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Daily industrial news and top headlines for plant and maintenance managers
A123 Posts $82.9M 2Q Loss, Gets Financing Deal
August 8, 2012 1:56 pm | by The Associated Press | CommentsA123 Systems said that while its operations continue to bleed cash, it has reached an agreement with a Chinese auto parts maker for an investment of up to $450M that will help the struggling electric vehicle maker stay afloat.
Boeing Raises Prices On Commercial Jetliners
August 8, 2012 1:55 pm | by The Associated Press | CommentsBoeing spokesman Thomas Brabant said the 2012 prices reflected higher costs for wages, goods, and services.
Hyundai Motor Labor Union Resumes Strike
August 8, 2012 10:29 am | by Youkyung Lee, AP Business Writer | CommentsUnionized workers at South Korea's largest automaker resumed a walkout on Wednesday after failing to hammer out a wage deal with management.
MA 'Right To Repair' Compromise Signed Into Law
August 8, 2012 10:27 am | by Shannon Young, Associated Press | CommentsIndependent repair shops and vehicle owners who want to make their own repairs would get access to software needed to diagnose car trouble under a new bill.
China Tightens Controls On Rare Earths Production
August 8, 2012 10:25 am | by Joe McDonald, AP Business Writer | CommentsChina's government has further tightened curbs on production of rare earths used in mobile phones and other high-tech products in a move that might inflame trade tensions with Washington and Europe.
U.S. Worker Productivity Up 1.6 Percent In 2Q
August 8, 2012 10:24 am | by Christopher S. Rugaber, AP Economics Writer | CommentsThe modest 1.6 percent annualized gain in productivity from April through June signals employers may need to hire more if demand picks up.
Spyker Says It Has Served GM With $3B Lawsuit
August 8, 2012 10:22 am | by The Associated Press | CommentsSpyker, the tiny Dutch luxury car maker that failed to revive Swedish automobile group Saab, says it has served Saab's former owner, General Motors Co., with the $3 billion lawsuit it lodged earlier this week.
Chevron Response To Refinery Fire Under Criticism
August 8, 2012 10:21 am | by Jason Dearen, Terry Collins, Associated Press | CommentsInvestigators were looking at how a small, seemingly insignificant leak at one of the country's biggest oil refineries quickly unraveled into an intense fire.
Recovering Japan Automakers Still Cautious
August 7, 2012 2:34 pm | by The Associated Press | CommentsAutomakers are gearing up for a possible spillover of the eurozone debt crisis as the European market continues to deteriorate.
RI, CT Leaders: Manufacturing Key To Growth
August 7, 2012 2:32 pm | by The Associated Press | CommentsHigh-tech industries could reverse decades of manufacturing job losses if the region increases workforce development and attracts more startup businesses, members of Congress said.
Union Says Strike At WV Plant Last Resort
August 7, 2012 2:30 pm | by The Associated Press | CommentsA United Steelworkers official says a strike at Constellium Rolled Products in Ravenswood, W.Va. is a last resort to show that the union wants a fair contract.
Court Recognizes Death Caused By Nearby Plant
August 7, 2012 2:29 pm | by The Associated Press | CommentsA court ruled that a man who lived near a Kubota plant died of mesothelioma caused by asbestos used at the plant, and ordered the machinery maker to pay 31.9M yen in damages to his family.
DMI Industries Plants In ND, OK To Be Sold
August 7, 2012 2:27 pm | by The Associated Press | CommentsOtter Tail Corp. is negotiating to sell its North Dakota-based wind tower manufacturing company for $20 million, leaving the future of nearly 400 workers uncertain.
New Ford Hybrid Bests Toyota Prius In Gas Mileage
August 7, 2012 2:26 pm | by The Associated Press | CommentsFord Motor Co. says its new C-Max hybrid wagon gets 47 miles per gallon in both city and highway driving.
Teva Pharma Under SEC Bribery Investigation
August 7, 2012 9:41 am | CommentsTeva Pharmaceutical, the largest generic drug company in the world, said it is the target of a federal bribery investigation into its business in Latin America.
