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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

China Solar Makers Decry Trade Spat

July 27, 2012 10:32 am | by Elaine Kurtenbach, AP Business Writer

Chinese solar panel makers are urging Beijing to seek talks with the European Union over a dispute they say threatens to escalate into a trade war.

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Airbus Owner EADS Ups Targets, Delays A350

July 27, 2012 10:30 am | by Toby Sterling, AP Business Writer

Airbus parent company EADS NV on Friday announced a further delay to its new A350 aircraft as it reported second-quarter earnings that almost quadrupled from a year ago.

Weaker Demand Pressures Dow Chemical 2Q

July 27, 2012 10:29 am | by The Associated Press

Dow Chemical Co.'s second-quarter net income fell 34 percent as weaker demand led to lower prices. Softness in Europe and a stronger dollar also weighed on results. The biggest U.S. chemical maker expects to accelerate cost-cutting efforts.

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Graphic Products Expands European Distribution

July 26, 2012 12:19 pm | by Graphic Products, Inc.

In response to rapidly increasing business-to-business/industrial demand and significant sales growth overseas, industrial labeling systems manufacturer Graphic Products, Inc. has forged a strategic partnership with European distributor Rebo B.V., based in the Netherlands.

Hyundai Logs Record Profit On Overseas Sales

July 26, 2012 12:10 pm | by Youkyung Lee, AP Business Writer

Hyundai Motor Co. posted a record quarterly profit as new models perked sales in overseas markets despite slowing economic growth.

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China Denies Using Stolen U.S. Copter Technology

July 26, 2012 12:08 pm | by The Associated Press

Allegations that China used stolen U.S. technology to develop a modern military attack helicopter were "severe deviations" from the facts, the Chinese Defense Ministry said Thursday.

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Boeing 2Q Net Income Up, Raises Outlook

July 26, 2012 12:06 pm | by Samantha Bomkamp, AP Airlines Writer

Boeing Co. posted a surprise improvement in second-quarter net income Wednesday as demand for passenger jets thrived and its defense business held its own.

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U.S. Durable Goods Orders Fall Outside Aircraft

July 26, 2012 12:04 pm | by Christopher S. Rugaber, AP Economics Writer

The decline for long-lasting U.S. factory goods orders, outside volatile aircraft and other transportation equipment, suggests businesses are losing confidence in the economy.

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GM Resumes Production In Brazil

July 26, 2012 12:01 pm | by The Associated Press

The Brazilian subsidiary of General Motors says production at its plants near Sao Paulo has resumed after a one-day shutdown was ordered because of fears of an unspecified job action by a local union.

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France Plans To Save Car Industry By Going Green

July 25, 2012 1:47 pm | by Sarah DiLorenzo, Sylvie Corbet, Associated Press

Green technology is the answer to the declining fortunes of France's auto industry, according to a new government plan to turn the sector around.

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Chrysler Wants Duke Energy To Return $2.5M Deposit

July 25, 2012 1:45 pm | by The Associated Press

Chrysler Group LLC has filed a complaint with Indiana regulators demanding that Duke Energy return a $2.5 million security deposit it charged the automaker's Kokomo plants in 2009.

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European Losses Hurt Ford's 2Q Profit

July 25, 2012 1:43 pm | by Dee-Ann Durbin, AP Auto Writer

Plummeting sales in Europe — and no hope for a quick fix in the troubled region — hurt Ford's second-quarter profit and forced the company to lower its full-year earnings forecast.

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Apple Sags As Consumers Buy Cheaper iPhones

July 25, 2012 1:42 pm | by Peter Svensson, AP Technology Writer

More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow.

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Hitachi Wins Contract For UK Inter-City Trains

July 25, 2012 1:39 pm | by The Associated Press

Japanese machinery maker Hitachi won a $7B deal with the British government to build and maintain trains that will connect London with other cities, a project that will create more than 900 jobs.

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Oklahoma Seeks Natural Gas Vehicles

July 25, 2012 1:38 pm | by The Associated Press

Oklahoma and 20 other states are asking U.S. auto manufacturers to produce compressed natural gas vehicles for state vehicle fleets.

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Toyota Takes First-Half Global Sales Lead From GM

July 25, 2012 10:33 am | by Tom Krisher, Yuri Kageyama, AP Business Writers

Toyota bounced back from safety recalls and natural disasters, selling 4.97 million vehicles globally in the first half of the year to retake its crown as the world's top automaker from General Motors Co.

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Lead Found At SC Asphalt Plant Site

July 25, 2012 10:31 am | by Meg Kinnard, Associated Press

South Carolina health and environmental officials said Tuesday they have alerted federal authorities after finding elevated levels of arsenic and lead at a Columbia asphalt plant site.

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CA Court Reinstates Lawsuit Against Glock

July 25, 2012 10:30 am | by The Associated Press

A California appeals court has reinstated a now-retired paralyzed Los Angeles police officer's product liability lawsuit against gun manufacturer Glock.

Peugeot Citroen In H1 Loss As Europe Hits Business

July 25, 2012 10:28 am | by Sarah DiLorenzo, AP Business Writer

Europe's economic crisis pushed carmaker PSA Peugeot Citroen into a first-half loss of $990M, just as the company is set to clash with the French government over its restructuring plan.

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Oil Prices Steady On Stronger Chinese Factory Data

July 25, 2012 10:27 am | by Chris Kahn, AP Energy Writer

The price of oil is up slightly on signs that China's manufacturing is getting stronger.

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