September 9, 2009 SHANGHAI (AP) — Geely Group, one of China's main independent automakers, is considering bidding for Ford Motor Co.'s Volvo Cars unit in alliance with an unnamed investment partner, a company spokesman confirmed Wednesday. Geely, based in the eastern city of Hangzhou, is among several Chinese automakers that reportedly have shown interest in the Swedish automaker, though company officials had earlier denied such reports.
September 9, 2009 HONG KONG (AP) — International air travel, whacked by the economic downturn, is starting to stabilize but may not recover until 2011 as companies and passengers continue to scale back, executives at aviation giants Boeing Co. and Airbus SAS said Wednesday. Passenger travel, somewhat better so far in the second half of 2009 than in the first, was still expected to slump between 6 percent and 8 percent for the year, said Randy Tinseth, a Boeing vice president for marketing.
September 9, 2009 TOKYO (AP) — Mitsubishi Motors Corp. is hiring 1,300 workers in Thailand, the latest sign of a global auto recovery, coming a day after Toyota announced it was adding 800 employees in Japan. Mitsubishi, Japan's fifth biggest automaker, said Wednesday it's hiring the workers for its two auto assembly plants and one engine plant in Thailand.
DES MOINES, Iowa (AP) — The owner of a northwest Iowa egg hatchery where a video shows unwanted chicks being tossed alive into a grinder says an independent investigation found animal welfare policy violations at the plant. But West Des Moines-based Hy-Line North America said in a Tuesday statement that it won't release further details.
NORTHFIELD, Ill. (AP) — Kraft Foods Inc. said Wednesday it plans to focus on higher-margin, priority brands to boost productivity in Europe and will continue to cut costs as the food maker hopes to continue expanding worldwide. Kraft, which recently made a $16.7 billion offer for Cadbury PLC, said it will focus on brands such as Milka and Cote d'Or chocolates; Oreos and Mikado biscuits; Carte Noire and Kenco coffee; and Philadelphia cream cheese.
FRANKFURT (AP) — General Motors Co.'s board begins a two-day meeting in Detroit on Tuesday with European labor organizations pressing for a decision on the fate of its European unit Opel, where thousands of German jobs are on the line. A person familiar with the meeting said GM's board won't make any decision about the automaker, whose brands also include Britain's Vauxhall, until Wednesday.
HUNTINGTON, W.Va. (AP) — A factory employee is being treated for exposure to a toxic chemical and about 200 people were ordered to stay indoors after a leak from a railroad car in West Virginia. Fire officials say three businesses also were evacuated Tuesday morning in the Ohio River city of Huntington.
CINCINNATI (AP) — President Barack Obama declared Monday that modern benefits like paid leave, minimum wage and Social Security "all bear the union label," as he appealed to organized labor to help him win the health care fight in Congress. "It was labor that helped build the largest middle class in history.
TOKYO (AP) -- Toyota is hiring 800 contract workers in Japan in its first such job increase in more than a year amid signs of a global recovery led by brisk sales of its Prius hybrid. Most will start working next month at Toyota Motor Corp.'s Tsutsumi plant, central Japan, which makes the Prius and other models for the Japanese market, the world's No.
HONG KONG (AP) — China showcased its newest and biggest commercial plane Tuesday — a jetliner with as many as 200 seats that could boost the country's fledgling aviation industry to compete with Western rivals like Boeing Co. and Airbus. The narrow-body, single-aisle C919 plane is scheduled to take its maiden voyage in 2014 before being delivered to buyers in 2016, according to Wang Wenbin, an official with the plane's manufacturer, state-backed Commercial Aircraft Corp.
STILLWATER, Okla. (AP) — After Wisconsin workers agreed to concessions, Mercury Marine said it will move work there from Oklahoma within two years, putting 380 employees in Stillwater out of work. The boat engine maker pitted its manufacturing plants in Stillwater and Fond du Lac, Wis.
LONDON (AP) — Kraft Foods Inc. on Monday proposed a 10.2 billion pound ($16.7 billion) takeover of Cadbury PLC, but the offer was immediately rejected by the British maker of chocolate, gum and candy. Cadbury shares shot up 41 percent to 803.5 pence at midday on the London Stock Exchange, about the minimum analysts suggested Kraft would have to pay to clinch a deal.
TOKYO (AP) — An appeal of a hybrid or electric car is its super-quiet drive. But worries are growing blind people may be endangered by their silence. The Japanese government has set up a panel with automakers, organizations for the blind and consumers groups to come up with a solution, which could have such vehicles emitting what sounds like engine noise or musical sounds like a cell-phone ring-tone, officials said Tuesday.
WILMINGTON, Del. (AP) — The DuPont Co. is accusing a former employee of trying to steal trade secrets and bring them back to his native China. The lawsuit was filed in late August in the Delaware Court of Chancery. It accuses Hong Meng of breach of contract and misappropriation of trade secrets.
Global Green Cars, Inc. (GGCI) announced today that it will proceed with its plan to build an electric vehicle production facility in the State of Kentucky. Earlier this year, Governor Steven L. Beshear of the State of Kentucky pledged his support for this electric vehicle production facility and on May 28, 2009, the Kentucky Economic Development Finance Authority approved a $15.
PEMBROKE, N.H. (AP) — The state has secured back pay for workers who suddenly lost their jobs when Precision Technology in Pembroke, N.H., shut its doors last week. Employees had been told to leave the business without warning, and the next morning, many of the company's 130 workers gathered outside, demanding paychecks.
Personal opinions and long-term impact aside, the much ballyhooed CARS program did help some automotive OEMs see significant sales increases during the month of August: Toyota U.S.A. reported August vehicle sales of 225,088 vehicles, up 10.5 percent over one year ago. Passenger cars recorded an all-time, best-ever month with sales of 142,529 units, up 32.
HARTFORD, Conn. (AP) — Connecticut Gov. M. Jodi Rell offered $100 million worth of incentives Thursday to jet engine maker Pratt & Whitney to prevent the possible loss of about 1,000 jobs. The five-year plan includes lifting a cap on tax credits for parent corporation United Technologies Corp.
PITTSBURGH (AP) — Alcoa Inc. said Thursday it had boosted its annual forecast for global aluminum consumption, driven by higher demand from China. The largest U.S. aluminum producer now expects worldwide demand for the lightweight metal to shrink by 5.5 percent rather than 7 percent as forecast in July, when Alcoa reported its third straight quarterly loss.
CLAIRTON, Pa. (AP) — A man has died after an explosion and fire at United States Steel Corp.'s Clairton Coke Works near Pittsburgh that also injured another person. A company spokeswoman confirmed the death in Thursday's explosion, but the company isn't releasing his name. He was a contractor doing maintenance in the plant.