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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Airbus Parent Profits Hit By A380 Wing Problem

May 16, 2012 10:19 am | by The Associated Press

Airbus parent company EADS said its first quarter earnings were hammered by a hefty $203M charge to fix problematic wing parts on its flagship A380 superjumbo.

Congress Moves To Reauthorize Export-Import Bank

May 15, 2012 2:26 pm | by Jim Abrams, Associated Press

President Barack Obama has pushed for its renewal, saying it is key to his jobs-promoting goal of doubling exports over a five-year period.

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U.S. Business Stockpiles Grew In March

May 15, 2012 2:24 pm | by Marting Crutsinger, AP Economics Writer

U.S. companies restocked more slowly in March, continuing a trend that has weighed on growth this year.

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A123 1Q Loss More Than Doubled

May 15, 2012 2:22 pm | by The Associated Press

Battery maker A123 Systems said its 1Q was pulled down by hefty costs related to its ongoing replacement of potentially defective batteries and the shutdown of the plant that made them.

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Plexus To Build $50M Plant In WI

May 15, 2012 2:20 pm | by The Associated Press

Plexus Corp. says its new $50 million high-tech manufacturing plant in Neenah will create 350 jobs.

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Wireless Startup LightSquared Files For Bankruptcy

May 15, 2012 2:19 pm | by Peter Svensson, AP Technology Writer

LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.

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Americans Spending More As Gas Prices Fall

May 15, 2012 2:17 pm | by Christopher S. Rugaber, Martin Crutsinger, AP Economics Writers

Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.

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Markets Recover As Eurozone Dodges Recession

May 15, 2012 10:33 am | by Carlo Piovano, AP Business Writer

European markets bounced back from early losses on news that the 17-country eurozone has narrowly dodged recession, thanks mainly to strong growth in Germany.

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Plastics Company To Reopen Woonsocket Mill

May 15, 2012 10:31 am | by The Associated Press

The Woonsocket Call reports the company plans to put $1M into the facility and hopes to increase its 50-member workforce by 25 percent as part of its expansion plans.

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Toyota Industries Holds Plant Opening Ceremony

May 15, 2012 10:29 am | by The Associated Press

Machinery maker Toyota Industries Corp. said Tuesday an opening ceremony was held Monday in Vietnam for a plant producing forklift parts.

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Kodak Closing Rochester Unit; 80 Jobs Impacted

May 15, 2012 10:28 am | by The Associated Press

Since Kodak filed for Chapter 11 bankruptcy protection in January, the company has announced nearly 500 layoffs in the Rochester area.

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China Faces Pressure To Reverse Economic Slump

May 15, 2012 10:27 am | by Elaine Kurtenbach, Joe McDonald, AP Business Writers

China's economic growth has decelerated from overheated to slower than Beijing wanted in just half a year as export demand and consumer spending at home weaken.

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Judge Strikes Down Union Election Rules

May 15, 2012 10:25 am | by Sam Hananel, Associated Press

A federal judge struck down new regulations governing union elections, saying the National Labor Relations Board did not follow proper voting procedures when it approved the rules last year.

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Opel Head Lays Out Plans For Turnaround

May 14, 2012 2:34 pm | by The Associated Press

General Motor's Opel unit will push into new export markets and increase the efficiency of its plants to return to profitability, the head of the Germany-based subsidiary said.

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Nissan Remains Committed To 1M Unit Japan Output

May 14, 2012 2:33 pm | by The Associated Press

Ghosn said the Japanese automaker remains committed to producing 1 million units per year in Japan despite the strong yen.

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Toyota Begins Manufacturing Corollas In China Factory

May 14, 2012 2:32 pm | by The Associated Press

The leading Japanese automaker built the factory at a cost of around 3.8 billion yuan, or about 50 billion yen, creating 2,000 jobs, it said.

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Hyundai Car Probed After Air Bag Cuts Owner's Ear

May 14, 2012 2:30 pm | by The Associated Press

U.S. safety regulators are investigating a complaint that a car owner's ear was cut in half when a side air bag inflated in a Hyundai Elantra.

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Auto Supplier To Buy MI Facility, Add 450 Jobs

May 14, 2012 2:29 pm | by The Associated Press

Brose North America Inc. announced an agreement to buy the 380,000-square-foot facility to increase its capacity for door modules and seat structures.

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China Yuchai 1Q Profit Falls On Lower Engine Sales

May 14, 2012 2:27 pm | by The Associated Press

Diesel engine maker China Yuchai International Ltd. said Monday its first-quarter profit fell 27 percent, pulled down by lower demand from commercial vehicle makers.

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Canon Eyes Robot-Only Camera Production

May 14, 2012 10:27 am | by Yuri Kageyama, AP Business Writer

Canon Inc. is moving toward fully automating digital camera production in an effort to cut costs — a key change being played out across Japan, a world leader in robotics.

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