DALLAS—The future of the global automotive fastener market looks promising with opportunities in the passenger car and light commercial vehicle segment.
EAST ST. LOUIS, IL—A group of healthcare providers has filed a lawsuit against medical device manufacturer Becton Dickinson (BD), accusing the company of monopolizing the U.S. safety syringe market and abusing its “extraordinary market power to require the use of oppressive, anti-competitive contracts that effectively force above-competitive prices on the market.”
WASHINGTON—New orders for U.S.-made goods rose more than expected in March, boosted by strong demand for transportation equipment and a range of other products, but there are signs that business spending on equipment is slowing, the Commerce Department said last week. Factory goods orders rose 1.6 percent, Data for February was revised up to show orders jumping 1.6 percent instead of the previously reported 1.2 percent increase.
TORONTO—Bombardier Inc. has signed a deal to sell its Downsview aircraft assembly plant in Toronto for US$635 million to the Public Sector Pension Investment Board, the company said in a statement last week. Under a lease agreement, Bombardier will continue to operate from the Downsview assembly site for up to 3 years following the closing of the deal, with two optional one-year extension periods.
NORTH KINGSTOWN, RI—State tax breaks, infrastructure spending and job training are helping General Dynamics Electric Boat gain significant submarine construction work for the next several years. President Jeffrey Geiger last week said that the company hopes to create 1,300 new Rhode Island manufacturing jobs over the next decade.
ORION TOWNSHIP, MI—A General Motors Co. manufacturing plant in Metro Detroit that was idled during the Detroit automaker’s federally induced bankruptcy is now one of the keys to GM’s future, reports The Detroit News. Orion Assembly is one of two plants where GM is investing $100 million in total to retool for Cruise AV production. The other is the Brownstown battery assembly plant, where roof modules for the Cruise AV are built.
PFINZTAL, Germany--As carbon fiber-reinforced plastics continue to become major components of aircraft, it’s increasing the need for sustainable recycling concepts.
WASHINGTON--The U.S. Department of Energy (DOE) and the National Association of Manufacturers (NAM) have formed a strategic partnership that focuses on sustainability in manufacturing.
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