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New Navy submarine completes trials
BEIJING, May 8 (UPI) -- Ford Motor Co. said sales in China turned around in April with strong interest shown in the Ford Focus.
After Ford sales fell 14 percent in March from March 2011, sales in April climbed 24 percent from the same period a year earlier, The Detroit News reported Tuesday.
Ford introduced the Focus to China in April, the first of 15 new models it expects to sell in China within the next three years, the News reported.
Joe Hinrichs, president of Ford Asia Pacific and Africa, said Tuesday that the Focus was "well received" in China with 3.7 million Chinese viewers taking a peek at the car online.
Hinrichs said Ford would continue to grow its capacity in China, increasing its investment in plants in Hangzhou and Chongqing, the News said.
After a slow start in China compared to other foreign brands, Ford is picking up the pace in the world's largest automobile market.
In the past, "We just didn't have enough product," Hinrichs said.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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