Chrysler Group LLC announced today that it will invest $19.6 million in its Toledo Machining Plant in Perrysburg, Ohio, to increase capacity of the torque converter it’s machining for the nine-speed transmission. With this announcement, the Company’s total investments in its U.S. operations since June 2009 increase to over $5.2 billion.
A man doing welding work on the rooftop of a Glendale manufacturing plant is dead of an apparent electrocution. Authorities say the man was badly burned and fell 20 feet to the ground after he somehow touched live wires around 11:20 a.m. Thursday.
Caterpillar Inc. is laying off about 60 employees at a plant in central Illinois as the company deals with declining profits. The Journal Star in Peoria reports that Caterpillar said Thursday that it will lay off workers at a foundry in Mapleton starting in early May. The town is just south of Peoria, where Caterpillar is based.
Testing on a site formerly owned by Ford Motor Co. in suburban Detroit where chemical solvents have been found shows pollutants are more widely dispersed than initially suspected. Results were discussed Wednesday at a public meeting, and there's concern a park and area homes could be affected.
General Motors said Friday that a base model of the 2014 Corvette Stingray will start at just under $52,000. Considering everything that GM put into the newest Corvette, the $1,400 price increase over the current model seems pretty modest. The 2014 Corvette goes on sale this summer. The latest version was completely redone, and shares only two parts with the current model, which is nine years old.
Entrematic’s presence in North America is strengthened by its most recent acquisition of4Front, the U.S.-based loading dock and warehouse products company with its industry-leading brands, including Kelley and Serco. By combining long established brands under one umbrella, Entrematic now boasts one of the world’s most complete ranges of entrance automation products, supported by dedicated specialists with extensive experience.
As Bangladesh reels from the deaths of hundreds of garment workers in a building collapse, the refusal of global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny to an industry that has profited from a country notorious for its hazardous workplaces and subsistence level wages.
The judge who will allocate responsibility for the 2010 Gulf of Mexico oil spill has told lawyers to give him their views about whether a series of negligent acts can add up to gross negligence. The Justice Department and private plaintiffs' attorneys contend that BP PLC acted with gross negligence before the blowout on April 20, 2010. If U.S. District Judge Carl Barbier agrees, BP's civil penalties could soar.
Nissan Motor Co. officials say an employee of a supplier died in a fatal accident at its vehicle assembly plant in Smyrna, Tenn. The employee of Lake Orion, Mich.-based Complete Automation was killed Thursday in the factory's paint plant. Bob Light, a spokesman for Complete Automation, said the employee was killed when a large electrical panel fell while it was being moved.
Seoul said Friday that it has decided to withdraw the roughly 175 South Koreans still at a jointly run factory complex in North Korea, raising a major question about the survival of the last symbol of inter-Korean cooperation. The statement by the country's minister in charge of inter-Korean relations came after North Korea rejected Seoul's demand for talks on the factory park that has been closed nearly a month.
Emporia officials are hailing Thursday's announcement by the partnership that bought Hostess Brands' snack cake lines that it will reopen the bakery in the eastern Kansas community this summer, with 250 employees to start. More than 500 people lost their jobs when Hostess, then in bankruptcy proceedings, closed the Emporia plant last November following a strike by union bakers.
Japan's transport minister said Friday the government is poised to allow Japanese airlines to resume flying grounded Boeing 787s once they complete installation of systems to reduce fire risk in problematic lithium ion batteries. The approval could come as early as Friday evening following an expected formal safety order from the U.S. federal regulators, Transport Minister Akihiro Ohta said.
After weeks of threatening rhetoric from the North, South Korea on Thursday promised its own unspecified "grave measures" if Pyongyang rejects talks on a jointly run factory park shuttered for nearly a month. The park in the North Korean border town of Kaesong is the most significant casualty so far in the recent deterioration of relations between the Koreas.
General Motors Co. boosted CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased. Akerson earned $11.1 million in salary and stock awards last year, compared with $7.7 million in 2011. The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by 350 million euros ($455 million) and improve profitability as stainless steel demand continues to fall. The world's leading stainless steel maker says about a third of the job cuts will be applied this year, mostly in Germany, Sweden and Finland, in line with production capacity reductions and streamlining.