DETROIT (AP) — Hourly workers at General Motors Co. could get $3,000 or more in profit-sharing this year, their biggest checks ever, according to a newspaper report Tuesday. The Detroit company, just a year and a half out of bankruptcy protection, made $4.2 billion in the first three quarters of this year and is expected to post a fourth-quarter profit in the coming weeks.
In his Jan 25, 2011 State of the Union address, President Obama focused on the need to create jobs, especially manufacturing and technical jobs, and the challenge of doing so in an increasingly competitive world. The Illinois Reshoring Initiative today announces its program to apply the principles of the national Reshoring Initiative to revitalize Illinois manufacturing by reshoring: bringing back many of the most desirable jobs that have been lost to decades of offshoring.
SHANGHAI (AP) — General Motors Co. says its vehicle sales in China, the world's largest auto market, hit a monthly record high of 268,071 in January, though year-on-year growth was sharply lower. GM said Wednesday that its sales in China in January rose 22.3 percent from a year earlier, a much smaller increase than the 97 percent growth seen in January 2010, when sales totaled 219,192 vehicles.
ROCHESTER, N.Y. (AP) — A California consultant drew a reduced 2 1/2-year prison sentence Tuesday for conspiring to steal highly valuable flat-panel-glass blueprints from Corning Inc. and turn them over to a rival business in Taiwan. Yeong Lin, 70, of Fountain Valley, Calif., pleaded guilty in June 2007 to a federal charge of theft of trade secrets.
WASHINGTON (AP) — Electronic flaws weren't to blame for the reports of sudden, unintended acceleration that led to the recall of thousands of Toyota vehicles, the government said Tuesday. Some of the acceleration cases could have been caused by mechanical defects — sticking accelerator pedals and gas pedals that can become trapped in floor mats — that have been dealt with in recalls, the government said.
At a time when many businesses — especially those in the manufacturing sector — are hurting, facing employee layoffs and severe cutbacks, companies in the food industry are faring better. As 2010 data is released, it paints a picture of a fairly resilient industry, one not as vulnerable to the whims of consumers or the general state of the economy.
Visual Workplace, Inc. (Bryon Center, MI) has introduced LabelShop, a portable labeling and bar code machine that enables users to quickly create adhesive-backed bar codes and labels. The system features a large keyboard and an LCD display for ease of use. Three 26’ long rolls of white label tape comes in widths of 0.
Spectronics Corporation (Westbury, NY) has introduced the OPK-341 Industrial Leak Detection Kit, an effective and efficient way to pinpoint the exact source of fluid leaks in hydraulic equipment, compressors, engines, and gearboxes. The OPTIMAX 3000 is a cordless, rechargeable blue light LED inspection flashlight.
Reid Supply (Muskegon, MI) is now offering hundreds of new products in its vibration control lines. These products can significantly cut down on the excessive motion that causes harmful noise levels on the plant floor. In addition, controlling excess motion also increases the service life of industrial equipment, as well as their support structures.
WeldSeal, a brush-on methacylate compound formulated for sealing porosity in welds that well contain gases under pressure or liquids, is now available from IMPCO Inc. (East Providence, RI). The WeldSeals low dynamic viscosity enables it to wick into pores and seams, allowing any excess material on the surface to be easily rinsed away with water.
MASCOUTAH, Ill. (AP) — The Boeing Corp. says it has begun production at its new military aircraft assembly plant at MidAmerica St. Louis Airport in Mascoutah. The Chicago-based aerospace giant announced Monday that it has 14 employees at work at the building that was formerly the airport's 50,000-square-foot warehouse.
WASHINGTON (AP) — The Obama administration is completing a 10-month investigation into runaway Toyotas, preparing a review that could address whether faulty electronics played a role in the Japanese automaker's safety recalls. The Transportation Department said it would issue on Tuesday the findings of its study, which has examined whether electronics or electromagnetic interference played a factor in Toyota Motor Corp.
The nation's economic stress inched up in December because higher foreclosures outweighed lower unemployment, according to The Associated Press' monthly analysis. Bankruptcy levels remained largely unchanged from November. But the depressed housing market took a toll. Foreclosure rates rose in 33 states, most sharply in Utah, New Jersey, Nevada and Arizona.
DETROIT (AP) — To a pulsating beat, hip-hop star Eminem drives a sleek Chrysler through the streets of Detroit, proudly cruising by the city's landmarks, towering skyscrapers and the hopeful faces of its people. His journey ends with an unapologetic message: "This is the Motor City, and this is what we do.
SAN FRANCISCO (AP) — Intel Corp. has resumed shipments of a chip with a known flaw. But in order to get it, computer makers must promise not to use it in designs that trigger the serious performance problem. Intel stopped production of the faulty "chipset" last month, after discovering that it would cause some computers to gradually lose their ability to talk to their hard disk and DVD drives.
TOKYO (AP) — Toyota reported a 39 percent slide in quarterly profit but raised its full-year forecasts as business booms in Asia and other emerging markets while image problems linger in the U.S. The results show a mixed picture for the world's biggest automaker, which is enjoying robust sales in Asia, Africa and South America while still trying to repair its reputation in the key U.
At the start of each New Year, along with the usual all-too-soon forgotten resolutions, many industry experts make predictions about where their industry is headed during the upcoming year, usually in the format of trends to watch.
Kaydon Corporation ’s Bearings Division (Muskegon, MI) is now offering many models of its space-saving HS Series slewing ring bearings, which handle moment loads of up to 139,000 ft-lbs. The ability to deliver heavy load and thrust and space savings makes the series ideal for medium- to heavy-duty applications, such as cranes, aerial lifts, lift truck rotators, and industrial turntables.
VibrAlign (Richmond, VA) has launched a new wireless shaft alignment, the Fixturlaser GO Pro, which uses an adaptive and time-saving user interface, according to the company. Depending on what the measurement results show, the tool will guide the user through the alignment process. In addition, the new tool comes with the Verizontal Compound Move function, which eliminates the need to take more measurements after the vertical alignment.
The new line of High Performance Butterfly Valves from Assured Automation (Clark, NJ) offer Class VI shut-off and an advanced seat design, which provides a bi-directional interference and pressure-assisted seal. The valves are available in sizes from 2” to 12”, with a pressure rating up to 285 PSI for the 150-class, and 740 PSI for the 300-class valves.