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U.S. markets recover from steep losses
NEW YORK, Jan. 22 (UPI) -- Ford Motor Co.'s so-called innovation revolution revolves around a top-secret project aimed at building a recyclable car.
Time magazine reports Ford's Piquette Project, known only by very top-level Ford executives, harkens back to Henry Ford's innovative experiments with soy-based polymers and the idea of agriculture and industry being closely linked.
"The mission was, 'Could Ford design the Model T of the next century?'" says William McDonough, an expert on green architecture who is running the sustainability part of the project.
William Clay Ford Jr., the 48-year-old CEO of Ford Motor Co. and great-grandson of the auto company's founder, tells Time Ford's biggest challenge is "to restore a sense of confidence, externally and internally, in the company."
This week he is unveiling "Way Forward," a last-ditch effort to save the company by taking some big chances.
"The old way of doing things doesn't work," Ford says. "Is (this) risky? Of course it's risky. But I tell you what: Going the way we were going is the highest risk of all."
The report comes amid speculation the automaker is also poised to announce substantial cuts in its labor force.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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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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