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Companies team for technologies
TOKYO, Oct. 5 (UPI) -- Toyota Motor Corp. will pay $315 million to beleaguered U.S. rival General Motors Corp. for its share of the company that makes Subarus.
The move gets the world's No. 2 carmaker GM's 8.7-percent stake in Fuji Heavy Industries Ltd., the Financial Times reported Wednesday.
The world's No. 1 carmaker, which says it intends to sell its remaining 11.4 percent stake in Fuji, also plans to end its alliance with Fuji, terminating its Saab crossover vehicle development program.
GM will be left with a 9.9-percent stake in Isuzu Motors, a maker of trucks and other commercial vehicles, and a 20-percent stake in Suzuki Motor, which makes cars with an engine capacity of less than 660 cubic centimeters.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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AVONDALE, La., May 23 (UPI) --
The seventh amphibious transport dock being built by Huntington Ingalls Industries for the U.S. Navy has completed builder sea trials.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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