Gun manufacturer Sturm, Ruger & Co. could receive nearly $15 million for opening a new factory in the North Carolina community already home to America's largest firearms maker. Mayodan's town council on Monday approved offering Southport, Conn.-based Sturm, Ruger more than $850,000 over 14 years if it meets investment and job targets, The News & Record of Greensboro reported.
The AFL-CIO plans to open its membership to more non-union groups in an effort to restore the influence of organized labor as traditional union rolls continue to decline. A resolution approved Monday at the federation's quadrennial convention in Los Angeles would expand membership for workers who aren't covered by a collective bargaining agreement.
A car that transformed into a submarine in the James Bond movie "The Spy Who Loved Me" has been sold at a London auction for 550,000 pounds ($865,000). The distinctively-shaped white Lotus Esprit, designed for an underwater scene in the 1977 film starring Roger Moore, was sold at RM Auctions on Monday.
Renault's chief executive Carlos Ghosn says his No. 2 decided to step down after telling a reporter that he had his eye on the top job at General Motors Co. or Ford Motor Co. In an interview last month, chief operating officer Carlos Tavares told Bloomberg that he doubted he'd ever become head of Renault because Ghosn is still relatively young.
The U.S. government is investigating allegations that the electric version of the Ford Focus can stall without warning. The National Highway Traffic Safety Administration said Tuesday it has gotten 12 complaints from drivers of Focus Electrics from the 2012 and 2013 model years.
The Oshkosh Corp. is once asking union members to reopen contract extension talks with the company to help win a military contract. Oshkosh has asked for a five-year extension on the present labor contract with United Auto Workers Local 578 that expires in 2016.
Gov. Nathan Deal touted the state's efforts to lure manufacturing firms with its energy policy on Monday, saying a recent energy sales tax exemption has brought jobs to Georgia and that a stable supply in the state could bring more. Last year, state lawmakers approved a plan that eliminated the energy sales tax on manufacturing plants.
Gov. Rick Perry and top executives are attending the opening of a Fort Worth plant where cellphone pioneer Motorola will produce the first smartphone ever assembled in the U.S. Motorola is owned by Google, whose Executive Chairman, Eric Schmidt, will be on-hand Tuesday, as will Motorola CEO Dennis Woodside.
Financially troubled Furniture Brands International is laying off 1,451 workers in northeast Mississippi after filing for Chapter 11 bankruptcy. The St. Louis, Mo., furniture company designs, manufactures and markets furniture under a variety of notable brand names, including Broyhill and Thomasville.
Jaguar Land Rover has announced a substantial new investment in Britain and the creation of 1,700 jobs. The Indian-owned company plans to invest 1.5 billion pounds ($2.3 billion) to produce an advanced new car manufactured out of aluminum.
Toyota is recalling 880,584 RAV4 SUVs and Lexus HS 250h sedans in the U.S. and Canada because a repair announced last year may not have solved a safety problem. RAV4s from the 2006 through 2011 model years and the Lexus HS250h from the 2010 model year are involved in the recall.
July U.S. manufacturing technology orders totaled $351.21 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 23.6 percent from June and down 23.6 percent when compared with the total of $459.44 million reported for July 2012. With a year-to-date total of $2,925.12 million, 2013 is down 7.2 percent compared with 2012.
Allied Reliability Group (ARG) is pleased to announce a new partnership between ARG and Pfingsten Partners, L.L.C. Pfingsten is a long-established private equity group with decades of experience building services companies like ARG. Their resources will accelerate our growth and innovation while building the operational excellence needed to manage growth without sacrificing outstanding service to our clients.
Richard Van As, a South African carpenter, lost four fingers from his right hand to a circular saw two years ago. He was unable to afford the tens of thousands of dollars to get a myoelectric hand, so he decided to build his own. After seeing a video posted online of a mechanical hand made for a costume in a theater production, he reached out to its designer, Ivan Owen, in Seattle.
When cars talk to each other, everyone on the road is safer. That's the summation of University of Minnesota Duluth professor Imran Hayee after five years of work with his electrical engineering graduate students to create technology that will better inform drivers as they travel in congested areas.
Koch Industries Inc. is buying electronic components and cables maker Molex for $7.2 billion. Koch — run by the billionaire brothers Charles and David — said Monday that it will pay $38.50 per Molex Inc. share. That's a 31 percent premium to the company's common stock price of $29.34 on Friday.
Employers are sketching a hazy picture of the U.S. job market for the Federal Reserve to weigh in deciding this month whether to reduce its stimulus for the economy — and, if so, by how much. The economy added 169,000 jobs in August but many fewer in June and July than previously thought.
A Michigan factory that makes lithium-ion batteries for General Motors is halting production for up to six weeks because of a controversy over a chemical. LG Chem spokesman Jeremy Hagemeyer says a chemical used to make batteries may not be registered with the U.S. Environmental Protection Agency. He declined to name it.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
The world's automakers are showing off their shiniest, most advanced vehicles at the Frankfurt Auto Show, which opens this week. Among the 70 world premieres are a notable number of new cars powered either by batteries or hybrid gas-electric systems. There are also outlandish concept cars that flaunt technology and design but aren't intended for sale.