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Daily News

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Chinese Automaker BYD to Launch Electric Car in U.S.
Will consider opening a plant in the U.S.

AU Optronics to Build $3 Billion Plant in China
Company is following new investment rule that allows investment in 'sixth-generation' facilities on the mainland, if more advanced technologies are kept in Taiwan

U.S. Industrial Output Shows Small Increase
Manufacturing activity, however, dropped 0.2% in February.

HP Extends Laptop Warranty after China Starts Probe
Company apologized over complaints of flawed computers

China Cuts Back U.S. Treasury Bond Holdings
Some U.S. experts had told a Congressional forum last month that China appeared to be secretly buying bonds via third locations to hide its importance as a major creditor to Washington.

Chicago Manufacturer a Finalist for National Small Business Award
Quality Float Works recognized by U.S. Chamber of Commerce.

India's Manufacturing Output Increased 17.9%
Stimulus packages and lower interest rates spurred demand for consumer durables, cement and steel.

Italy to Host Europe's Largest Solar Plant
Plant will produce 62 megawatts

Iron, Steel Association Offers Recommendations to Hit U.S. Goal of Doubling Exports
Group says U.S. needs to address Chinese currency manipulation, negotiate better trade agreements and enforce trade laws

U.S. Retail Sales Post Surprise Rise
Increased 0.3%

Russia to Build Up to 16 Nuclear Reactors in India
Six of the reactors are expected to be built by 2017.

Britain Offers GM Loan to Safeguard Jobs
Loan is for $410 million

Investigators Examine Refinery Safety Culture
BP's safety issues raise questions about how certain manufacturers approach safety management.

California Prosecutor Sues Toyota for Hiding Defects
Suit filed on behalf of the people of Orange County that Toyota knowingly sold cars and trucks with defects

BP Pays $7 Billion for Devon Energy Assets
Marks the British group's entry into Brazil

U.S. Lawyers Seek Billions from Toyota for Vehicle Value Loss
Lawyers hope to prove that Toyota deliberately misled its customers about the safety of its vehicles and should be convicted of racketeering and fraud charges

U.S. Trade Gap Narrows on Falling Imports
Imports dropped 1.7% to $180 billion, while exports slipped 0.3% to $142.7 billion.

Spain's GM Plant, Unions Fail to Reach Restructuring Deal
Management had rejected a union proposal for a two-year wage freeze at the Figueruelas plant which employs 7,000 people.

Obama Calls on China to Alter Exchange Rate
Will announce the National Export Initiative to double American exports to ease unemployment

Caterpillar May Bring Some Japanese Production Back to U.S.
Company looks to build new facility in the U.S. that would absorb some production from overseas.

U.S. Regulators Defend Handling of Toyota Recall
NHTSA receives more than 30,000 consumer complaints yearly and reviews each 'quickly and carefully.'

Business Leaders Arrive in D.C. to Urge Swift Action On Jobs and Energy
Group says climate and energy policies could create up to 1.9 million jobs nationally from 2010 to 2020

Obama Launches Export-doubling Strategy
President said boosting exports was a "short-term imperative" to create jobs, it was also critical for long-term U.S. prosperity as 95% of the world’s fastest-growing markets lie outside U.S. borders.

Toyota Subsidiary Daihatsu Recalls 275,000 Vehicles
No accidents have been reported, automaker says.

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Expansion Management

Maker of Heat Exchangers Moving from Connecticut to N.C.
Turbotec Products Inc., a Windsor, Conn.-based supplier of heat exchangers and heat-transfer products, will move the bulk of its manufacturing operations from Connecticut to Hickory, N.C., adding 73 jobs and investing $6.5 million in the next three years.

Chemical Manufacturer to Build Facility in Pennsylvania
Voltaix LLC, a North Branch, N.J.-based manufacturer of specialty chemicals, plans to open a new facility in Upper Mount Bethel Township, Pa., creating 53 jobs.

Siemens to Build Gas Turbine Plant in Charlotte
Munich-based Siemens AG will build a new production plant for 60-hertz gas turbines at its existing facility in Charlotte, N.C., according to the company.

National Food Products Maker Expanding in North Carolina
Pierre Foods Inc., a Cincinnati-based producer of fully cooked meats and frozen sandwiches, will expand its operations in Claremont, N.C., according to Gov. Bev Perdue’s office.

Maker of Diesel Engine Systems to Open New Facility in South Carolina
MTU Detroit Diesel Inc. said it will open a new manufacturing facility in Graniteville, S.C., where it will begin building Series 2000 and Series 4000 engines by the end of the year.

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IW 50 News

IW 50 Best: Chevron Enters Cost-Cutting Mode
Company plans to cut 2,000 jobs and sell some overseas operations.

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Information Technology

Boeing Readies for Deep Cuts in IT Department
Amid word of company-wide layoffs of 1,000 workers, IT is expected to face brunt of pink slips.

Plex Launches Free Online Manufacturer's Assessment Tool
Customized analysis identifies best practices, personalized recommendations for performance improvements.

IT Sector Split on Security of Virtualization and Cloud Computing
Survey reveals IT and security managers can't tell whether technologies have improved or hurt the security of data.

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