SHANGHAI (AP) — Zhejiang Geely Holding Group expects to wrap up talks on buying Ford Motor Co.'s Volvo car unit by the end of this month, a spokesman for the Chinese automaker said Tuesday. "I cannot tell the exact date, but so far everything goes smoothly, and I think the contract will be signed in March," said Ren Daqing, a spokesman for Geely in Beijing.
CLEVELAND (AP) — Danny Glover is meeting in Cleveland with workers at a men's suit plant whose plight became the actor's cause during the recent Academy Awards. The star of the "Lethal Weapon" movies joined with a union in urging Hollywood not to wear Hugo Boss suits to the Oscars earlier this month, to show support for the factory's 375 employees.
JEFFERSON HILLS, Pa. (AP) — The Pennsylvania Department of Environmental Protection says a chemical leak at a Marathon Petroleum Co. tank station south of Pittsburgh was the second in a month at the facility. In Monday's incident, about 4,000 gallons of an oil-based asphalt emulsion leaked from a tank at the company's Floreffe tank farm in Jefferson Hills.
TOKYO (AP) — Mitsubishi Motors Corp. said Tuesday it aims to more than triple annual production of its electric car — the i-MiEV — over the next three years, anticipating robust global demand for the zero-emission vehicle. Mitsubishi will make some 9,000 i-MiEVs in the upcoming fiscal year starting April 1, some 18,000 in the following year and 30,000 in the fiscal year starting April 2012, said company spokesman Yuki Murata.
SACRAMENTO, Calif. (AP) — California lawmakers on Monday sent Gov. Arnold Schwarzenegger two jobs-related bills that would extend a $10,000 homebuyer's tax credit through the end of the year and give a tax break to the green-technology industry. The Senate and Assembly passed the bills with bipartisan support in hopes of promoting housing construction and making California more inviting to businesses involved in developing alternative energy.
HARRISON, N.Y. (AP) — A housekeeper who reported that her boss' Toyota Prius accelerated on its own and wouldn't brake as she hurtled toward a stone wall apparently had her foot on the gas pedal the entire time, according to a police investigation that concluded the driver, not the car, caused the accident.
JOPLIN, Mo. (AP) — Eleven plaintiffs remain in a round of lawsuits against a microwave popcorn packaging plant in Jasper. Originally, 44 plaintiffs were part of lawsuits filed in 2006 against the makers of butter flavorings used at the Jasper Popcorn Co. plant, which has operated as Gilster Mary Lee Corp.
PHOENIX (AP) — The death of a former top executive at CSK Auto Corp. means federal prosecutors won't be able to prove criminal charges that he manipulated earnings reports at the auto parts supplier. Prosecutors filed federal court documents earlier this month that notified the court of the death of former CSK president Martin G.
SHANGHAI, China — An Australian executive and three Chinese officials with mining giant Rio Tinto pleaded guility to accepting bribes in a Shanghai court, lawyers said Monday in a case that has strained relations between the countries. The lawyers said Stern Hu and the three Chinese nationals — Liu Caikui, Ge Minqiang and Wang Yong — pleaded guilty but disputed the amounts they are alleged to have accepted.
SEOUL, South Korea — General Motors is recalling nearly 60,000 automobiles in South Korea due to potential problems with steering wheels, fuel hoses and seats, the company's local unit and the government said Sunday. The recall of 58,696 vehicles will begin Monday and cover four models manufactured in South Korea, said Kim Byeong-soo, a spokesman for GM Daewoo Auto&Technology Co.
MIAMI (AP) — Toyota shareholders incensed over a sudden drop in the Japanese automaker's stock price are heading to court with lawsuits claiming company executives deliberately misled investors and the public about the depth of accelerator problems in millions of its vehicles. At least three proposed class-action lawsuits filed by Toyota investors say the company gave false initial assurances that the sudden acceleration problem was a simple matter of floor mats trapping gas pedals, helping prop up the stock price.
NEW YORK (AP) — PepsiCo Inc. plans to cut the sodium found in each serving of its key brands by one-fourth in five years. The maker of Frito-Lay chips and Pepsi drinks announced several nutrition goals on Monday at the start of a two-day investor conference. The company also set two goals for the next 10 years: to cut the average added sugar per serving by 25 percent and saturated fat per serving by 15 percent.
BIRMINGHAM, Ala. (AP) — An angry letter and a bag of Golden Flake chips were taped inside Major Bashinsky's abandoned car when it was found near downtown Birmingham. Days later the snack food heir's body was fished out of a public golf course pond a few miles away, and now police are trying to find out if the chips that made his family wealthy had anything to do with his death.
NEW YORK (AP) — Boeing will speed up production plans for its 777 and 747 models in anticipation of greater demand from commercial airlines in a couple of years. Both are wide-body planes capable of carrying more than 300 passengers and flying longer routes. They're also more fuel-efficient than other aircraft models.
BEIJING (AP) — China is sending a Cabinet official to Washington in a bid to defuse trade tensions, the government said Friday, as it called on U.S. leaders to cool the "politicization and emotionalization" of a currency dispute. A deputy commerce minister, Zhong Shan, will go to Washington on Wednesday to meet with American trade, commerce and Treasury officials and members of Congress, the Commerce Ministry said.
HARRISON, N.Y. (AP) — Computer data from a Toyota Prius that crashed in suburban New York City show that at the time of the accident the throttle was open and the driver was not applying the brakes, U.S. safety officials said Thursday. The disclosure prompted an angry response from the police captain investigating the cause of the accident.
DURHAM, N.C. (AP) — Manufacturing jobs are essential to support a vibrant middle class and the Obama Administration is working to boost U.S. manufacturing of growing technologies, Vice President Joe Biden said Thursday. "We're going to make sure that we don't just build the same old economy on top of the one that just collapsed," Biden said during a visit with Energy Secretary Steven Chu to Cree Inc.
WASHINGTON (AP) — Specialty chemicals maker Innospec Inc. pleaded guilty Thursday to federal charges of bribery, defrauding the United Nations and violating the U.S. embargo against Cuba, U.S. authorities said. The Justice Department said Innospec entered a guilty plea before a federal judge in Washington to charges of wire fraud in connection with kickbacks it paid to the former Iraqi government under the UN oil-for-food program and bribes to officials in the Iraqi Oil Ministry.
DETROIT (AP) — Shares of Ford Motor Co. surged to a five-year high Wednesday after a ratings agency upgraded the automaker's debt and said Ford has the potential to improve its finances even further. The Dearborn, Mich., automaker's stock hit $14.11 per share in afternoon trading, a 4 percent surge to levels not seen since January 2005.
WASHINGTON (AP) — A group of 14 U.S. senators unveiled legislation Tuesday that seeks to increase pressure on China to let its currency to rise in value against the dollar, saying Chinese "currency manipulation" is hurting the U.S. economy. The bill calls for stiff trade sanctions if China does not act.