Toyota Motor Corp. said Thursday it will reduce vehicle output in Japan, the United States and five other countries for six days from next Monday as flooding in Thailand could hamper the supply of auto parts. The leading automaker said it will slash production next week in the seven countries, following the halt of operations at its three factories in Thailand since Oct.
DETROIT (AP) — Rising sales and higher prices helped push Chrysler Group LLC back into the black in the latest quarter, another sign that the once-troubled company is turning around under its new Italian management. The Auburn Hills, Michigan-based Chrysler reported Thursday that its net income was $212 million for the July-September period, its second quarterly profit this year and only the second since 2006.
INDIANAPOLIS (AP) — Reports say a California startup company will create more than 1,000 jobs in Indianapolis LiTEBOX Inc. chief executive Bob Yanagihara told the Indianapolis Business Journal and WRTV-TV on Tuesday that his company expects to hire 1,200 employees, mostly at a 125,000-square-foot factory on the city's northwest side that will produce trucks with giant video screens.
HELSINKI (AP) — Nokia Corp. on Wednesday unveiled its first Windows cell phones, in a bid to recapture lost ground to chief rivals in the tough top-end smartphone market. Nokia's Lumia 800, priced at some euro420 ($580), and Lumia 710 with a price tag of euro270, are the Finnish cell phone maker's first models based on Microsoft Corp.
WASHINGTON (AP) — Companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, a positive sign for the slumping economy. An increase in demand for those types of durable goods suggests businesses are sticking with investment plans, despite slow growth and dismal consumer confidence.
DEARBORN, Mich. (AP) — With its tenth straight quarterly profit under its belt, Ford Motor Co. is becoming a victim of its own success. Ford reported a $1.6 billion profit in the third quarter, down 2 percent from a year earlier but still above Wall Street's expectations. Investors promptly pummeled the company's shares, disappointed by slowing growth, rising costs and the carmaker's decision to hold off on paying a dividend.
ABOARD ANA FLIGHT 7871 (AP) — Boeing's much-anticipated 787 carried its first passengers Wednesday on a four-hour, 8-minute flight filled with cheers, picture-taking and swapping of aviation stories. The new long-haul jet aims to change the way passengers think about flying with larger windows, improved lighting and air pressure and humidity that more closely resembles that on the ground.
DETROIT (AP) — General Motors is recalling more than 36,000 Chevrolet Equinox and GMC Terrain crossover SUVs to fix tire pressure monitors that don't work right. The company says the systems in the 2012 vehicles should warn drivers when tire pressure drops 25 percent below the recommended pressure.
AMARILLO, Texas (AP) — The last of the nation's biggest nuclear bombs, a Cold War relic 600 times more powerful than the atomic bomb dropped on Hiroshima was dismantled Tuesday in what one energy official called a milestone in President Barack Obama's mission to rid the world of nuclear weapons.
TOKYO (AP) — Toyota Motor Corp. is trimming production this week at its group assembly plants in Japan due to a shortage of parts from suppliers in Thailand, where severe flooding has disrupted its supply chain. Toyota official Shiori Hashimoto said Wednesday that Japan's biggest automaker has suspended overtime work from Monday to Friday at four Toyota factories and seven group companies that assemble cars and trucks.
LONDON (AP) — Defense contractor Lockheed Martin has won a 642 million pound ($1 billion) contract to upgrade Britain's Warrior armored vehicles, a decision the British Ministry of Defense said Tuesday would support 600 jobs around the country. Lockheed Martin U.K. said it was delighted to get the contract, and described the upgrades as critical to maximizing the government's investment in Warrior vehicles.
DETROIT (AP) — It looks like Chrysler's new four-year contract with the United Auto Workers union will be approved by workers. Local union president Mark Dickow says factory workers at a Ram truck plant in Warren, Mich., near Detroit voted 70 percent in favor of the deal on Tuesday.
Boeing Co. cut its forecast for deliveries of its two newest jets on Wednesday, even as it reported a $1.1 billion third-quarter profit that was well above expectations. Boeing now says it will deliver 15 to 20 of its new 787s and 747-8s this year. That's 10 fewer than Boeing's previous estimates.
INDIANAPOLIS (AP) — More employers are giving workers the option to tame health insurance costs for next year if they provide a blood sample and reveal details about their health habits. As they present employees with benefits options for 2012, some companies also are offering lower rates to those who quit smoking, lose weight or take other measures to improve their health.
HELENA, Mont. (AP) — The Ash Grove Cement Co. says it plans to furlough workers at its manufacturing plant in Montana City for a third straight winter because of poor economic conditions that continue to affect the industry. The company, based in Overland Park, Kan., said in a news release Monday the furloughs will affect fewer workers than in previous years, with roughly 220 on the national furlough list, compared to 500 in 2010.
DOVER, Del. (AP) — Chemical maker DuPont says strong demand for its agricultural products helped boost third-quarter net income by 23 percent. E.I. DuPont de Nemours & Co. on Tuesday reported net income of $452 million, or 48 cents per share, for the period ended Sept. 30. That's up from $367 million, or 40 cents per share, for the same period a year ago.
TOKYO (AP) — Nissan Motor Co. is aiming to be the world's No. 1 in green cars, targeting cumulative sales of 1.5 million zero-emission vehicles by 2017 with alliance partner Renault SA of France. The Japanese maker of the Leaf electric car announced Monday its six-year strategy, planning a plug-in hybrid by the fiscal year ending March 2017 and reducing carbon dioxide emissions by 20 percent per vehicle compared with 2005 levels.
NAGOYA, Oct. 25 (Kyodo) — NGK Insulators Ltd. has suspended sales of its sodium-sulfur batteries until the cause of a fire in September at Mitsubishi Materials Corp., one of the batteries' corporate users, can be identified, company officials said Tuesday. NGK Insulators is the sole firm worldwide that manufactures sodium-sulfur batteries, known for its capability to store large volumes of electricity.
GRENADA, Miss. (AP) — The Occupational Safety and Health Administration has cited a Grenada, Miss., company for 26 safety violations and has proposed penalties of $113,400. OSHA officials say in a news release that the penalties against Grenada Stamping and Assembly Inc., doing business as Ice Industries Grenada, come from an April inspection following a work-related amputation at the plant.
DETROIT (AP) — Quality should be Job 1 at Ford again. The brand's ranking fell 10 spots in Consumer Reports' annual auto reliability survey, hurt by glitchy touch screens and transmissions. It now ranks 20th out of 28 major brands, based on a survey of the magazine's subscribers.