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Loan help sought for suppliers
The Detriot Free Press Share    
An association representing automotive suppliers is asking the federal government to help suppliers get the loans they need for research and development as production ramps up next year. Dave
Andrea, vice president of industry analysis and economics at the Original Equipment Suppliers Association, told the U.S. Senate's banking subcommittee that suppliers still face an unwelcoming credit market because the industry's outlook remains uncertain. MORE
Chinese Tengzhong buys Hummer from GM
The Money Times Share
In a deal that marks the first major entry of a Chinese company into the U.S. auto market, Sichuan Tengzhong Heavy Industrial Machinery Co. agreed to buy the Hummer truck brand from General Motors in a $150 million transaction. Hummer's turnaround will prove a challenge for Tengzhong, especially in the U.S., where the market for SUVs has fallen in recent years. GM, which bought the license for the Hummer brand from AM General in 1999,
will continue to manufacture the vehicle till 2012, post which Tengzhong will take over. More
BMW plant in South Carolina to hire up to 700 temporary
workers
Reliable Plant Magazine Share
BMW Manufacturing Company announced the addition of two production shifts at its plant in Spartanburg, S.C. To support these additional shifts, BMW's contract agencies, MAU Inc and Tier One Solutions, will be hiring up to 700 workers. "BMW continues to guarantee our plant's flexibility to efficiently respond to market demand," stated Josef Kerscher, president of BMW Manufacturing. More
Delphi emerges from
bankruptcy
The New York Times Share
The auto parts maker Delphi has ended from four years in bankruptcy, emerging from Chapter 11 as a privately owned
company. Delphi said it had completed the sale of most of its operations to a group led by two hedge funds that had acquired its bankruptcy financing during its time in court protection. Some of its other operations are being sold to its onetime parent, GM. More
Battle over Chrysler plays out in Wisconsin town
Reuters Share
The auto boom came fast to this harbor town on Lake Michigan where Ramblers first rolled off the line a century ago. But the bust has been just as dramatic and decades in the making. Nash gave way to AMC, then Chrysler, then bankruptcy. Now Kenosha finds itself at the front of a battle by auto workers and allies to persuade Fiat SpA and the Obama administration
to rewrite the terms of the fast-march restructuring of Chrysler to save jobs. More
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Innovative Rack and Gear Company has added a Saikuni HR-2000 CNC rack milling machine to our gear rack manufacturing capabilities.
The HR-2000 is capable of hard-milling rack teeth after heat treatment with hardnesses up to 60 Rc, producing tooth
finishes and accuracies comparable to rack grinding. MORE
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Steel demand to rise 9.2 percent next year
Bloomberg Share
The global steel market has bottomed and will grow by 9.2 percent next year as demand rebounds in the U.S., Europe and Japan, the World Steel Association said. "There are clear signs that the bottom has been reached in the market," Director General Ian Christmas said in an interview in Beijing. More
Report: Analysts express doubts about GM
The Triangle Business Journal Share
Industry analysts are concerned that the new General Motors Co. is starting to look like the old General Motors Corp., according to a story in the Detroit Free Press. GM has announced plans to build 2.8 million vehicles next year, about 1 million more than it expects to make in 2009. More
Shuttered wind turbine plant eyes reopening
WBKO Share
A Kentucky-based wind turbine company that shut down last year is eyeing re-opening by the middle of 2010. Wind Energy Corporation based in Elizabethtown is looking at locations in Kentucky and five other states. More
Nanotubes make aluminium nearly as strong as steel
Share
By adding agglomerations of carbon nanotubes to aluminum using powder
metallurgy, it is possible to achieve tensile that almost match those of steel. Nanotubes make aluminum nearly as strong as steel. The claim is made by Dr. Horst Adams, vice president future materials at Bayer MaterialScience, which makes 'Baytubes' - agglomerates of multi-wall carbon nanotubes produced in a catalytic process based on chemical vapor deposition. More
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X-R-I Testing provides nondestructive testing services from full-service locations in Troy, Michigan and Cleveland, Ohio, including traditional and digital radiography, magnetic particle inspection, liquid penetrant inspection, ultrasonic inspection, ultrasonic immersion cleaning, vapor de-greasing, de-scaling, passivation, etching prior to penetrant inspection, macro etch and temper (nital) inspection. NADCAP, ISO 9002 and AS9100 accredited. MORE
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