall when it launches its first Lincoln hybrid, a gas-electric version of the 2011 Lincoln MKZ. Ford says the hybrid MKZ — to be introduced Wednesday at the New York International Auto Show — will be the most fuel-efficient luxury sedan on the market, getting an estimated 41 miles per gallon in city driving.
NEW YORK (Kyodo) — Toyota Motor Corp's U.S. sales rocketed about 35 percent in March from a year before after Japan's top automaker offered sharp discounts to lure back consumers after massive recalls, U.S. media reported Tuesday. The forecast was provided by Jim Lentz, president of Toyota Motor Sales U.
FAYETTEVILLE, N.C. (AP) — Sheriff's deputies have arrested nine employees at a North Carolina tire plant on drug charges after an undercover investigation prompted by employees' concerns. The Fayetteville Observer reported Wednesday that agents posing as Goodyear Tire & Rubber Co.
Fresno, Calif. (AP) — A Federal appeals court has ordered a new trial for nearly two dozen women who were laid off from a Fresno plant for failing to get a perfect score on an English-only skills test. The workers had sued NIBCO Inc., an Indiana-based irrigation systems manufacturer, in 1999.
ELKHART, Ind. (AP) — A northern Indiana recreational vehicle manufacturer is expanding its Elkhart operations and plans to hire up to 265 new workers by 2013. Heartland Recreational Vehicles LLC announced Monday that it will invest more than $2.6 million to buy and equip a 125,000 square-foot manufacturing complex in Elkhart.
TOYOTA, Japan (AP) — Toyota promised to respond faster to customer complaints as it held its first meeting of a quality experts committee set up to help salvage a reputation battered by massive recalls and reports of runaway vehicles. Toyota Motor Corp. appointed chief quality officers in key regions — including North America — where the biggest problems have surfaced to convey customer complaints quickly to its headquarters.
CASCADE LOCKS, Ore. (AP) — Foes of a proposed Nestle Waters North America bottling plant in Cascade Locks, Ore., on Monday handed state wildlife officials petitions bearing 3,700 signatures of people against the project. Nestle's plan is to tap a nearby spring that supplies an Oregon Department of Fish and Wildlife hatchery.
NEW YORK — Multinational manufacturers are increasingly focused on accessing the growing China market while the number of companies viewing China purely as an export base continues to decline, according to the third annual China Manufacturing Competitiveness survey, jointly conducted by the American Chamber of Commerce in Shanghai (AmCham Shanghai) and management consulting firm Booz & Company.
BEIJING (AP) — Chinese automaker Zhejiang Geely Holding Group expects to spend hundreds of millions of dollars beyond the $1.8 billion purchase price for Volvo Cars to make the Swedish car company profitable, Geely's chairman said Tuesday. Geely is projecting a total tab of $2.7 billion for its takeover of Volvo, with money beyond the purchase price to be spent on expanding production, chairman Li Shufu told reporters.
FORT WAYNE, Ind. (AP) — Making ice cream is no cake walk. Some time ago, an Edy's Grand Ice Cream job candidate was asked what he thought working at the Fort Wayne plant would be like. The description smacked of Willy Wonka. "He thought there were these huge mixing bowls with guys standing on ladders stirring the ice cream with large wooden spoons," said Gaylord Brooks, a production floor leader and 15-year veteran at the local Edy's plant.
TOKYO (AP) — Toyota will provide its key hybrid technology to Mazda under a licensing agreement reached Monday, the two companies said. Toyota Motor Corp., the world's leader in hybrids, will supply Mazda Motor Corp. the key components of its hybrid system used in the top-selling Prius, the two companies said in a joint statement.
AUSTIN, Minn. (AP) — Hormel Foods Corp. officially opens its new $80 million plant in Dubuque, Iowa Tuesday — the first plant the company has built from the ground up in more than a decade. The plant has been operating for a couple months, but will host a grand opening. It's already producing microwaveable meals.
SHANGHAI, China — A Chinese court slapped four employees of mining giant Rio Tinto with jail terms of seven to 14 years on bribery and commercial secrets charges, unexpectedly harsh sentences that include a decade of imprisonment for Australian Stern Hu. The punishment for Hu was a "very tough sentence," Australia's foreign minister said after the verdict was read out Monday by the lead judge at the Shanghai People's Intermediate Court.
BEIJING, March 28 (Kyodo) — A suspect caught in the poison dumpling case, which caused anxiety in Japan over the safety of foods imported from China, has admitted during questioning earlier this month that he tainted the food with pesticide, the Ministry of Public Security said Sunday.
DEARBORN, Mich., March 28 /PRNewswire-FirstCall/ -- Ford Motor Company (NYSE: F) announced it has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited. The sale is expected to close in the third quarter of 2010, and is subject to customary closing conditions, including receipt of applicable regulatory approvals.
STOCKHOLM (AP) — A spokesman for Volvo Cars says that China's Zhejiang Geely Holding Group could sign a binding deal to buy the Swedish automaker from Ford Motor Co. this weekend. Geely and Ford have earlier said that they expect to pen it by the end of March. Volvo spokesman Per-Ake Froberg said Friday that the deal could be reached on Sunday, "but it's not set in stone yet.
WASHINGTON (AP) — The burst of energy the economy showed at the end of last year isn't likely to be repeated anytime soon. The Commerce Department reported Friday that the economy grew at a 5.6 percent pace in the October-to-December quarter in its third and final estimate of economic activity during the period.
TOKYO (AP) — Toyota said Friday it is stopping production at its factories in France and Britain for a total of nine days amid falling sales that the company partly attributed to its recent recall woes. The world's No. 1 automaker will suspend output at it plant in France for four days starting April 6, said spokeswoman Ririko Takeuchi.
FRANKFURT (AP) — Siemens AG expects demand for products from its industrial division to stabilize this year after the economic downturn hit spending on big-ticket items, the Munich-based company said Friday. Assuming there is a steady economic recovery, new orders in the sector should reach the level of the company's 2009 fiscal year, which ended in September, Siemens said.