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Feds Probe 3 Chrysler Models For Engine Stalling
May 14, 2013 10:20 am | by Tom Krisher, AP Auto Writer | News | CommentsU.S. auto safety regulators are investigating complaints that the engines can stall without warning in three Chrysler and Dodge brand cars. The probe covers more than 192,000 Chrysler 300C luxury cars, Dodge Charger muscle cars and Dodge Magnum wagons from the 2006 model year. The cars have 5.7-liter or 6.1-liter V-8 engines.
2 Hurt In Explosions, Fire At WV Gas Plant
May 14, 2013 10:19 am | by Pam Ramsey, Associated Press | News | CommentsTwo workers were injured Monday when highly flammable gas used in welding exploded at a West Virginia industrial site, officials said. Fire crews were sent at about 3:20 p.m. to Airgas, a distributor of specialty gases in Poca, outside of Charleston. Putnam County emergency management director Frank Chapman said the explosion involved about 50 tanks of acetylene that were at Airgas waiting to be refilled.
Nissan Chief Welcomes Yen Fall For Luxury Brand
May 14, 2013 10:17 am | by Yuri Kageyama, AP Business Writer | News | CommentsNissan Motor Co. President Carlos Ghosn welcomed the yen's recent decline to what he called "neutral" levels for the Japanese automaker's profitability, but said Tuesday it must drop further to be "normal." "The abnormal situation of the yen is hopefully something of the past," he told reporters at the roll-off ceremony for a new Infiniti luxury model, the Q50.
Automotive Supplier Breaks Ground In AL
May 14, 2013 10:15 am | by The Associated Press | News | CommentsAn automotive company is investing $12 million in an expansion that will lead to about 100 new jobs in southeast Alabama. Gov. Robert Bentley and other officials were on hand Monday as HS Automotive Alabama Inc. broke ground for a new facility in Enterprise.
Beechcraft Gets $210M Military Contract
May 14, 2013 10:13 am | by The Associated Press | News | CommentsA unit of Beechcraft Corp. says production will begin this month in Wichita on 35 training aircraft for the military. Beechcraft Defense Co. on Monday announced the signing of a $210 million contract with the Air Force, under the government's Joint Primary Aircraft Training System procurement contract.
Mind The Gap
May 14, 2013 8:05 am | by Neil Mehltretter, System Design and Engineering Manager, Kaeser Compressors, Inc. | Blogs | CommentsVariable speed control compressors can be an important component of an optimized system provided that it is properly applied. Variable speed is not, however, a simple panacea for instant compressed air system efficiency. The dynamics of the control must be understood and the machines properly sized.
PwC: Strategies To Enhance Business Opportunities In India
May 14, 2013 8:00 am | by PwC | Articles | CommentsAccording to PwC, India has potential to be the fastest-growing large economy in the world over the next four decades, but businesses find its economic and cultural diversity, complicated policy-making processes and uneven development difficult to navigate.
Natural Gas Export Plans Stir Debate
May 13, 2013 2:28 pm | by Matthew Daly, Associated Press | News | CommentsA domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
Bobcat Breaks Ground On $20M ND Facility
May 13, 2013 2:27 pm | by The Associated Press | News | CommentsBobcat Co. is investing $35 million in an expansion and renovations in Bismarck, about 3 ½ years after closing its manufacturing plant and laying off nearly 500 workers. The compact construction equipment maker broke ground Monday on a $20 million research-and-development facility at its existing site at the Northern Plains Commerce Centre.
Regulators Probe Ford Truck Steering Issue
May 13, 2013 2:25 pm | by The Associated Press | News | CommentsU.S. safety regulators are investigating complaints that problems with steering-gear boxes are causing a loss of control in some Ford trucks. The probe by the National Highway Traffic Safety Administration covers an estimated 340,000 F250 and F350 Super Duty Trucks from the 2008 model year.
Drug Manufacturer Agrees To $500M Penalty
May 13, 2013 2:23 pm | by Eric Tucker, Associated Press | News | CommentsA subsidiary of an Indian pharmaceutical company has agreed to pay $500 million in ines and civil penalties for selling adulterated drugs and lying about tests to federal regulators, the Justice Department said Monday. The guilty plea by Ranbaxy USA Inc. represents the largest financial penalty by a generic drug company for violations of the Federal Food, Drug and Cosmetic Act, which prohibits the sale of impure drugs, prosecutors said.
Leaving Bangladesh? Not An Easy Choice For Brands
May 13, 2013 2:18 pm | by Anne D'Innocenzio, Jonathan Fahey, AP Business Writers | News | CommentsBangladesh offers the global garment industry something unique: Millions of workers who quickly churn out huge amounts of well-made underwear, jeans and T-shirts for the lowest wages in the world. But since a building collapse April 24 killed at least 1,100 garment workers in Bangladesh in one of the deadliest industrial tragedies in history, the country has gone from one of the industry's greatest assets to one of its biggest liabilities.
March U.S. Manufacturing Technology Orders Up
May 13, 2013 1:34 pm | News | CommentsMarch U.S. manufacturing technology orders totaled $507.91 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 30.4 percent from February and up 3.2 percent when compared with the total of $491.96 million reported for March 2012. With a year-to-date total of $1,278.05 million, 2013 is down 5.0 percent compared with 2012.
Building Apple's iPhone Doesn't Pay Like It Used To
May 13, 2013 11:52 am | by ReutersTV | Videos | CommentsApple's legendary profit margins may be challenged if the firm releases its long-rumored low-end iPhone later this year. But the ones really feeling the pinch will be its suppliers. Apple does none of its own production and relies on Asia's contract makers - the biggest of the bunch being Foxconn. Foxconn draws an estimated 60 to 70 percent of its business from work commissioned by Apple.
AP: Cars Made In Brazil Are Deadly
May 13, 2013 10:08 am | by Bradley Brooks, Associated Press | News | CommentsThe culprits are the cars themselves, produced with weaker welds, scant safety features and inferior materials compared to similar models manufactured for U.S. and European consumers, say experts and engineers inside the industry. Four of Brazil's five bestselling cars failed their independent crash tests.
