rolls royce

Another Problem for a Qantas Jet

Qantas, the Australian airline with a fatality-free flying record, suffered another flight mishap Monday. The latest problem was with an Argentina-bound Boeing 747 that experienced smoke in its cockpit an hour after takeoff.

Rolls-Royce Shares Continue Slide on Airbus Concern

Rolls-Royce shares dropped further on Monday as investors fretted about the impact of problems with Rolls-Royce engines on Airbus A380s. Last week, a Rolls-Royce engine exploded during a Qantas Airways (QUBSF) flight from Singapore to Sydney, forcing an emergency landing in Singapore. Today, Qantas said it found oil leaks in the engines of some of its grounded A380s.

Qantas Finds Three of Its A380s Have Leaking Engines

Engineers found oil leaks in three engines in Qantas Airlines%u2019 (QUBSF) grounded fleet of Airbus A380s, CEO Alan Joyce said. Engineers found the leaks as they performed safety tests after last week%u2019s incident where an engine on an A380 exploded in mid air during a Singapore-Sydney flight, forcing the plane to perform an emergency landing.

Qantas CEO Says 'Design Issue' May Have Caused Engine Failure

A flawed part or design failing may have caused the engine on board a Qantas Airways (QUBSF) Airbus A380 to explode in mid-air, Qantas CEO Alan Joyce said. The explosion on a Thursday flight from Singapore to Sydney, Australia scattered debris across an Indonesian island and forced the plane to make an emergency landing at Singapore.

BMW North America Recalls Nearly 200,000 Cars

BMW is recalling nearly 200,000 cars in North America because of possible leaks in their braking systems. The recall affects BMW 5 Series, 6 Series and 7 Series vehicles with V8 and V12 engines from the model years 2002-2010, The Associated Press said. Rolls-Royce Motor Cars from the 2003-2010 model years are also affected.

Rolls-Royce CEO Rose to Retire in March

Rolls-Royce Group said CEO John Rose will step down at the end of March after more than 14 years in charge of the company. Rose turned Rolls-Royce into the world%u2019s second-biggest aircraft engine maker, Bloomberg News said. John Rishton, who is currently CEO at retailer Royal Ahold NV, will replace Rose.

Crews Work to Replace Boeing Dreamliner 787 Jet Engine

Crews are working to replace a Rolls-Royce engine in one of Boeing%u2019s (BA) five 787 Dreamliner test jets after the engine experienced a power surge before takeoff. It%u2019s not yet clear if the 787%u2019s test schedule will be affected, Yvonne Leach, a spokeswoman for Boeing, told Bloomberg News.

BMW Hits the Gas on 2010 Profit and Outlook

Germany's economy may be struggling right now, but one of the country's premier automakers sees brighter days ahead. BMW said Tuesday it expects pretax profits this year to "rise more sharply than previously forecast," driven by better-than-expected vehicle sales.