Caterpillar Takeover of Japanese JV
Caterpillar Inc. (NYSE: CAT), the world's biggest heavy machinery maker, will pay about $447 million to Mitsubishi Heavy Industries Ltd. to gain sole control of their joint venture, Caterpillar Japan Ltd.
Toyota's China Sales Rise Sharply in February
Toyota's February sales in China, where the auto maker aims to double business by 2015, went up 51.3 percent. Toyota is seeking to push its Chinese sales past 1 million units this year.
Toyota's US Sales Up 12% in Feb. on Demand for Hybrids
Toyota recorded a 12 percent rise in U.S. auto sales in February, driven by double-digit increases for Camry and Prius models as well as a 60 percent jump in sales of all hybrids. Sales of the Japanese auto maker's trucks declined, however, last month.
Atlanta Fed President: Economy Gaining Strength, but Sustainability in Doubt
The U.S. economy is strengthening, but its long-term sustainability is questionable, Federal Reserve Bank of Atlanta President Dennis Lockhart said Thursday .
Fastest Ferrari, F12berlinetta, Gets Thumbs up from F1 Drivers
The Ferrari F12berlinetta, a painfully beautiful car recently unveiled by the storied Italian automaker, was tested by Scuderia Ferrari Formula 1 drivers Fernando Alonso and Filipe Massa and they found it to be staggeringly quick and incredibly powerful.
Euro Zone Manufacturing Shrinks in February - Markit Economics
Euro zone manufacturing contracted in February for the sixth month in a row, according to a Markit Economics report published Thursday, but the sector may be stabilizing as increases begin to offset decreases.
Tesla Says its Model S Battery Will Not 'Brick'
The soon-to-be available electric Tesla Model S sedan will not experience permanent battery failure that has been reported in earlier Tesla models, like the Roadster, whose batteries completed discharged and could not be recharged, the manufacturer said.
