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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Airbus Posts Higher 2013 Profit

February 26, 2014 10:05 am | by Greg Keller, Associated Press

European jetmaker Airbus Group said Wednesday record demand for its civilian jetliners from airlines around the world drove higher sales and profits last year. The Boeing Co. rival, known until this year as EADS, said net profit rose 22 percent to 1.47 billion euros ($2 billion) in 2013, up from 1.2 billion euros the previous year.

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GM Adds 588,000 Vehicles To Ignition Switch Recall

February 26, 2014 9:55 am | by The Associated Press

General Motors is adding more than 588,000 vehicles to a recall to fix ignition switches that can shut off engines and cause crashes. The company says it's adding Saturn Ion compacts from 2003 through 2007, and Chevrolet HHR SUVs, Pontiac Solstice, and Saturn Sky sports cars from 2006 and 2007.

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Panasonic, Tesla Eye Joint Plant In U.S.

February 26, 2014 9:48 am | by The Associated Press

Panasonic Corp. is considering setting up a new plant jointly with Tesla Motors Inc. in the United States to make lithium-ion batteries for electric vehicles, sources close to the matter said Wednesday.              

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Feds Issue Emergency Order On Oil Shipments

February 26, 2014 9:42 am | by Joan Lowy and Matthew Brown, Associated Press

Federal regulators issued an emergency order Tuesday requiring more stringent testing of crude oil before shipment by rail to determine how susceptible the cargo is to explosion or fire, a response to a string of train accidents since last summer involving oil from the Bakken region of North Dakota and Montana.

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California Slaughterhouse Under Criminal Probe

February 25, 2014 2:43 pm | by The Associated Press

The USDA has said Rancho processed diseased and unhealthy animals and circumvented federal inspection rules. The recalled beef was sold at Walmart and other national chains and used in products, including Hot Pockets.          

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Manufacturing The Comeback For The American Economy

February 25, 2014 2:39 pm | by The National Association of Manufacturers (NAM)

NAM's President attributed manufacturing’s comeback to its dynamic workforce, innovation, and game-changing energy resources. However, he noted the critical need to implement policies supporting manufacturing to eliminate the stifling effect that overregulation, high taxes, rising health care costs, and a lack of trade agreements have on manufacturers’ competitiveness.

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Chicago Lands New Digital And Design Manufacturing Hub

February 25, 2014 2:31 pm

The President has announced the Digital Manufacturing and Design Innovation Institute (DMDI), which will be headquartered in Chicago, Ill., and funded via a $70 million grant that state and private entities will match to the tune of $250 million.  

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What's A Bitcoin? A Look At The Digital Currency

February 25, 2014 2:27 pm | by Raphael Satter, Associated Press

Early Tuesday, the world's most established exchange for Bitcoin disappeared from the Internet, sending the price of the virtual currency tumbling and prompting fears that the world's biggest experiment in electronic cash could soon be strangled by fraud or regulation.

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Analyst Doubles Price Target, Boosts Tesla Shares

February 25, 2014 2:14 pm | by The Associated Press

Shares of Tesla Motors Inc. surged 16 percent Tuesday after a Wall Street analyst told investors that Tesla could shake up the electric utility sector as well as the auto industry.                     

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Consumer Reports Names Tesla Model S Its Top Pick

February 25, 2014 2:10 pm | by Dee-Ann Durbin, AP Auto Writer

The magazine cited the Model S's sporty performance and technological innovations, including its 225-mile range. But it acknowledged that the car is expensive. Consumer Reports paid $89,650 for the Model S it tested.         

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IBM Adding Jobs In Buffalo, Hudson Valley

February 25, 2014 12:18 pm | by Josefa Velasquez, Associated Press

The agreement between the company and the State University of New York College of Nanoscale Science and Engineering increases IBM's commitment of high-tech jobs at semiconductor plants in Dutchess County, Albany, and Yorktown Heights by 750 from the current 2,350, Gov. Andrew Cuomo announced.

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Campbell's Soup Plant Equipment To Be Auctioned

February 25, 2014 12:15 pm | by The Associated Press

The new owners of a shuttered Campbell Soup Co. factory in Sacramento will begin auctioning off equipment from the facility on Tuesday. The three-day auction is intended to clear space for potential tenants and raise cash. The factory's inventory is worth an estimated $6 million to $8 million.

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Honda Increases North American Manufacturing Footprint

February 25, 2014 10:29 am | by The Association For Manufacturing Technology

The start-up of the Celaya Plant increases Honda's annual automobile production capacity in North America to approximately 1.92 million units. In 2013, more than 90 percent of the Honda and Acura automobiles sold in the U.S. were produced in North America; this is expected to exceed 95 percent when the Celaya plant reaches full capacity.

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Cigarette Maker Lorillard Bans Animal Testing

February 25, 2014 10:14 am | by Michael Felberbaum, AP Tobacco Writer

Cigarette maker Lorillard Inc. has banned animal testing following discussions with an animal rights group that has raised concerns over industry studies in which animals were forced to inhale cigarette smoke, eat tobacco, and have cigarette tar painted on their skin.

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French Automakers Seek To Catch Up In China

February 25, 2014 10:08 am | by The Associated Press

Their motivation is clear: Europe's auto sales slumped last year to their lowest level since 1995, forcing French brands to join U.S. and European rivals in looking to China to drive revenues. But the timing is awkward.          

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Obama To Act On Keystone In 'A Couple Of Months'

February 25, 2014 10:03 am | by Matthew Daly, Associated Press

Nebraska Gov. Dave Heineman, a Republican who supports the pipeline, said Obama was asked about Keystone Monday at a White House meeting with about 40 governors.                           

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BlackBerry Announces New Phones, Services

February 25, 2014 9:58 am | by Anick Jesdaun, AP Technology Writer

BlackBerry will release a low-cost phone in Indonesia in April and plans a broader release of a phone that restores a beloved row of control keys with a track pad. The Indonesia phone, the Z3, will sell for less than $200 without subsidies, the company said Tuesday.

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Equipment Leasing And Finance Industry Confidence Levels Near Two-Year High

February 24, 2014 2:43 pm | by The Equipment Leasing percent Finance Foundation

Overall, confidence in the equipment finance market is 63.3, the second highest index in two years and off slightly from last month’s two-year index high of 64.9.                          

UAW Official Says Union Remains Financially Strong

February 24, 2014 2:37 pm | by Tom Krisher, AP Auto Writer

The man who appears poised to take over leadership of the United Auto Workers later this year says car companies' fears about the union's demise are unfounded. Membership has dropped from a peak of 1.5 million in 1979 to 382,000 at the end of 2012, although it's been rising slightly since 2009.

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Governors Erupt In Partisan Dispute At White House

February 24, 2014 2:28 pm | by Steve Peoples, Associated Press

Governors have broken into a partisan on-camera feud at the White House after meeting with President Barack Obama. Leaders of the National Governors Association appeared Monday before the media claiming harmony and wide agreement, but immediately broke into a partisan dispute.

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