SAN LUIS RIO COLORADO, Mexico-The assets of an assembly plant have been seized by the Mexican state of Sonora after the plant manager allegedly skipped town without paying 78 employees for four weeks of work. MORE
WASHINGTON-General Motors Corp. could get as
much as $5 billion more in federal loans and Chrysler could get $500 million as
the two automaker continue to work toward beating a government-imposed deadline
to restructure their businesses. MORE
STOCKHOLM, Sweden-Electrolux AB, the world’s
second-biggest appliance maker, continues to weather the current economic storm
through smart cost cutting and a restructuring of its product lines. MORE
MILWAUKEE-More and more Wisconsin businesses have adopted the lean disciplines that carried Toyota to the top of the automotive world. Kondex Corp. in Lomira, WI, is an example. At one point in the tour through its thoroughly organized factory, CEO Jim Wessing and Vice President of Manufacturing Brian Bloczynski pointed to a skid of hard steel blades and remarked that Kondex had taken the work away from a competitor in low-cost India. MORE
REDWOOD SHORES, CA-Business software giant Oracle Corp. is entering the
computer hardware market through the purchase of Sun Microsystems for $7.4
billion. MORE
TIFTON, GA-Heatcraft Refrigeration Products has opened an additional manufacturing plant next to its current location here. The new plant significantly expands the company’s production capabilities. An additional 200 jobs will be brought to Tifton as a result of the expansion. MORE
CHICAGO-Fourteen hundred workers at the Ford assembly plant here returned to work Monday morning after a three-week furlough. The Torrance Avenue plant assembles the Ford Taurus, Mercury Sable and Lincoln MKS. MORE
DETROIT-Despite its woes back home, General
Motors is strongly considering building a new plant in China to tap into
growing demand in the region. MORE