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Manufacturing

Ford to roll out C-Max Energi plug-in hybrid next year

General Motors' Chevrolet Volt’s competitor will soon be soon zooming on the U.S. roads. The van-like compact car named C-Max Energi is currently being developed by Ford Motor Company.

GM CEO seeks $1 tax on gas

Dan Akerson, chief executive officer of General Motors, advocated a higher tax on gasoline which he says will help his company and the auto industry in general, and not hurt the interests of the industry as feared by some experts.

India to buy 10 Boeing C-17 aircrafts from US

Giving a go-ahead for the purchase of 10 Boeing C-17 Globemaster III heavy-lift aircrafts, the Cabinet Committee on Security in India has paved the way for the biggest ever defense purchase from the United States.

Schoolboy, 13, invents 'Smart Bell' to trick burglars

Do you feel your home is safe from burglars when you are away? Yes, as far as you are using ‘Smart Bell’ doorbell. A young boy in the UK has invented a doorbell that he claims can secure the home from intrusion by tricking potential burglars into thinking you're at home, even when you're not.

Toyota set to achieve 90% of earlier production level

Toyota Motors, the world's biggest car manufacturer, said that production in its factories in Japan is returning back to normal earlier than the prior estimates.

Tesla to sell 5.3mn shares to public

Tesla Motors has divulged its plans to sell 5.3 million shares and used the proceeds to expedite the development of the next-generation electric SUV vehicle, the Model X.

2013 model vehicles to get new fuel economy labels

The federal regulators have unveiled new labels to be used by the 2013 model year vehicles. The revised decals will rate vehicles on projected fuel economy and emissions, the U.S. Environmental Protection Agency and the Department of Transportation announced Wednesday.

Panel finds fault with Toyota’s management, calls it ‘too centralized'

Lack of local control, absence of a fool proof procedure for handling safety problems, and comapny's tendency to dismiss customer complaints were the reasons cited by the Toyota panel investigating the recall of vehicles.

GE Capital to create 1000 jobs in Chicago

GE Capital plans to “double-down on Chicago” and that too without a government subsidy. The financial services behemoth might create as many as 1,000 additional jobs in the next 3 years.

Honda workers asked to take additional days off

Honda workers in Japanese plants have been asked to take 14 days off in the coming months as production at these factories continues to be disrupted due to the earthquake and tsunami that rocked the country in March.

Rising costs to eat into Gap’s profit

Shares of Gap, Inc. witnessed the biggest plunge in 10 years after the San Francisco, California based clothing and accessories retailer warned that its full-year profit forecast would fall short by 22 percent.

Japanese economy shrinks post earthquake and nuclear crisis

The Japanese economy has plunged into a recession following the worst ever earthquake which was followed by a tsunami and a nuclear crisis at the Fukushima Daiichi plant, data for the first quarter of this year reveals.