DETROIT (AP) — General Motors' U.S. car and truck sales jumped 27 percent in April as the economy continued to improve and $4 a gallon gasoline pushed buyers into more fuel-efficient vehicles. The largest U.S. car company sold 232,538 vehicles last month, led by a shift to small cars and crossover vehicles.
Chrysler Group LLC CEO Sergio Marchionne said Monday that the company will lose production of 50,000 to 100,000 vehicles this year because of the March 11 earthquake in Japan. Chrysler uses components that are made in that nation. Chrysler has cut overtime at plants in Canada and Mexico to conserve parts.
DETROIT (AP) — U.S. sales of cars and trucks are expected to rise 19 percent in April as customers worried about shortages of Japanese cars rushed to buy the models they wanted. Automakers will release monthly sales results starting around 11 a.m. EDT Tuesday. In March, sales jumped 17 percent from a year earlier to 1.
KANSAS CITY, Mo. (AP) — Kansas City police arrested more than 50 people protesting at the construction site of a Honeywell plant that will build parts for nuclear bombs. Police say the protesters were arrested Monday after marching toward the gates of the site in south Kansas City.
WASHINGTON (AP) — Businesses likely purchased more machinery, computers and other manufactured goods, boosting U.S. factory orders in March. The consensus view of economists surveyed by FactSet is that U.S. factory orders rose 1.8 percent in March. The Commerce Department will release the new report at 10 a.
STOCKHOLM (AP) — A small, privately owned Chinese automaker on Tuesday saved Sweden's Saab Automobile from imminent collapse through an agreement to provide $223 million (euro150 million) in funds for the ailing brand. Saab's owner Spyker Cars said Hawtai Motor Group will take an initial 30 percent stake in Spyker in the deal which also includes joint ventures on manufacturing, technology and distribution.
DETROIT (AP) — Honda Motor Co. is expanding a recall so it can check the driver's air bags on another 833,000 vehicles for a possible defect. The automaker said it's adding the vehicles to a previous recall because some may have had faulty air bags installed when they were fixed after a crash.
DALLAS (AP) — Southwest Airlines Co. closed its $1 billion purchase of AirTran on Monday, securing its spot as one of the biggest domestic airlines. For travelers, nothing much changes right away. They'll continue to deal with whichever airline sold their ticket. And policies such as checked bag fees are not changing right away.
CLARKSVILLE, Tenn. (AP) — Severe flooding last year that washed away the city of Clarksville's wastewater treatment plant's ability to operate has also hastened a needed reconstruction of the facility. With repairs to the plant and needed new construction, the city will essentially build a new facility, said Pat Hickey, the head of Clarksville Gas and Water.
NEW YORK (AP) — Oil prices are rising again after falling below $111 a barrel on news that U.S. forces killed al-Qaida leader Osama bin Laden. Benchmark oil for June delivery rose 24 cents to $114.17 a barrel in Monday morning trading on the New York Mercantile Exchange. In London, Brent crude gained 48 cents at $126.
DETROIT (AP) — Honda Motor Co. warned its U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts supply shortages caused by Japan's earthquake. Honda will significantly cut production of the new 2012 Civic, the sixth most popular car in the U.
PRINCE GEORGE, Va. (AP) — Rolls-Royce is opening a new advanced manufacturing and research facility in Prince George County. Gov. Bob McDonnell joined company executives, and local and state officials for the opening of the facility on Monday. The aircraft engine maker said the 180,000 square-foot facility will manufacture one of the most critical engine components.
STOCKHOLM (AP) — Spyker Cars NV said Monday it has secured $88 million (euro59.1 million) in short-term funding for Saab and aims to restart production at the troubled automaker's plant within a week. The company, which bought Saab out of liquidation from General Motors Corp. in January 2010, says it signed a euro30 million convertible loan with investment fund Gemini and will also make a drawdown request to the European Investment Bank for euro29.
LOS ANGELES (AP) — An Italian citizen who ran a California valve company has pleaded guilty to taking part in a conspiracy to bribe foreign government officials and businessmen. The U.S. attorney's office says in a statement that Control Components Inc. Vice President Flavio Ricotti of Bientina, Italy, pleaded guilty Friday to violating the Foreign Corrupt Practices Act and the Travel Act.
BEIJING (AP) — China's manufacturing sector eased in April, a survey showed Sunday, suggesting that the government's efforts to cool the economy may be having some effect. The state-affiliated China Federation of Logistics and Purchasing reported that its purchasing managers index, or PMI, fell to 52.
CAMBRIDGE, Massachusetts (AP) — The founder of audio technology company Bose Corp. is donating most of the privately held firm's stock to the Massachusetts Institute of Technology. MIT is the alma mater of Amar Bose, who at 81 remains the company's chairman and technical director. The Cambridge-based school said on Friday that it will receive annual cash dividends on the shares, when they're paid by Bose Corp.
WASHINGTON (AP) — Manufacturing activity probably increased in April for the 21st straight month, but at a slower pace than in March. Economists forecast that the Institute for Supply Management's index of manufacturing activity will drop to 59.6 in April from 61.2 in the previous month. That would be the second straight drop, a sign the manufacturing sector is cooling off after expanding in February at the fastest rate in nearly seven years.
WASHINGTON (AP) — A group of General Motors employees in Ohio is suing the company and the United Auto Workers, alleging that GM has unfairly denied them full pay and benefits and the union has not fought for them. Twenty-eight employees of GM's Lordstown, Ohio, factory say they have been improperly classified as temporary employees since being hired in October 2006.
DETROIT (AP) — Chrysler has turned its first profit since leaving bankruptcy two years ago. The company reported first-quarter net income of $116 million and revenue of $13.1 billion on Monday. The profit is a milestone in Chrysler's long road back to health after its 2009 bankruptcy. It last reported a net profit in 2006.
SHANGHAI (AP) — Chinese telecommunications equipment maker ZTE Corp. has countered accusations by rival Huawei Technologies of violations of its patent and trademark rights by suing Huawei for alleged infringements of its mobile phone technology. ZTE said in a statement Friday that it plans to use all legal means to protect its own intellectual property rights.