Toyota said it will move compact Tacoma production to San Antonio after it ends production next spring at Fremont's NUMMI plant shared with General Motors Corp. Tacoma production should begin in San Antonio next summer, said Toyota manufacturing spokesman Jim Wiseman on Friday. The plant, which opened in 2006, currently produces Toyota Motor Corp.'s Tundra, but the company has had to furlough workers and cut back to one shift as demand got hammered by high gas prices and then the recession. He said it's not clear how many jobs will be added to the 1,800 workers Toyota already employs here, but local officials estimate it could bring 750 to 1,000 new jobs. Wiseman said most of the Tacoma workers will be local hires.
Santa Clara-based Intel Corp. raised its third-quarter revenue forecast above Wall Street's expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the world's biggest technology companies. Intel's shares rose 4 percent, up 78 cents to $20.25. The leading maker of computer microprocessors said it now expects sales of $8.8 billion to $9.2 billion. Its last guidance, which came July 14, was for revenue in the range of $8.1 billion to $8.9 billion. Analysts polled by Thomson Reuters were expecting $8.55 billion in revenue before Friday. Intel also said it expects the quarter's gross profit margin to be in the upper half of the range it previously forecast.
Cupertino-based Apple Inc.'s iPhone will go on sale in China in the fourth quarter, entering a market that has more subscribers than the combined populations of the United States and the 16 nations that share the euro. China Unicom (Hong Kong) Ltd., the country's second- biggest provider of mobile-phone services, will sell the original iPhone 3G and the 3G S model in the nation. Apple will compete with Research In Motion Ltd.'s BlackBerry and handsets powered by Google Inc.'s Android software in China, where shipments of smartphones may triple by 2013, according to research company IDC. The world's third-biggest economy has defied a global recession by continuing to grow, fueling demand for luxury products including the iPhone from its 695 million mobile-phone users.
Compiled from staff and wire reports. Got Bay Area business news? Reach Drew Voros at 925-943-8099 or firstname.lastname@example.org.