Magna plans electric-car battery plants in U.S., EU

Magna International Inc., Canada’s biggest auto-parts maker, plans to invest as much as $600 million (U.S.) on new plants for making lithium-ion batteries for electric vehicles. “We currently are scouting out ... Read More

Boeing discount wins jetmaker $5.4 billion Navy Super Hornet contract

Boeing Co. won a long-sought decision by the Navy to keep buying its F/A-18 Super Hornet for several years after the company knocked 10% off the fighter jet’s price, saving the ... Read More

Samsung to spend $20 billion on green energy, health

Samsung said on May 11 that it plans to invest $20 billion in healthcare and green energy until 2020 in a move it says could provide thousands of new jobs. Among ... Read More

Alliant Tech Systems announces $372 million order from the U.S. Army

Alliant Tech Systems announced Monday that it received $372 million in orders from the U.S. Army Contracting Command in Rock Island, Ill., to be produced at the Lake City Army Ammunition ... Read More

Ford’s Kansas City-made vehicles drive April sales gains

Sales of vehicles produced at Ford Motor Co.’s Kansas City Assembly Plant in Claycomo were a key reason Ford’s sales increased by more than 20 percent for the fifth straight month. ... Read More

3M quarterly profit climbs 80%; lifts outlook

Dow component and economic bellwether 3M Co. said Tuesday its first-quarter profit rose 80% on surging demand for electronics for autos and health-care products, boosting its full-year outlook. Results of the ... Read More

Fori expects $100M with boost from aerospace, defense

Fori Automation Inc. could see revenue hit the $100 million mark this year as efforts to diversify into the aerospace and defense industries continue to gain traction. The Shelby Township-based designer ... Read More

Alpla to open new manufacturing facility in St. Peters, Mo.

Alpla Inc., a privately held $3 billion manufacturer of plastic packaging solutions, has purchased an 83,485 square-foot industrial property at 9 Cermak Blvd. in St. Peters, Mo. Austrian-based Alpla is a ... Read More

3M to buy Canadian aerospace products company

Manufacturing conglomerate 3M Co. said Monday it has agreed to acquire MTI PolyFab Inc., a Canadian manufacturer of noise and vibration reduction technology for airplanes. MTI said the acquisition price is ... Read More

A boost for light-duty trucks

Smith Electric Vehicles and Proton Power Systems have signed a memorandum of understanding to develop long-range electric service trucks. The partnership will allow Smith Electric to install Proton Power’s fuel cell ... Read More