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Daily news and top headlines for manufacturing professionals

Eiji Toyoda, Key Figure In Toyota's Rise, Dies

September 17, 2013 7:58 am | by Yuri Kageyama, AP Business Writer | News | Comments

Eiji Toyoda, a member of Toyota's founding family who helped create the super-efficient "Toyota Way" production method, has died. He was 100.Toyoda, a cousin of the Japanese automaker's founder Kiichiro Toyoda, died Tuesday of heart failure at Toyota Memorial Hospital in Toyota city, central Japan.

Gates Stays Atop Forbes List Of America's Richest

September 16, 2013 10:04 am | News | Comments

Microsoft Corp. co-founder Bill Gates is still America's richest man, taking the top spot in the Forbes 400 list for the 20th-straight year with a net worth of $72 billion.Investor Warren Buffett, the head of Berkshire Hathaway Inc., remains in second place with $58.5 billion.

Ford's U.S. Sales And Marketing Chief To Retire

September 13, 2013 11:38 am | News | Comments

Ford Motor Co.'s marketing and sales chief in the U.S. is retiring as of Nov. 1. Ken Czubay, 64, will be replaced by John Felice, who will be vice president of U.S. marketing, sales and service. The company also named Barb Samardzich as chief operating officer at Ford of Europe.


Renault Chief: No. 2 Left Because His Eye Wandered

September 10, 2013 10:55 am | News | Comments

In an interview last month, chief operating officer Carlos Tavares told Bloomberg that he doubted he'd ever become head of Renault because Ghosn is still relatively young. He said he would like to be chief executive somewhere, and he thought his best chance was at a U.S. automaker.

Mulally: No Plans To Leave Ford Early

September 6, 2013 1:36 pm | News | Comments

The chief executive of Ford Motor Co. says he has no plans to leave the company early after reports that he might be tipped to take a leading role at software maker Microsoft Corp. Ford said last year that Alan Mulally would stay with the company through at least 2014.

UTC Announces Pratt & Whitney Leadership Changes

September 4, 2013 11:34 am | Boeing, Pratt & Whitney, United Technologies Corp. | News | Comments

United Technologies Corp. has announced that David Hess is retiring as president of its Pratt & Whitney subsidiary, to be succeeded by Chief Operating Officer Paul Adams.The 58-year-old Hess is retiring Jan. 1 after 34 years with UTC.     

Renault Wants To Eliminate COO Position

September 3, 2013 7:35 am | News | Comments

In a statement Tuesday, Renault said it would instead add two new posts: chief competitive officer, who would be in charge of the product range, and chief performance officer, who would focus on market share and profitability. Employee representatives will review the plan next week.

Gary, Ind. Fights To Avoid Detroit’s Fate

August 28, 2013 9:56 am | by NBC News | Videos | Comments

The mayor of a rust belt small town is literally getting her hands dirty in hopes of revitalizing Gary, Ind. Once a major steel center, the city's population has dropped by half, and some of its neighborhoods are riddle with crime. Karen Freeman-Wilson, the city's current mayor, has a positive outlook on the future of her city.


Microsoft: CEO Ballmer To Retire

August 23, 2013 11:28 am | by Barbara Ortutay and Bree Fowler, Associated Press | News | Comments

Microsoft CEO Steve Ballmer, who took over the helm of the world's largest software company from founder Bill Gates, will retire within the next year. Microsoft Corp. did not name a successor, but said the company is forming a search committee, which will include Gates. Ballmer will stay on until a replacement is found.

CAT: 3 VPs To Retire

August 21, 2013 8:01 am | News | Comments

Caterpillar Inc., which makes construction and mining equipment, said Tuesday that three of its long-time vice presidents have decided to retire in February.Steve Fisher, 58, and vice president of the large power systems and growth markets division, is retiring after 35 years with the company.

Vestas Appoints New CEO Amid Mounting Losses

August 21, 2013 4:24 am | News | Comments

Denmark's troubled wind turbine producer Vestas has appointed Anders Runevad as its new CEO as the company looks to deal with mounting losses.Runevad, who comes from the Swedish telecommunication company Ericsson, will take over on Sept. 1.    

BAE Systems Says CEO Of U.S. Unit Will Retire

August 20, 2013 1:43 pm | BAE Systems | News | Comments

Defense contractor BAE Systems PLC said Tuesday that the CEO and president of its U.S. subsidiary will retire next year. Linda Hudson, who has led the U.S. unit since 2009, will remain at her post through the first quarter of 2014.      

GM Hires Delphi Exec To Run Powertrain Business

August 20, 2013 8:32 am | News | Comments

Steve Kiefer, who heads Delphi Corp.'s Powertrain Systems, will join the auto giant on Sept. 1. In addition to leading GM's powertrain business, he also will oversee engine development. Jim Lanzon will remain as vice president of global transmissions.  


Former Exec Gets Prison For $185M Stock Swindle

August 19, 2013 8:20 am | by Frank Eltman, Associated Press | News | Comments

The founder of America's leading supplier of body armor to the U.S. military was sentenced Thursday to 17 years in prison for running a $185 million stock swindle in which he used the proceeds to finance luxuries such as lavish parties featuring Tom Petty, Aerosmith and the Eagles.

BlackBerry CEO Could Get Almost $55.6M

August 19, 2013 7:59 am | News | Comments

Heins would receive $48 million in equity awards, based on the company's share price at the end of its latest fiscal year, according to a regulatory filing earlier this year. He would also get $7.5 million in compensation for his salary and bonus under the change of control provisions in his contract.

Motorola Solutions Says CFO Fitzpatrick Is Leaving

August 15, 2013 9:35 am | News | Comments

Communications equipment maker Motorola Solutions Inc. said Wednesday that Chief Financial Officer Ed Fitzpatrick is leaving the company. Motorola said Gino Bonanotte, 48, will be its acting CFO while the company looks for a permanent replacement. He was in charge of financial operations for Motorola's sales and product-operations organizations.

Rockwell Collins Ortberg Takes On CEO Position

August 1, 2013 12:49 pm | News | Comments

The aviation and military electronics maker announced last month that Ortberg, who will hold is previous position as company president, would succeed Clay Jones. The 64-year-old Jones has spent nearly 34 years at Rockwell Collins. He will continue as non-executive chairman.

Rob McKenna, Former Wash. AG, Joins NAJI As President

July 30, 2013 10:45 am | by NAJI | News | Comments

The National Alliance for Jobs and Innovation (NAJI) is pleased to announce that former Washington State Attorney General Rob McKenna has joined NAJI's Board of Directors and will serve as NAJI President. NAJI is a non-partisan organization of over 200 members whose mission is to help stop unfair competition resulting from stolen intellectual property (IP) — whether through piracy, counterfeiting, or trade secret theft.

Hacker Who Made ATMs Spit Out Cash Dies

July 29, 2013 2:19 pm | by Sudhin Thanawala, Associated Press | News | Comments

A prominent hacker who discovered a way to have automatic teller machines spit out cash and was set to deliver a talk about hacking pacemakers and other wireless implantable medical devices has died in San Francisco, authorities and his employer said.

Ex-GM Exec Sees Toyota Role As Sign Of Change

July 23, 2013 7:58 am | by Yuri Kageyama, AP Business Writer | News | Comments

Mark Hogan, a former General Motors Co. executive tapped to join the Toyota board, sees his appointment as a sign of change at the Japanese automaker and hopes he'll play a role in the company becoming less insular and quicker in decision making.

HP Names 3 Board Members Amid Turnaround Push

July 15, 2013 1:43 pm | News | Comments

CEO Meg Whitman has portrayed HP's turnaround as a multi-year effort. She has been overhauling the company's product line and pushing into more profitable niches in business software, data analysis and storage and technology consulting. HP also is in the process of eliminating nearly 30,000 jobs and shedding other expenses.

Microsoft Reshuffles Company Structure

July 11, 2013 1:39 pm | News | Comments

Microsoft says it is reshuffling its business to promote faster innovation and a sharper focus on devices and services. The move by the world's largest software maker comes amid a steady decline in demand for PCs as people turn to tablets and other mobile devices.

Better 'Ethics' In Economic Development?

July 9, 2013 3:26 pm | by Joel Hans, Managing Editor, | Blogs | Comments

While, yes, states are individual entities, and state politicians are beholden to what they can bring to their state economy and usually not much else, but there’s something to be appreciated in business that isn’t cutthroat and isn’t based solely upon politics.

U.S.: Tiffany Exec Stole Jewelry Worth $1.3M

July 3, 2013 10:07 am | by Tom Hays, Associated Press | News | Comments

As vice president of product development, the 45-year-old Lederhaas-Okun had authority to "check out" jewelry from Tiffany to provide to potential manufacturers so they could calculate production costs. Authorities allege that after she left Tiffany in February, the company discovered she had checked out 164 items that were never returned.

Prevent Your Kidnapping With Re-Shoring?

July 3, 2013 9:01 am | by Joel Hans, Managing Editor, | Blogs | Comments

As with most other news of labor relations coming out of China, many are using the recent boss kiddnapping event as another example of why manufacturers need to be moving back to the U.S. as soon as possible. I wouldn’t be so quick to judgment.

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