BERLIN (AP) — The German government said Monday that it sees "encouraging" signs of progress in negotiations on the future of auto maker Opel as it prepares for more talks with parent General Motors Co. and the two bidders. The Economy Ministry said it expected another round of talks in Berlin on Tuesday between German federal and state officials, GM and the bidders: a consortium of Canadian car parts maker Magna International Inc.
DETROIT (AP) — About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely. GM has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500.
The former head of the chemical company responsible for the gas leak that killed 10,000 people in India 25 years ago has been "haunted" for years by the world's worst industrial disaster, his wife said Saturday. An Indian court issued a warrant Friday for Warren Anderson, the former head of Union Carbide Corp.
GREER, S.C. (AP) — BMW has offered voluntary separation packages to workers at its facility in Greer even as plans for a $750 million expansion remain on track. The Greenville News reported Thursday that the offers are part of the automaker's plan to cut its work force by about 8,000 worldwide.
FULTON, Miss. (AP) — One person was killed and others injured in an explosion Wednesday at a copper tubing plant in northeast Mississippi, emergency officials said. Itawamba County Coroner Steven McNeece says Phillip Cason Hosch, 29, of Sulligent, Ala., died in the blast that happened about 4 p.
The U.S. Congress is moving to restore funding for hydrogen research prized by the auto industry despite questions from the Obama administration over the time it will take to build a fleet of vehicles and a network of fueling stations. The Senate was poised to provide $190 million to fund hydrogen research programs as part of a budget plan under consideration Wednesday, more than double the amount sought by the Obama administration.
An aluminum-maker has notified workers that it intends to eliminate up to 982 jobs at its southeast Ohio plant this fall. Ormet Corp. sent a notification late Monday to union workers, the Monroe County commissioners and the Ohio Department of Job and Family Services.
CONNERSVILLE, Ind. (AP) — A startup company that plans to build high-tech police cars has picked a vacant auto-parts plant in eastern Indiana for its first factory. The announcement Wednesday by the chairman of Atlanta-based Carbon Motors Corp. drew cheers from the large crowd gathered inside the former Visteon plant in Connersville.
For anyone looking for signs that the recession may finally be giving up its firm grip on the economy, the steady stream of quarterly earnings reports coming out of the nation's companies could offer some signs of hope. To be sure, big companies like General Electric, Caterpillar, Coca-Cola, Yahoo and drug maker Merck are showing the pain, with sales and profits dropping as the recession eats away at demand for their goods.
Mac Tools (Westerville, OH) introduces its new TLL4000 rechargeable LED shop light, for use in a variety of applications — any time additional, focused lighting is required. The TLL4000 model is improved from previous versions, including a molded handle grip, lens edge guard, and polycarbonate hook.
Hyde Tools (Southbridge, MA) has developed its Rapid Valve Transfer spray painting system, useful for getting at hard-to-reach spots. With Hyde’s new product, the spray valve is separated from the gun, allowing for easy pivoting of the head to any angle.
Parsec Automation Corp. (Brea, CA) releases a new generation of its LEANTrak line, a mobile productivity solution that can be easily moved from machine to machine, or line to line, in order to monitor and examine critical operations. The new LEANTrak utilizes Parsec’s Real-time Performance Management software, which is easy to use, even for nonprogrammers, requiring no wiring, programming, or disruption in productivity.
Master Bond Inc. (Hackensack, NJ) debuts its UV22 epoxy system, which is nanosilica reinforced and UV curable, for industrial applications. According to the company, the nano-sized filled (<50 nm) gives the system a high abrasion resistance, optical clarity, little shrinkage, and strength while maintaining a low viscosity of 4,000 cps.
July 29, 2009 BERLIN (AP) — The chief negotiator for General Motors Co. said that there is not yet a preferred bidder for Germany's Opel, though the negotiations are "coming to a point of decision." In a post on the company's blog, John Smith, GM's group vice president and chief negotiator on Opel, wrote that "despite media reports to the contrary, GM has NOT specified its preference for a bidder.
July 29, 2009 WASHINGTON (AP) — Orders to U.S. factories for big-ticket durable goods plunged in June by the largest amount in five months, reflecting the continuing troubles in the auto industry and a steep drop in demand for commercial aircraft. The Commerce Department said Wednesday that orders for durable goods fell 2.
At least eight workers were injured Tuesday in a blast at an explosives manufacturing plant in southeast Ohio. The explosion occurred about 10:30 a.m. at Austin Powder Co.'s Red Diamond plant near McArthur. It happened in a building where workers make detonating cord used in commercial blasting, said Mike Gleason, executive vice president.
An explosion at a southeast Ohio explosives manufacturing plant has injured four workers. Austin Powder Co. Executive Vice President Mike Gleason says the blast about 10:30 a.m. Tuesday at the plant near McArthur was in a building where workers make detonating cord used in commercial blasting.
A startup car company says it's moving forward with plans to build a multibillion dollar plant in Mississippi that could produce a million fuel efficient vehicles a year. Discussions about the proposed plant were first revealed in June when a federal judge unsealed a lawsuit involving two Chinese businessmen and their companies that were fighting for control of Hybrid Automotive Corporation.
The lawyer for a bankruptcy trustee of an embattled kosher slaughterhouse says the company is unlikely to pay fines to Iowa's labor agency. Iowa Workforce Development last week agreed to slash proposed fines by $9 million against Agriprocessors, Inc.
The Mideast investment fund that recently bet big on Mercedes-Benz said Tuesday it will pay about $280 million to buy nearly a third of commercial space travel startup Virgin Galactic. Aabar Investments' buy-in gives British billionaire Sir Richard Branson's space tourism venture a big financial kickstart at a time when many funding sources have dried up because of the global recession.