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Daily industrial news and top headlines for plant and maintenance managers

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.


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.


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.


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.


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.


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.


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.


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.


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.


Altera Stock Up After 2Q Results Beat Estimates

July 25, 2012 10:26 am | by The Associated Press

Chip maker Altera Corp. said Tuesday that its second-quarter net income fell 24 percent as revenue declined, but the results beat Wall Street's expectations and shares jumped in after-hours trading.


Apple Tucks Away Billions For Taxes It May Never Pay

July 24, 2012 2:19 pm | by Peter Svensson, The Associated Press

Apple Inc., already the world's most valuable company, understates its profits compared with other multinationals. It's building up an overlooked asset in the form of billions of dollars, tucked away for tax bills it may never pay.

CAT June Sales Rise 11 Percent

July 24, 2012 2:16 pm | by The Associated Press

Caterpillar Inc. said Tuesday that its global sales rose 11 percent in June, boosted by higher North American demand that offset flat sales in Europe, Africa and the Middle East.


GM Shuts Down Brazilian Plant

July 24, 2012 2:14 pm | by The Associated Press

The Brazilian subsidiary of GM says it temporarily shut down its eight production units amid fears of unspecified action by a local union that warns of imminent mass dismissals.


Chrysler May Invest $198M At Detroit Plant

July 24, 2012 2:13 pm | by The Associated Press

Chrysler Group LLC is considering investing nearly $198 million at an engine plant in Detroit.


AK Steel Posts 2Q Loss On Sales Drop, Hefty Charge

July 24, 2012 2:11 pm | by The Associated Press

AK Steel Holding Corp. posted a second-quarter loss on Tuesday as sales fell 14 percent and the steel maker recorded a hefty charge related to taxes.


Toyota Industries To Build Car Parts Test Course

July 24, 2012 2:10 pm | by The Associated Press

Toyota Industries Corp. will set up its own test course to speed up the development of key hybrid and electric car components including motors and AC-DC converters.


Police: Woman Killed In AR Workplace Shooting

July 24, 2012 10:30 am | by Jeannie Nuss, Associated Press

A woman is accused of fatally shooting a co-worker Monday at an Arkansas plant after the two apparently had an earlier altercation, authorities said.


Hawker Beechcraft Execs Seek $5M Amid Bankruptcy

July 24, 2012 10:29 am | by Roxana Hegeman, Associated Press

Hawker Beechcraft wants to pay eight senior executives more than $5.3 million in bonuses as it tries to emerge from bankruptcy.

Cisco To Lay Off 1,300 Employees In Latest Cutback

July 24, 2012 10:27 am | by The Associated Press

Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.



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