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Daily industrial news and top headlines for plant and maintenance managers
Nissan Cuts Prices On 7 U.S. Models
May 1, 2013 10:09 am | by Tom Krisher, AP Auto Writer | CommentsNissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers. The price cuts vary with the amount of equipment on each model and run from 2.7 percent, or $580, on the top-selling Altima midsize car to 10.7 percent, or $4,400, on the Armada big SUV.
Apple Sells $17B In Bonds In Record Deal
May 1, 2013 10:08 am | by The Associated Press | CommentsApple Inc. sold $17 billion in bonds Tuesday in a record deal spurred by the company's plan to placate its frustrated shareholders. The Cupertino, California-based company sold the bonds in its first debt issue since the 1990s to raise money to pass along to shareholders through dividend payments and stock buybacks.
Porsche 911, Viper Probed For Safety Problems
April 30, 2013 1:48 pm | by The Associated Press | CommentsU.S. safety regulators are investigating coolant leaks in Porsche 911 sports cars that could cause roadway spills and send vehicles careening out of control, and complaints that a rear suspension part can fail on the iconic Dodge Viper muscle car.
Power Company, Smelter Reach Tentative Deal
April 30, 2013 1:46 pm | by The Associated Press | CommentsA regional utility has reached a tentative agreement with an aluminum smelter on electric rates that would keep the facility in western Kentucky open. Media report that Henderson-based Big Rivers Electric Corp. and Hawesville-based Century Aluminum announced the agreement on Monday.
GE Sues Utility As Dredging Restarts On Hudson
April 30, 2013 1:44 pm | by The Associated Press | CommentsGeneral Electric Co. said it sued a utility for a share of costs associated with the $1 billion-plus Superfund cleanup of the upper Hudson River on Monday, the day the fourth season of dredging began to remove contaminated sediment from the river.
NE Lawmakers Debate Approaches To Wind Energy
April 30, 2013 1:42 pm | by Grant Schulte, Associated Press | CommentsLawmakers have advanced a bill intended to attract more wind-energy companies to Nebraska as long as residents receive some of the benefits. The measure would make it easier for renewable energy firms to qualify for sales-tax exemptions under an existing state program — the Rural Community-Based Energy Development Act — that was created to encourage wind-energy projects.
Heat, Air Conditioning Maker Expanding Dayton
April 30, 2013 1:41 pm | by The Associated Press | CommentsGoodman Manufacturing will expand its plant in Dayton, creating 200 new jobs. State and company officials announced Tuesday that Goodman is investing $2 million in the plant in Rhea County, which makes commercial and light commercial heating and air conditioning equipment.
Brazil's Embraer Inks 30-Jet Deal With United
April 30, 2013 1:39 pm | by The Associated Press | CommentsBrazilian plane maker Embraer says it's signed a firm order with United Airlines for 30 regional jets. With the option for United to buy an additional 40 jets, Embraer says the deal could eventually be worth nearly $4 billion. The first planes are to be delivered in the first quarter of 2014.
Caterpillar To Close Summerville Plant
April 30, 2013 10:11 am | by The Associated Press | CommentsCaterpillar says it plans to close its Summerville remanufacturing plant next year, a move that will put 280 people out of work. The Post and Courier of Charleston reports the company said Monday that the decision came after an extensive strategic review of the business.
Ford To Enter Myanmar With Showroom By August
April 30, 2013 10:09 am | by Erika Kinetz, Associated Press | CommentsFord Motor Co. announced its entry into Myanmar on Tuesday, saying it plans to open the nation's first sales and service showroom for new vehicles by August. Myanmar's vehicle market has been stunted by decades of international sanctions and strict import controls put in place by the military junta that ruled for nearly 50 years, handing out import licenses to a few favored tycoons.
Japan Manufacturing, Hiring Rise In March
April 30, 2013 10:08 am | by Elaine Kurtenbach, AP Business Writer | CommentsJapan manufacturing and employment showed slight improvements in March, buttressing hopes that the economy may be headed for a moderate recovery. Factory output rose 0.2 percent, the Ministry of Economy, Trade and Industry said Tuesday, in the fourth straight monthly increase. It pointed to strength in chemicals, electrical components, telecommunications equipment and steam turbines.
Yokohama: Tire Demand Calls For U.S. Plant
April 30, 2013 10:06 am | by The Associated Press | CommentsExecutives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. The company plans to invest $300 million, hiring 500 people, in a first phase, and could invest $1.2 billion, hiring 2,000 people, over time. State and local governments could give more than $340 million in aid and tax breaks.
U.S. Steel Posts 1Q Loss As Costs Rise
April 30, 2013 10:05 am | by The Associated Press | CommentsU.S. Steel says it lost $73 million in the first quarter because of tough competition and rising prices. A year ago it made money in its flat-rolled steel segment, but that was a money-loser in the most recent quarter. Production costs rose, but selling prices didn't.
Subaru Recalls More Than 10,000 Forester Wagons
April 30, 2013 10:02 am | by The Associated Press | CommentsSubaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals. The recall affects Foresters made from January 2013 through March. The company says the floor mats can curl when exposed to heat.
Disston Company Buys Industrial Building In MA
April 29, 2013 4:51 pm | CommentsThe Disston Company’s CEO and President, Stephen Chen, purchased a 130,000 square foot industrial building in Chicopee, company spokesperson, Mark Marzeotti, today announced. Disston is a manufacturer of saw blades, drill bits, and other hand and power tool-related accessories for the DIY, contractor, and industrial markets. Its brands include Blu-Mol, RemGrit, Aggressor, and Blu-Mol Xtreme.
