STOCKHOLM (AP) — A small, privately owned Chinese automaker on Tuesday saved Sweden's Saab Automobile from imminent collapse through an agreement to provide $223 million (euro150 million) in funds for the ailing brand. Saab's owner Spyker Cars said Hawtai Motor Group will take an initial 30 percent stake in Spyker in the deal which also includes joint ventures on manufacturing, technology and distribution.
DETROIT (AP) — Honda Motor Co. is expanding a recall so it can check the driver's air bags on another 833,000 vehicles for a possible defect. The automaker said it's adding the vehicles to a previous recall because some may have had faulty air bags installed when they were fixed after a crash.
Understanding the most effective and efficient ways to manage its assets is a critical task for any manufacturing enterprise. John Murphy, Director of Solutions Management at Infor, recently spoke about the latest strategies and tools companies use to best manage their assets. Infor is a leading provider of business software and services, helping 70,000 customers in 125 countries improve operations and drive growth.
Fifty years ago manufacturing provided one out of every four jobs. Today it is one out of 10 jobs. As a percentage of GDP, manufacturing has declined from a high of 21 percent in the 1950s to 11 percent today. The large corporations continue to outsource both products and complete plants, and seem to be totally indifferent to the future of manufacturing in the U.
Electrical fires consistently rank among the top five causes of commercial building fires, according to the National Fire Protection Association (NFPA). Fires involving electricity also regularly result in a higher percentage of property damage than those caused by many other sources. One of the most effective ways to better protect property against electrical fires is through education.
Beginning in 1946 with a single manufacturing facility in San Carlos, CA, Kelly-Moore Paints™ has grown to become the largest employee-owned—and the 5th largest paint company—in the United States. Supporting over 165 local stores, Kelly-Moore is “the painter’s paint store,” providing high-quality paint and related products to contractors, commercial and maintenance accounts, and do-it-yourself consumers.
DALLAS (AP) — Southwest Airlines Co. closed its $1 billion purchase of AirTran on Monday, securing its spot as one of the biggest domestic airlines. For travelers, nothing much changes right away. They'll continue to deal with whichever airline sold their ticket. And policies such as checked bag fees are not changing right away.
CLARKSVILLE, Tenn. (AP) — Severe flooding last year that washed away the city of Clarksville's wastewater treatment plant's ability to operate has also hastened a needed reconstruction of the facility. With repairs to the plant and needed new construction, the city will essentially build a new facility, said Pat Hickey, the head of Clarksville Gas and Water.
NEW YORK (AP) — Oil prices are rising again after falling below $111 a barrel on news that U.S. forces killed al-Qaida leader Osama bin Laden. Benchmark oil for June delivery rose 24 cents to $114.17 a barrel in Monday morning trading on the New York Mercantile Exchange. In London, Brent crude gained 48 cents at $126.
DETROIT (AP) — Honda Motor Co. warned its U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts supply shortages caused by Japan's earthquake. Honda will significantly cut production of the new 2012 Civic, the sixth most popular car in the U.
PRINCE GEORGE, Va. (AP) — Rolls-Royce is opening a new advanced manufacturing and research facility in Prince George County. Gov. Bob McDonnell joined company executives, and local and state officials for the opening of the facility on Monday. The aircraft engine maker said the 180,000 square-foot facility will manufacture one of the most critical engine components.
STOCKHOLM (AP) — Spyker Cars NV said Monday it has secured $88 million (euro59.1 million) in short-term funding for Saab and aims to restart production at the troubled automaker's plant within a week. The company, which bought Saab out of liquidation from General Motors Corp. in January 2010, says it signed a euro30 million convertible loan with investment fund Gemini and will also make a drawdown request to the European Investment Bank for euro29.
Phoenix Products Company, Inc. (Milwaukee, WI) is now selling the Phoenix FLEX LED docklite, which provides light comparable to an incandescent dock light with a 150W PAR38 lamp. The FLEX LED is designed for the general illumination of a truck trailer. The LEDs have an average rated lift of 50,000 hours and a 12° beam angle, plus they operate on only 16W, which offers an 84 percent energy savings over a 150W incandescent dock light.
Markal (Elk Grove Village, IL) has developed the PRO-LINE WP, and industrial-grade liquid paint marker that can be used on wet surfaces. The marker is made with a permanent, fast-drying, and low-VOC formula, which helps it resist spreading when in contact with water or water-based liquids. The formula is safe for use on stainless steel and other super alloys, plus carbon steels, aluminum, powder coating, PVC plastics, coding alloys, textiles, and even rubber.
Combilift (Greensboro, NC) has introduced new designs and a new 33E model in the Aisle-Master range of articulated forklifts. By replacing a combination of reach and counterbalance trucks with a very narrow aisle operating Aisle-Master, storage capacity can be doubled, according to the company.
CGW-Camel Grinding Wheels (Niles, IL) now offers a full line of USA-made carbide burs for metal working in three main styles of cuts: single, double, and aluminum. The single-cut burs are good for general purpose work and provide good material removal, according to the company, while double-cut burs produce smaller chips for greater operator control on applications such as stainless steels and ferrous materials.
CNN contributor Miles O’Brien gives a little insight into the communication that occurs between pilots and air traffic control from inside the cockpit, and highlights some of the technology that helps our planes get — and stay — in the air. What’s most intriguing is that the technology, such as ground-based radar, is more than a half-century old.
Prime Advantage, the leading buying consortium for midsized manufacturers, announced the results of its seventh Prime Advantage Group Outlook (GO) Survey, revealing the top economic concerns of small and midsized North American manufacturers for 2011. The survey results show companies are even more confident compared to six months ago about economic growth for U.
This is the second part in a two-part series on implementing Lean in the office. To read the first part, go here . ___ 3. Correct, much of what you do in the office is not the same every time and so the Lean approach to measuring waste must be re-thought — similarly, “value” is not easily defined for processes that do not directly produce product: Here is where I have experienced most of my arguments about Lean in the office.
LOS ANGELES (AP) — An Italian citizen who ran a California valve company has pleaded guilty to taking part in a conspiracy to bribe foreign government officials and businessmen. The U.S. attorney's office says in a statement that Control Components Inc. Vice President Flavio Ricotti of Bientina, Italy, pleaded guilty Friday to violating the Foreign Corrupt Practices Act and the Travel Act.