News

Top Pratt & Whitney Exec To Testify On Layoffs

January 13, 2010 3:51 am | Comments

BRIDGEPORT, Conn. (AP) — Pratt & Whitney's top executive is likely to testify in federal court near the end of a series of hearings over the jet engine manufacturer's plans to move 1,000 jobs out of Connecticut. David Hess, president of the East Hartford subsidiary of United Technologies Corp.

Toxco Moves To Prevent Battery Explosion Repeat

January 13, 2010 3:46 am | Comments

TRAIL, B.C. (CP) — A Trail, B.C. battery recycling plant is calling in some outside help to avoid a repeat of a spectacular explosion and fire in November. U.S.-based Toxco, Inc. has retained consultants to provide advice on better building design, evaluate the process of battery receiving, storage and treatment, and prepare a risk management plan.

Asian Automakers Fight To Keep U.S. Market Share

January 13, 2010 3:45 am | by David Runk, Associated Press Writer | Comments

DETROIT (AP) — Asian automakers grabbed their biggest chunk ever of the U.S. car and truck market in 2009, but they'll struggle to build on that momentum this year as rivals in Detroit offer a fleet of efficient, small cars. All automakers that sell cars and trucks in the U.S. will try to woo cautious consumers still nervous about heavy debt, high unemployment and rising gas prices.

White House: Stimulus Has Created 2 Million Jobs

January 13, 2010 3:38 am | by Mark S. Smith, Associated Press Writer | Comments

WASHINGTON (AP) — President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs. The analysis is part of the administration's quarterly report to Congress on the controversial $787 billion package of spending and tax cuts he signed weeks after taking office.

Chinese Manufacturers Unconcerned About Cadmium Dangers

January 13, 2010 3:13 am | by Alexa Olesen and Eugene Hoshiko, Associated Press Writers | Comments

YIWU, China (AP) — For China's low-cost jewelry makers, it was an open trade secret: The metal cadmium is shiny, strong and malleable at low temperatures, regardless of its health hazards. And it's cheap. Despite the risks, manufacturers in factories ringing this city on China's east coast say their top priority is profit.

Detroit Auto Show, Day 2: Tiny Cars, Touchscreens

January 13, 2010 3:12 am | by The Associated Press | Comments

A roundup of news and notes out of the Detroit auto show on Monday: __ Korean car maker to make electric vehicles in U.S. DETROIT (AP) — South Korean electric car maker CT&T said Tuesday it will begin producing electric cars in the U.S. this year. The company makes low-speed two-seaters and golf cart-style vehicles as well as the City EV, which can reach 65 miles per hour and travel up to 70 miles on an electric charge.

China To Investigate Cadmium-Laced Jewelry Exports

January 12, 2010 3:52 am | by Jeremiah Marquez, AP Business Writer | Comments

HONG KONG (AP) — China's product safety agency will look into findings that dangerous levels of cadmium are being used in exports of children's jewelry, a Chinese official said Tuesday following growing concern in the United States about the products. Attending a toy safety conference in Hong Kong, the official said that his agency only just learned of findings in an Associated Press investigation published Sunday and would examine the findings on cadmium contamination.

Dozens Of Chinese Power Plants Nearly Without Coal

January 12, 2010 3:45 am | by Joe McDonald, AP Business Writer | Comments

BEIJING (AP) — Dozens of Chinese power plants are running out of coal and might be forced to shut down this week as bitter winter cold boosts demand and snow hampers delivery of new supplies, state media said Tuesday. Factories have been closed in parts of central China where power demand exceeds supply but analysts said they expected no immediate impact on the economy.

Detroit Auto Show Recap: Everything You Need To Know

January 12, 2010 3:40 am | by The Associated Press | Comments

A roundup of highlights and news out of the Detroit auto show on Monday: Chrysler may rehire workers if sales forecasts met DETROIT (AP) — Chrysler CEO Sergio Marchionne said the automaker will start hiring production workers again if it sells enough cars and trucks. Marchionne said at the Detroit auto show that Chrysler Group LLC is revamping its models and will need more engineering and development workers.

Pelosi: Big 3 Bailout An Automotive 'Renaissance'

January 12, 2010 3:37 am | by Ken Thomas, Associated Press Writer | Comments

DETROIT (AP) — House of Representatives Speaker Nancy Pelosi and top Obama administration officials on Monday defended last year's federal bailout of the auto industry, citing optimism that General Motors and Chrysler had made strides only months after exiting bankruptcy. "What we see here today is a renaissance," Pelosi said.

ABB Plant To Reopen Thursday After Shooting

January 12, 2010 3:35 am | Comments

ST. LOUIS (AP) — The ABB Inc. plant in St. Louis will reopen on Thursday, one week after a disgruntled employee shot and killed three co-workers and injured five others before turning the gun on himself. Employees learned of the reopening on Monday, the same day the first of the victims, 27-year-old Cory Wilson of Collinsville, Ill.

Ford To Invest $450m, Create 1,000 Jobs In Michigan

January 12, 2010 3:29 am | by Tim Martin, Associated Press Writer | Comments

LANSING, Mich. (AP) — Ford Motor Co. announced Monday it will invest another $450 million and create about 1,000 jobs as it further consolidates its electric vehicle program in southeast Michigan. The new jobs are mostly tied to advanced lithium ion battery production, including some work shifted from Mexico to Michigan.

Cadmium-Filled Chinese Jewelry For Kids Sold In U.S.

January 11, 2010 3:53 am | by Justin Pritchard, Associated Press Writer | Comments

LOS ANGELES (AP) — Moving swiftly, U.S. product safety authorities say they are launching an investigation into the presence of the toxic metal cadmium in children's jewelry imported from China after disclosure of lab tests showing that some pieces consisted primarily of the dangerous substance.

WTO To Probe 'Protectionist' Tarriffs On Chinese Tires

January 11, 2010 3:35 am | by Bradley S. Klapper, Associated Press Writer | Comments

GENEVA (AP) — The World Trade Organization will launch an investigation into American import taxes on Chinese tires at a meeting of trade diplomats next week, according to a statement Monday. The dispute focuses on a three-year tariff approved in September by President Barack Obama, which aims to slow China's rapid export growth and protect American jobs in the tire sector.

GM Exec: Will Be 'Solidly Profitable' Once Industry Returns

January 11, 2010 3:34 am | Comments

DETROIT (AP) — General Motors Co. should be "solidly profitable" when demand for new cars and trucks rebounds to normal levels, a top executive said on the eve of the Detroit auto show. Bob Lutz, GM's vice chairman, said during a speech Sunday to the Society of Automotive Analysts that the U.