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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Honda Expands Airbag Recall To 800,000 Vehicles

May 3, 2011 4:25 am

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.

Southwest Closes $1B AirTran Deal

May 2, 2011 9:26 am

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.

2010 Flood Yielded New Water Plant For Tenn. City

May 2, 2011 8:55 am

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.

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Oil Prices Rise Again As Dollar Weakens

May 2, 2011 8:44 am

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.

Honda To Cut Production Of New Civic, Other Models

May 2, 2011 8:08 am

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.

Rolls-Royce Opens New Aerospace Plant In Va.

May 2, 2011 8:02 am

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.

Saab Secures Funds, Aims To Resume Production

May 2, 2011 7:57 am

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.

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Italian Exec Pleads Guilty To Bribing Foreign Officials

May 2, 2011 4:57 am

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.

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China's Manufacturing Sector Continues To Ease

May 2, 2011 4:48 am

BEIJING (AP) — China's manufacturing sector eased in April, a survey showed Sunday, suggesting that the government's efforts to cool the economy may be having some effect. The state-affiliated China Federation of Logistics and Purchasing reported that its purchasing managers index, or PMI, fell to 52.

Bose Founder Donates Majority Of Company To MIT

May 2, 2011 4:44 am

CAMBRIDGE, Massachusetts (AP) — The founder of audio technology company Bose Corp. is donating most of the privately held firm's stock to the Massachusetts Institute of Technology. MIT is the alma mater of Amar Bose, who at 81 remains the company's chairman and technical director. The Cambridge-based school said on Friday that it will receive annual cash dividends on the shares, when they're paid by Bose Corp.

ISM Index: 21 Straight Months Of Manufacturing Growth

May 2, 2011 4:38 am

WASHINGTON (AP) — Manufacturing activity probably increased in April for the 21st straight month, but at a slower pace than in March. Economists forecast that the Institute for Supply Management's index of manufacturing activity will drop to 59.6 in April from 61.2 in the previous month. That would be the second straight drop, a sign the manufacturing sector is cooling off after expanding in February at the fastest rate in nearly seven years.

'Temporary' Workers Sue GM, UAW Over Back Pay

May 2, 2011 4:29 am | by Christopher S. Rugaber, AP Economics Writer

WASHINGTON (AP) — A group of General Motors employees in Ohio is suing the company and the United Auto Workers, alleging that GM has unfairly denied them full pay and benefits and the union has not fought for them. Twenty-eight employees of GM's Lordstown, Ohio, factory say they have been improperly classified as temporary employees since being hired in October 2006.

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Chrysler Turns First Profit In Two Years

May 2, 2011 4:25 am | by Dee-Ann Durbin, AP Auto Writer

DETROIT (AP) — Chrysler has turned its first profit since leaving bankruptcy two years ago. The company reported first-quarter net income of $116 million and revenue of $13.1 billion on Monday. The profit is a milestone in Chrysler's long road back to health after its 2009 bankruptcy. It last reported a net profit in 2006.

Chinese Telecom Manufacturers Face Off In Patent War

April 29, 2011 9:47 am | by Elaine Kurtenbach, AP Business Writer

SHANGHAI (AP) — Chinese telecommunications equipment maker ZTE Corp. has countered accusations by rival Huawei Technologies of violations of its patent and trademark rights by suing Huawei for alleged infringements of its mobile phone technology. ZTE said in a statement Friday that it plans to use all legal means to protect its own intellectual property rights.

Goodyear Posts Record Quarterly Sales Figures

April 29, 2011 9:28 am | by Thomas J Sheeran, Associated Press

CLEVELAND (AP) — Goodyear Tire & Rubber Co. sold more tires at higher prices in the first quarter, helping it set a company sales record for any quarter and reverse a loss from the first quarter of 2010. Goodyear shares rose more than 10 percent to $17.87 after the opening bell, a new 52-week high.

Federal Judge: Yes, Toyota Lawsuits Can Move Forward

April 29, 2011 9:14 am | by Greg Risling, Associated Press

SANTA ANA, California (AP) — A federal judge in California said Friday that he will deny another request from Toyota Motor Corp. to dismiss lawsuits filed by car owners who claim sudden-acceleration defects were responsible for the value of their vehicles to drop. U.S. District Judge James Selna said in a 30-page ruling that the lawsuits have enough merit to move forward.

State Attorneys Object To Labor Complaint Against Boeing

April 29, 2011 9:07 am

COLUMBIA, S.C. (AP) — Several states have joined South Carolina's attorney general in objecting to a federal labor complaint filed against Boeing Corp. for opening a 787 Dreamliner assembly plant in North Charleston. Attorney General Alan Wilson and eight other attorneys general said in a letter Thursday that the National Labor Relations Board's complaint against Boeing hurts the states' ability to create jobs and recruit industry.

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Philip Morris Wins In Miss. Hospitals V. Tobacco

April 29, 2011 8:58 am

RICHMOND, Va. (AP) — Philip Morris USA and other major tobacco companies won a lawsuit Friday filed by 37 Missouri hospitals seeking more than $455 million for treating sick smokers. Philip Morris USA was one of six tobacco companies involved in the lawsuit. The case was filed as the City of St.

Kia Recalls 58,000 Cars For Gas Tanks That Fall Off

April 29, 2011 7:59 am

DETROIT (AP) — Kia Motors Corp. is recalling more than 58,000 Spectra compact cars registered in cold-weather states because the gas tanks could fall off and cause a fire. The recall affects Spectra LD models from the 2004 to 2007 model years in 20 states and Washington, D.C., the National Highway Traffic Safety Administration said on its website Friday.

CAT Profit Soars Five-Fold Thanks To Economic Recovery

April 29, 2011 4:53 am

PEORIA, Ill. (AP) — Heavy equipment maker Caterpillar Inc. said its first-quarter profit soared more than five-fold as a growing economic recovery boosted demand for the company's mining and construction equipment. The results blew past analysts' expectations and its boosted its outlook for the year.

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