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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Denso To Build Auto Parts Plant In India

May 7, 2012 2:27 pm | by The Associated Press

The major auto parts manufacturer will supply products to Japan's Suzuki and other automakers in the country to keep pace with India's expanding auto market.


Oil Price Drops To Lowest Of 2012

May 7, 2012 2:25 pm | by Chris Kahn, AP Energy Writer

Oil prices declined after voters in Europe rejected leaders who supported austerity measures to fix the struggling economy. Analysts warned that the election results could derail the recovery.


Etihad Cancels 7 Airbus A350 Orders

May 7, 2012 2:22 pm | by The Associated Press

Etihad still has orders for 12 of the aircraft, a rival of Boeing's 777, according to Airbus' website.


Westlake Chemical Drops Bid For Georgia Gulf

May 7, 2012 2:20 pm | by The Associated Press

Westlake Chemical Corp. said Friday that it withdrew a $1.2 billion offer to buy Georgia Gulf Corp. and will sell its stock in the company.


ABB Launches Electric Auto Fast Charger In U.S. Market

May 7, 2012 2:19 pm

ABB has entered the market with the launch of its Terra 51 direct current charger, marking the start of a massive infrastructure rollout to drive the adoption of electric mobility.


Chrysler 300s, Dodge Chargers Recalled

May 7, 2012 10:31 am | by The Associated Press

Chrysler is recalling 119,072 cars after discovering that the antilock brake and electronic stability control systems can fail because of an overheated power supply.


Court Allows Hawker Beechcraft To Pay Workers

May 7, 2012 10:29 am | by The Associated Press

Hawker Beechcraft said in a news release that it also received permission to pay all vendors and suppliers for goods and services delivered after the bankruptcy filing.

Blasts At Thai Petrochemical Plant Kill 12

May 7, 2012 10:28 am | by The Associated Press

Officials say explosions and a fire at one of the world's largest petrochemical industrial estates have killed 12 people and injured more than 100 others in eastern Thailand.


Mitsubishi Motors To Send Surplus Workers To Nissan

May 7, 2012 10:27 am | by The Associated Press

Mitsubishi Motors Corp. cut operating hours at its Mizushima plant due to sluggish exports, and plans to send some 500 surplus workers to other plants.


OH Auto Equipment Maker To Add 130 Jobs

May 7, 2012 10:25 am | by The Associated Press

Grob Systems in Bluffton plans to add about 130 jobs and The Courier newspaper reports the company is seeking nearly $11 million in state loans for the expansion. 


Elpida Plans To Select Micron As Rehabilitation Sponsor

May 7, 2012 10:23 am | by The Associated Press

Elpida is the only Japanese maker of dynamic random access memory chips used in personal computers and smartphones, and filed for bankruptcy protection in February.


U.S. Economy Recovering But Not Accelerating

May 4, 2012 2:01 pm | by Paul Wiseman, AP Economics Writer

Economists surveyed by The Associated Press expect growth to pick up this year, though not enough to lower unemployment much.


Booming China Sales Push BMW Profit Up

May 4, 2012 1:59 pm | by David McHugh, AP Business Writer

Booming sales in China and new versions of key models pushed automaker BMW AG's earnings higher by 18 percent in the first quarter to $1.77 billion.


IN Steel Mill Marks $60M In Upgrades

May 4, 2012 1:57 pm | by The Associated Press

ArcelorMittal's Rippey says he believes the upgrades help the company remain competitive and help the facility remain viable long-term.

Lear 1Q Profit Falls 14 Percent As Costs Rise

May 4, 2012 1:54 pm | by The Associated Press

The auto parts maker said its first-quarter profit dropped 14 percent, pulled down by restructuring and other charges, along with lower profit at its seating business.


Ford to Sell ACH Interior Trim Business

May 4, 2012 1:53 pm | by The Associated Press

Faurecia said the deal makes it North America's No. 1 interior systems supplier and makes Ford its third-largest customer.


TransCanada Reapplies For Oil Pipeline

May 4, 2012 1:51 pm | by Matthew Daly, Associated Press

Labor leaders who argue the pipeline would create jobs; the State Department estimates it could result in up to 6,000 new jobs.


Hawker Beechcraft Files For Bankruptcy Protection

May 4, 2012 10:45 am | by Roxana Hegeman, Associated Press

Hawker Beechcraft said it filed for Chapter 11 bankruptcy protection in federal bankruptcy court in New York to expedite the prearranged restructuring of the company and some of its subsidiaries.


China Vows Change In Trade, Finance

May 4, 2012 10:43 am | by Joe McDonald, AP Business Writer

China agreed to let foreigners own bigger stakes in its securities firms and promised to limit export subsidies after a high-level dialogue with the United States.


Nissan Plant Will Not Be Annexed

May 4, 2012 10:42 am | by The Associated Press

Before the plant was built, the city had wanted to annex the land, but Nissan threatened to back out of the deal if it did.



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