German automaker Audi says it will build a new plant in San Jose Chiapa in central Mexico and expects to start construction there in mid-2013. Audi said Tuesday that it settled on San Jose Chiapa, in Puebla state, after looking at more than a dozen locations. It said the site "is an ideal base from which to supply international markets from Mexico."
Many facility managers dread the costs of keeping their workforce comfortable in spacious workplaces every winter. It may seem counterintuitive, but the answer for many facilities is better known for its summer cooling power: ceiling fans. More specifically, large diameter, low speed overhead fans can save facilities on their winter heat bills, with customers reporting savings of 35 percent.
GM's Vauxhall brand will close two plants in Britain for a week starting Sept. 24 because of weak auto markets in crisis-hit Europe. The closures at Ellesmere Port and Luton will idle some 3,000 workers. Vauxhall communications director Denis Chick said Tuesday the workers would still be paid and their hours would be banked, to be worked off later.
A Hong Kong-owned company says it has completed the acquisition of bankrupt car maker Saab and will move ahead with its business plan to make electric cars under the Swedish brand. National Electric Vehicle Sweden, or NEVS, said Monday it expects to introduce its first electric vehicle "in approximately 18 months."
Car sales in China and Europe may be slowing down, but Southeast Asia is on a tear. Ford Motor Co. said Friday that industry-wide sales are up 20 percent so far this year in its ASEAN region, which is made up of Thailand, Indonesia, Vietnam, the Philippines and Malaysia. That's double the pace of sales increases in China and the U.S. in July.
A company that makes cabinets and upholstery for aircraft has announced plans to expand its manufacturing operations and move its plant to a new building in Sherwood. Custom Aircraft Cabinets announced Friday that it will move from its current plant in North Little Rock into the former National Home Center building in Sherwood.
Toyota Digital Cruise Inc., a Toyota Motor Corp. arm offering telecommunications services, said Thursday it has started providing overseas data transmission network services for auto parts suppliers that have business transactions with Toyota.
General Motors plans to ask for $120 million in industrial revenue bonds to fund a vast expansion of its Fairfax plant in Kansas City, Kan., government officials said. GM's planned 400,000-square-foot expansion, including a new paint shop, should ensure the future of the plant and its 3,700 workers, Unified Government officials said Wednesday.
Fujitsu Ltd. said it will withdraw from semiconductor chip production in Japan amid deterioration of its chip business due to the yen's appreciation and slack demand. The company will close its Kyushu plant in Kagoshima Prefecture, and sell its Miyagi plant in Miyagi Prefecture and the Aizu plant in Fukushima Prefecture to J-Devices Corp. which makes semiconductor chips under contract.
Bankrupt steelmaker RG Steel is working with creditors to resolve issues surrounding the sales of its steel mill facilities. Attorneys for various creditors told a Delaware bankruptcy judge during a telephone hearing Wednesday that substantial progress has been made on resolving the issues.
The rate of change and advancement in the electronics industry can be startling, especially over the past few decades. The names at the top of the industry today were brand new companies just ten years ago. To survive, an electronics company needs to be as flexible as it is quick. And to excel, that company must be able to overcome both existing and emerging challenges in the market.
A long-delayed South Dakota beef-processing plant given new life when Korean investors took over in 2009 is without an opening date more than six years after it was first proposed. Land for the $109M Northern Beef Packers plant in Aberdeen was secured in 2006, but financial issues, lawsuits, delinquent property taxes, flooding, an economic downturn and millions of dollars in liens have repeatedly pushed back the opening date.
Kraft Foods Group officials say the company's manufacturing facility in Bentonville will close next year. Kraft Vice President of Operations Jim Durkin says the company will achieve greater efficiencies of scale by combining the majority of the plant's production with external partners. Durkin says Bentonville is a smaller plant and its size isn't suitable for the scale the company needs going forward.
For businesses that rely on scientific innovation to differentiate themselves, being first to market with a novel, more effective or attractively priced product is the Holy Grail. But as the lifecycle that transforms a good idea into a viable product grows ever more complex, the very factors critical to success are suffering.
Lexmark is cutting 1,700 jobs, or almost 13 percent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets. The printer and software company said Tuesday that it will close its inkjet supply plant in the Philippines by the end of 2015. It is also putting its inkjet technology up for sale.
General Motors will temporarily close the Detroit-area plant that makes the Chevrolet Volt next month to control inventory and prepare to make a new model. Spokesman Bill Grotz says the factory will be off-line to match supply with demand and prepare to build the 2014 Chevrolet Impala. He wouldn't say how long. Grotz says GM is happy with its supply of electric Volts.
Ford Motor Co., eager to grab a piece of China's growing luxury market, plans to start selling its Lincoln luxury brand here in 2014. It will be the first time that the nearly 100-year-old brand will be sold in China. At an event at a converted 600-year-old temple in Beijing, CEO Alan Mulally and other Ford executives said they believe Chinese customers will appreciate Lincoln's heritage as well as its new lineup of vehicles.
Suzuki Motor Corp. Chairman Osamu Suzuki met Sunday in New Delhi with the chief minister of India's northern state of Haryana where a Suzuki car plant was wracked by violence last month following a labor dispute. Suzuki and Chief Minister Bhupinder Singh Hooda are believed to have discussed future operations in Haryana by Maruti Suzuki India Ltd.
Ford is building a sixth plant in China as part of an effort to increase its sales in the world's largest auto market. Ford CEO Alan Mulally attended a groundbreaking ceremony Monday for the new $600M assembly plant in the city of Chongqing. It will have the capacity to make 250,000 vehicles per year when it's finished in late 2014.
A bankruptcy judge nixed on Friday a proposal to give eight top Hawker Beechcraft executives up to $5.3 million in bonuses, ruling the plan merely rewarded them for staying at their jobs. U.S. Bankruptcy Judge Stuart Bernstein ruled that the bonus plan sought by the Kansas plane maker set the bar too low to qualify as anything other than a retention program for insiders.
Suzuki Motors Corp. Chairman Osamu Suzuki said Friday the Japanese carmaker plans to set up a skill development institute in western India to help train Indian workers and improve their professional skills. Suzuki unveiled the plan in a meeting in Ahmedabad with Narendra Modi, the chief minister of the western Indian state of Gujarat.
A Syracuse-area manufacturing company that has been in business for nearly 125 years has shut down production. WSYR-TV in Syracuse reports that the last auto parts assembly lines at New Process Gear in suburban DeWitt shut down Thursday. The plant will be completely closed by the end of the year.
Energy and aerospace company Woodward Inc. plans to build a new $200 million northern Illinois manufacturing campus, state and company officials announced Thursday. The Rockford area campus will feature a 300,000-square-foot production plant and office center on 60 acres and is estimated to create some 660 jobs over the next five years.
Chemical maker Rockwood Holdings is buying Talison Lithium for $732 million in order to strengthen its lithium business. "This acquisition will enable us to better serve both our existing global customers as well as Talison's current lithium concentrate customers in China and the rest of the world," Rockwood Chairman and CEO Seifi Ghasemi said in a statement on Thursday.
Seagate Technology has reached a tentative deal to buy the former headquarters of solar company Solyndra. The Oakland Tribune reports the Cupertino-based maker of disc drives has entered into an agreement to purchase the massive building in Fremont, which has been empty since Solyndra filed for bankruptcy protection in September 2011.