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Daily industrial news and top headlines for plant and maintenance managers

United Tech Sees Impact From Fraud Charge

June 19, 2013 2:15 pm | by Stephen Singer, AP Business Writer | News | Comments

A federal court order that United Technologies Corp. pay $473 million plus interest to compensate for alleged fraud in its sale of fighter jet engines could cut into revenue and profit, the aerospace giant said in a regulatory filing. Judge Thomas M. Rose of the U.S. Southern District Court of Ohio issued the order on Monday.

Engineering: A Crucial Element Of A Burgeoning Firearms Industry

June 19, 2013 8:00 am | by ATW | Articles | Comments

Firearm sales have increased exponentially over the past few years, and forecasts are continuing to escalate, reflecting an increase in the popularity of hunting, a rise in the desire for personal protection, and a variety of other socio-economic factors. As manufacturers seek to meet demand while decreasing costs, reducing weight, and increasing durability, the spotlight is turning to engineering and design capabilities in the industry.

Boeing Nets Orders For 102 Stretch 787s

June 18, 2013 2:10 pm | by The Associated Press | News | Comments

Boeing Co. won major orders from five customers for a stretched-out version of its popular 787 Dreamliner jet at the Paris Air Show Tuesday, further evidence of a strengthening market for more expensive long-haul jets. Boeing announced the formal launch of its 787-10 program at the Paris Air Show on Tuesday and says it already has commitments for 102 jets from five customers.

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Lego To Expand Czech Facility To Meet Demand

June 18, 2013 10:08 am | by The Associated Press | News | Comments

Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs to meet growing regional demand for its popular building blocks. Carsten Rasmussen of Lego's European packing division did not reveal the size of the investment except to say it was "a large two-digit million euro figure."

We Need More Vocational Training

June 17, 2013 4:54 pm | by Mike Collins, author of Saving American Manufacturing | Blogs | Comments

The concept of “everyone should go to college” is finally being questioned, which I think is long overdue. In fact, the U.S. Labor Department says that most jobs (69 percent in 2010) don’t require a post high school degree.To get an idea of what the economy is going to offer in the next ten years, look for the Labor Department chart titled “Occupations with the largest job growth, 2010 and projected 2020.”

The Latest Numbers

June 17, 2013 4:35 pm | by Rachel Leisemann Immel, Associate Editor, IMPO | Articles | Comments

U.S. manufacturing lost over 2 million jobs between December 2007 and December 2009 — 17 percent of its workforce. While the U.S. hasn’t yet regained all of those jobs lost from the sector, about 12 million Americans are employed in manufacturing today. “Since the recession, manufacturing has been the driver for recovery and continuous economic growth,” says Douglas K. Woods, AMT president.

Manufacturing American Jobs

June 17, 2013 3:17 pm | by Anna Wells, Executive Editor, IMPO | Blogs | Comments

This issue of American job development is certainly not a black and white one, but with all of the domestic resources being allocated towards its improvement, you can be sure there are some elements of red, white, and blue. Check out this year’s Jobs Report to see some of the jobs programs available and how they might factor in to your workforce needs, skill gaps, or hiring practices.

Boeing's 787 Nightmare Is Over

June 17, 2013 1:46 pm | by CNN Money | Videos | Comments

It wasn't that long ago that the Boeing 787 was having some problems with its battery, leading to many airlines grounding their 787s. Now, the Dreamliner maker's stock is the 2nd best performer in the Dow this year as worries about Boeing's 787 battery problems fade.

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5 Quick Questions: Siemens’ Helmuth Ludwig

June 17, 2013 8:00 am | by Jeff Reinke, Editorial Director | Articles | Comments

Although the company operates a diverse collection of business units in 190 countries, German-based Siemens also employs more than 60,000 people in 130 U.S. manufacturing facilities. So with this in mind, we recently sat down with Helmuth Ludwig, the CEO of Siemens’ Industry Sector in North America.

European Growth Still On U.S. Agenda, Not As Loudly

June 14, 2013 5:23 pm | by Jim Kuhnhenn, Associated Press | News | Comments

A year after President Barack Obama made an emphatic pitch to Europe's economic powers to focus more on economic growth than austerity, much of the eurozone remains mired in or near recession. Obama's appeals have had mixed results in softening the demands on some of the most debt-ridden European nations to cut their spending.

U.S. Factory Output Rises 0.1 Percent In May

June 14, 2013 5:23 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in March.

First Airbus A350 Flight Reopens Wide-Body Race

June 14, 2013 5:22 pm | by Lori Hinnant, Associated Press | News | Comments

The Airbus A350's maiden flight ended with a safe landing on Friday, setting the stage for intensifying competition with U.S. rival Boeing in the long-haul wide-body aircraft market. The four-hour flight marks a key step on the path to full certification for the jet, which can carry between 250 and 400 passengers and is the European aircraft maker's best hope for catching up in a long-haul market dominated by Boeing's 787 and 777.

Nissan Hopes To Grab Share Of Japan Minicar Market

June 14, 2013 9:58 am | by Azusa Uchikura, Associated Press | News | Comments

Japanese automakers Nissan and Mitsubishi are joining forces to grab a bigger share of the country's lucrative market for tiny cars, now dominated by their three rivals. The new model, sold as Dayz for Nissan Motor Co. and eK Wagon for Mitsubishi Motors Corp., marks the first time Nissan has been involved from start to finish in the development of a minicar, or "kei," which means "light" in Japanese.

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Once-Promising IN Car Venture Ends In Bankruptcy

June 14, 2013 9:55 am | by The Associated Press | News | Comments

A company that had planned to build high-tech police cars in a vacant plant that once housed a rust belt city's largest employer has filed for bankruptcy, dashing the hopes of a community desperate for economic rejuvenation. Carbon Motors Corp. filed for Chapter 7 liquidation in U.S. Bankruptcy Court in Indianapolis on Friday.

Renault Seeks Change Of Mood With Electric Car

June 13, 2013 12:33 pm | by ReutersVideo | Videos | Comments

Renault hopes its eye-catching all-electric concept car, Twin'Z, can help persuade drivers who refuse to embrace alternative fuel technology to change their minds. Like other all electric vehicles, the Twin'Z is limited in its power and range so the French auto maker is focusing instead on sheer visual pizzazz to reel in the skeptics.

U.S. Economy Graded A 'B'

June 12, 2013 12:00 pm | by CNN Money | Videos | Comments

Pimco CEO Mohamed El-Erian says uncertainty is keeping the United States economy from growing faster, but we're still doing better than the rest of the world. El-Erain discusses the factors behind economic growth and what's holding it back.

USMTO: Manufacturing Technology Orders Level Off

June 12, 2013 8:06 am | by AMT – The Association For Manufacturing Technology | News | Comments

April U.S. manufacturing technology orders totaled $372.50 million according to AMT — The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 26.6 percent from March and down 12.6 percent when compared with the total of $426.44 million reported for April 2012. With a year-to-date total of $1,650.91 million, 2013 is down 7.0 percent compared with 2012.

More Americans Quit Jobs, A Sign Of Confidence

June 11, 2013 2:18 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

More Americans are quitting their jobs, suggesting many are growing more confident in the job market. The Labor Department said Tuesday that the number of people who quit their jobs in April jumped 7.2 percent to 2.25 million. That's just below February's level, which was the highest in 4 ½ years.

Boeing Gets $4B Helicopter Pact From Army

June 11, 2013 2:15 pm | by The Associated Press | News | Comments

Boeing has received a $4 billion, multi-year contract from the Army for 177 CH-47F Chinook helicopters. The Army has options to buy up to an additional 38 helicopters. Deliveries are expected to start in 2015. The order will bring the Army's CH-47F inventory close to its goal of 464 aircraft, including 24 for replacements.

GM Stock Sale Brings Government $3.2B This Year

June 11, 2013 2:13 pm | by The Associated Press | News | Comments

The U.S. government has sold $3.2 billion worth of General Motors stock so far this year. The Treasury Department says in its monthly report to Congress that it sold $611.4 million worth of stock in May. That's on top of $1.64 billion worth of stock sold from January through April and another $1.03 billion from a public offering last week.

Boeing: World Air Fleet To Double In 20 Years

June 11, 2013 10:11 am | by Lori Hinnant, Associated Press | News | Comments

Boeing predicted that the number of commercial aircraft in operation globally will double in the next two decades, with the bulk of some 35,000 new planes going to Asia, an executive from the US airplane-maker said Tuesday. Randy Tinseth, vice-president of marketing for Boeing Co., said rising oil prices are forcing carriers to think harder about efficiency, and that means smaller planes that burn less fuel.

Stripped-Down Harley Rebounds From Recession

June 10, 2013 2:33 pm | by M.L. Johnson, Associated Press | News | Comments

Some motorcycle enthusiasts feared Keith Wandell might be the outsider who drove Harley-Davidson into the ground. Instead, he may be remembered as the guy who kept the motorcycle maker on the road. Wandell grabbed the handlebars at the motorcycle maker in the heart of the economic crisis in 2009. Harley lost $55 million that year, as buying a motorcycle stopped being an option for many consumers.

Exide Files For Bankruptcy Protection

June 10, 2013 2:29 pm | by Tom Murphy, AP Business Writer | News | Comments

Battery maker Exide Technologies is seeking Chapter 11 bankruptcy protection as it attempts to restructure its U.S. business and strengthen its balance sheet. The Milton, Ga., company said its international operations are excluded from the filing, which it made Monday in U.S. Bankruptcy Court in Delaware.

American Auto Industry About To Go On A Hiring Spree

June 10, 2013 10:15 am | by Tom Krisher, AP Auto Writer | News | Comments

The new employees will be part of a larger, busier workforce. From coast to coast, the industry is in top gear. Factories are operating at about 95 percent of capacity, and many are already running three shifts. As a result, some auto and parts companies are doing something they've been reluctant to consider since the recession: Adding floor space and spending millions of dollars on new equipment.

Sporty New Corolla Aimed At Youthful Buyers

June 7, 2013 12:36 pm | by Tom Krisher, AP Auto Writer | News | Comments

The Toyota Corolla, an aging, stodgy but reliable economy car, is getting a radical new look. The world's largest automaker rolled out a new version of the compact Thursday night at a splashy event in Santa Monica, Calif., hoping to shed the old version's low-cost image and attract new, younger buyers to its brand.

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