Swedish automaker Saab Automobile was Wednesday rescued from insolvency when an Asian consortium sealed a deal to buy the brand's main assets with the aim of making electric cars.
The U.S. can create jobs, reduce dependence on foreign resources, and improve national security by encouraging the domestic production of rare earths.
It’s not difficult to see the reasoning behind integrating American materials into industrial product designs. However, finding available, affordable options can be harder than it sounds.
Companies that require rare earth elements have begun to shift operations from China to other countries to gain less expensive access.
Westport Innovations Inc. said it reached a deal with Caterpillar Inc. to jointly develop natural gas engines for off-road equipment including mining trucks and trains.
Enforcing a one-size-fits-all approach for all students will probably not work for many schools, and proponents of STEM learning should ready with a plan B alternative.
Manufacturing and the high-technology industries desperately need students who have been educated in STEM classes.
Mitsui Chemicals said it founded a joint venture with China Petroleum & Chemical , known as Sinopec, to produce a synthetic rubber for auto parts from 2014.
Fiat said it and subsidiaries will immediately halt sales to Iran, following similar moves by other carmakers under pressure to cut ties to Tehran over its disputed nuclear program.
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.