Hon Hai Precision Industry Co., the Taiwanese contract electronics manufacturer known as Foxconn, is buying an 8.88 percent stake in Woodman Labs Inc., the maker of the GoPro line of camcorders for surfing and other sports, for $200 million.
Most manufacturing and distribution warehouses rely on conveyor systems to keep their daily operations running. Fortunately, well-trained operators and maintenance technicians can reduce the risk of conveyor downtime by executing a preventive maintenance plan. In addition to avoiding the stress of missed shipment deadlines and lost profits, preventive maintenance keeps conveyors running at peak efficiency.
Economic growth in the United States will continue in 2013, say the nation’s purchasing and supply management executives in their December 2012 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report On Business®.
China's government says it will encourage mergers among producers of solar panels to strengthen an industry that has suffered huge losses due to excess production capacity and price-cutting wars. The announcement, which analysts have expected for months, comes as Beijing faces trade sanctions by the United States and possibly Europe over complaints its support for solar panel producers violates trade rules.
Fiat CEO Sergio Marchionne will invest €1 billion ($1.32 billion) in the auto company's southern Italian factory to produce two SUV new models for global export. The Italian automaker hopes the investment will revive its severely underutilized plants in its home country — where new car registrations are down by 20 percent this year, compared with 7 percent in the European Union.
Weeks after a critical West Coast port complex was crippled by a few hundred striking workers, the East Coast is bracing for a possible walkout numbering thousands that could close 15 ports from Massachusetts to Texas. The latest talks between shipping companies and dockworkers broke down Tuesday, less than two weeks before the contract expires Dec. 29, leading to worries a strike was inevitable.
The Toyota Camry, the best-selling car in the U.S., performed poorly this year in a new crash test and failed to get the best safety rating from an insurance industry group. The Insurance Institute for Highway Safety gave the Camry a "Poor" rating on a test that measures how well people are protected when the front corner of a car hits another car or an object.
Wind energy advocates are pushing for the credit renewal. The American Wind Energy Association, quoting a study by Navigant Consulting, said a new U.S. manufacturing sector and 37,000 jobs could be lost by the first quarter of 2013 if Congress fails to act.
PSA Peugeot Citroen and GM have unveiled the first vehicles they will develop together as part of a joint venture they hope will reduce costs and re-energize their businesses. The French and American automakers said Thursday that they plan to share development for three kinds of cars: a small family van, a small multi-purpose van and a low-emissions vehicle.
The Surface is Microsoft's attempt to break into the tablet market that the iPad has been dominating since it came out nearly three years ago. The first tablet the PC company has made, Microsoft's Surface tablet's healthy profit margin could make it a big winner.
With one of the busiest holiday travel seasons of the year about to begin, air traffic control procedures are set to receive a 21st century face lift. Aircraft industry giant Boeing is in the final stages of testing out a new system that gives airplanes tailor-made landing paths, a technology they say will decrease airlines delays and cut harmful fuel emissions significantly.
The Ford C-Max Energi Hybrid may look like an appliance, but it is a surprisingly fun, peppy, and fuel efficient car. The C-Max Energi Hybrid plugin model allows drivers to go an additional 20 miles on electricity only from wall outlet. A compact car, the C-Max is designed for maximum cargo and allows drivers to open the tailgate with their foot.
CNET Editor-at-Large Brian Cooley lists the top gadgets of 2012 and gives tips on picking the right products. He covers the top smartphones (his top pick: the Galaxy S3), the top tablets (the Nexus 7 or the new Microsoft Surface), the top computers (the MacBook Air), the top e-readers (none, go cheap, he says), and the top TVs (plasma).
The OilSafe® Work Center provides safe, compact bulk storage and contamination control to promote best practices for Lean manufacturing, 5Rs, 5S, and OSHA® right-to-know compliance, says the company.