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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Asian Electric Car Consortium To Buy Bankrupt Saab

June 13, 2012 10:25 am | by Louise Nordstrom, Associated Press

Swedish automaker Saab Automobile was Wednesday rescued from insolvency when an Asian consortium sealed a deal to buy the brand's main assets with the aim of making electric cars.

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GM Holds 'Constructive' Talks With German Unions

June 13, 2012 10:23 am | by Tom Krisher, AP Auto Writer

General Motors is making progress in restructuring its money-losing European operations, CEO Dan Akerson told shareholders.

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$25M Awarded To NY Steelworker In Racial Lawsuit

June 13, 2012 10:21 am | by The Associated Press

A jury has awarded $25M in damages to a New York steel plant employee who says his bosses failed to stop years of racial taunts and insults from his co-workers.

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Ford Makes Big Investment In Louisville

June 13, 2012 10:20 am | by Bruce Schreiner, Associated Press

Ford has transformed a nearly 60-year-old assembly plant into the new home of the redesigned Escape, its entry in the ultra-competitive small SUV category. And it's bolstered the workforce to make the vehicle.

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Solar Stocks Soar On First Solar Deal

June 13, 2012 10:18 am | by The Associated Press

Solar company stocks shined Tuesday on signs that global demand for solar products is improving.

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Kraft To Close WI Cheese Plant

June 13, 2012 10:17 am | by The Associated Press

Kraft Foods Inc. plans to close a cheese plant in Waupaca and lay off 120 employees in a cost-cutting move.

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GM CEO Blames Europe, Economy For Stock Price

June 12, 2012 2:15 pm | by Tom Krisher, AP Auto Writer

Akerson ranked Europe at the top of GM's problems, telling shareholders that the company is making progress there.

Toyota, WV College Partner On Training Program

June 12, 2012 2:13 pm | by The Associated Press

A new education-to-work program will give students hands-on experience in manufacturing while they earn a two-year degree.

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Shares Of A123 Systems Soar On Technology News

June 12, 2012 2:11 pm | by The Associated Press

Shares of A123 Systems jumped in early trading after the embattled electronic-car battery maker said that it had developed new lithium ion technology capable of operating in extreme heat or cold.

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Pulaski, TN To Get 800 Jobs In Plant Expansion

June 12, 2012 2:10 pm | by The Associated Press

Magneti Marelli will expand its operations in Pulaski, Tenn., creating 800 jobs as part of a $53.7 million investment.

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Parts Supplier NTN Boosting IN Plant Production

June 12, 2012 2:07 pm | by The Associated Press

Auto parts supplier NTN Driveshaft says it is spending $18M on new equipment for its Indiana factory, with plans to increase production and add perhaps 50 jobs during the next year.

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Electrolux Gives $5M Contract To Memphis Firm

June 12, 2012 2:05 pm | by The Associated Press

Appliance maker Electrolux says it has awarded a $5 million equipment contract to a Memphis company for the development of assembly line and conveyance systems at its new plant.

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Fed Reports How Much Recession Shrank U.S. Wealth

June 12, 2012 10:06 am | by Martin Crutsinger, AP Economics Writer

The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday.

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Factory Raids Reveal Child Labor Persists In India

June 12, 2012 10:04 am | by Katy Daigle, Associated Press

Police raids on factories in the Indian capital revealed dozens of migrant kids hard at work Tuesday despite laws against child labor.

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GM CEO Hopeful Politicians Will Prevent Recession

June 12, 2012 10:03 am | by The Associated Press

Akerson says he's cautiously optimistic that U.S. political leaders will agree on an economic package to keep the country from tipping into a recession.

Apple Kicks Google Maps Off iPhone, Adds Facebook

June 12, 2012 10:01 am | by Michael Liedtke, Peter Svensson, AP Technology Writers

Apple is escalating the feud between two of the world's most influential companies by dumping Google's mapping service as a built-in feature on most iPhones and iPads.

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Sector Snap: Steel Shares Slide

June 12, 2012 9:59 am | by The Associated Press

Shares of steel companies fell Monday on investor concerns that industry conditions will worsen as steel prices fall and demand for the metal slows in a weakening economy.

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Iraq Awards Contracts For Oil Pipeline Factories

June 12, 2012 9:57 am | by The Associated Press

Iraq awarded contracts worth nearly $300M to Indian and Danish firms to set up factories to manufacture oil and gas pipelines, an official said.

2011 Sees Record Investments In Renewable Energy

June 11, 2012 2:07 pm | by Frank Jordans, Associated Press

Global investment in renewable energy reached a record of $257B last year, with solar attracting more than half the total spending, according to a U.N. report.

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Airbus: No Interest In Boeing's KS Facility

June 11, 2012 2:04 pm | by Roxana Hegeman, Associated Press

An Airbus official says the Boeing's decision to close its Wichita plant will likely have a favorable impact on Airbus operations.

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