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November 05, 2009
Toyota surprises with return to profit
TOKYO—Toyota said today it returned to a profit in the latest quarter as government incenstives boosted sales, leading the world’s largest...
November 04, 2009
Chrysler aims to revamp Dodge cars under new plan
Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company’s cash has grown by nearly $2 billion since...
November 03, 2009
Chrysler sales plummet 30 percent; Ford up 3 percent
DETROIT—Chrysler Group LLC says its October sales fell 30 percent below the same month last year. But they improved from September when the U.S....
Ford racks up a billion-dollar profit in the 3rd quarter
Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third...
TSA owes RIC $3.6 million for screening systems
Richmond International Airport spent $4 million to accommodate special baggage-screening systems for the Transportation Security Administration. The TSA...
November 02, 2009
Ford reports $1 billion third-quarter profit
DEARBORN, Mich.—Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government’s Cash...
October 28, 2009
Volvo says China’s Geely is preferred bidder
STOCKHOLM—Ford-owned Volvo Cars says China’s Geely Group is the preferred bidder in the U.S. automaker’s attempts to sell the Swedish...
2 percent passenger drop pleases RIC officials
Passenger traffic was down slightly more than 2 percent for September at Richmond International Airport. And that’s OK, airport officials said yesterday....
Richmond air shares
Here are the September market shares for airlines serving Richmond International Airport.* US Airways: 25.5 percent Delta: 23.5 percent ...
October 27, 2009
RIC pleased with small September decline
Passenger traffic was down slightly more than 2 percent for September at Richmond International Airport. And that’s OK, airport officials said today....
Hybrid electric cars to be built at idled GM plant in Del.
WILMINGTON, Del.—California luxury automaker Fisker Automotive is buying an idled General Motors assembly plant in Delaware to produce plug-in hybrid...
Southwest Airlines launches $25 fare sale
DALLAS—Southwest Airlines has launched an air fare sale in which some flights cost the same as what other carriers charge to check a bag. Dallas-based...
Report: Amtrak loss comes to $32 per passenger
WASHINGTON—U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator’s...
October 22, 2009
Loss widens for Delta, world’s biggest airline operator
ATLANTA—Delta Air Lines Inc. said today it will cut system capacity 3 percent next year as it reported a quarterly loss bigger than a year ago. The...
Hyundai profit surges amid sales jump
SEOUL, South Korea—Hyundai Motor Co., South Korea’s largest automaker and a growing force in the global industry, said third-quarter net profit...
October 21, 2009
Boeing posts $1.6 billion loss in 3rd quarter
Boeing Co. lost $1.6 billion in the third quarter as hefty charges from its delayed 787 and revamped 747 dragged down results. Those charges also forced...
Toyota to offer a $375,000 Lexus sports car
CHIBA, Japan Toyota unveiled a two-seat super sports car for its Lexus luxury brand called LFA, which reaches up to 200 mph but also costs $375,000. The...
October 16, 2009
Breakdown of the infrastructure spending in Va.
$35 million will go to seven design-build contracts to replace or repair 119 bridges and culverts, 112 of which are structurally deficient, across the...
October 15, 2009
European version of ‘Cash for Clunkers’ boosts car sales
BRUSSELS—The European car industry says sales rose 6.3 percent in September compared to last year, helped by governments’ popular cash-for-clunker...
October 07, 2009
More rail projects than money available
The Obama administration said yesterday that it has received applications from 24 states seeking $50 billion for high-speed rail projects, more than six...
Boeing predicts $1 billion charge
Boeing Co. said yesterday that it will record a $1 billion charge because of a delay in producing a new version of the 747 freighter jet, blaming slow...
October 06, 2009
British Airways cuts 1,000 jobs, will shrink Heathrow crews
British Airways PLC says it is shedding 1,000 fulltime jobs and putting 3,000 more employees on part-time work and reducing size of cabin crews at Heathrow...
Boeing to record $1 billion charge due to 747-8 costs
Boeing said Tuesday it expects to record a charge of $1 billion in the third quarter due to higher costs in its 747-8 program and difficult market conditions....
RIC’s August traffic drops 3 percent
Richmond International Airport’s passenger traffic was down 3 percent in August compared with the same month a year ago. “August’s decrease...
Chrysler boss shakes up the company
With sales down sharply and pressure to generate cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team yesterday,...
October 03, 2009
Virginia said to lag in spending stimulus funds
Virginia is dead last in the country in getting federal transportation stimulus money into the hands of working people, according to the chairman of the...
Japanese automakers view S. Korea’s Hyundai as threat
Hyundai Motor Co.—not the up-and-coming Chinese, nor the leaner meaner Americans—is the automaker that has the Japanese seriously worried....
Auto repairer’s retirement opens door for print-media worker
It was time for Cecil Vencill to get out of the auto-repair business, and it was time for Todd Atkinson to get out of the printing business. After 50 years...
October 01, 2009
Toyota issues its largest U.S. vehicle recall
NEW YORK When you think about car safety, you think brakes, air bags and seat belts. Now, you should check floor mats, too. The carpet in your driver’s...
Closing Saturn dealers will hit Va. hard
General Motors Co. said yesterday that it would shut down its Saturn division after an agreement to sell it to Penske Automotive Group Inc. fell apart....
