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Daily industrial news and top headlines for plant and maintenance managers

BMW Made Record $6.4B In 2011

March 8, 2012 2:02 pm | by David McHugh, AP Business Writer

A sharp jump in sales of its luxury cars and sport utility vehicles in China helped German automaker BMW AG increase net profit by 51 percent last year.

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U.S. Unemployment Hovers Near Low Levels

March 8, 2012 2:00 pm | by Christopher S. Rugaber, AP Economics Writer

Slightly more people applied for U.S. unemployment benefits last week. But the overall level stayed low enough to suggest the job market is strengthening.

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Automakers Look To Apps For Success

March 7, 2012 2:33 pm | by The Associated Press

Automakers are eyeing the booming market for mobile phone applications and now they're reaching for a place on the bandwagon despite safety concerns.

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Chrysler Recalling Jeeps Due To Crash Risk

March 7, 2012 2:32 pm | by The Associated Press

NHTSA says some of the vehicles in question may have rear lower control arms that could break as a result of corrosion and lead to a crash.

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Alliances The Buzz Word For Europe Auto Survival

March 7, 2012 2:29 pm | by Colleen Barry, AP Business Writer

The brutal European car market is pushing many automakers to look for partners for new technology and access to fresh markets without reinventing the wheel.

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Israel Stunned By Defense Contract Ban

March 7, 2012 2:25 pm | by The Associated Press

Israel says it is "surprised" by a decision by India's defense ministry to ban a leading Israeli weapons manufacturer from bidding on Indian defense contracts for the next decade.

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NY Town Gets Grant To Study Industrial Pollution

March 7, 2012 2:23 pm | by The Associated Press

The EPA has announced a $100,000 grant to help the town of Tonawanda, N.Y. address the health risks posed by the numerous air-polluting facilities in the area.

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General Electric Forecasts Global Business Growth

March 7, 2012 2:22 pm | by The Associated Press

GE believes that Latin America, not the rest of Asia, will set the pace for growth next year and confirmed its prediction of overall double-digit percentage earnings growth Wednesday in both industrial and capital segments.

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Deal With IL Cable Plant To Bring 1,450 Jobs

March 7, 2012 10:18 am | by Sophia Tareen, Associated Press

Georgia-based Southwire Company said the Illinois plant has agreed to manufacture 500 miles of overhead transmission cable for a grid designed to harness wind energy.

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Obama Says Nation Needs Tax Law Changes

March 7, 2012 10:16 am | by Ken Thomas, Associated Press

President Barack Obama told business leaders that the nation needs to reform its tax system to help boost the economy.

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New iPad Expected To Be Faster, Sharper

March 7, 2012 10:14 am | by Peter Svensson, AP Technology Writer

Apple is holding an event Wednesday in San Francisco, and has hinted that it will reveal a new iPad model.

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Ford CEO Is $34.5M Richer After Stock Payout

March 7, 2012 10:13 am | by The Associated Press

United Auto Workers President Bob King has called Mulally's pay "morally wrong."

More Natural Gas Vehicles Hitting The Market

March 7, 2012 10:07 am | by Dee-Ann Durbin, AP Auto Writer

More natural gas-powered vehicles will hit the market soon, as rising gasoline prices, booming natural gas production and proposed tax credits make them a more attractive option.

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U.S. Worker Productivity Growth Slowed In Q4

March 7, 2012 10:06 am | by Marting Crutsinger, AP Economics Writer

Fewer gains in worker output suggests employers must add workers if they want to meet higher demand.

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Congress Approves Punitive Tariffs Against China

March 6, 2012 2:08 pm | by Jim Abrams, Associated Press

Congress is moving to reaffirm that the government has the right to impose higher tariffs on goods from countries that subsidize their exports to the United States.

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Marchionne Urges EU To Move On Overcapacity

March 6, 2012 2:05 pm | by Colleen Barry, Associated Press

Fiat and Chrysler's CEO said that European officials need to provide a "concerted road map" for the auto industry to close idled plants — or risk the failure of European automakers.

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3 Charged With Fraud Over Porsche's VW Bid

March 6, 2012 2:02 pm | by The Associated Press

Prosecutors filed credit fraud charges against officials with Porsche, alleging they gave false information during a failed takeover attempt.

Chrysler To Sell Natural Gas-Powered Truck

March 6, 2012 2:00 pm | by The Associated Press

Chrysler aims to be the first U.S. automaker to produce a factory-built pickup truck that is powered mainly by natural gas.

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MO Lawmakers Push To Prevent Mamtek-Like Failures

March 6, 2012 1:59 pm | by The Associated Press

A Missouri House committee has endorsed several new mandates for state and local government after the planned construction of a sweetener plant failed last year.

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Cyber-Hacking Team Busted In Wide Attacks

March 6, 2012 1:57 pm | by David B. Caruso, Associated Press

A group of expert hackers who attacked corporations around the globe have been arrested after its ringleader secretly began working as an informant for the FBI, authorities announced.

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