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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

China's Trade Growth Weakens Amid Economic Slump

July 10, 2012 10:15 am | by Joe McDonald, AP Business Writer

China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.

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GE To Spend $70M In Battery Factory Expansion

July 10, 2012 10:14 am | by The Associated Press

General Electric Co. said Tuesday it will spend $70 million to expand a battery factory in Schenectady, N.Y.

Honda's Joint Venture Starts Production

July 10, 2012 10:12 am | by The Associated Press

A joint venture between Japan's Honda Motor Co. and China's Dongfeng Motor Corp. held a ceremony Tuesday to mark the start of production at its second plant in Wuhan, Hubei Province.

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BlackBerry Marketing Head Undeterred By Loss

July 10, 2012 10:11 am | by Anick Jesdanun, AP Technology Writer

Boulben isn't dejected by perceptions that his products look ancient next to iPhones and Android devices.

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Boeing Lands Big At Airshow With $7.2B Deal

July 9, 2012 2:18 pm | by Pan Pylas, Associated Press

Boeing Co. clinched the first big deal of this year's Farnborough Airshow on Monday with a firm order from Air Lease Corp. for 75 of its redesigned 737 aircraft worth $7.2 billion.

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Isuzu Recalls Rodeo Sport, Amigo SUVs

July 9, 2012 2:17 pm | by The Associated Press

More than 11,000 Isuzu SUVs are being recalled in the U.S. because parts in the rear suspension can rust and break away from the frame.

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China Boosts State Firms As Entrepreneurs Struggle

July 9, 2012 2:16 pm | by Joe McDonald, AP Business Writer

Leaders have promised to help the private sector with more bank lending and other measures, but entrepreneurs say they have yet to see changes.

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Aerospace Company To Open Silwater Plant

July 9, 2012 2:14 pm | by The Associated Press

Officials say a Belgian aerospace company will open a plant in Stillwater, creating 250 jobs by 2014.

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No New Parts, Support For C-130 Wildfire System

July 9, 2012 2:12 pm | by Mead Gruver, Associated Press

The demise of the only company that manufactured a device specially designed to spray fire retardant from the back of U.S. military C-130 cargo planes has some experts worried about the future viability of a program that has helped fight wildfires for 40 years.

Rolls-Royce Receives Possible $183M Army Contract

July 9, 2012 2:11 pm | by The Associated Press

Rolls-Royce has received a contract worth up to $183 million to service some engines for the Army's fleet of Kiowa Warrior scout helicopters.

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Boeing Hopes For Year Of The Max At Air Show

July 9, 2012 10:22 am | by Joshua Freed, AP Business Writer

For Chicago-based Boeing, this year's show offers a chance for its revamped 737, called the 737 Max, to close a gap with a rival jet.

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Central Indiana Factory Back On Market Again

July 9, 2012 10:20 am | by The Associated Press

Officials in a central Indiana county are hoping the third time is the charm for a sprawling factory that's already seen two planned tenants file for bankruptcy.

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VW's Audi Sees 13 Percent June Sales Jump

July 9, 2012 10:18 am | by The Associated Press

Audi, one of Volkswagen AG's luxury brands, saw sales jump 13 percent in June due to stronger demand in the company's home market of Germany as well as the US and China.

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Firm Laying Off Over 500 In Decatur, IL

July 9, 2012 10:17 am | by The Associated Press

G & D Integrated plans to fire more than 500 employees after losing a contract to provide logistical services to Caterpillar Inc.

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More Than 100 New Laws Taking Effect Thursday

July 9, 2012 10:15 am | by Roger Alford, Associated Press

A long list of new laws are set to go in effect this week, including one that will allow Kentucky to offer beefed-up tax incentives to encourage automobile manufacturers and parts suppliers to expand production in the state.

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Ex-CEO Of Latex Faces Sentencing For Embezzlement

July 9, 2012 10:13 am | by The Associated Press

Coleman is pleading guilty to wire fraud and tax evasion related to embezzling about $1.7M from the Shelton mattress manufacturer.

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China: Don't Let U.S. Auto Case In WTO Hurt Ties

July 6, 2012 2:00 pm | by Joe McDonald, AP Business Writer

China's government said Friday it will "properly handle" a U.S. complaint to the World Trade Organization about its anti-dumping duties on auto imports.

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A123 Systems Hopes To Raise $9M In Share Offering

July 6, 2012 1:58 pm | by The Associated Press

A123 Systems Inc., a maker of batteries for electric vehicles which is struggling to stay in business, said Friday that it plans to sell stock and warrants to raise about $9M in proceeds after expenses.

Jeep Flagship Refined, Capable

July 6, 2012 1:57 pm | by Ann M. Job, For The Associated Press

Those who thought sport utility vehicles were going the way of the dodo were wrong. SUVs haven't died off amid higher gasoline prices.

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Foes Say IL Plastic Bag Recycling Law Won't Work

July 6, 2012 1:55 pm | by Tammy Webber, Associated Press

Environmentalists are urging Gov. Pat Quinn to veto a bill that would require manufacturers of plastic bags to set up collection and recycling programs.

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