DETROIT (AP) — The President and CEO of Ford Motor Co. received a pay package valued at $26.5 million in 2010, up 48 percent from 2009, according to an analysis by The Associated Press. Alan Mulally, 65, who was hired away from Boeing Co. in 2006 to rescue Ford, received a base salary of $1.
DETROIT (AP) — Americans bought smaller cars and sport utility vehicles in March, as higher gas prices made fuel efficiency a top priority and rising employment meant more first-time buyers bought a vehicle. The trends lifted U.S. sales of new vehicles by 17 percent from a year earlier to 1.
FOREST CITY, Ill. (AP) — A 25-year-old male employee of a central Illinois popcorn plant is in fair condition after being impaled on some rebar. Douglas Herrman of the Forman Fire Protection District says the man "fell from a height" and was impaled at about 9 a.m. Friday. Herrman tells the Pekin Daily Times that it took crews about 15-20 minutes to remove the rebar using a hand-held saw.
BEIJING (AP) — China said Thursday it will increase this year's production quota for rare earths but gave no sign it might reverse plans to cut exports of the exotic metals needed by high-tech industry. China accounts for most rare earths production and has alarmed global manufactures by reducing exports of the ores as it tries to develop its own producers of lightweight magnets and other high-tech goods that use the metals.
WASHINGTON (AP) — Manufacturing activity probably increased in March for the 20th straight month, though at a slightly slower pace than the previous month. Economists forecast that the Institute for Supply Management's index of manufacturing activity will edge down to 61.
GENEVA (AP) — The European Union is appealing its own victory in a trade ruling against U.S. planemaker Boeing Co. by asking the World Trade Organization to toughen its condemnation of American subsidies for Boeing-made aircraft. The ruling published Thursday based on EU complaints concluded Boeing received at least $5 billion in subsidies between 1989 and 2006 that were prohibited under international trade rules.
WASHINGTON (AP) — The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began. The Labor Department reported Friday that the economy added 216,000 new jobs last month, offsetting layoffs by local governments.
DETROIT (AP) — U.S. sales of cars and trucks are expected to rise at a double-digit rate in March as worries about higher gas prices and supplies of Japanese cars prompted some shoppers to buy new, more fuel-efficient vehicles. The number of new vehicles sold likely rose 17 percent to 1.24 million, compared with a year earlier, according to Edmunds.
PORT ARTHUR, Texas (AP) — One person is dead and three others are hurt after an explosion and flash fire at a Southeast Texas chemical plant. The incident happened about 2:15 p.m. Thursday at the KMTEX plant near Port Arthur. A statement issued by Jefferson County Sheriff's Deputy Rod Carroll says witnesses report a worker was welding on a pipeline containing coal tar solvent when it exploded.
MAUMEE, Ohio (AP) — Auto supplier Dana Holding Corp. said Tuesday it has reached new three-year labor agreements covering 4,000 workers. The agreements, with the United Auto Workers and United Steelworkers unions, are effective June 1. They include Dana's first-ever profit-sharing payments to workers based on the company's performance.
TOKYO (AP) — Nissan Motor Co. said Wednesday that an engine plant wrecked by the March 11 tsunami won't return to operations until June and it will take "some time" before auto production runs at full capacity. Nissan spokesman Mitsuru Yonekawa said the Iwaki factory, one of Nissan's two engine plants in Japan, still has no running water.
ANAHEIM, Calif. (AP) — An arrest warrant has been issued for a California businessman who has been charged with counterfeiting high-tech rifle sights in a scheme to sell them over the Internet. Yongming "Steven" Sui, the 37-year-old chief executive officer of Anaheim-based Field Sport Inc., and two business associates are accused of manufacturing and advertising about 700 counterfeit gun sights and 200 magnifier systems for sale online, with a retail value of about $475,000, according to U.
FRESNO, Calif. (AP) — Company officials failed to alert residents and collect data about groundwater, air and soil contaminated with cancer-causing chemicals from a Central California manufacturing plant owned by a former subsidiary of drug maker Merck & Co., lawyers for nearby residents told jurors Tuesday in closing arguments of a lawsuit.
DETROIT (AP) — Shortages of auto parts from Japan are hitting North American operations at Honda and Toyota. Toyota Motor Corp. on Tuesday said it wants its U.S. car dealers to stop ordering more than 200 replacement parts made in Japan because it's worried about running out of them. And Honda Motor Co.
ORION TOWNSHIP, Mich. (AP) — The United Auto Workers union would be open to expanding a wage structure with lower-paid workers to keep General Motors Co. factories open or reopen closed plants, a top union official said Tuesday. Vice President Joe Ashton, who handles GM bargaining for the UAW, said the union "will look at anything when it comes to negotiations that will retain jobs.
FRANKFURT, Germany (AP) — Industrial engineering company Siemens AG said Tuesday it is shaking up its organizational chart, spinning off light bulb maker Osram and forging a new division that will focus on energy-efficient infrastructure projects in the world's cities. Osram GmbH will be sold off to investors in an initial public offering of shares later this year, said Munich-based Siemens, which makes a wide range of industrial equipment such as trains, power plants and medical diagnostic machines.
WICHITA, Kan. (AP) — A federal judge has refused to reconsider his earlier ruling siding with The Boeing Co. and Spirit AeroSystems in an age discrimination lawsuit brought by former workers in the wake of Boeing's 2005 sale of its commercial airplane operations in Kansas and Oklahoma. U.
LAFAYETTE, Ind. (AP) — Subaru of America is slowing production at its Lafayette plant because of a temporary auto parts shortage caused by Japan's devastating earthquake and tsunami. Subaru of Indiana Automotive Inc. spokeswoman Jennifer McGarvey said Monday that the company will be reducing its Subaru production shifts to the first four hours of each shift this Wednesday, Thursday and Friday.
HELSINKI (AP) — Nokia is suing Apple in the United States for allegedly infringing patents in "virtually all" of its mobile phones, portable music players, tablets and computers, the Finnish company said Tuesday. The move is the latest in a string of lawsuits by Nokia and comes as the world's largest handset maker struggles to keep up with smartphone rivals like Apple.
NASHVILLE, Tennessee (AP) — Four men accused of smuggling military weapons and parts, some of which were sold to Middle East nations, pleaded guilty Monday in federal court and have agreed to testify against a British firearms manufacturer who currently faces extradition from England.