Ford Motor Co. will provide $125 million or more in debtor-in-possesion financing to Visteon Corp. as the automotive parts supplier reorganizes under Chapter 11 bankruptcy protection. In a Securities and Exchange Commission filing Thursday, Visteon, which filed for bankruptcy protection last week, said its former parent company would provide aid and also take assignment of Visteon's asset-backed loans under a revolving credit facility.
It’s rare that I’ll offer my condolences to the politically tunnel-visioned, but I feel obligated to do so for Dianne Feinstein, a democratic senator from California. Senator Feinstein, who authored the original Cash for Clunkers bill, has seen her solution for controlling auto emissions transition into another plot to help those who simply refused to help themselves.
Back home in Australia, I religiously listened to Mornings with Ross & John , a breakfast radio show that used news as a backdrop for discussions about social phenomena, crime and sports. They tracked a number of recurring topics, such as: The evolution of the spelling of names — Khloei (Chloe), De’mon (Damon) Football players behaving badly — who was at the local strip club associating with the Hell’s Angels and known drug dealers? Habits of politicians — Obama’s thin frame was surely a sign that he still smoked.
Hummer owners are an unusual breed, but a little-known Chinese company's surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious even by their standards.
Technical fabrics maker Glen Raven has a range of GlenGuard®FR fabrics for industrial protective apparel. The fabrics are designed to be lighter weight and more flexible while exceeding NFPA 70E industrial safety standards for thermal and body burn protection.
Shure’s new waste and recycling cabinet is built with large tilt-out doors to reveal a plastic receptacle for waste or recyclable materials. Steel doors with aluminium handles conceal the waste. A stainless steel top can also be purchased. The cabinet comes in 22 Shure signature powder coat paint colors and is available in three sizes: Single Cabinet – 25 1/8” W × 27 3/4” D × 34 3/16” H Double Cabinet – 48 5/8” W × 27 3/4” D × 34 3/16” H Triple Cabinet – 72 1/8” W × 27 3/4” D × 34 3/16” H Learn more: www.
Orders to U.S. factories rose 0.7 percent in April, the second increase in three months and further evidence that manufacturers may be recovering. Still, the Commerce Department's report Wednesday was below analysts' expectations of a 0.
Hyde has added a wire brush and integrated scraper to its MAXXGRIP PRO® line, comprising an industrial grade wire brush and steel carbon blade. It’s designed to: Remove corrosion and rust Scrub factory floors Get to the tightest corners Scrape off paint and coatings Work on wood, metal, concrete and masonry According to Hyde, the combo tool’s ergonomic soft-grip handle maximizes grip and eliminates pressure points, reducing user fatigue.
The next generation CPS refrigerant leak detector can sense leaks as small as 0.1 oz per year. Fully automatic one button operation detects most refrigerants including R410A. Two LED readouts are used to indicate the concentration and location of the leak. Learn more: www.
On Tuesday, June 2, Lockheed Martin (NYSE: LMT) and the Air Force Research Lab (AFRL) successfully conducted the initial demonstration flight of the Advanced Composite Cargo Aircraft (ACCA).
General Motors Corp. took two key steps toward its downsizing on Tuesday, striking a tentative agreement to sell its Hummer brand and obtaining the first payout of federal loans for its European division. Detroit-based GM said it has reached a memorandum of understanding with a buyer for Hummer, though it did not name the buyer or the price.
General Motors Corp. said Monday that its U.S. bankruptcy filing will have no impact on its thriving China operations, reaffirming what it called its "aggressive growth strategy." "Our operations across China will operate normally," Kevin Wale, president and managing director of the GM China Group, said in a statement.
Economists expect an index measuring the manufacturing sector's health to have contracted at a slower pace in May than in the previous month. Analysts polled by Thomson Reuters expect the index from the Institute for Supply Management, a trade group of purchasing executives, will come in at 42 for May compared with 40.
Can you imagine having a picnic during a full blown hazmat incident? Well I had a front row seat. On a record setting hot and humid day in early June, production was in full swing at Yaskawa Electric America, Inc. located in Buffalo Grove Illinois. Located right next to the large warehouse and production for servo motors were railroad tracks still used by freight trains .
With the average U.S. bridge approaching time for replacement, researchers at the University of South Carolina said Thursday that they'll work with a team of experts to develop a quicker method of detecting cracks and early signs of wear on the structures.
Some key events in General Motors' history: Sept. 16, 1908 - General Motors Company founded by William C. Durant, incorporating Buick Motor Co. Oldsmobile joins GM in November. 1909 - GM sells 25,000 cars and trucks. Acquires Cadillac for $5.5 million.
A person briefed on General Motors Corp.'s plans says the company on Monday will identify the 14 factories it will close as it heads toward a likely Chapter 11 bankruptcy protection filing. The person says United Auto Workers officials in Detroit have told plant-level union leaders that the company will make the announcement, not the union.
German officials readied for another try at a rescue deal for General Motors Corp.'s Opel subsidiary after last-minute financing demands stalled overnight talks Thursday, officials said. Germany had hoped for an agreement to shield automaker Opel — which employs 25,000 people there — from a looming GM bankruptcy by making it legally independent under a trustee.
Dorner's two-tier conveying system. For a limited time Dorner is offering a factory inspection training (FIT) service to assist with new and existing conveyor projects. New conveyors projects can be overseen as part of the GetFIT™ service, which provides advice on installation, safety, optimum product handling, training, spare parts and warranties.
The new EZS 350XL tow tractor from Jungheinrich can tow several trailers together and has a capacity of 11,000 lbs. The truck is built with a 2.8 kW, 24 V AC drive motor for powerful acceleration and high travel speeds, with significant energy efficiency, longer operating times and low maintenance (through the omission of carbon brushes).