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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

ArcelorMittal Net Profit Drops In 1st Quarter

May 10, 2012 2:23 pm | by The Associated Press

The world's biggest steel maker posted a sharp drop in 1Q net profit, announcing earnings of $11M compared with $1.069B for the same period a year ago.

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Obama Dings Romney's Claim Of Credit For Autos

May 10, 2012 2:21 pm | by The Associated Press

Obama says people remember that Romney's stance was that Detroit should have been allowed to go through bankruptcy without taxpayer help.

Micron In Talks To Acquire Japanese Chipmaker

May 10, 2012 2:19 pm | by The Associated Press

U.S. chipmaker Micron Technology Inc. said Thursday it is in talks to acquire Elpida Memory Inc., which earlier this year filed for Japan's largest-ever manufacturing bankruptcy.

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MSC Expands Relationship with Tooling U

May 10, 2012 2:17 pm | by MSC Industrial Supply Co.

MSC Industrial Supply announced it has signed an agreement to create a first-of-its-kind certificate program with Tooling U, a leader in online training for the manufacturing industry.

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Honda Wins Appeal Of Small-Claims Hybrid Judgment

May 9, 2012 2:14 pm | by Greg Risling, Associated Press

A judge overturned a nearly $10,000 small-claims judgment against Honda that was won by a car owner who said the automaker misrepresented the gas mileage of her hybrid Civic, according to a ruling released Wednesday.

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UAW Chief Disputes Romney's Auto Bailout Claims

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

The head of the United Auto Workers union is disputing presumptive Republican presidential nominee Mitt Romney's claim that he deserves credit for saving Detroit's automakers.

Nissan Breaks Ground On Engine Plant

May 9, 2012 2:10 pm | by The Associated Press

Nissan has broken ground on an engine plant in Decherd, Tenn., that is expected to create up to 400 jobs.

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U.S. Wholesale Stockpiles Grew In March

May 9, 2012 2:09 pm | by Marting Crutsinger, AP Economics Writer

U.S. wholesalers increased their stockpiles 0.3 percent in March after seeing less growth in sales.

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Boeing Sells 3 More 777s To EVA Air

May 9, 2012 2:07 pm | by The Associated Press

Boeing said it sold three 777s to Taiwan's EVA Air. The 777's list price is $298.3M, making the order for three of them worth almost $895M, though discounts are common.

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Commodities Fall Broadly On Europe Concerns

May 9, 2012 2:04 pm | by Sandy Shore, AP Business Writer

Doubts about Europe's political and economic future drove prices down for a wide range of commodities Tuesday as worries persisted about future demand for everything from copper and oil to soybeans.

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Ford To Boost Factory Output By 40,000 Vehicles

May 9, 2012 10:10 am | by Tom Krisher, AP Auto Writer

Rising car and truck sales have prompted Ford Motor Co. to add a week of production at 13 North American factories so the company can make another 40,000 vehicles this year.

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China Auto Sales Up In April, But Down For Year

May 9, 2012 10:09 am | by Elaine Kurtenbach, AP Business Writer

Vehicle sales in China, the world's largest auto market, rose in April but are down for the year amid tighter credit and slower economic growth.

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Toyota Quarterly Profit Quadruples On Recovery

May 9, 2012 10:07 am | by Yuri Kageyama, AP Business Writer

Toyota's quarterly profit more than quadrupled to $1.5 billion, and the automaker gave upbeat forecasts as it recovers from a sales plunge caused by the tsunami in Japan last year.

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Colfax Reports 1Q Loss On Acquisition Costs

May 9, 2012 10:06 am | by The Associated Press

The pump and valve maker said acquisition costs helped the company swing to a loss in its first quarter, even as its newly acquired business helped boost revenue sharply.

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Ford Adds Virginia To Windstar Recall

May 9, 2012 10:04 am | by The Associated Press

Ford is adding 27,000 Windstar minivans from Virginia to a larger recall because the rear axles can crack and fail.

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Hostess Notifies State Of 184 Layoffs

May 9, 2012 10:03 am | by The Associated Press

Wholesale baking company Hostess Brands Inc., has notified the state it may lay off more than 180 workers in Wisconsin as part of its plan to get out of bankruptcy.

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Vacuum Robot Is Trilingual, Knows Witty Dialect

May 8, 2012 2:23 pm | by Yuri Kageyama, AP Business Writer

It looks just like iRobot's Roomba vacuuming machine, except the new circular roaming vacuum cleaner from Sharp Corp. is trilingual, and even knows a hip humorous dialect.

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Struggling RIM Announces New Execs

May 8, 2012 2:21 pm | by Rob Gillies, Associated Press

BlackBerry maker Research in Motion Ltd. said it has hired two new senior executives, including a marketing chief, as the company looks to regain market share lost to Apple's iPhone.

Toyota To Boost KY Engine Assembly Capacity

May 8, 2012 2:20 pm | by The Associated Press

The automaker said the approximately $30 million project will increase the annual assembly capacity of four-cylinder engines by more than 100,000.

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Romney Taking Credit For Auto Industry Success

May 8, 2012 2:18 pm | by Steve Peoples, Associated Press

Mitt Romney re-ignited the bailout debate by suggesting he deserves "a lot of credit" for the recent successes of the nation's largest car companies.

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