WASHINGTON (AP) — President Barack Obama is drawing attention to the auto industry's rebound, visiting a Chrysler plant in politically important Ohio as he seeks to highlight a rare bright spot in the sluggish economic recovery. Obama was to travel to Toledo on Friday, making the latest in a string of domestic trips to promote his economic agenda and defend the much maligned government bailouts to Chrysler and General Motors.
TOKYO (AP) — Mazda Motor Corp. plans to leave its joint venture with Ford Motor Co. and stop building cars in the U.S., the Nikkei financial daily reported Friday. Mazda and Ford operate the AutoAlliance International plant in Michigan as a 50-50 partnership. Citing unnamed company sources, the Nikkei said Mazda is considering selling its stake to Ford as the Japanese automaker tries to restructure its global production.
WASHINGTON (AP) — American employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. The Labor Department report offered startling evidence that the U.S. economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt U.
DETROIT (AP) — Chrysler Group LLC, newly profitable and confident in its revamped products, will soon sever its ties with the U.S. government after most — but not all — of the bailout loans it got two years ago are repaid. Italian automaker Fiat SpA agreed late Thursday to buy the U.
NORCROSS, Ga. (AP) — RockTenn Co. will close three corrugated container plants that it picked up in its acquisition of Smurfit-Stone, the packaging manufacturer said Thursday, as it eliminates redundant operations to cut costs The plants in Birmingham, Ala., Jonesboro, Ark., and Santa Fe Springs, Calif.
COLUMBUS, Ohio (AP) — Hal Shimp didn't want a traditional send-off after death. He didn't want a big, somber service, and he certainly didn't want to be buried. When the 91-year-old World War II veteran died in February after a cancer battle, his body tissue was dissolved using heat and lye, turning it into a liquid that could be poured down a drain and a dry bone residue given to relatives, who plan to scatter it when they plant a tree in his honor.
DEARBORN, Mich. (AP) — Ford Motor Co. plans to introduce its smallest engine ever by 2013, part of the race to improve fuel economy across the industry. Ford said Thursday it's working on a one-liter, three-cylinder engine that will be available in small cars globally. Ford didn't say which cars will get the engine, but it plans to release more details this fall.
WASHINGTON (AP) — Fewer people applied for unemployment benefits last week, but applications remain stuck at a level that signals weak job growth. The number of applications for unemployment benefits dropped by 6,000 to a seasonally adjusted 422,000, the Labor Department said Thursday. It was the third drop in four weeks.
GALLATIN, Tenn. (AP) — Two employees have died from injuries received in a fire at a Gallatin factory, bringing the total number of workers killed in accidents at the Hoeganaes Corp. plant this year to four. Meanwhile, investigators said Wednesday evening they have reached no definitive conclusions about the cause of three accidents at the facility this year.
WASHINGTON (AP) — Businesses cut back on their orders for heavy machinery, computers and autos in April, partly because the March earthquake in Japan has made components parts harder to come by. Orders to U.S. factories fell 1.2 percent in April and a measure that signals business investment dropped 2.
INDIANAPOLIS (AP) — Indianapolis Motor Speedway has not changed its master plan in the last century. It is still a test facility at heart. Engineers have spent 100 years improving engines, modifying fuel mixtures, and designing new safety features, and now the 2.5-mile is ready to roll into its second century as a high-tech proving ground for the American automotive industry.
DETROIT (AP) — Toyota says its U.S. sales fell 33 percent in May because of earthquake-related vehicle shortages. Toyota said sales of all Toyota and Lexus cars but one — the new Scion tC — declined from last May. Among SUVs and trucks, only the Tacoma pickup saw sales increase over last May.
BATON ROUGE, La. (AP) — A federal judge has declined to reduce the $1 million fine and $2 million in restitution he ordered paid by a Colorado company that admitted partial responsibility for the death of a Baton Rouge plant worker. On Tuesday, Chief U.S. District Judge Ralph E. Tyson said Chemical & Metal Industries Inc.
DETROIT (AP) — U.S. auto sales cooled off in May after setting a torrid pace earlier in the year. General Motors' sales fell 1.2 percent as it offered fewer deals to customers and cut sales to rental car companies. The largest U.S. car company says it sold 221,192 vehicles last month, led by smaller, more fuel-efficient models.
DENVER (AP) — Federal prosecutors say Xcel Energy knew of workplace safety violations that led to the death of five workers. A defense attorney Wednesday shot back that it was an Xcel contractor that violated regulations and called the deaths an accident. Xcel Energy and a subsidiary, Public Service Company of Colorado, are each charged in federal court with five counts of violating Occupational Safety and Health Administration regulations for the October 2007 fire inside a water tunnel at the Cabin Creek hydroelectric plant near Georgetown, Colo.
WASHINGTON (AP) — The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry. In a report from the president's National Economic Council, officials said that figure is down from the 60 percent the Treasury Department originally estimated the government would lose following its $80 billion bailout of Chrysler and General Motors in 2009.
STOCKHOLM (AP) — Chinese investor Pang Da has placed a $22 million (€15 million) cash order for 630 cars from Spyker NV's ailing unit Saab, the Swedish car maker said Wednesday. The new order comes after an earlier one for 1,300 vehicles as part of last month's pact under which Pang Da agreed to buy a 24 percent stake in the Dutch company for €65 million.
SHANGHAI (AP) — China's manufacturers suffered sluggish growth in orders in May as widespread power shortages and inflation-fighting curbs on credit dampened demand, surveys showed Wednesday. The China Federation of Logistics and Purchasing said its purchasing managers index fell to 52 from 52.
TOKYO (AP) — The Japanese government wants the country's suit-loving salarymen to be bold this summer. Ditch the stuffy jacket and tie. And for the good of a country facing a power crunch, go light and casual. Japan's "Super Cool Biz" campaign kicked off Wednesday with a government-sponsored fashion show featuring outfits appropriate for the office yet cool enough to endure the sweltering heat.
GALLATIN, Tenn. (AP) — An employee injured in a fire at a Gallatin chemical plant last week has died. Eric Hulsey is the third employee killed in accidents at the Hoeganaes (HAY'-gan-eez) Corp. plant this year. A spokeswoman for Vanderbilt University Medical Center told The Tennessean that Hulsey died on Tuesday evening.