Main page | June 28, 2007 »

Tires made in China recalled

The government has ordered a small New Jersey tire importer to recall 450,000 Chinese-made light-truck tires because they might come apart and cause fatal crashes, even though the importer says the costs of a recall would bankrupt it, USA Today reports.

The tires, in sizes typically used by full-size vans, SUVs and pickups, are blamed in a fatal accident outside Philadelphia that's generated a lawsuit against Foreign Tire Sales of Union, N.J. FTS has in turn sued Hangzhou Zhongce Rubber, one of China's biggest tiremakers, which sold it the potentially faulty tires.

Posted by   at 9:54 AM to Safety | Permalink | Comments 0

Nissan Sees Future in Electric Cars

Nissan CEO Carlos Ghosn says his company is working hard to develop the next generation of smaller, lighter auto batteries - a technology that holds promise for electric cars as well as for hybrids, AP reports.

He also said Nissan and its French partner Renault SA are moving ahead with studies on a $3,000 car for the Indian market.

Posted by   at 9:51 AM to Alternative fuels , Environment , Nissan , Technology | Permalink | Comments 0

Oil Prices Slip Toward $67 a Barrel

Oil prices fell as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates, the Associated Press reports.

Comments from OPEC that the group did not plan to increase production in the coming months despite consistently high prices limited the decline.

Light, sweet crude for August delivery on the New York Mercantile Exchange fell 59 cents to $67.18 a barrel in electronic trading by afternoon in Europe. The contract had fallen $1.41 on Tuesday.

Posted by   at 9:49 AM to Oil | Permalink | Comments 0