DETROIT (AP) — General Motors Co. has added 700 workers to its Oshawa, Ontario, factory near Toronto to make the 2011 Chevrolet Camaro convertible muscle car and the new Buick Regal midsize car, the company said Monday. Camaro convertible production is scheduled to start in January, while the plant will start making Regals early in the spring.
ZURICH, Switerland and FORT SMITH, Ark. — ABB, the leading power and automation technology group, and Baldor Electric Company, a North American leader in industrial motors, have agreed that ABB will acquire Baldor in an all-cash transaction valued at approximately $4.2 billion, including $1.
HARTFORD, Conn. (AP) — Workers at jet engine maker Pratt & Whitney in Connecticut fear they may be running out of time to prevent job losses. The Machinists union beat the subsidiary of United Technologies Corp. in federal court earlier this year, preventing it from shutting two engine repair shops and shipping 1,000 jobs to Columbus, Ga.
TOKYO (AP) — Toyota is replacing the pumps that cool the hybrid system in 650,000 Prius cars — the Japanese automaker's prized green vehicle — in a new blow to the automaker's reputation for quality. Toyota Motor Corp. spokesman Paul Nolasco said Tuesday the fix is needed in Prius cars for model years 2004 through to 2007.
Despite the continuing recession, The Garland Company, Inc., a mid-sized roofing manufacturer headquartered in Cleveland, Ohio, has been the recipient of several achievement awards in 2010. In May, the company was honored with a Manny Award from Ohio’s Inside Business magazine.
SAN FRANCISCO (AP) — On the losing end of a $1.3 billion jury verdict for stealing a rival's intellectual property, SAP AG is facing the difficult decision about whether to double down — by appealing — or folding. Either route is going to cost the German company dearly, and will have implications for how other technology companies approach copyrights.
PITTSBURGH (AP) — In the unlikely event that your Christmas list this year includes every item mentioned in "The Twelve Days of Christmas," be prepared to pay nearly $100,000. Trying to buy the 364 items repeated in all the song's verses — from 12 drummers drumming to a partridge in a pear tree — would cost $96,824, an increase of 10.
MILAN (AP) — Fiat and Chrysler CEO Sergio Marchionne on Friday proposed a joint venture with Chrysler LLC to build Alfa Romeo and Jeep brand vehicles at Turin's Mirafiori auto plant. But he said he needed union cooperation to make the factory more competitive. The proposal marks the first significant step toward integration in Europe between the Italian and U.
WASHINGTON (AP) — The Food and Drug Administration would have to step up inspections of food plantsunder legislation the Senate is expected to pass this week. The bill, which has stalled in that chamber for more than a year, would give the FDA authority to order a recall of tainted products.
HARRISBURG, Pa. (AP) — Bitter rivals in the candy aisle may also duke it out in court. The Hershey Co. sued Mars Inc. this week in federal district court, with the maker of Hershey's and Reese's chocolate candies accusing the maker of Snickers, M&Ms and Dove candies of mimicking some of its packaging.
FAIRVIEW, Pa. (AP) — A worker is being treated and undergoing medical tests after he was hurt when a water line burst at a precision tool plant in northwestern Pennsylvania. Matrix Tool president Tim Lewis says company officials still don't know whether the worker was hit with a piece of pipe, hit his head when he fell or was injured in some other way.
CHARLOTTE, N.C. (AP) — An executive at a Lenoir furniture manufacturer has been indicted on charges that he took more than $560,000 from the company. The Charlotte Observer reported that Andrew Geiger is accused of setting up a dummy company and billing Bernhardt Furniture Company for extra services concealed as processing fees.
SANTA ANA, Calif. (AP) — A federal judge in California will consider a motion by Toyota Motor Corp. to dismisslawsuits that claim there are sudden acceleration defects in its cars. U.S. District Judge James Selna will hear arguments Friday about whether he should throw out some of the hundreds of lawsuits filed since the automaker starting recalling millions of vehicles because of acceleration problems in several models and brake defects with the Prius hybrid.
TOLEDO, Ohio (AP) — A Toledo solar panel manufacturer opened an assembly plant in China to provide low-cost assembly while it works to automate and expand its local operations, the company's president said Thursday. Xunlight Corp., which has received nearly $50 million in federal and state assistance to develop research and production in Toledo, just started talking publicly this week about the Chinese facility, which opened earlier this year, The Blade newspaper reported Thursday.
MINNEAPOLIS (AP) — Defense contractor Lockheed Martin Corp. said on Thursday that it will close its Eagan, Minn. plant by 2013, eliminating or moving about 1,000 jobs. The company makes components for the Navy's P-3 Orion anti-submarine plane at the plant. Lockheed said 650 of the Minnesota jobs would move to Owego, N.
WEST POINT, Ga. (AP) — Kia Motors plans to hire another 1,000 workers at its west Georgia plant. Kia on Thursday opened the online application process for prospective employees for its plant in West Point, which is near the Alabama state line. The plant officially opened earlier this year and, as of September, had produced about 100,000 Kia Sorrento SUVs.
NEW YORK (AP) — General Motors returned to Wall Street with the satisfying roar of a muscle car's engine, embraced by traders at the New York Stock Exchange who stood in a crowd eight deep for the chance to buy a piece of a resurrected American icon. Elsewhere, the moment was more complex.
AUBURN, Ala. (AP) — GE Aviation has picked Auburn for its plant that will make coatings for the components in military jet engines. GE Aviation, based in Cincinnati, Ohio, had announced in August that it planned to locate a plant in Alabama and would decide the location within three months.
MINNEAPOLIS (AP) — Boeing Co. said it's still not clear when it will resume test flights for its new 787, and an executive said in an interview that he doesn't know if the plane's first delivery would be delayed once again. Boeing has been flying six of the new 787s with a goal of getting certification to deliver the first one around mid-February.
GENEVA (AP) — Swiss pharmaceutical company Roche will cut 4,800 jobs over two years, mostly in the U.S., to help save 2.4 billion Swiss francs ($2.4 billion) by 2012, the company said Wednesday. The cuts amount to six percent of its 82,000-strong global work force and will mainly affect positions in sales, marketing and manufacturing, Basel-based Roche Holding AG said in a statement.