Honda Motor Co. on Tuesday started the construction of its second auto assembly plant in Brazil that is scheduled to open in 2015. Honda invested about 1 billion real (about $437 million) for the Sao Paulo plant to meet growing demand in Brazil, the fourth largest auto market in the world.
As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars.
A judge has given a dose of cold water to Sriracha, ruling Tuesday that the factory that manufactures the trendy hot sauce must partially shut down after neighbors complained of the spicy smells it was producing.
U.S. consumers' confidence in the economy fell in November to the lowest level in seven months, dragged down by greater concerns about hiring and pay in the coming months.The Conference Board said Tuesday that its index of consumer confidence dropped to 70.4 from 72.4 in October.
Ford is recalling the Escape small SUV again, this time to fix oil and fuel leaks that could cause engine fires. The hot-selling SUV has been recalled seven times since it was redesigned and went on sale in the spring of 2012.
Anaheim, Calif.-based Fisker, which planned to build cars at a former General Motors plant in Delaware, filed for bankruptcy protection last week, ending a long, downward spiral that began after it received a $529 million loan commitment from the U.S. Department of Energy.
A team of ex-Nokia engineers is launching a smartphone based on the former world No. 1 cellphone maker's old software, hoping to grab a share of a highly competitive market. The Jolla handset's Sailfish operating platform is based on MeeGo software, which Nokia abandoned in 2011 when it switched over to using Microsoft Corp.'s Windows system.
Several toys with high lead levels or toys that could cause young children to choke were found at major retailers and discount stores in the last few months, the U.S. Public Interest Research Group said Tuesday. The consumer safety group analyzed 50 toys for its annual report. Violations were found in fewer than a dozen, including a Captain America toy shield and play jewelry.
The European Commission said in a statement Thursday that the companies — both of which are based in the U.S. — have agreed to dispose parts of their businesses producing and supplying cell cultures, "gene silencing" products and polymer-based magnetic beads.
In a warning letter posted online Monday, FDA regulators say that the Silicon Valley company has not shown that its tests are safe or effective despite "more than 14 face-to-face and teleconference meetings" and "hundreds of email exchanges."
Norway-based cancer drug maker Algeta ASA says it has received a preliminary takeover offer from Germany's Bayer AG that values the company at about $2.4 billion.Algeta said in a statement Tuesday that the offer is for 336 kroner ($55.11) per share; the company has nearly 44 million shares.
Materials Sciences Corporation (MSC) has today announced its intention to establish a new manufacturing facility near Greenville, S.C., with a $1 million investment. Under the current plan, MSC will renovate and upfit a 13,000-square-foot space in a former textile manufacturing facility.
igus recently announced the expansion of its 3-dimensional cable carrier line, Triflex, with the new TRLF-100. Unlike any other cable from the company, the TRLF-100 has three pivoting crossbars that can be opened at any time, making the process of exchanging cables and hoses easier than ever.
Canada and Norway had challenged the ban on the grounds that it was inconsistent. It grants exceptions to support indigenous Arctic communities that export limited amounts of seal products and to protect fisheries' nets and their catch.
The onslaught, captured in photos and video footage from Detroit and Chicago this year, was caused by the same thing: brisk winds sweeping across huge black piles of petroleum coke, or "petcoke," a powdery byproduct of oil refining that's been accumulating along Midwest shipping channels and sparking a new wave of health and environmental concerns.
A French contraceptive maker says it will begin warning women that its morning-after pill is ineffective when taken by women who weigh more than 176 pounds. HRA Pharma head of women's health Frederique Welgryn told The Associated Press that the warning is the result of a 2011 study of levonorgestrel, the active compound in its Norlevo emergency contraceptive, and other pills like the Plan B One-Step.
A roof collapse probably caused by a blizzard has killed nine people at a food processing factory in northeast China, state media and an official said Tuesday.The nine people were killed during the lunchtime collapse at the plant in Mudanjiang city in Heilongjiang province on Monday, the official Xinhua News Agency reported.
Struggling French carmaker PSA Peugeot Citroen says a former executive at rival Renault will lead the company when its current chairman steps down. The company said Monday that Carlos Tavares, who was Renault's chief operating officer, will join PSA's managing board in January. He will replace the current board chairman, Philippe Varin, at some point next year.
Qualcomm is being investigated by Chinese regulators for possible violations of the country's anti-monopoly law. The company said Monday that details of the investigation by the National Development and Reform Commission are confidential.
General Electric said on Monday that it is close to a solution for engines that are losing power for a few seconds after ingesting ice chunks as big as a half-gallon. The problem came to light over the weekend after Japan Airlines said it will stop using its new Boeing Co. 787s on some routes.