April 23, 2009
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April 23, 2009
In what appears to be a record voluntary shutdown, General Motors plans to essentially quit making cars and trucks in the U.S. for nine weeks from mid-May through July.According to two sources with direct knowledge, who did not want to be identified because no official announcement had been made, the plan is to shut 15 of GM's 21 North American car and truck assembly plants, most of them in the...
April 20, 2009
Emirates Float Glass, a subsidiary of Dubai Investments PJSC, has announced commencement of commercial operations at its state-of-the-art manufacturing facility in Abu Dhabi.The USD 200 million plant, located at the Industrial City 2 of Abu Dhabi, has commenced manufacture and supply of premium float glass products to the architectural and automotive markets in the UAE and GCC. The plant is built...
April 17, 2009
PPG Industries Inc. was "put to the test" in 2008 by challenging global conditions, its chairman said yesterday, but widespread cost-cutting efforts should help it weather the economic storm.Last year "was difficult and dynamic" for the paints, glass and chemicals maker, Chairman Charles Bunch said during the Pittsburgh company's annual meeting at the David L. Lawrence...
April 15, 2009
The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.Asahi Glass Co. (5201 JT): The glassmaker said it will cease automotive glass production at its Kitakyushu plant in southern Japan because of low...
April 8, 2009
French giant Saint-Gobain, with annual turnover worth 44.8bn euros [$59.7 billion], which has so far invested 130m euros [$173.2 million] in a glass plant in Calarasi [Romania], only two years after finalizing the plant got to control around half of the float glass market and states it is set to make further investments on the domestic market on the long term.Saint-Gobain, a major global producer...
April 6, 2009
General Motors Corp. is softening its opposition to bankruptcy reorganization a little more."If it's required, that's what we'll do," new Chief Executive Fritz Henderson said in an interview aired Sunday, but he noted that GM still would prefer to avoid bankruptcy protection while restructuring.President Barack Obama and his auto-industry task force have indicated that bankruptcy...
March 31, 2009
Broadview Networks, Rye Brook, N.Y., a leading business communications provider, today announced that it has contracted with JN Phillips Auto Glass, Woburn, Mass., to be the primary provider of voice, data networking and security services. Broadview will serve JN Phillips Auto Glass' communications via its fully integrated Frontline MPLS--multiprotocol label switching--service to more than 40...
March 31, 2009
The Associated General Contractors of America, Arlington, Va., hosted an event in Denver this week and detailed how the proposed "card check" legislation currently being debated in Washington poses real risks for the nation's union construction workers.AGC CEO Steve Sandherr explained how provisions in the bill, known as the Employee Free Choice Act, required federal arbitrators to...
March 30, 2009
The White House on Sunday pushed out the chairman of General Motors and instructed Chrysler to form a partnership with the Italian automaker Fiat within 30 days as conditions for receiving another much-needed round of government aid.The decision to ask G.M.’s chairman and chief executive, Rick Wagoner, to resign caught Detroit and Washington by surprise, and it underscored the Obama...