SEOUL, South Korea (AP) — Hyundai Motor Co., South Korea's largest automaker and a growing force in the global industry, said third-quarter net profit more than tripled to a record high amid sharply higher sales. Hyundai Motor said in a regulatory filing Thursday that it earned 979.
PEORIA, Ill. (AP) — Caterpillar Inc., the world's largest maker of construction and mining equipment, said Thursday that Douglas Oberhelman will become the company's CEO starting in July of next year. The Peoria, Ill.-based company said Oberhelman, 56, will succeed current Chief Executive Jim Owens on July 1.
WASHINGTON (AP) — The Treasury Department on Thursday is expected to order seven companies that have not paid back last year's government bailouts to halve their top executives' average compensation. The cuts apply to the 25 highest-paid executives at banks and other companies that received the most assistance, with salaries being slashed by as much as 90 percent, according to a person familiar with the matter.
DES MOINES, Iowa (AP) — Officials say a cotton glove found in a meat grinder at a Des Moines meatpacking plant stopped production and led to an inspection of about 40,000 pounds of meat. Police have no motive for last Thursday's incident at Swan Packing Inc. But the plant's general manager, Jerry Rowles, blames a disgruntled employee who police have yet to identify.
Unlike imbalance, misalignment does not produce forces that are similar in the radius of the machine. Vibration in one radial direction may be very different in amplitude when compared to vibration in another radial direction. This is one instance where amplitude readings are not only helpful in detecting a problem but also helpful in diagnosing a problem.
Yesterday Steve Rattner, the former head of Obama's automotive task force, said he was alarmed by the "stunningly poor management" of GM and Chrysler earlier this year and considered GM to have "perhaps the weakest finance operation any of [the task force] had ever seen in a major company." Ouch.
With a heritage covering almost a century, Bentley Motors is among the world’s most iconic brands. The mixture of speed and luxury combine in the Continental and Arnage ranges to suit the world’s most discerning drivers. From Bentley’s Crewe, UK plant, the company produces limited numbers of hand-finished cars that incorporate the famous leather and wood craftsmanship that typify the brand.
While it may not sound very exciting, a Loss Run Report documents information about your company’s Workers’ Compensation claims––and that includes where your money is going. Loss run reports come from your insurance company or Third Party Administrator (TPA). While some reports are more thorough than others, there is always useful information on job-related accidents and claims.
HELENA, Mont. (AP) — A woman is suing the maker of Louisville Slugger aluminum baseball bats over the 2003 death of her son, who was hit with a ball during a youth league baseball game. Opening arguments began Tuesday in Helena's district court. Debbie Patch says her teen son Brandon was pitching for the Miles City Mavericks when a ball hit by a Helena Senators batter struck him in the temple, causing a fatal injury.
Beijing Autos (BA) says it doesn’t know anything about the ex-engineer who photocopied thousands of documents and coincidentally took an overseas vacation to shop his merchandise to the highest bidder. Yeah, and I denied it when the side view mirror disappeared out of my father’s truck and a bird was left to take the rap.
WASHINGTON (AP) — The shockingly poor financial management of General Motors and Chrysler weakened their case for a government bailout, but officials feared letting the automakers collapse would severely harm the U.S. economy, the former head of the Obama administration's auto task force says.
SAN FRANCISCO (AP) — Sun Microsystems Inc. plans to eliminate up to 3,000 jobs, or 10 percent of its worldwide work force, as it awaits a takeover by Oracle Corp., a deal being held up by antitrust regulators in Europe. The layoffs Sun outlined Tuesday in a regulatory filing are the latest in a series of job cuts at the world's No.
Boeing Co. lost $1.6 billion in the third quarter as charges from its delayed 787 and revamped 747 dragged down results. Those charges also forced the airplane maker to slash this year's profit forecast. Shares of the Chicago-based company fell $1.22, or 2.4 percent, to $50.67 in pre-market trade after results were announced Wednesday.
WASHINGTON (AP) — Fisker Automotive, a California-based startup manufacturer of luxury electric vehicles, plans to announce shortly the location of a U.S. manufacturing facility where it will build plug-in electric vehicles, its top executive said Tuesday. Henrik Fisker, the company's co-founder and chief executive, declined to elaborate on the site of the retooled plant but said in an interview that the company considered several existing factories.
SIOUX FALLS, S.D. (AP) — The owner of a South Dakota packing plant who left behind 44 tons of rotting kosher bison meat when he relocated his business to Minnesota has agreed to pay part of the cost of cleaning up the mess, his attorney said. Mike Unke, an attorney for Ilan Parente, said his client will pay back some of the $11,151 in costs it took to clean up the Bridgewater Quality Meats plant after it closed in January 2008.
BISMARCK, N.D. (AP) — Bobcat Co. workers have been told production will end Dec. 23 at the company's Bismarck plant. Bobcat, which makes skid steer loaders and other light construction equipment, sent notices to its hourly workers this week. Spokeswoman Laura Ness Owens said the plant always has closed from Dec.
To celebrate its 50th year, the Insurance Institute for Highway Safety (you know, those guys who crash cars together) lined up a classic 1959 Chevrolet Bel Air with its contemporary counterpart, the 2009 Chevrolet Malibu. Let the games begin. If nothing else, this video presents a vivid example of why manufacturing must always innovate and improve, because nothing we've ever made is perfect, and everything we make now will soon be obsolete.
The Model 1640 from Detcon (The Woodlands, TX) is a newly designed gas detection alarm and control with a microprocessor-based control card to supervise and display the condition of 16 field-mounted gas detection sensors with either 4-20mA or serial RS-485 output. A backlit display provides indication of gas type and current reading in normal operation.
The Mini-Hermet from SOR (Lenexa, KS) is a robust pressure switch for field-mounting with a hermetically-sealed, explosion-proof steel housing. In addition, the set point can be adjusted without declassification of the hazardous area. The switch is ideal for hazardous locations where stainless steel exterior parts are required and where space is limited, notably offshore platforms or lube oil systems.
The Duro-Tank Stainless Steel Recirculating System from A.W.T. (Chicago, IL) has been designed for use with a washout sink and uses biodegradable chemistry to clean a variety of objects. The closed-loop recirculating system uses multistage filtering to reduce chemical consumption by as much as 80 percent.