No, the aforementioned Hyperloop isn’t some kind of science fiction-esque teleportation device. Sorry to disappoint. Although with Elon Musk’s background in companies that push the boundaries of what’s possible in the private sector, it wouldn’t have been completely out of the blue. Instead, Hyperloop is what Musk calls the “fifth mode” of transportation, as an alternative to cars, planes, trains and boats.
The tolerance assignment approach used by most organizations offers opportunities to reduce cost and improve quality through tolerance relaxation. While quality improvement based on relaxed tolerances seems counterintuitive, a quick look at how tolerances are assigned and the consequences of overly-stringent tolerances reveal why this is so.
Toyota Financial Services (TFS) announced that George Borst, the company’s U.S. leader of 16 years will be retiring effective September 30, 2013, after which he will assume the role of Executive Advisor until the end of calendar year 2014. Appointed to replace Borst is Mike Groff, currently Senior Vice President, Sales, Marketing & Product Development at TFS.
BMW AG is showing off the production model of its new i3 electric compact that uses carbon-fiber materials to keep the weight down and improve driving performance. CEO Norbert Reithofer stressed at a New York unveiling that the car was designed as an electric from the ground up. The i3 is "born electric," he said.
Four out of five U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
Halliburton has resolved a U.S. Justice Department criminal probe of its role in the 2010 Gulf oil spill by agreeing to pay a $200,000 fine and admitting it destroyed evidence, but the company still has a powerful incentive to cut another deal with businesses and residents.
The company that wants to build a $1.2 billion fertilizer plant in either northern Iowa or eastern Illinois has offers of incentives from both states and plans to choose a site in 30 to 60 days. Illinois Gov. Pat Quinn signed economic legislation Thursday that includes incentives to try to convince Cronus Chemical LLC to build in the state.
More than a year after Japan's Supreme Court ordered camera and medical-equipment maker Olympus to stop punishing a whistleblower and reinstate him to his regular job, Masaharu Hamada is still fighting his courtroom battle. On Monday, he got company.
Toyota says it will boost production of the Highlander SUV at its southwestern Indiana plant and add 200 jobs there next year. The Evansville Courier & Press reports Toyota Motor Manufacturing Indiana Inc. announced Friday that it's increasing Highlander production by 15,000 units at its Princeton plant as part of a $30 million investment.
Senator Amy Klobuchar from Minnesota explains that while there are more manufacturing jobs in the U.S. after the economic recovery, a low percentage of woman are taking work in factories.
Engineering students taking part in the Formula Student racing car project at the University of Liverpool have benefited from a donation of several torsion springs from Lee Spring UK. Formula Student is an international competition that sees student led teams around the world design, build, and race single seat racing cars.
Game Plan is the only e-commerce Forum for the B2B market of Brands, Manufacturers, and Distributors. Brian Walker, Senior Vice President of Strategy at hybris, shares his thoughts on the importance of a B2B forum such as Game Plan. This is a place where B2B thought leaders can come together and discuss what is happening in the current market.
A labor rights group Monday accused a Chinese company that makes iPhones for Apple Inc. of abuses including withholding employees' pay and excessive working hours. China Labor Watch said it found violations of the law and of Apple's pledges about working conditions at factories operated by Pegatron Corp., a Taiwanese company.
Work will continue at Firestone's tire manufacturing plants in Iowa, Arkansas, Illinois and Tennessee thanks to a tentative contract agreement the company reached with its steelworkers union. Steelworkers at the Des Moines Firestone tire manufacturing plant tentatively agreed to a contract Friday, averting a strike, The Des Moines Register reported.
Boeing Co. has expanded inspections of emergency locator beacons made by Honeywell International to include five more aircraft types after problems were discovered with the transmitters on 787 jets. Boeing's marketing vice president Randy Tinseth says in a blog dated Sunday that the aircraft manufacturer is asking operators to inspect the battery-operated beacons which activate in a crash to help rescuers find a plane.
Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation. Economic development publication Business Facilities has released its annual ranking, showing Tennessee the top state. Economic and Community Development Commissioner Bill Hagerty called the ranking "an impressive distinction."
The Europe Union and Chinese solar panel exporters said Saturday that they had reached a settlement in their long trade dispute, with the exporters agreeing to sell their products at a minimum price in the EU market. The agreement ends one of the biggest-ever trade disputes between China and Europe — a row that threatened to escalate into a full-blown trade war involving European wines and to disrupt EU-China relations.
Ford Motor Co. is recalling 33,021 C-Max hybrid cars because they may not adequately protect occupants' heads in a crash. Vehicles involved were made between Jan. 19, 2012, and June 25, 2013 and don't have panoramic roofs. C-Max hybrids with panoramic glass roofs aren't involved in the recall.
With reporting requirements for the SEC’s Dodd-Frank mandated Conflict Minerals Rule coming due on May 31, 2014, companies are scrambling to determine their next steps in providing transparency required under the new rule, according to PwC. A survey found that almost half of the nearly 900 executives surveyed are still in the initial stages of their compliance efforts, while 32 percent are determining if the rule applies to them.
The city of Detroit's bankruptcy is an American tragedy and an entirely preventable one. The downward spiral began decades ago when deindustrialization led to depopulation, crime and declining public revenues. Corruption and mismanagement may have exacerbated the problem, but they weren't the root cause.