Manufacturing News

“They gave us a heads-up about this in a meeting a few weeks back”

ArvinMeritor plans to close its commercial vehicle axle operation in Arden by September 2008, but the 56 employees at the plant will be transferred to the company's Fletcher operation. via The Asheville Citizen-Times

“You have to beat the bid of what they would make if they went somewhere else”

Delphi Corp. wants court approval to pay its top 560 executives at least $215.5 million in bonuses and incentives in 2008 after the company emerges from bankruptcy. via Detroit News Online

“We are excited and proud to provide our rescue hoists to the National Guard for their expanding missions”

Goodrich Corp. has received a supply contract from the National Guard Bureau in Arlington, Va. via Charlotte Business Journal

Shares of Hayes Lemmerz International, Inc. are edging up in pre-market trading today after the global supplier of automotive and commercial highway wheels said that it will sell its automotive brake component ... via All Stories

Lockheed Martin Corp. and Starwood Energy Group Global LLC said Friday they are teaming up to pursue building utility-scale solar generation projects in North America. via Philadelphia Business Journal

Staff, wire report NEW YORK - Delphi Corp., the parent of Delphi Packard Electric in Warren, said Friday that a New York bankruptcy court agreed to delay a hearing on the company's joint reorganization plan to ... via Tribune-Chronicle

“India represents one of Northrop Grumman's largest potential growth markets for defence products in Asia”

Eyeing India's burgeoning defence market, US aerospace major Northrop Grumman Corporation has opened its country office here to showcase its range of military hardware and software. via Naval Open Source INTelligence

“I don't think we get anything particularly positive out of it. I don't think we get anything particularly negative out of it”

Contracts could reduce U.S. business, but profits rise and markets broaden. Magna International says it will not get "anything particularly positive" or negative from its deal with the Canadian Auto Workers ... via Futureoftheunion.com

“DRS takes great pride knowing that we will provide the network that can help families stay connected.”

DRS Technologies, Inc. announced today that it received its first task order valued at $20 million as part of a current Indefinite Delivery/Indefinite Quantity $250 million contract, including options, the ... via Freshnews

Myers Industries Inc, the Akron polymer products maker and tools distributor, reported sharply lower income from continuing operations on increased sales for the third quarter, saying results were mixed but ... via Ohio.com

“All groups showed improvement in their results despite the appreciation of the Canadian dollar and high pulp and fibre costs as we continued to be able to implement selling price increases in our key segments”

Paper product maker Cascades Inc. boosted its third-quarter profit by 60 per cent despite a surging Canadian dollar and high fibre costs. via CANOE

The U.S. Environmental Protection Agency says it has notified Dow Chemical of potential violations at the company's Midland facility. via WSBT

“I think they were really upset by what they saw as an employee who was seeking protection in the workplace”

Goodyear Tire & Rubber Co. must pay a Seattle woman nearly $4.4 million after a King County jury found that the company demoted her after she complained of discrimination because of her sexual orientation. via Seattle Post-Intelligencer

“Cascades and the employees of Scierie Lemay have left no stone unturned in their efforts to make the sawmill profitable”

Forestry company Cascades Inc. has shut down its Scierie Lemay softwood lumber mill in Lac-Saint-Jean, Que. via Sympatico Finance

“We are quite pleased on behalf of our clients that Dole has seen their day in court and has finally been held accountable for what they did”

A Superior Court jury in Los Angeles ruled Wednesday that the Dole Fresh Fruit Co. via WSBT

“Without such funding, the plan will not be feasible, and the projected recovery for unsecured creditors will be jeopardized.”

Dura Automotive Systems Inc. is seeking approval from a bankruptcy court to enter into a preliminary $425 million exit-financing deal with Goldman Sachs Credit Partners LP and Barclays Capital. via Detroit News

“The challenge is not entirely in our ability to adapt to the higher dollar. Rather, the velocity of the dollar's rise makes it difficult for any company to keep pace over such a short period of time.”

CAE Inc. says a corporate cultural shift and initiatives adopted during its restructuring along with strong market conditions are allowing it thrive despite facing headwinds from the quickly rising value of the ... via CBC News

WINDSOR, Ont. - A group of workers at a Windsor plant that makes door parts for mini-vans has become the first to vote in favour of a landmark labour agreement between Magna International Inc. via Canadian Business Magazine