TOKYO— Japan's Defense Ministry wants to buy an advanced Aegis radar-equipped destroyer and more F-35 fighters under its largest-ever budget to bolster the defense of southern islands amid a territorial dispute with China. Abe's government says Japan needs to bolster its military role amid China's growing territorial assertiveness and the rising risk...» Read More
The Federal Aviation Administration is close to wrapping up a two-year investigation of safety violations at American Airlines that could result in one of the largest fines in the agency's history, according to government and industry officials familiar with the investigation.
Many economists say Toyota’s trauma is a wake-up call that Japan needs to understand that its reliance on manufacturing and industrial exports, which served the country so well after World War II, is no longer wise.
Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.
After several investigations, it was only last week that Toyota owners learned federal regulators, concerned that the company was not taking apparently dangerous defects seriously enough, traveled to Japan in December to light a fire under corporate executives. Meanwhile, millions of Toyotas continued to be driven by drivers unaware of the potential scope of the problem, and the cars continued to be sold.
Toyota's recovery from a string of quality issues could be the worst in the history of automaker recalls.
It's searing hot at the Singapore Airshow - combine 34 degree celsius temperatures with 85% humidity and you can start to imagine why my shoe soles started to melt on the tarmac.
Much has gone as expected at the Singapore Airshow. No big new orders. But certainly a lot of announcements coming from all corners of the globe nonetheless.
Automakers, both big and small, will launch a variety of models as soon as this year to ride the consumer shift to smaller, greener vehicles.
On Wednesday, disappointing earnings sent investors running for the exits stopping a comeback dead in its tracks. Is the correction back; what should you be watching?
What a start to the year has it been from airlines.
While Qantas' international business is suffering, its domestic operation - on the other hand - is thriving, Chief Executive Alan Joyce told CNBC on Monday.
It started with a deadly tragedy in summer last year that forced Toyota, which had received more than 2,000 complaints of unintended acceleration, to step up its own inquiry.
Federal regulators have cleared Toyota's plan to fix millions of sticky gas pedals, and dealers could get parts to make the repairs as early as Thursday or Friday.
From more than 160,000 reports, the Recovery Board reported late Saturday that from October through December, 599,108 jobs had been directly created by stimulus money.
An initial public offering at Tesla has been anticipated for months.
Ford has halted production of some full-sized commercial vehicles in China because they contain gas pedals built by the same company behind the accelerators in Toyota's recent recall.
President Obama's first appearance after the State of the Union address is in Tampa, Fla. on Thursday where he is expected to announce $8 billion worth of grants for high speed rail projects in the United States. More than a dozen projects will receive funds, spanning 31 states, but the biggest winners look to be Florida, Illinois and California.
More than half of the nearly 2,800 dealers General Motors and Chrysler Group want to close are appealing those decisions, the group handling the appeals said Tuesday.
Ford plans to add 1,200 jobs when it begins making the Explorer sport-utility vehicle in Chicago, according to Crains Chicago Business.
Transport stocks have been down in the last two days, but the Dow Jones Transport Index is up almost 19 percent over the last year. How much more room is there for these stocks to grow? Lee Klaskow, senior transportation and logistics analyst at Longbow Research, says it is time to start buying on the dips.