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AO Smith posts higher 4Q earnings, revenue

A.O. Smith Corp., which makes water heaters and electric motors, said Tuesday its fourth-quarter net income grew, helped by factors including a 14.9 percent increase in water-heater sales in China. Full story

Toyota developing alternative electric motor

Toyota Motor Corp., maker of the popular Prius hybrid car, is developing a new type of electric motor to cut its dependence on rare earth metals and lower costs, a company spokesman said Monday. Full story

A.O. Smith declares quarterly dividend of 14 cents

A.O. Smith, which makes water heaters and electric motors, said Friday that it plans to pay a quarterly dividend of 14 cents on Feb. 15 to shareholders of record as of Jan. 31. Full story

Porsche race car uses hybrid tech for power boost

A new race car concept from Porsche is using hybrid technology to boost power as the automaker said Monday it was looking to 2011 for continued sales growth. Full story

Turbine-powered car accelerates like a jet

Jaguar, working with Bladon Jets, recently unveiled a hybrid concept car, the C-X75, that can accelerate from 0 to 62 mph in a blistering 3.4 seconds. Full story

Harbin 1Q profit doubles after acquisition

Electric-motor manufacturer Harbin Electric Inc. said Monday its profit more than doubled in the first quarter due to an acquisition it made in late 2009. Full story

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