A union leader says Ford officials have summoned union representatives from its Genk, Belgium, factory to an urgent meeting Wednesday. "We don't know what they're going to say," the union official said. "We can't tell you anything." Ford Motor Co.has been under pressure in Europe due to the region's dwindling demand for cars.
Japanese transportation equipment company Toyota Industries, a sister company of automaker Toyota Motor Corp., is buying one of its suppliers, U.S. parts maker Cascade, in a deal valued at $759 million. Toyota Industries Corp. will pay $65 per share for Cascade, the companies said Monday.
Oshkosh Corporation, a leading manufacturer of specialty vehicles and vehicle bodies, today issued the following statement in response to Carl Icahn’s October 22, 2012 open letter to shareholders. Goldman, Sachs & Co. is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP and Foley & Lardner LLP are serving as legal advisors to the company.
Officials say German automaker BMW AG will build a factory in southern Brazil. Santa Catarina state Gov. Raimundo Colombo says BMW will invest approximately 1 billion reals ($500 million) to build the plant. Colombo tells the state government's website he will meet with President Dilma Rousseff on Monday "to explain details of the investment."
CNN's Fareed Zakaria reports that cars have gotten increasingly heavier, and says Americans can save money by putting gas guzzlers on a diet. He talks with Amory Lovins, chief scientist with the Rocky Mountain Institute, about Lovins design for the lighter car of the future.
A company based in Washington state that makes equipment for the electric power industry has announced it's more than doubling the size of its plant in the northern Idaho city of Lewiston. The expansion will give the Pullman-based company room for more than 750 employees in Lewiston.
Caterpillar Inc. cut its profit and revenue guidance on Monday, saying the world's economic conditions "are weaker than we had previously expected." The Peoria, Ill., company is the world's largest construction and mining equipment maker, so its results are watched closely as a sign of where the broader economy is headed.
Caterpillar's CEO has again criticized Illinois' political leaders and what he calls the state's uncompetitive business environment, while affirming that the heavy equipment maker will keep its headquarters — and thousands of jobs — in Peoria.
Union officials are meeting with workers at Boeing's North Charleston plant. The informal sessions with the International Association of Machinists and Aerospace Workers have only attracted a few dozen employees. But the meetings are especially sensitive after the fight between the union and Boeing after the company announced it was building an assembly plant in South Carolina.
The National Highway Traffic Safety Administration says on its website that the vehicles may have been equipped with transverse link bolts and power steering rack bolts that were not torqued to proper specification. The vehicles were made from May 10 through July 26.
The German industrial conglomerate, whose products range from trains to turbines, said Monday it's in talks with possible buyers, but offered no details. It said the move is part of a wider effort to increase its productivity and efficiency. The solar power industry has been hit by falling subsidies, weaker sales and increasingly stiff price competition, especially by Chinese manufacturers.
It’s easy to see the benefit of undertaking the effort to implement an MES system. They effectively collect, process, and translate valuable business data related to the plant floor and the enterprise resource planning system. But the adoption process can be fraught with risk and uncertainty, depending on the approach a manufacturer takes.
Operating in a “niche within a niche” is how the managing director of a tool maker and manufacturer of precision scientific instruments – some of which are currently operating in space, one-and-a-half-million kilometres away from Earth – describes his company.
These heaters are available in various sheath materials including 316 passivated stainless steel, steel, copper, and Incoloy®840.
The Speedy Board incorporates fork lift cut-outs to the leading edge of the board that allow the fork lift operator to quickly and safely “scoop” the board and move it into place.
This 24-page collection of product information presents a broad array of doors from strip doors to roll-up doors to insect screens.
All parts are designed with offset surfaces and interlocking flanges so that no cracks exist in the joints, minimizing the potential for contamination.
The new Snap-on Industrial Brands catalog includes detailed information on more than 7,100 professional tool and equipment items—a 15 percent increase from its previous edition.
These “environmentally bulletproof” field devices include fully encapsulated sensor electronics housed in a stainless steel enclosure.