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Toyota, dealer stocks take a hit from sales halt Detroit Free Press Share     Toyota Motor's plans to halt sales of eight popular models sent Toyota stock tumbling Jan. 27 on the New York Stock Exchange, while Ford Motor's stock saw a slight boost. Meanwhile, the stock prices of four publicly traded automotive groups also dropped. Toyota's stock was down 8.22 percent or down $7.13 a share to trade at $79.65 a share after 12:30 p.m. Ford stock was up 1.51 percent or up 17 cents a share to trade at $11.36 about 12:30 p.m. More
Cash squeeze looms for Boeing Chicago Tribune Share
Boeing Co. faces a cash squeeze this year as it ramps up production of its much-delayed 787 Dreamliner and 747-8 jumbo jet at a time when aircraft sales are slowing. The Chicago-based plane-maker said Jan. 27 that it won't likely generate any cash from operations in 2010 and has built up $11.2 billion in reserves to get it through the lean year. The cash situation heightens pressure on Boeing CEO Jim McNerney to ensure there aren't any major delays to the planes, which already are years behind schedule. More Reduce gear noise, misalignment problems with crowning Design World Share
Noisy gear trains have been a common problem for gear designers for a long time. And the demands for smaller gearboxes transmitting more power at higher speed and greater efficiency continue. Some popular solutions to the noisy gear problem include enlarging the pinion to reduce undercut, using Phenolic, Delrin or other noise-absorbing products where possible, or changing to a helical gear train. Other methods include tightening specifications to ensure greater gear quality or redesigning the acoustical absorption characteristics of the gearbox. More Green jobs: Blue-collar or white coat? The Wall Street Journal Share
The idea that America's clean-energy push has become, first and foremost, a jobs push is now indisputable. The White House announcement Jan. 8 of an additional $2.3 billion in clean-energy manufacturing tax credits was touted specifically as a vehicle for jobs creation first and a way to reduce greenhouse-gas emissions, second. The link between jobs and energy has been with Team Obama since the presidential campaign, and the $2.3 billion is expected to help create about 17,000 jobs. More
U.S. Steel posts loss, forecasts another this quarter Bloomberg Share
U.S. Steel Corp., the second-largest U.S.-based steelmaker by 2009 sales, reported its fourth straight quarterly loss and forecast another for the current period as revenue fell amid declining global demand. The net loss of $267 million, or $1.86 a share, compares with net income of $290 million, or $2.50, a year earlier, Pittsburgh-based U.S. Steel said Jan. 26 in a statement. Sales dropped 25 percent to $3.35 billion. Competitor Nucor Corp. the same day reported a fourth-quarter profit and 2009 sales that moved it ahead of U.S. Steel's revenue. More Steel industry weighs in on State of the Union Reliable Plant Share
As President Obama makes his first State of the Union address, he speaks to Americans nationwide who have identified strengthening the economy and creating jobs as their top priorities for the president and Congress, according to a Jan. 25 survey by the Pew Research Center. The American Iron and Steel Institute, representing America's domestic steel industry, issued the following policy priorities for immediately creating the good jobs Americans need while strengthening the economy. More Autos revving up? Saab sold, Ford hiring, GM building electric engines Los Angeles Times Share
More signs emerged Jan. 26 that the U.S. auto industry actually may be recovering from its deep slump, despite estimates of anemic January sales and Toyota Motor Corp.'s suspending sales of eight vehicle models because of accelerator problems. Ford Motor Co. said it would hire 1,200 workers, and General Motors Co. announced a big investment in manufacturing electric engines. Also, Dutch sports-car maker Spyker Cars said Jan. 26 that it had struck a deal to acquire Saab from General Motors. As part of the agreement, Spyker said it would form a new company, Saab Spyker Automobiles, which would continue the Saab brand. More Expanding use of wind power feasible but may be costly The New York Times Share
Wind could replace coal and natural gas for 20 to 30 percent of the electricity used in the eastern two-thirds of the United States by 2024, according to a study released Jan. 20 by the Energy Department. But doing so would require a reorganization of the power grid and a significant increase in costs. And it would have only a modest impact on cutting emissions linked to global warming, the study found. More |
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