Fort Wayne withheld $200,000 in payments to Navistar International Corp. after the company relocating operations to suburban Chicago did not provide job data. Get the full story »
Inside these posts: Engines
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Navistar posts lower quarterly profit
Navistar International Corp. reported lower quarterly earnings Wednesday, pulled down by employee termination costs from its new union contract. Get the full story »
GM recalls cars due to power steering fluid leak
General Motors will recall 13,780 Cadillac DTS and Buick Lucerne luxury sedans because of possible power steering fluid leaks that could cause a loss of steering or an engine fire. Get the full story »
Qantas reviews way it runs A380s in engine probe
Qantas Airways is reviewing the way it operates its A380s after last week’s engine blowout, a source said on Tuesday, amid reports the carrier worked its Rolls-Royce engines harder than rivals. Get the full story »
Caterpillar acquiring German engine firm
Caterpillar Inc. said Friday it is buying a German engine maker, MWM Holding GmbH, from private-equity firm 3i for 580 million euros, or about $810 million, in cash. Get the full story »
Boeing to test China biofuel
Boeing Co., in cooperation with Air China Ltd. and others, plans to test a commercial-jet biofuel in China produced from a locally grown plant by the middle of 2011-part of an effort to commercialize cleaner fuels world-wide and bolster China’s potential as a biofuel provider.
Boeing first tested a biofuel on a Virgin Atlantic Boeing 747 jet in early 2008 in London. It has since conducted similar tests a few more times, each time experimenting with different types of biofuels on different engines. The China demonstration flight, expected to be conducted by May or June next year, would be Boeing’s sixth such demonstration flight using a biofuel, said a Boeing executive, Al Bryant, in an interview Monday with The Wall Street Journal. Get the full story »
BMW exec: Alt-fuel cars to stay niche
Ask Jim O’Donnell, president and chief executive of BMW North America, about the automaker’s plans for alt-fuel vehicles, and he assures that the luxury nameplate will be there — with the 5-Series passenger cars and X3 crossover front and center.
But he also is convinced that hybrids, electrics and any combination will remain niche markets rather than supplant internal combustion for autos for some time.
“The price of gas in Newark (N.J.) was $2.38 a gallon when I left to come here this morning,” said O’Donnell, in town for the BMW Golf Championship this week at Cog Hill in Lemont. “Without a substantial increase in that, the U.S. market is not going to turn to alternative fuel vehicles.” Get the full story »
Toyota recalling 270,000 cars for faulty engines
Toyota Motor Corp. will recall 270,000 Lexus and other vehicles worldwide to fix faulty engines in the latest quality lapse at the world’s No. 1 automaker. Flaws in valve springs, a crucial engine component, could make the vehicle stall while it’s moving, Toyota spokesman Hideaki Homma said Friday in announcing the recall. Get the full story »
Toyota mulls recall on Lexus engine problems
Toyota Motor Corp by Thursday morning had not yet alerted U.S. safety regulators of a recall of one Toyota and seven Lexus models for possible engine stalling while driving, a federal safety official said.
Toyota officials in Tokyo earlier on Thursday said the world’s top automaker was considering “some kind of measure” that may include the recall of 270,000 vehicles worldwide. Get the full story »
