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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Wireless Startup LightSquared Files For Bankruptcy

May 15, 2012 2:19 pm | by Peter Svensson, AP Technology Writer

LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.

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Americans Spending More As Gas Prices Fall

May 15, 2012 2:17 pm | by Christopher S. Rugaber, Martin Crutsinger, AP Economics Writers

Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.

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Markets Recover As Eurozone Dodges Recession

May 15, 2012 10:33 am | by Carlo Piovano, AP Business Writer

European markets bounced back from early losses on news that the 17-country eurozone has narrowly dodged recession, thanks mainly to strong growth in Germany.

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Plastics Company To Reopen Woonsocket Mill

May 15, 2012 10:31 am | by The Associated Press

The Woonsocket Call reports the company plans to put $1M into the facility and hopes to increase its 50-member workforce by 25 percent as part of its expansion plans.

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Toyota Industries Holds Plant Opening Ceremony

May 15, 2012 10:29 am | by The Associated Press

Machinery maker Toyota Industries Corp. said Tuesday an opening ceremony was held Monday in Vietnam for a plant producing forklift parts.

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Kodak Closing Rochester Unit; 80 Jobs Impacted

May 15, 2012 10:28 am | by The Associated Press

Since Kodak filed for Chapter 11 bankruptcy protection in January, the company has announced nearly 500 layoffs in the Rochester area.

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China Faces Pressure To Reverse Economic Slump

May 15, 2012 10:27 am | by Elaine Kurtenbach, Joe McDonald, AP Business Writers

China's economic growth has decelerated from overheated to slower than Beijing wanted in just half a year as export demand and consumer spending at home weaken.

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Judge Strikes Down Union Election Rules

May 15, 2012 10:25 am | by Sam Hananel, Associated Press

A federal judge struck down new regulations governing union elections, saying the National Labor Relations Board did not follow proper voting procedures when it approved the rules last year.

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Opel Head Lays Out Plans For Turnaround

May 14, 2012 2:34 pm | by The Associated Press

General Motor's Opel unit will push into new export markets and increase the efficiency of its plants to return to profitability, the head of the Germany-based subsidiary said.

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Nissan Remains Committed To 1M Unit Japan Output

May 14, 2012 2:33 pm | by The Associated Press

Ghosn said the Japanese automaker remains committed to producing 1 million units per year in Japan despite the strong yen.

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Toyota Begins Manufacturing Corollas In China Factory

May 14, 2012 2:32 pm | by The Associated Press

The leading Japanese automaker built the factory at a cost of around 3.8 billion yuan, or about 50 billion yen, creating 2,000 jobs, it said.

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Hyundai Car Probed After Air Bag Cuts Owner's Ear

May 14, 2012 2:30 pm | by The Associated Press

U.S. safety regulators are investigating a complaint that a car owner's ear was cut in half when a side air bag inflated in a Hyundai Elantra.

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Auto Supplier To Buy MI Facility, Add 450 Jobs

May 14, 2012 2:29 pm | by The Associated Press

Brose North America Inc. announced an agreement to buy the 380,000-square-foot facility to increase its capacity for door modules and seat structures.

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China Yuchai 1Q Profit Falls On Lower Engine Sales

May 14, 2012 2:27 pm | by The Associated Press

Diesel engine maker China Yuchai International Ltd. said Monday its first-quarter profit fell 27 percent, pulled down by lower demand from commercial vehicle makers.

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Canon Eyes Robot-Only Camera Production

May 14, 2012 10:27 am | by Yuri Kageyama, AP Business Writer

Canon Inc. is moving toward fully automating digital camera production in an effort to cut costs — a key change being played out across Japan, a world leader in robotics.

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Toyota's Resurgence Hinges On Supplier Ties

May 14, 2012 10:25 am | by The Associated Press

The Japanese automaker is expecting a strong recovery but its revival appears to hinge on whether it can implement structural reforms that involve revamping its relations with subcontractors in Japan.

Canadian Solar To Make Panels In Japan

May 14, 2012 10:23 am | by The Associated Press

The world's fifth largest solar module maker plans to build a plant in Japan as early as fiscal 2013 to become the first foreign manufacturer to produce solar panels in the country, company sources said.

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Yamaha Motor To Build Motorcycle Factory In India

May 14, 2012 10:21 am | by The Associated Press

The factory will be located on the outskirts of the city of Chennai, Tamil Nadu state, with operations scheduled to commence in 2014 and annual production targeted at 1.8 million units by 2018.

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Legendary Car Designer, Racer Shelby Dies At 89

May 14, 2012 10:19 am | by Jeff Wilson, Associated Press

A one-time chicken farmer, Shelby was credited with injecting testosterone into Ford's Mustang and Chrysler's Viper.

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Tractor Plant Proposes $3M ND Expansion

May 14, 2012 10:16 am | by The Associated Press

A tractor plant in Fargo is requesting a five-year tax break on an addition that owners say will add 48 jobs with an annual payroll of more than $3 million.

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