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U.S. markets recover from steep losses
DETROIT, Dec. 26 (UPI) -- Ford Motor Co.'s new chief executive met with Toyota Motor Co.'s chairman in Tokyo to discuss hybrid cars and other issues, it was reported Tuesday.
Japanese media reports say Alan R. Mulally and Fujio Cho discussed development of hybrid-electric and hydrogen powered cars and ways that Toyota could help Ford improve its manufacturing efficiency.
The Ford and Toyota executives are not believed to have discussed joint purchasing or car-production ideas when they met last week, The New York Times said.
Such arrangements were the subject of General Motors' talks with Renault and Nissan this summer and fall. Those talks ended in October without an agreement.
Ford is mired in one of the worst financial crises in its history, while Toyota -- the world's leader in hybrid-electric cars -- is in its strongest position since it was founded 70 years ago.
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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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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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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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