Overall, confidence in the equipment finance market is up for the third consecutive month at 58.7, an increase from the January index of 54.2, reflecting industry participants’ increasing optimism despite a wary eye on economic conditions and government management of fiscal policies.
Ford's Americas President Joe Hinrichs talks with CNNMoney about Ford's plan to bring manufacturing back to the United States, Ford's eco-boost engine overcapacity in Europe, and the growing North American demand for the eco-boost engines. This growing demand for fuel-efficient vehicles has prompted Ford to expand engine production in the U.S., adding 450 jobs at one of the company's Ohio plants.
United Airlines cut the grounded Boeing 787 from its flying plans at least until June and postponed its new Denver-to-Tokyo flights on Thursday, as airlines continued to tear up their schedules while the plane is out of service. Investigators are still trying to figure out what caused a battery fire in one plane and forced the emergency landing of another plane last month. The world's 50 787s have been grounded since Jan. 16.
West Virginia environmental regulators are seeking nearly $250,000 in new water pollution fines against the owner of a Northern Panhandle chemical plant under revisions to a settlement reached more than two years ago. The Department of Environmental Protection says the the plant has struggled to consistently meet the mandatory pollution limits for various chemicals.
The chief executive of United Technologies Corp. expects automatic federal budget cuts will take effect in eight days, taking a nick out of earnings of the aerospace giant. CEO Louis Chenevert told investor analysts Thursday that the cuts, which are known in Washington as the "sequester," look more likely. He says earnings would be reduced by 10 cents per share in the "worst case."
Yamaha Motor Co. will build a motorcycle plant in Pakistan with the aim of starting production in 2015, in an attempt to expand its business in an untapped emerging market, company President Hiroyuki Yanagi said Friday in an interview with Kyodo News.
German automaker Volkswagen AG says its net profit increased 41 percent for 2012 to €21.7 billion ($28.7 billion) on a 21 percent rise in revenues. Volkswagen said in a press release Friday ahead of its full-earnings next month that revenues were up to €192.7 billion. The number of vehicles delivered worldwide last year by the group topped 9 million for the first time, rising 12.2 percent to nearly 9.3 million.
Toyoda Gosei Co. said Friday it will build a new plant in Brazil to produce auto components starting in November 2014. Toyota Gosei, an affiliate of Toyota Motor Corp., said it will invest 90 million real (about 4 billion yen) on the plant to produce rubber and plastic automotive components as vehicle production in South America is expected to grow.
Few business leaders would argue that the ability to predict demand with precision is critical to the future success of their organization. Surely, every CEO in the world would love the real world equivalent of a crystal ball?
From corporate offices to clothing manufacturers, most industries have begun to seriously invest in sustainability. As customers become increasingly aware of the conditions in which the products they buy are made and transported, organizations should pay closer attention to transforming their own supply chains for a greener good.
Electric car maker Tesla Motors Inc. said Wednesday that its fourth-quarter net loss grew by 10 percent due to higher costs during the production start for the new Model S. The Palo Alto, Calif., company said in a letter to shareholders that it expects to be "slightly profitable" in the first quarter, excluding noncash option and warrant expenses.
Ford is preparing for a day in the near future when a small four-cylinder engine will be the motor of choice in most of its vehicles, perhaps even in pickup trucks. Demand for the company's 2-Liter turbocharged engine is growing so fast in North America that Ford announced plans Thursday to start building the engine late next year at a factory in Brook Park, Ohio.
More layoffs are coming to wind turbine manufacturer Vestas. The company announced Thursday it was cutting about 10 percent of its manufacturing work force in Colorado. It blamed the battle in Congress over a tax credit for wind generators. Congress last month granted a last-minute one-year extension of the $12 billion credit.
Lockheed Martin Corp. will pay $19.5 million to settle a lawsuit claiming that the defense contractor misled investors. The company disclosed the settlement in a filing Tuesday with the U.S. District Court in New York. Lockheed denied violating any securities laws or misleading investors but said it settled because of the cost and uncertainty of going to trial.
A federal judge in Pittsburgh says United States Steel Corp. can randomly test new employees for drugs and alcohol, rejecting a challenge by the Equal Employment Opportunity Commission which sued claiming a worker was fired when she falsely tested positive for drinking because she was diabetic.
Boeing has developed a plan that it intends to propose to federal regulators to temporarily fix problems with the 787 Dreamliner's batteries that have kept the planes on the ground for more than a month, a congressional official told The Associated Press on Wednesday.
A straight-talking U.S. businessman and a European socialist government were never likely to become the firmest of friends, but a letter from Maurice Taylor, CEO of tire-maker Titan International, blasting the French work-ethic has ruffled France's feathers.
French workers have hit back at scathing comments made about them by an American tycoon. Maurice Taylor, the CEO of U.S. tire company Titan International told France's industry minister in a letter published by French media that he didn't want to take over a struggling tire plant as the workforce ''works only three hours.''
The heavy duty connectors are designed to maintain reliable electrical connections while providing protection against dirt, moisture, and mechanical stress common in industrial environments.
The Dockmaster™ LED loading dock light is the current titleholder of the brightest and most reliable LED dock light in the Americas, according to the company.