The clock is running as legislators seek information about a $1.1 billion steel plant proposed for Osceola. As of Monday, the House and the Senate have 18 working days to look into whether it would be right for the state to $125 million to help finance the project.
Honda is moving its North American leadership from California to a major factory campus in Ohio. The Japanese automaker said Friday that about 50 leadership and support jobs will move to Marysville, Ohio, near Columbus. But the company says its American headquarters and about 2,500 workers will remain in Torrance, Calif., near Los Angeles.
A survey shows China's manufacturing activity this month has declined to a four-month low in a reminder of possible threats to its shaky economic recovery. HSBC Corp. said Monday the preliminary version of its purchasing managers index for February fell to 50.4 on a 100-point scale on which numbers above 50 show activity expanding. That was down from January's 52.3.
Huawei, a Chinese company that recently became the world's third-largest maker of smartphones, calls its new flagship product "the fastest smartphone in the world" and wants to use it to expand global awareness of its brand. Parts of the presentation of the phone at a press conference Sunday in Barcelona, Spain, suggest that the company has some way to go in polishing its pitch for a global audience.
National Association of Manufacturers (NAM) President and CEO Jay Timmons delivered a speech on the state of manufacturing at the Detroit Economic Club. His address touched on what manufacturing has meant to America’s past and focused on how critically important it is to our nation’s present and future.
Will your company commit to a maintenance contract and stay up to date with latest core releases and features? If not, consider SaaS, where the software is always representative of the latest release and feature set. Legacy systems that are not maintained and updated are preventing businesses from embracing enabling technologies.
The AML-LED-WP40-M Mechanics LED Work Light produces high output illumination comparable to metal halide fixtures, yet is smaller, cooler running, and more versatile, according to the company.
Scientists at a lab at the Savannah River Site are studying ways to power vehicles using natural gas. The Savannah River National Laboratory is partnering with Ford Motor Co., the University of California-Berkeley and BASF. The project is funded by a $5.5 million grant by the U.S. Department of Energy.
Heavy machinery manufacturer Caterpillar Inc. is considering closing its distribution facility in central Pennsylvania. The York Distribution Center in Springettsbury Township employs 250 people. Caterpillar spokesman Jim Dugan says the workers were notified in September about the possibility the facility could move elsewhere in the eastern U.S.
Japanese authorities have identified the causes of fuel leaks and other problems with Boeing's 787 but are still investigating the more serious battery problem that forced an emergency landing in January and the worldwide grounding of the jets.
Barnes Group Inc., which makes parts for aerospace and other industries, said Friday that it will sell its North American distribution business to MSC Industrial Direct Co. for $550 million. Shares of both companies rose on the news. Barnes Group also named a new chief executive officer and reported improved fourth-quarter earnings.
Mitsubishi Plastics Inc. said Thursday it will set up a new plant in Germany to produce aluminum and metal composite materials in 2014. The construction of the plant in the city of Wiesbaden marks the Japanese company's first production base in Europe for the materials, which are mainly used in the construction industry for interior and exterior panels.
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.