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Daily industrial news and top headlines for plant and maintenance managers

GM Plans $215M MI Investment

October 31, 2011 5:23 am

SAGINAW, Mich. (AP) — General Motors Co. said Friday it will invest about $215 million in its Saginaw Metal Casting Operation for future engine block and head casting work. The move is expected to create or retain about 275 jobs, the Detroit-based automaker said. The Saginaw, Mich.


TDK To Cut 12 Percent Of Global Workforce

October 31, 2011 5:21 am

TOKYO, Oct. 31 (Kyodo) — Electronic parts maker TDK Corp. said Monday it will cut around 12 percent of its group-wide workforce within one to two years to streamline operations in the face of falling earnings. The planned cut of about 11,000 jobs is expected to reduce costs by 20 billion yen, said TDK, which had 88,449 workers on its payroll at home and abroad as of September 30.

Boeing To Build Spacecrafts

October 31, 2011 5:16 am | by Brendan Farrington, Associated Press

ORLANDO, Fla. (AP) — Boeing will announce an agreement with Space Florida on Monday to lease the hangar that housed the space shuttles to build similar craft that will bring people and cargo to space. The deal with the state's space agency will create 140 jobs in the next 18 months and 550 jobs by 2015 in an area that's lost jobs as the space shuttle program was retired earlier this year, according to Gov.


Indiana Company Lands Hybrid Van Contract

October 28, 2011 9:30 am

MISHAWAKA, Ind. (AP) — The northern Indiana factory where AM General once made H2 Hummers could soon be building plug-in, hybrid cargo vans. Anderson-based Bright Automotive announced Friday it had signed an agreement for AM General to start building its Idea work van in 2013 or 2014 at the Mishawaka (mish-ah-WAH'-kuh) factory.

Feds Say Fined Toy Company Knowingly Violated Law

October 28, 2011 9:24 am

WASHINGTON (AP) -- The federal government slapped a hefty $1.3 million fine on a toy company that sold popular arts-and-crafts beads that were linked to a dangerous drug and sickened about a dozen children. The civil penalty, announced Thursday, marks the third largest toy-related fine issued by the Consumer Product Safety Commission.

Nexteer Announces $150M Investment In Saginaw

October 28, 2011 9:17 am

SAGINAW, Mich., Oct. 28, 2011 /PRNewswire/ -- Nexteer Automotive, a tier one automotive supplier committed exclusively to wheel-to-wheel advanced steering and driveline systems, today announced a $150 million investment at its Saginaw, Mich., operations. Increasing customer demand for fuel-efficient electronic power steering (EPS) technology is the driving force behind the investment, which will result in the retention of more than 1,000 jobs.


Consumers Up Spend Through Durable Goods

October 28, 2011 9:08 am

WASHINGTON (AP) -- Americans spent in September at three times the pace of the previous month, even though their incomes barely budged. They financed their spending binges by saving at the lowest level since the start of the Great Recession. Consumer spending rose 0.6 percent last month, the Commerce Department said Friday.

Green Mountain Coffee To Bring 800 Jobs To VA

October 28, 2011 8:58 am

ISLE OF WIGHT, Va. (AP) — Green Mountain Coffee Roasters Inc. is bringing a production and distribution center to southeastern Virginia, investing $180 million and creating as many as 800 jobs over the next five years, the company and state officials announced Friday. The Waterbury, Vt.


Whirlpool Announces 5,000 Job Cuts

October 28, 2011 8:55 am

NEW YORK (AP) — Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America and Europe, as it faces soft demand and higher costs for materials. The world's biggest appliance maker also on Friday cut its 2011 earnings outlook drastically and reported third-quarter results that missed expectations, hurt by higher costs and a slowdown in emerging markets.


$10K Worth Of Copper Stolen From Shuttered Kennametal Plant

October 28, 2011 4:52 am

DERRY, Pa. (AP) — State police say they're investigating the theft of about $10,000 worth of heavy industrial copper wire from a shuttered industrial tool-making plant in western Pennsylvania. Troopers from Greensburg announced Friday that someone broke into the Kennametal Inc. plant in Derry Township about a week ago.


Smithsonian Shows 100 Years Of Electric Car's Past

October 28, 2011 4:47 am

WASHINGTON (AP) — The history of electric cars is going on display at the Smithsonian's National Museum of American History with two "electrifying cars" from the early 20th century. A 1904 Columbia electric runabout went on display Thursday with a 1913 Ford Model T touring car.

Intel Seeks Dismissal Of Claims In Antitrust Suit

October 28, 2011 4:36 am

WILMINGTON, Del. (AP) — Attorneys for Intel Corp. asked a federal judge in a hearing in Delaware Thursday to dismiss several claims in an antitrust lawsuit filed against the computer chip maker by New York state's attorney general. The lawsuit, filed in November 2009, alleges that Intel paid billions of dollars in kickbacks to computer makers in order to dominate the market for microprocessors, and that it retaliated against manufacturers who did too much business with its competitors, particularly Advanced Micro Devices Inc.

Moody's Upgrades Ford, GM Debt Ratings

October 28, 2011 4:33 am

DETROIT (AP) — Moody's Investors Service raised the corporate debt ratings for General Motors Co. and Ford Motor Co. on Thursday, citing new labor agreements and improvements in their finances. The ratings were raised from "Ba2" to "Ba1," which is one notch below investment grade.

Chinese Companies In Tentative Deal To Buy Saab

October 28, 2011 4:26 am

STOCKHOLM (AP) — Two Chinese companies have reached a tentative deal to take over struggling car maker Saab for euro100 million ($141 million), the company's owner Swedish Automobile said Friday. The move by Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co.


Goodyear Reports All-Time Record Quarterly Sales, Earnings

October 28, 2011 4:19 am

AKRON, Ohio, Oct. 28, 2011 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NYSE: GT) today reported that its third quarter 2011 sales and earnings were the best in its history.  Quarterly net sales exceeded $6 billion for the first time ever. "I am very pleased with our performance," said Richard J.

Spanish Company Plans NC Plant

October 27, 2011 8:32 am

GASTONIA, N.C. (AP) — A Spanish manufacturer of plastic packaging for cosmetic, food and pharmaceutical customers plans to open a Gaston County plant and hire about 130 workers in the next four years. Gov. Beverly Perdue's office said Wednesday that CTL Packaging will pay an average wage of more than $42,000 a year plus benefits.


Economy Grew In Q3 As Consumers Rebound

October 27, 2011 8:30 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) — The U.S. economy grew modestly over the summer after nearly stalling in the first six months of the year, lifted by stronger consumer spending and greater business investment. The Commerce Department said Thursday that the economy expanded at an annual rate of 2.

RIM Delays Release Of New Tablet Software

October 27, 2011 8:28 am | by Rob Gillies, Associated Press

TORONTO (AP) — Research In Motion said it is delaying the launch of an upgraded operating system for its struggling PlayBook computer tablet until February 2012, yet another setback for a tarnished company struggling to compete with Apple. David Smith, RIM's senior vice president, said in a post on the company's blog late Tuesday that the new version of the operating system isn't up to its standards at this point.

Steel Worker Hit With 25-ton Girder

October 27, 2011 8:23 am

LINDON, Utah (AP) — A steel worker has been critically injured at a plant in Lindon, Utah, after a 25-ton steel girder hit him. The Daily Herald of Provo reports ( ) the accident happened when the girder fell Tuesday night. Lindon Police Chief Cody Cullimore (CULL'-ah-more) says the man has several broken ribs, damaged vertebrae and possibly a punctured lung.


Toyota To Cut Output In 7 Nations On Thai Flooding

October 27, 2011 8:21 am

Toyota Motor Corp. said Thursday it will reduce vehicle output in Japan, the United States and five other countries for six days from next Monday as flooding in Thailand could hamper the supply of auto parts. The leading automaker said it will slash production next week in the seven countries, following the halt of operations at its three factories in Thailand since Oct.



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