STOCKHOLM (AP) — Troubled car maker Saab Automobile AB has received a euro13 million ($18.4 million) car order from a Chinese company that could help pay this month's salaries, its owner Swedish Automobile AB said Monday. The company, previously known as Spyker Cars, claimed the deal with an unnamed Chinese company would provide the ailing car brand with enough funds to also pay back parts of its debt to suppliers.
PITTSBURGH (AP) — President Barack Obama called on Friday for a "renaissance in American manufacturing" that would replace shuttered steel mills with plants producing robotics, nanotechnology and other high-tech advances. The president said this resurgence is how the country will create new jobs and stay competitive in a global marketplace where other countries are making great strides.
NEW YORK (AP) — Alcoa Inc. has reached a multi-year deal to supply Airbus with aluminum sheet and plate products, the company said Friday. The agreement was brokered this week at the Paris Air Show. Specific financial terms were not disclosed, but the deal has a value of about $1 billion over its life, Alcoa said.
NEW YORK (AP) — General Electric Co. and its venture-capital partners say they will invest $63 million in 10 companies that provide technology such as energy-efficiency to the home. GE said Thursday that the investment is the second round of funding in a $200 million competitive program it calls "ecomagination.
SEOUL, South Korea (AP) — Apple Inc. is bringing its patent fight with Samsung Electronics Co. over smartphones and tablet computers to South Korea. Apple spokesman Steve Park said Friday that the company filed a lawsuit Wednesday in Seoul Central District Court. Apple sued Samsung in the United States in April.
PITTSBURGH (AP) — Need help defusing a bomb, mowing a lawn or scraping old paint? President Barack Obama might see robots that can do those tasks on Friday when he visits the National Robotics Engineering Center at Carnegie Mellon University. It's one of eight research centers at the school's Robotics Institute.
PITTSBURGH (AP) — The flight crew testing a next-generation Boeing jumbo jet made a long trip for a taste of Pittsburgh's most famous sandwich. The Pittsburgh Tribune-Review reports the crew manning a new $300 million 747-8 Freighter jet made the 2,500-mile test flight from outside Seattle to western Pennsylvania for a Primanti Bros.
BUFFALO, N.Y. (AP) — Here's a little quiz for the breakfast table: What is the most popular cereal brand in American grocery stores? Hint: It's been General Mills' top name since 1951. Another hint: If you're a parent, you've vacuumed it from the minivan and under the high-chair cushion by the cupful.
ROCHESTER, New York (AP) — A federal agency said Thursday it will spend an extra week reviewing Eastman Kodak Co.'s potentially lucrative patent claim against tech giants Apple Inc. and Research in Motion Ltd. The U.S. International Trade Commission, which oversees trade disputes, had been expected to issue a ruling Thursday but put off completing its investigation until June 30.
WASHINGTON (AP) — The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don't see that changing until later this year. The Commerce Department on Friday said the economy grew at an annual rate of 1.9 percent in the January-March quarter.
FORT SMITH, Ark. (AP) — Rheem Manufacturing Co. says it plans to shift about 250 jobs from its operation in Fort Smith to a plant in Mexico. Fort Smith is the company's air conditioning division headquarters. The company said Thursday it's expanding its plant in Nuevo Laredo, Mexico, by more than 290,000 square feet and will begin producing residential products there that now are produced in Fort Smith.
WASHINGTON (AP) — Businesses boosted their orders for machinery, electronics products and airplanes in May. The pickup suggests manufacturing is rebounding after the Japan crises made parts scarce and slowed production of some factory goods temporarily. Orders long-lasting manufactured products increased 1.
PITTSBURGH (AP) — Imagining advances from lighter cars to smarter robots, President Barack Obama is announcing a $500 million project to spur high-technology manufacturing, a sector of U.S. industry that presidential advisers say has lost ground to such competitors as Germany and Japan. On Friday in Pittsburgh, Obama is to call for a joint effort by industry, universities and the federal government to help reposition the United States as a leader in cutting-edge manufacturing, including biotechnology, robotics and nanotechnology — the development of new materials at the molecular level.
Innovative Pilot Program to Promote Sustainable Manufacturing to Generate a $54 Million Economic Impact Over Five Years Sustainability Fuels Savings, Growth and Competitive Advantage for 45 Participants Environmental and Financial Impacts Exceed Expectations, Program Delivers Substantial ROI for Manufacturers, State of Wisconsin ___ MILWAUKEE — An innovative program to promote sustainable manufacturing in Wisconsin is projected to generate a five-year $54 million economic impact and significant environmental benefits, states a report released today by the Wisconsin Manufacturing Extension Partnership (WMEP) .
ELKHART, Ind. (AP) — The bankruptcy filing of an electric car manufacturer has clouded the future of a northern Indiana factory that was touted as an economic boost for an area hit hard by job losses in the recreational vehicle industry. Elkhart Mayor Dick Moore said a company official told the city's economic development director that the factory there wouldn't be affected by Norway-based Think Global's bankruptcy filing, but he remains concerned.
LE BOURGET, France (AP) — Airbus is trouncing Boeing in the race to be the world's biggest planemaker, claiming over $72 billion dollars worth of orders and commitments at the Paris Air Show, where the popularity of its new fuel-efficient jets twice broke records for the largest order ever. Airbus' success cast a long shadow over Chicago-based Boeing, which recorded only $22 billion in orders and commitments, and raised questions over the U.
GALLATIN, Tenn. (AP) — A Gallatin, Tenn., Hoeganaes chemical plant where four workers have died in fires this year will resume partial production this week. Officials at the Hoeganaes plant did not specify which day and said production in other areas of the facility is expected to restart over the coming weeks after reviews.
STOCKHOLM (AP) — Saab, the Swedish car company renowned for its sometimes quirky designs, moved closer to bankruptcy Thursday after it conceded that it didn't have any money to pay employees' wages. After months of production stoppages and problems with paying suppliers, Saab said the situation is so dire that it won't be able to pay its 3,700 employees, raising doubts over how long the brand can survive.
DETROIT (AP) — Owners of cars that were new or redesigned for the 2011 model year are reporting more quality problems, partly because of glitches with the navigation screens, voice-activated systems and other technology packed into their dashboards. J.D. Power and Associates released its annual survey of new vehicle quality Thursday.
Dallas, TX — Rexel, one of the world’s leading electrical distributors, announced today that it has launched a new electrical efficiency online resource: www.electrical-efficiency.com . This new online magazine will offer diverse content on related regulation, solutions, projects, markets and major news worldwide.