Energy Conversion Devices Inc. will supply solar cell laminates to General Motors Corp. for the world’s largest rooftop power generation system.
Financial terms of the deal were not disclosed.
The company’s UNI-Solar thin-film flexible solar laminates will be installed this fall at a 2 million-square foot car plant in Figueruelas, Zaragoza, Spain.
The rooftop system will have about [...]
Ford Motor Co. said it will double the number of six-speed automatic transmissions produced by the end of the year, and expects to install the more fuel-efficient gearboxes in 98 percent of its North American vehicles by 2012.
The transmissions, which will debut in 2009-model Ford Escape and Mercury Mariner crossover vehicles, offer 4 percent to [...]
A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said.
Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 [...]
Essar Global Ltd., the owner of India’s third-biggest steelmaker, agreed to buy Minnesota Steel Industries LLC for an undisclosed price to add 1.4 billion tons of iron-ore reserves and a steel mill in North America.
Essar will invest about $1.65 billion to build the 2.5 million-ton-a-year mill in northern Minnesota, John Elmore, closely held Minnesota Steel’s [...]
European energy and mining stocks, the region’s worst performers in the past three months, rose as a cut in oil output and a nuclear detonation in North Korea lifted commodity prices. BP Plc and Rio Tinto Group paced the advance.
“With oil ticking up and metal prices higher, there might be a new window in the [...]
aterpillar Inc., the world’s largest maker of earthmoving equipment, said second-quarter profit rose 38 percent as demand for mining trucks and power generators fueled sales.
Net income increased to $1.05 billion, or $1.52 a share, from $760 million, or $1.08, a year earlier. Sales gained 13 percent to $10.6 billion, the Peoria, Illinois-based company said today [...]
