Elon Musk yesterday said that given some of Russia’s recent military maneuverings in Ukraine, it’s about time the U.S. government paid his company, SpaceX, for the rights to launch satellites and other cargo into space.
Chinese carmaker Qoros brought its campaign to gain global credibility to the Geneva Motor Show, where it showed off its second production car at a stand in prime real estate — between Maserati and Rolls Royce.
China's government responded to public demands for bold leadership with vows Wednesday to press long-sought market reforms, defend against terrorism, and heavily boost military spending amid rising tensions with Japan.
The company says it is withdrawing all requests for financial aid for plants in Windsor and Brampton, Ontario, because the projects have become a political football.
The Jeep Renegade is “designed in America and crafted in Italy,” according to the company, and will be first assembled at the Melfi Assembly Plant — a far cry from Jeep’s assembly headquarters in Toledo, Ohio, or even North America.
Toyota Europe expects to sell 865,000 units this year and increase its market share to 4.8 percent as the European car market enters what is expected to be a slow recovery from six years of contraction.
Redesigned for a seventh time since the midsize family sedan made its debut in 1985, the latest Sonata model is Hyundai's answer to a flurry of safety issues and customer complaints at home and abroad.
Russia has been a key market for recession-battered European automakers that have looked to expand sales and find partners for lucrative joint ventures. But new uncertainty has been raised by growing tensions between Russia and the West over the Ukrainian peninsula of Crimea.
Oil prices jumped nearly $2 a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers.
Like their peers in other sectors, industrial manufacturing CEOs are much less worried about the global economy than last year, although exchange rate volatility and energy costs are still big concerns.
One Geneva Auto Show buzzword is small. Mass carmakers are adding premium design features to their city cars as they fight back against premium carmakers' moving in on their small car territory.
China's manufacturing weakened in February and employers cut staff at the fastest rate in nearly five years, a survey showed Monday, adding to signs growth in the world's second-largest economy is cooling.
The German government is conceding that it doesn't expect to reach agreement with Washington in the foreseeable future on a hoped-for "no-spy" deal.
U.S. hospitals are coping better with ongoing shortages of hundreds of medications, but a new survey indicates that obtaining drugs from alternate sources is costing them a lot of money they can't spare.
Sharp Corp. is considering selling its Pulogadung plant in Jakarta after terminating the production of liquid crystal display televisions and other home appliances to slash costs, sources close to the matter said Friday.
"This will be the most important production base under the ongoing structural reform in which the fate of the company is at stake," Mazda Chairman Takashi Yamanouchi said Thursday.
The United States could create up to 5.8 million new jobs if it acted to end global currency manipulation, according to a report released today by the Economic Policy Institute (EPI). The study found that every state would see significant job gains within three years, with a major impact on manufacturing job growth.
Despite being comprehensive and ambitious, China’s new economic reform agenda is criticized for being vague and not overwhelmingly innovative. According to a new report, however, what is encouraging this time is that China’s leaders have demonstrated a stronger will to ensure successful implementation.
The European Parliament on Wednesday voted for tougher anti-smoking rules that will make health warnings on cigarette packs larger and include mandatory pictures of rotting teeth or cancer-infested lungs.
European jetmaker Airbus Group said Wednesday record demand for its civilian jetliners from airlines around the world drove higher sales and profits last year. The Boeing Co. rival, known until this year as EADS, said net profit rose 22 percent to 1.47 billion euros ($2 billion) in 2013, up from 1.2 billion euros the previous year.
Early Tuesday, the world's most established exchange for Bitcoin disappeared from the Internet, sending the price of the virtual currency tumbling and prompting fears that the world's biggest experiment in electronic cash could soon be strangled by fraud or regulation.
The start-up of the Celaya Plant increases Honda's annual automobile production capacity in North America to approximately 1.92 million units. In 2013, more than 90 percent of the Honda and Acura automobiles sold in the U.S. were produced in North America; this is expected to exceed 95 percent when the Celaya plant reaches full capacity.
Their motivation is clear: Europe's auto sales slumped last year to their lowest level since 1995, forcing French brands to join U.S. and European rivals in looking to China to drive revenues. But the timing is awkward.
BlackBerry will release a low-cost phone in Indonesia in April and plans a broader release of a phone that restores a beloved row of control keys with a track pad. The Indonesia phone, the Z3, will sell for less than $200 without subsidies, the company said Tuesday.
The company that manufactures Black Hawk helicopters said Friday it is eliminating 600 jobs, most of them in Connecticut, as it struggles with cuts to U.S. defense spending and a reduction in the demand for the workhorse aircraft used by the military to strike targets and ferry troops in Iraq and Afghanistan.