CEO Louis Chenevert of the Hartford-based company told analysts that United Technologies is evaluating the future of UTC Power as it reviews its portfolio.
Google Inc. completed its $12.5B acquisition of phone maker Motorola Mobility Holdings Inc. and said it has appointed a Google executive as the new CEO of the business.
Diversified manufacturer Eaton Corp. is buying Irish electrical equipment supplier Cooper Industries PLC in a cash-and-stock deal valued at about $11.46 billion.
Buying Motorola allows Google to expand into manufacturing phones, tablet computers, and other consumer devices for the first time.
Steel recycler Nucor Corp. said Friday that it plans to buy a steel distribution unit of ArcelorMittal for $605 million, expanding its reach in the North American construction industry.
Honda Motor Co. said it has relocated production of the 50-cc scooter to China and will release the new Chinese-made Super Cub model for the Japanese market on May 25.
Featuring a line of rotary-style gasket cutters, Allen will be absorbed into the Allpax Gasket Cutter Systems Division at Guardair’s Chicopee, MA headquarters.
The U.S. has become ABB’s largest market with about $6.6 billion in annual revenue and 19,000 employees.
General Electric is acquiring two mining equipment manufacturers to capitalize on growth in places like Australia and China.
Many industrial distributors find themselves in a constant push-pull between keeping up with the challenges in supplier products and pricing, maintaining customer relationships, and managing their own profitability. Industrial Distribution surveyed its readers to learn more about their internal pricing strategies and how tensions with customers have caused them to work harder to retain existing business.
Caterpillar is selling a majority stake in a logistics division for about $750 million to better focus on its core businesses.
Etihad still has orders for 12 of the aircraft, a rival of Boeing's 777, according to Airbus' website.
Faurecia said the deal makes it North America's No. 1 interior systems supplier and makes Ford its third-largest customer.
Panasonic Corp. is planning to close its Kaizuka plant within fiscal 2012 and shift its lithium ion battery production to Suzhou, sources said.
The privately held company makes motion-control systems for factory equipment and medical devices.
The Evonik Industries AG plant was badly damaged in a March 31 explosion and fire, setting off a mad scramble by global automakers to find substitute materials.
Sealed Air’s Instapak iMold® System offers an efficient and sustainable automated packaging solution for a leading supplier of laser printer parts.
Executives from four auto parts companies said Tuesday that they don't expect widespread fallout from a shortage of a key ingredient in plastic resin following a factory explosion in Germany.
Six major automakers and 19 suppliers are close to agreeing on a fast-track process for testing replacements for a resin that's in dangerously short supply.
A Tokyo-based auto supplier has agreed to pay a $20 million criminal fine and cooperate with the U.S. government's ongoing investigation into price fixing in the industry.
AUDI AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle manufacturer Ducati Motor Holding.
Mitsubishi Heavy Industries said it will start producing gear cutting machines in India starting October to tap into growing demand in the country's auto and motorcycle sectors.
Abu Dhabi's state-owned Mubadala Aerospace signed a deal Tuesday with Boeing Co. to build carbon composite parts for the American planemaker's 777 and 787 jetliners.
First Solar Inc. is laying off 2,000 workers and closing its plant in Frankfurt, Germany, in response to waning demand for solar panels and increased competition from China.
The potential shortage of a key component used to make fuel lines and brake lines could force automakers in the U.S. and around the world to close car and truck plants as they run short of parts.