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Daily industrial news and top headlines for plant and maintenance managers

Ethiopian Air Sees Record Profit Despite 787 Snafu

July 2, 2013 2:05 pm | by The Associated Press | News | Comments

The chief executive of Ethiopian Airlines says that his company has pocketed a record profit despite the temporary grounding of its Boeing 787 Dreamliner planes. Tewolde Gebremariam told The Associated Press Monday that his company is expecting a record profit with 20 to 25 percent growth in revenue and number of passengers.

U.S. Factory Activity Expands In June, Jobs Decline

July 1, 2013 2:04 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. manufacturing activity grew in June behind a pickup in new orders, exports and production. Better economic growth overseas is boosting U.S. exports and could help American factories rebound in the second half of the year. The Institute for Supply Management said Monday that its index of factory activity increased to 50.9 in June. That's up from 49 in May, which was the lowest reading in four years.

Toyota Aims To Sell 5M Units In Emerging Markets

July 1, 2013 2:01 pm | by The Associated Press | News | Comments

Toyota Motor Corp. will aim to boost its sales of vehicles in emerging markets from 3.7 million in 2012 to 5 million in the future, a company executive said Monday, as the automaker predicts its global sales will reach a record 10 million units.

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Alcoa To Close Smelter To Stay Competitive

July 1, 2013 10:03 am | by The Associated Press | News | Comments

Aluminum giant Alcoa said Friday that it will close a smelting facility in Italy, its latest move to trim costs as it grapples with lower aluminum prices. Alcoa was already tamping down production at the Fusina smelter in Venice, Italy, three years ago, citing weak aluminum prices and the need to stay competitive.

China's Manufacturing Weakens In Credit Crunch

July 1, 2013 10:02 am | by Joe McDonald, AP Business Writer | News | Comments

China's manufacturing weakened again in June amid a credit crunch and slower U.S. and European orders, two surveys showed Monday, adding to signs that growth in the world's second-largest economy is decelerating. HSBC's purchasing managers' index declined to 48.2 from May's 49.2 on a 50-point scale on which numbers below 50 show a contraction.

Germany Blocks EU Carbon Cap To Protect Automakers

June 28, 2013 2:18 pm | by Frank Jordans, Associated Press | News | Comments

Germany has blocked a European Union agreement on capping car carbon emissions because the deal could have cost jobs and harmed its domestic auto industry, officials said Friday. The blunt admission that Europe's biggest economy put business interests before environmental standards is at odds with Germany's image as a champion of green issues.

NC Auto Dealers Say They'll Keep Fighting Tesla

June 28, 2013 2:16 pm | by Chris Kardish, Associated Press | News | Comments

North Carolina auto dealers say they're moving ahead with a bill updating franchise laws without a provision that effectively bans the business model of electric car manufacturer Tesla. But Bob Glaser of the NC Automobile Dealers Association said Thursday that the group hasn't given up on a separate bill targeting the automaker that already passed the Senate last month.

Nissan Celebrates 30th Anniversary Of U.S. Manufacturing

June 28, 2013 12:53 pm | by NissanNewsroom | Videos | Comments

In conjunction with the 30th anniversary of its Smyrna, Tenn. Vehicle Assembly Plant, Nissan is adding more than 900 manufacturing jobs to support future production of the Nissan Rogue, marking the first time the Rogue has been produced in the United States.

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Letter To The Editor: OMG...It's A Tesla

June 28, 2013 8:01 am | by Stuart Koford | Blogs | Comments

I have a Tesla Roadster, which I have had for four years and which has 75,000 miles on it. My impressions: Compared to the various other sports cars I have owned – Porsche, RX-7, 3000 – the car has far better acceleration and has instant response to the throttle pedal compared to the lag and roughness of all gas engine cars.

Why ADP & Labor Dept. Jobs Numbers Differ

June 27, 2013 1:08 pm | by CNN Money | Videos | Comments

ADP CFO Jan Siegmund says that his company's monthly employment report uses 'real-time payroll processing transactions' to calculate jobs data, unlike the BLS which uses surveys. Siegmund says that ADP has worked very hard to create a very high quality, sustainable, and relevant measure.

Aston Martin's Practical Supercar

June 27, 2013 8:04 am | by CNN Money | Videos | Comments

Let's say you're James Bond, and you get married. Your wife survives being married to James Bond, and you have kids. You might want something with four doors. With four doors, the Aston Martin Rapide S has room for the whole Bond, James Bond, family.

Small Businesses: Still Scared To Hire

June 27, 2013 8:01 am | by CNN Money | Videos | Comments

The job situation is still a very hot topic in the United States. ADP has access to jobs data from 600,000 employers and ADP CFO Jan Siegmund explains what the data is telling us now. He says that the slowing of employment growth over the last few months is due to tax rate changes and the anticipation of health reform.

GM CEO: Pickup Truck Debut Going Smoothly

June 26, 2013 2:22 pm | by The Associated Press | News | Comments

Revamped full-size pickup trucks from General Motors are starting to arrive at Chevrolet and GMC dealers nationwide, and the company's top executive says the launch has gone well. CEO Dan Akerson said Wednesday that the smooth debut of the Chevrolet Silverado and GMC Sierra trucks is an example of how GM plans to maintain high quality while replacing many of its older vehicles this year.

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Nissan CEO Faces USD Pay Cut

June 26, 2013 12:31 pm | by Reuters TV | Videos | Comments

Sometimes, as a leader, you just have to take one for the team. And that's exactly what Renault-Nissan CEO Carlos Ghosn has done. Ghosn cheered on a weakening of the yen, despite it shaving a couple million dollars off his current paycheck. Maybe that's because he still out-earns some peers.

Smith & Wesson Can't Meet Demand

June 26, 2013 10:06 am | by The Associated Press | News | Comments

Gun manufacturer Smith & Wesson Holding Corp. on Tuesday reported record sales for its fourth quarter and full fiscal year amid a surge in demand for its firearms. Smith & Wesson reported net income of $25.2 million in its fourth quarter that ended April 30, double last year's $12.5 million quarterly profit.

A Supply Chain With No Weak Links

June 26, 2013 8:03 am | by Rowmark | Articles | Comments

Despite the ever looming concern about high fuel prices, there is still booming interest in many motorsports vehicles and products. Over the past several years, Sportech, Inc. has experienced an explosive increase in demand for their Thermoplastic Polyolefin (TPO) parts for original equipment manufacturers of motorcycles, snowmobiles, ATVs, and other off-road vehicles.

OMG…It’s A Tesla

June 26, 2013 8:01 am | by Rachel Leisemann Immel, Associate Editor, IMPO | Blogs | Comments

How many electric cars are on the U.S. market today? I can think of the Nissan Leaf, Chevrolet Volt – and, of course – the Tesla Model S. Despite these other zero-emission vehicles (that are also a bit more affordable), Tesla always tops this list.

U.S. Durable Goods Orders Up In May

June 25, 2013 1:57 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. businesses stepped up their orders for long-lasting manufactured goods in May, and a gauge of their investment plans rose for a third straight month. The Commerce Department said Tuesday that orders for durable goods rose 3.6 percent, matching April's gain. Most of the increase was due to a surge in commercial aircraft orders, which tend to fluctuate sharply from month to month.

SAS Plans To Buy 12 New Aircraft From Airbus

June 25, 2013 1:54 pm | by The Associated Press | News | Comments

Scandinavian airline SAS says it plans to order 12 new planes from Airbus in a deal valued at $3.3 billion at list prices. SAS said Tuesday it has signed a memorandum of understanding — short of a firm order — for eight A350 and four A330 planes as part of a renewal of its long-haul fleet.

IMTSTV: Manufacturing With Darwin, Moore, & Metcalfe

June 25, 2013 12:30 pm | by IMTSTV | Videos | Comments

IMTSTV's Penny Brown got a chance to speak with Steve Fritzinger, NetApp's Virtualization Alliance Manager, Java Author, and Economics Writer, about the current state of the manufacturing industry. Fritzinger explains how competition and technology are driving the industry's pace, and why companies must adapt to this change if they want to survive. He also speaks about the future of manufacturing jobs in America.

Nissan CEO Promises Growth, Calls Pay Average

June 25, 2013 10:05 am | by Yuri Kageyama, AP Business Writer | News | Comments

Nissan Chief Executive Carlos Ghosn promised strong sales growth to shareholders Tuesday in a turnaround from natural disasters and a boycott in China set off by a territorial dispute. He also told them he was paid 988 million yen ($9.9 million) for the past fiscal year, up 1 million yen ($10,000) from the previous fiscal year.

VW Mum On Prospects For U.S. Plant Expansion

June 24, 2013 10:03 am | by Erik Schelzig, Associated Press | News | Comments

Volkswagen calls its Chattanooga plant a global model for energy conservation and efficient production. But executives remain tightlipped about whether the facility is in line to produce a new crossover SUV for the German automaker. A decision about production of the new model could come as soon as the quarter that begins in July.

Ford Explorer Production Goes International

June 24, 2013 8:00 am | by Rachel Leisemann Immel, Associate Editor, IMPO | Articles | Comments

The first full-production Explorer rolled off the assembly line in April at Ford Sollers Elabuga Assembly Plant in the Republic of Tatarstan for the Russian market. Previously, only knock-down versions of Explorer had been built anywhere outside of the United States. Here, Bruce Hettle, director of manufacturing engineering with Ford, talks global Ford SUV production, the Ford Production System, and the future auto market.

Boeing CEO Announces New, Bigger 787

June 21, 2013 12:59 pm | by CNN Money | Videos | Comments

CEO Jim McNerney says the 787 is a mature technology as Boeing launches a stretched version of the airliner, the 787-10. The 787-10 holds more passengers, but is designed for shorter distances, making it an ideal aircraft for regional carriers.

Airbus Announces Orders Of A320 Jet Family

June 20, 2013 10:31 am | by Lori Hinnant, Associated Press | News | Comments

Airbus announced a series of orders for its smaller single-aisle jets Thursday, racking up 80 purchases for the A320 family of short- to medium-haul planes. On its home turf, Airbus so far seems to have the edge over its rival Boeing at the Paris Air Show, which serves as a platform for the sales race between the giants.

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