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Daily industrial news and top headlines for plant and maintenance managers

New Product Launches Hurt Volvo Earnings

March 12, 2014 9:45 am | by The Associated Press | News | Comments

Describing profitability in the period as "unsatisfactory," the company said Wednesday it would continue cost-cutting measures during 2014, including 4,400 layoffs.                         

Europe Wants Its Parmesan Back

March 11, 2014 2:23 pm | by Mary Clare Jalonick, Associated Press | News | Comments

Would Parmesan by any other name be as tasty atop your pasta? A ripening trade battle might put that to the test.                                         

Global Growth Likely To Remain Sluggish

March 11, 2014 1:18 pm | by Greg Keller, Associated Press | News | Comments

Global growth is likely to remain sluggish as a slowdown in the developing world undercuts gains in Europe and the United States, a leading international economic body warned Tuesday.                    

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Japanese Bitcoin Exchange Files U.S. Bankruptcy Case

March 11, 2014 10:06 am | by Michael Liedtke, AP Technology Writer | News | Comments

The collapse of Japan's Mt. Gox bitcoin exchange is spilling into U.S. bankruptcy court as the company scrambles for legal cover after losing digital currency valued at $473 million.                    

Flaws Found In Bangladesh Garment Factories

March 11, 2014 9:33 am | by The Associated Press | News | Comments

Inspections of Bangladesh garment factories under a new safety initiative have found cracked support beams, substandard building materials, and exposed electrical cables chewed by rats.                    

Top Banana: Chiquita And Fyffes To Merge

March 10, 2014 2:44 pm | by Shawn Pogatchnik, Associated Press | News | Comments

Fruit supply companies Chiquita of the United States and Fyffes of Ireland said Monday they had agreed to merge to create the world's biggest banana supplier.                           

Germany Says It Didn't Bow To NSA

March 10, 2014 2:07 pm | by Frank Jordans, Associated Press | News | Comments

Germany has dismissed a claim by NSA leaker Edward Snowden that it bowed to U.S. demands to water down legal protection for German citizens.                               

China Auto Sales Rise But Local Brands Struggle

March 10, 2014 1:43 pm | by Joe McDonald, AP Business Writer | News | Comments

Global automakers are spending heavily to develop models for Chinese tastes. This is squeezing fledgling domestic brands that lag in technology, as buyers who used to see them as entry-level purchases demand better quality.         

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Group: 1,500 Factories To Be Inspected In Bangladesh

March 10, 2014 1:40 pm | by Anne D'Innocenzio, AP Retail Writer | News | Comments

About 1,500 factories in Bangladesh are on track to be inspected by the end of August as part of a safety pact signed by more than 150 clothing brands and 20 countries, according to organizers of the pact.              

China's February Exports Plunge

March 10, 2014 9:42 am | by Joe McDonald, AP Business Writer | News | Comments

China's exports plunged by an unexpectedly large 18 percent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious promised reforms.                

Texas Tech Firm Had 20 Employees On Missing Plane

March 10, 2014 9:40 am | by The Associated Press | News | Comments

Twenty employees of an Austin-based technology company on board the missing Malaysia Airlines flight were en route to a business meeting in China, a spokeswoman for the tech firm said.                   

Nissan: Thai Political Turmoil Temporary

March 7, 2014 2:02 pm | by Oliver Teves, Associated Press | News | Comments

Japan's second largest automaker said Friday it remains optimistic about Southeast Asia's auto market despite political turmoil in Thailand, one of the region's key car manufacturers.                    

Ford Reshoring Truck Production From Mexico To Ohio

March 7, 2014 9:40 am | by The Associated Press | News | Comments

The production shift from Mexico is part of the collective bargaining agreement Ford and the United Auto Workers negotiated in 2011.                                    

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Netanyahu, Gov. Brown Sign Pro-Business Pact

March 6, 2014 2:20 pm | by Martha Mendoza, AP National Writer | News | Comments

The two emphasized their joint interests in cybersecurity, energy sources, and water conservation, and suggested Israel might be able to help California cope with its ongoing drought.                    

Ford China February Sales Up 67 Pct.

March 6, 2014 1:50 pm | by The Associated Press | News | Comments

Continued strong demand for the Ford Focus, the best-selling nameplate in China last year, helped Ford China increase sales by 67 percent in February, with 73,040 vehicles sold.                      

2 Guilty Of Selling U.S. Trade Secrets To China

March 6, 2014 10:06 am | by Paul Elias, Associated Press | News | Comments

Two men were convicted Wednesday of stealing an American company's secret recipe for making a chemical used to whiten products from cars to the middle of Oreo cookies and selling it to a competitor controlled by the Chinese government.     

China's Plan For Pollution Takes Toll On Jobs

March 6, 2014 10:02 am | by Louise Watt, Associated Press | News | Comments

The drive to clean up China's industry has added impetus to the government's campaign over the past several years to reduce excess production capacity in the polluting steel and cement industries.                

Musk: Russia Giving U.S. Good Reason To Support SpaceX

March 6, 2014 9:56 am | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

Elon Musk yesterday said that given some of Russia’s recent military maneuverings in Ukraine, it’s about time the U.S. government paid his company, SpaceX, for the rights to launch satellites and other cargo into space.         

Chinese Automaker Builds Credibility

March 5, 2014 1:54 pm | by Colleen Barry, AP Business Writer | News | Comments

Chinese carmaker Qoros brought its campaign to gain global credibility to the Geneva Motor Show, where it showed off its second production car at a stand in prime real estate — between Maserati and Rolls Royce.            

China Vows Strong Market, Military Reform

March 5, 2014 9:58 am | by Gillian Wong, Associated Press | News | Comments

China's government responded to public demands for bold leadership with vows Wednesday to press long-sought market reforms, defend against terrorism, and heavily boost military spending amid rising tensions with Japan.          

Chrysler Will Keep Canadian Plants Without Gov't Incentives

March 4, 2014 2:07 pm | by The Associated Press | News | Comments

The company says it is withdrawing all requests for financial aid for plants in Windsor and Brampton, Ontario, because the projects have become a political football.                         

The First Chrysler-Fiat Baby Is A Tiny Jeep

March 4, 2014 10:26 am | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

The Jeep Renegade is “designed in America and crafted in Italy,” according to the company, and will be first assembled at the Melfi Assembly Plant — a far cry from Jeep’s assembly headquarters in Toledo, Ohio, or even North America.      

Toyota Sees Gains As European Car Market Recovers

March 4, 2014 9:58 am | by The Associated Press | News | Comments

Toyota Europe expects to sell 865,000 units this year and increase its market share to 4.8 percent as the European car market enters what is expected to be a slow recovery from six years of contraction.               

Hyundai Focuses On Safety With Redesigned Sonata

March 4, 2014 9:41 am | by Youkyung Lee, AP Business Writer | News | Comments

Redesigned for a seventh time since the midsize family sedan made its debut in 1985, the latest Sonata model is Hyundai's answer to a flurry of safety issues and customer complaints at home and abroad.              

Automakers Wary Of Russia At Geneva Auto Show

March 4, 2014 9:37 am | by Colleen Barry and Josh Heilprin, AP Business Writers | News | Comments

Russia has been a key market for recession-battered European automakers that have looked to expand sales and find partners for lucrative joint ventures. But new uncertainty has been raised by growing tensions between Russia and the West over the Ukrainian peninsula of Crimea.

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