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Mitsubishi Heavy may build U.S. wind turbine plant Reuters Share     Mitsubishi Heavy Industries Ltd has said it is considering building a wind turbine plant in the United States, and will a make final decision after seeing how demand recovers. Mitsubishi is currently tussling with General Electric over wind turbine patents, with the GE this month filing patent suits against the Japanese company in a U.S. Court. More
Auto dealers poised for profit in 2010 The Detroit Free Press Share
After a year that saw 8 percent of the nation's auto dealers knocked out of business, thousands of car and truck dealers gathered to kick off the National Automobile Dealers Association's annual convention with hope that 2010 will be better. For many, it should be. That's because the recent recession, which forced General Motors and Chrysler into bankruptcy, also forced dealers to cut costs and restructure their businesses. More Iron ore price shake up might loom International Business Times Share
The international iron ore price system might be undergoing a sea change sooner rather than later after Brazil's Vale voiced their backing of BHP Billiton's idea to kill off the current annual pricing system. The current system has remained in place since the 1960s, where annual price negotiations are held for iron ore rates. More One Ohio senator optimistic about steel in Ohio Valley WTRF Share
With the economy slowly showing signs of improvement, many are continuing to wonder about the future of the steel industry in the Ohio Valley. Sen. Sherrod Brown, D-Ohio, said the future is bright for the Ohio Valley's steel industry, especially with new foreign tariffs in place. More
Aerospace manufacturer restores work hours The Associated Press via Manufacturing.net Share
Killdeer Mountain Manufacturing says employees who had their hours cut are being restored to full 40-hour work weeks. The company that makes electronic equipment for the aerospace industry cut the hours of some workers at its Hettinger and Regent plants last month because of a work slowdown by one of KMM's customers. More BHP forecasts quick doubling of Chinese steel production ABC Rural Share
The managing director of the world's largest mining company says steel production in China is set to double by 2025. BHP Billiton chief, Marius Kloppers, has told the ABC's Inside Business that he's optimistic about commodity prices, especially for iron ore and coking coal. More Boeing improvements produce better Next-Generation 737s faster Reliable Plant Share
In just 12 years, Boeing employees in Renton, Wash., built and delivered 3,133 Next-Generation 737 airplanes. It took 32 years to produce that same number of earlier-model 737s. Relentless employee and supplier focus on efficiency has resulted in 121 customer airlines receiving their airplanes more quickly. More Lawyers, consultants eat up bankruptcy resources for old GM The Detroit News Share
Advisers, lawyers and consultants have billed General Motors' bankruptcy estate more than $90 million in fees and expenses since last summer, a figure that will grow as unwanted assets such as real estate, equipment and factories are liquidated. The estate has retained so many advisers and high-priced experts that it has hired a consultant to monitor their fees and expenses - and two consultants to help the consultant - according to federal court records. More Toyota recall could cause short- and long-term problems for automaker The New Jersy Star-Ledger Share
As Toyota struggles to deal with a massive worldwide recall - including 8.5 million cars in the U.S. with potential accelerator problems - uncertainty over the extent of the automaker's problems is having an effect on customers. A study released last week by Kelly Blue Book showed 27 percent of the shoppers who said they were considering a Toyota prior to the recall now say they no longer are considering the brand for their next vehicle purchase. More |
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