Caterpillar’s global sales jump
- June 21, 2010
Caterpillar Inc. said Friday that its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset ... Read More
Manufacturing
Pioneer Power to enter wind turbine market
- June 04, 2010
Most of the assets of AAER Inc., a Quebec-based company that once aspired to establish itself as a wind turbine manufacturer but ended up in bankruptcy court, are being sold to ... Read More
Caterpillar to buy Electro-Motive Diesel
- June 01, 2010
Caterpillar Inc. agreed to buy a U.S. maker of railroad locomotives on Tuesday for $820 million in cash, expanding its rail business from service into new engine manufacturing. The world’s largest ... Read More
Magna plans electric-car battery plants in U.S., EU
- May 27, 2010
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
- May 17, 2010
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
- May 11, 2010
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
- May 03, 2010
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
- May 03, 2010
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
- April 28, 2010
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
- April 26, 2010
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