General Motors was once the highlight of the American industrial complex, but it's been a bumpy road over the last 50 or so years. Between bad management and partial ownership by the U.S. government at the UAW, the company has lost is once-blinding luster. Fortune 's Alex Taylor III helps explain some of the ups and downs of America's largest automaker, how their current CEO is performing, and what the company will look like in 2020.
Marcin Jakubowsi is a Polish-born “technologist” who moved to Missouri to start a farm of his own, and ended up creating a whole new approach to living off the land — for cheap. He found that buying traditional farming equipment was prohibitively expensive for anyone but the biggest of farms, so he designed and build his own equipment.
Anyone in the marine or ship-building industries is probably familiar with the process of “floating” a ship, but for the rest of us, it's a pretty eye-opening (and nerve-wracking) scene. Just imagine how stressful automaking would be if each car had to undergo a similar process. If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
CNN Money recently took a tour through an environmentally-friendly potato chip plant run by PepsiCo., where they make a wide variety of chips, including Lay's, Ruffles, Doritos, and more. Despite processing 21,500 pounds of potatoes per hour , the plant is still striving to become more sustainable.
The Labor Department released some interesting employment data last week. The economy added 244,000 jobs last month. Private employers shrugged off high gas prices and created 268,000 jobs — the most since February 2006. However, the jobless rate edged upward at the same time. What gives? If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
NEW DELHI (AP) — India's Supreme Court rejected an appeal Wednesday to reinstate stronger charges against seven people convicted of negligence in connection with the 1984 toxic gas leak in Bhopal that killed an estimated 15,000 people. The leak at a Union Carbide plant, the world's worst industrial accident, left thousands more with devastating deformities and other health problems.
HARRISONBURG, Va. (AP) — Antitrust regulators have filed a lawsuit to undo the sale of a Tyson Foods Inc.plant in Harrisonburg, Va., saying the deal could hurt competition for farmers in the area. In its civil lawsuit, the U.S. Department of Justice claims the sale would reduce the number of poultry processors around Harrisonburg, giving farmers little choice when it came time to sign contracts to grow chickens.
WASHINGTON (AP) — Sharp U.S. criticism of China's human rights record overshadowed the results achieved at annual high-level meetings between the world's two largest economies aimed at resolving disputes over trade and foreign policy. After two days of talks, the two sides announced a range of modest agreements aimed at increasing sales opportunities for U.
SHANGHAI (AP) — Auto sales edged lower in China in April, the first such decline in over two years, as dealers were dealt a double whammy from weakening demand and the spillover from Japan's earthquake disaster. Automakers delivered 1.55 million vehicles to buyers in April, down 0.25 percent from a year earlier, the China Association of Automobile Manufacturers said in a statement seen Wednesday on its website.
LOS ANGELES (AP) — A California company and two of its executives were convicted Tuesday of conspiracy charges for bribing government officials at Mexico's state-owned utility in exchange for obtaining lucrative contracts. A federal jury found Keith Lindsey, president of Lindsey Manufacturing Co.
TOKYO (AP) — Toyota's quarterly profit crumpled more than 75 percent after the March earthquake and tsunami wiped out parts suppliers in northeastern Japan, severely disrupting car production. The maker of the popular Prius hybrid gave no forecast for the current fiscal year through March 2012, citing an uncertain outlook because production continues to be hampered by shortages of parts.
DALLAS (AP) — The largest U.S. milk producer, Dean Foods Co., said Tuesday that maintaining and raising its prices and expanding to new markets will help it fight falling milk sales and rising costs and meet its brightened earnings forecasts for the rest of the year. Dean Foods, which cut 600 jobs and reduced other costs during the first quarter, said its net income for the period slid 41 percent from a year earlier.
WASHINGTON (AP) — Wholesale companies increased their stockpiles for the 15th straight month in March, a sign they expect future sales gains. Supply levels at warehouses rose 1.1 percent in March, the Commerce Department said Tuesday. Sales among wholesalers increased 2.9 percent and have risen in eight of the last nine months.
Torrance, Calif. — Toyota Motor Sales, U.S.A., Inc. (TMS) today celebrated the opening of the first hydrogen fueling station in the U.S. fed directly from an active industrial hydrogen pipeline. The station is a collaborative effort between Toyota, Air Products, Shell, South Coast Air Quality Management District (SCAQMD) and the Department of Energy (DOE).
TOLEDO, Ohio — General Motors Co. announced Tuesday it will invest about $2 billion in U.S. assembly and component plants, creating or preserving more than 4,000 jobs at 17 facilities in eight states. "We are doing this because we are confident about demand for our vehicles and the economy," GM Chairman and CEO Dan Akerson said during an event at the 54-year-old Toledo Transmission Plant.
LINCOLN, Ala. (AP) — Honda Motor Co. Ltd. plans to invest $97 million in its auto assembly plant in Lincoln, creating 20 jobs. The Talladega County Commission voted Monday night to approve the tax abatements for the project, which is expected to be completed in late 2012. The project comes as Honda prepares to add production of the Acura MDX luxury sports utility vehicle to its assembly lines.
PHILADELPHIA (AP) — A longtime friend to a Campbell Soup heiress admits she tried to extort the Pennsylvania billionaire in an email titled "When the Soup Boils." Agnes O'Brien pleaded guilty Tuesday to sending extortionist threats to Mary Alice Dorrance Malone. She'll get six years' probation as part of the plea.
The Alliance/CAS Caston II Crane Scale from Alliance Scale, Inc. (Canton, MA) is a low-cost wireless option for light- and medium-duty weighing applications of pipe, bar stock, castings, and related items for loading and unloading operations. The system has a handheld wireless remote control, on/off, zero, and tare functions, and auto span calibration.
The DUOTHERM heat recovery system from Boge America, Inc. (Powder Springs, GA) is an ideal solution for compressed air users wanting to optimize the energy usage of their existing compressed air system through heat recovery, according to the company. The heat recovery system can recover up to 94 percent of the input energy used in compression in the form of heat.
Oldham (Arras, France), an Industrial Scientific company, introduced the WX Series of gas detection alarm controllers with three models: WX4 (four-channel), WX16 (16-channel), and WX64 (64-channel). Each model is designed for continuous monitoring of its respective number of analog or digital gas measurements.