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Daily industrial news and top headlines for plant and maintenance managers
Jaguar Land Rover Enjoying China 'Honeymoon'
April 22, 2013 1:33 pm | by ReutersTV | Videos | CommentsJaguar and Land Rover: Among the auto industry's most coveted brands and soon to be made in China. Jaguar Land Rover will soon produce its iconic SUVs in China with an unusual choice of local partner, budget carmaker Chery. Jaguar Land Rover CEO Ralf Speth discusses the alliance and its prospects.
Survey: U.S. Budget Tightening Not Hurting Business
April 22, 2013 10:15 am | by The Associated Press | News | CommentsWashington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows. The National Association for Business Economics survey asks how higher taxes and lower government spending effected businesses in the first three months of 2013.
CAT 1Q Profit Shrank; Cuts 2013 Outlook
April 22, 2013 10:05 am | by Joshua Freed, AP Business Writer | News | CommentsA slowdown in the mining business is digging a hole in Caterpillar's profits. First-quarter profit shrank 45 percent. Caterpillar lowered its expectations for full year sales and profits because its mining business is slowing. Sales of Caterpillar-branded mining machines will drop by half this year, the company said on Monday.
Fiat Sticks To Focus On Premium Models
April 19, 2013 4:03 pm | by The Associated Press | News | CommentsFiat Chairman John Elkann says the Italian carmaker's shift to premium models remains a valid strategy as European sales continue to plummet. Elkann said Friday that Fiat, which owns Chrysler, is proceeding with its plan to launch 17 higher-margin premium models for export by 2016 to revive stagnant Italian production lines.
Boeing Slows 747 Production On Weak Demand
April 19, 2013 4:03 pm | by The Associated Press | News | CommentsBoeing says it will slow down production of its superjumbo 747-8 because of weak demand. Boeing builds two of the planes every month. It's slowing that rate to one and three-quarters per month. Boeing had warned that a slowdown was possible if demand didn't improve. Boeing has orders for 64 of the planes still to be built, including freighter and passenger versions.
Chinese Cars Still In The Slow Lane To Global Market
April 19, 2013 4:02 pm | by Reuters | Videos | CommentsChina's auto market is the biggest and most important in the world today says Reuters' Jane Lanhee Lee. The world's largest auto market is their playground, and now China's carmakers have set their sights overseas. The president of market research group J.D. Power discusses their prospects.
U.S. Unemployment Aid Applications Rise To 352K
April 19, 2013 10:13 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsThe number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March's sluggish hiring may be temporary.
Chinese Automakers Struggle Against Global Rivals
April 18, 2013 2:10 pm | by Joe McDonald, AP Business Writer | News | CommentsThese should be good times for Chinese automakers as they prepare to show off their latest models at the Shanghai auto show. Their home market is the world's biggest and growing. But independent automakers such as Chery and Geely are being squeezed by bigger, richer global rivals including General Motors and Nissan that have moved into turf the Chinese makers considered their own: low-priced models for local tastes.
Purell's Long Path To Success
April 17, 2013 4:42 pm | by CBS News | Videos | CommentsNow the top pick among careful parents and germaphobes alike, Purell's market success wasn't always so obvious. After a decade of rising sales and steady marketing, the anti-bacterial hand sanitizer has become wildly successful, surpassing analyst predictions on its way to the top.
Apple Stock Falls On Supplier News
April 17, 2013 1:56 pm | by Peter Svensson, AP Technology Writer | News | CommentsShares of Apple Inc. fell below $400 for the first time in a year and half on Wednesday, after a supplier hinted at a slowdown in iPhone and iPad production. The stock was down $21.89, or 5.1 percent, at $404.35 in early afternoon trading. Earlier in the day, it hit $398.11, the lowest level since Dec. 2011.
Daimler Selling Rest Of EADS Stake
April 17, 2013 10:23 am | by The Associated Press | News | CommentsAutomaker Daimler AG says it is selling its remaining 7.5 percent stake in EADS, the parent company of aircraft manufacturer Airbus. Daimler helped found EADS but now is cashing out to focus on its core business of making cars. It sold a 7.5 percent stake last year. The Daimler stake of 61.1 million shares would be worth about 2.3 billion euros at Tuesday's price of 37.20 euros a share.
Toyota's Hybrid Vehicle Sales Pass 5 Million
April 17, 2013 10:11 am | by Yuri Kageyama, AP Business Writer | News | CommentsToyota's global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism. The Japanese automaker, which said Wednesday it had sold 5.125 million hybrid vehicles as of the end of March, started selling the Prius, the world's first mass produced hybrid passenger car, in 1997.
GM To Roll Out New Line Of Smaller Pickups
April 16, 2013 2:20 pm | by Tom Krisher, AP Auto Writer | News | CommentsGeneral Motors plans to roll out a line of completely revamped midsize pickup trucks, with gas mileage and features designed to take sales from Toyota's market-leading Tacoma. The trucks will replace the aging Chevrolet Colorado and GMC Canyon. Mark Reuss, GM's North American president, said Tuesday that the trucks will be able to do 95 percent of the work that a big truck can do.
Cars, Utilities Lift U.S. Industrial Output
April 16, 2013 2:18 pm | by Paul Wiseman, AP Economics Writer | News | CommentsU.S. industrial output rose in March as cold weather kept utilities busy generating heat and a surge in auto production helped offset broader weakness in manufacturing. Production at the nation's factories, mines and utilities rose 0.4 percent in March from February, the Federal Reserve said.
U.S. Industrial Manufacturers Optimistic
April 16, 2013 1:10 pm | by PwC | News | CommentsU.S. industrial manufacturers remain positive regarding the outlook for the U.S. economy in the year ahead, while sentiment pertaining to the world economy remains guarded, according to the Q1 2013 Manufacturing Barometer, released by PwC US.
GM 1Q Global Sales Rise To Beat VW
April 16, 2013 10:17 am | by The Associated Press | News | CommentsGeneral Motors edged out fast-growing Volkswagen in first-quarter sales as both companies try to close the gap with Toyota for the global world sales crown. Toyota, which is scheduled to release first-quarter numbers next week, dethroned GM to retake the top spot in 2012, a year in which VW posted record sales and came within 190,000 vehicles of beating GM.
U.S. Declines To Label China Currency Manipulator
April 15, 2013 1:40 pm | by Martin Crutsinger, AP Economics Writer | News | CommentsThe Obama administration declined to label China a currency manipulator, although it said that China's currency remains significantly undervalued. The decision came in a twice-a-year Treasury report on whether any nations are manipulating their currencies to gain trade advantages.
Pratt & Whitney Expects More Orders
April 12, 2013 3:30 pm | by Kelli Kennedy, Associated Press | News | CommentsPratt & Whitney's military program likely will take a dip as the company transitions from the legacy military engines it's known for making, but engine orders will pick up in a few years with an increase in production of joint strike fighter engines, the company's president said Thursday.
RIM Seeks Probe Into BlackBerry Returns Report
April 12, 2013 3:30 pm | by Rob Gillies, Associated Press | News | CommentsThe maker of the BlackBerry said Friday that it wants U.S. and Canadian regulators to investigate a "false and misleading" report by a financial analyst that claims the company's new smartphone is being returned in unusually high numbers.
Nissan To Increase Pay At TN, MS Plants
April 12, 2013 10:02 am | by Jeff Amy, Associated Press | News | CommentsNissan Motor Co. will raise pay for its employees in Mississippi and Tennessee. The company has told its employees it will increase their wages starting in October at its Canton, Miss., and Smyrna, Tenn., assembly plants, as well as its Decherd, Tenn., engine plant.
German Leader Welcomes GM Investment
April 12, 2013 10:01 am | by The Associated Press | News | CommentsGerman Chancellor Angela Merkel has welcomed General Motors' decision to invest another 4 billion euros ($5.3 billion) in European subsidiary Opel by 2016 as part of an attempt to turn the money-losing division around. Merkel met with GM Chairman and CEO Dan Akerson and other company officials Thursday in Berlin.
MAPI: Outlook Index Shows Slight Advance
April 12, 2013 9:52 am | by Manufacturers Alliance for Productivity and Innovation | News | CommentsThe results of the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Survey on the Business Outlook (EO-123) indicate improvement, albeit marginal, from the previous report, and imply that the manufacturing sector is holding its own in uncertain economic times.
The Two Faces Of U.S. Manufacturing
April 12, 2013 8:05 am | by AJ Sweatt | Blogs | CommentsThe fact is that our trade and economic policies – or lack thereof – are the primary cause of stagnant manufacturing growth in this country. We in and of manufacturing find ourselves in an environment of two camps, vying on many fronts for supremacy & influence. And, these days, it sure seems like the inmates are running the asylum.
Bombardier's Dogfight With Airbus & Boeing
April 11, 2013 12:33 pm | by CNN Money | Videos | CommentsBombardier's CEO, Pierre Beaudoin, talks about the company's expansion in the mid-size jet sector and what that means in terms of competition with Airbus and Boeing. Bombardier's C-series is the company's entry into mainline jets. Fortune's Adam Lashinsky reports.
Discouraging Jobs Report Raises Fear Of Slowing Recovery
April 9, 2013 4:33 pm | by PBSNewsHour | Videos | CommentsA disappointing jobs report has sparked fears of a slowing recovery. Although the unemployment rate dipped slightly, that reduction was attributed to people retiring or who had stopped looking for work. PBS' Judy Woodruff reports on why the job market in March took a sharp decline from the past two months.
