STOCKHOLM (AP) — Crisis-hit car maker Saab has struck a $40 million deal to sell and lease back property in an effort to improve its ailing finances that have forced it to halt production and withhold workers' salaries. If approved by Swedish and European regulators, Tuesday's property deal could help Saab ease a severe cash shortage that has pushed the loss-making Swedish brand closer to bankruptcy.
WASHINGTON (AP) — President Barack Obama will tout manufacturing as a key to America's economic success during a trip to Iowa, as he seeks to counter criticism of his policies by Republican presidential candidates who have descended on the state. The trip Tuesday is Obama's first to Iowa since announcing his re-election campaign earlier this year.
CHICAGO (AP) — Boeing Co. says its new 787 is beginning the final phase of flight testing and repeated that it should be ready for delivery in August or September. The final flight testing includes simulations of abnormal operations. It also tests long-range flying, including the 787's ability to divert to a far-away airport on just one engine.
Today’s food business is a swirling sea. World-wide political, economic and social changes, instant communications and the ceaseless ebb and flow of global trade are radically altering how companies must navigate. Industry players have two options: they can scramble to change supply chain strategy based on every new development, or they can accept that some complexity is not only unavoidable and uncontrollable, but even desirable.
Riten Industries, Inc. (Washington Court House, OH) developed Extra-Light live centers specifically to turn or grind parts weighing as little as two ounces. According to the company, these parts are often too flimsy to turn the larger bearings found in typical live centers, resulting in galling or excessive wear on the tip of the live center.
The HC-150 and HC-300 desiccant dehumidification units from Munters Corp. (Amesbury, MA) have been inspected, tested, and approved for ETL compliance to UL 1995 specifications. According to the company, the off-the-shelf units combine air desiccant technology with dependability and long-lasting life for humidity control at virtually any temperature.
Clear Automation (Southington, CT) has announced its new 100 parts-per-minute label applicator system, which was designed with a Fanuc robot, Herma labeler, and a graphical touch-screen human machine interface. Bottles travel to the cell along a conveyor, upright in pucks, which are fed by a servo-driven screw that spreads them to match the pitch of a linear indexer.
Eriez (Erie, PA) has developed its heavy-duty Model CF Metal Separator, which can be installed directly above the material feed throat of an extruder, injection molding, or blow molding machine. It removes both magnetic and non-magnetic metal contaminants from a slow, downward moving column of material, reducing machine downtime, costly repairs, and improving product purity.
SPRINGDALE, Ark. (AP) — Approximately 300 people at a Tyson Foods processing plant were evacuated and 100 sent to local hospitals after an accidental mixture of chemicals created a chlorine gas inside part of the plant Monday morning. The workers were forced from Tyson's Berry Street plant in Springdale, company spokesman Gary Mickelson said.
EAST PEORIA, Ill. (AP) — The Occupational Safety and Health Administration has cited Caterpillar Inc. for three safety violations and has proposed a $66,000 fine following a December 2010 accident that injured an employee. OSHA said in a news release Monday that the employee was injured while trying to clear a jammed piece of equipment in a Caterpillar plant in East Peoria.
CAMDEN, Arkansas (AP) — The U.S. Army has awarded a $286 million contract to General Dynamics for the production of air-to-ground rockets. Under the contract, the Hydra-70 rockets are to be delivered by April 2015, General Dynamics Armament and Technical Products, a business unit of General Dynamics, announced in a news release Monday.
DETROIT (AP) — The head of General Motors Co.'s North American operations believes that new contract talks with the United Auto Workers will be different from the contentious bargaining of the past. Mark Reuss, GM president for North America, said Monday that the two sides have been talking informally for the past 18 months about items that can benefit both the company and the union.
NEW BRITAIN, Connecticut (AP) — Tool maker Stanley Black & Decker Inc. said Monday it has offered almost $1.04 billion for the Swedish commercial security and monitoring company Niscayah, topping a competing bid. The offer amounts to roughly $2.78 per share, or 18 Swedish krona, Stanley said, and added that is 15 percent above Niscayah's closing price on Friday.
CHRISTOPHER S. RUGABER,AP Economics Writer WASHINGTON (AP) — For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gas prices and unemployment are squeezing household budgets. When adjusted for inflation, spending actually dropped 0.
The automotive industry is a little more than 100 years old, and one can't help but wonder how advancements in technology will allow automotive leaders to address the negative effects and leverage the positive effects that cars and trucks have on our world. Bill Ford is a car guy — his great-grandfather was Henry Ford, and he grew up inside the massive Ford Motor Co.
The Solar Impulse is a solar-powered aircraft with the wingspan of a passenger plane and the power of something much smaller, like a scooter. While it might appear to be useless technology right now — it’s only able to hold a pilot and a large pack of batteries — Bertrand Piccard, the President of Solar Impulse, says that his product is exactly like Charles Lindburgh’s Spirit of St.
Washington, DC — New research released on the eve of the one-year anniversary of China’s announcement that it would adopt a more “flexible” exchange rate policy reaffirms the need for Congress to pass tough legislation to address currency manipulation, said the Alliance for American Manufacturing (AAM) and the sponsors of the Currency Reform for Fair Trade Act .
MILAN (AP) — As the Fiat and Chrysler automakers go global, so do their unions. Fiat and Chrysler unions worldwide this week agreed to join in a global network aimed at a constant flow of information and defining a common strategy. The unions said they may try to replicate a worldwide framework agreement for minimum union rights that exists at Volkswagen, Psa-Peugeot and Renault.
YOKOHAMA, Japan (AP) — Nissan Chief Executive Carlos Ghosn unveiled an ambitious six-year plan for growth Monday, including a target of boosting the carmaker's share of the global auto market to 8 percent. Nissan Motor Corp. hopes to reach the market share target in the fiscal year ending March 2017, in part by focusing on growth in countries such as China, Brazil, Russia and India.
In this June 7, 2011 photo is a mine vehicle, powered by a Harley motor, at the Harley-Davidson Museum in Milwaukee. The cart, which was created by a mine worker in northern California around 1926, is part of a new exhibit, "Collection X: Weird, Wild Wonders of the Harley-Davidson Museum," which runs through Aug.