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.
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'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 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.
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.
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.
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 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.
When Lawrence Scheer began selling baby clothes in 2010, he didn't realize it then, but he was on the leading edge of a recovery in small business exports. Scheer's company, Magnificent Baby, manufactures its products in China and then sells them in about 20 countries around the world.
Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. He also talks batteries, charging stations, and why he is in no rush to take SpaceX public.
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.
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 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.
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."
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.”
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.
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.
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.
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.
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. 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.
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.
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.
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 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.