OEM News 06/17/2008

OEM News 06/17/2008

June 17, 2008

NEWSLETTER SPONSOR

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Articles

Caterpillar to Spend $1 Billion to Expand Illinois Manufacturing Operations
Caterpillar Inc. said it intends to spend $1 billion over the next several years in a capacity expansion that will position key factories in Illinois and other areas to compete for the long term. The investments will allow Caterpillar to meet continued demand and bolster its global leadership for machines used primarily in mining and large infrastructure applications. In support of this capacity expansion, the company will invest more than $1 billion from 2008 through 2010 in five existing facilities in Illinois (East Peoria, Joliet, Decatur, Aurora and Mossville). Read More

Caterpillar And Navistar Pursue Strategic Alliance
Caterpillar Inc. and Navistar International Corporation said they will pursue global on-highway truck business opportunities and cooperate on a variety of engine platforms. The two companies intend to focus on global truck opportunities, including North American severe service construction trucks, as well as technology development for engines worldwide. Read More

Cummins And Navistar Extend Engine Supply Agreement
Cummins Inc., and Navistar International Corp. said they have extended their engine supply agreement for class 8 on-highway diesel engines through 2013. The agreement provides for the ongoing supply of Cummins ISL, ISM and ISX engines for use in International(R) brand class 8 trucks Read More

Honda Starts Production On New Fuel Cell Vehicle
Honda Motor Co., Ltd. said it has begun production of its new FCX Clarity fuel cell vehicle, with the first vehicle with U.S. specifications coming off the line on June 16. In conjunction with the line-off event, the company allowed media to view a number of its new production processes. Read More

Ford Sells Atlanta Assembly Plant to Jacoby Development
Ford Motor Company said it has sold its Atlanta Assembly Plant property in Hapeville, Ga., to Jacoby Development Inc. Jacoby will redevelop the 122-acre site adjacent to Hartsfield-Jackson Atlanta International Airport into an "aerotropolis" - an aviation-intensive business district that is expected to include office, retail, restaurant, hotel and airport parking. Read More

Lear Buys Majority Interest In Automotive Fabric Business
Lear Corp. said it agreed to acquire a 75 percent share of the automotive fabric business of New Trend Group Co., Ltd. (NewTrend Group), a privately held company founded in 1986 that produces automotive interior fabric and commercial plastic goods. Financial terms of the agreement were not disclosed. Read More

Eaton Awarded $40 Million FAA Contract
Diversified industrial manufacturer Eaton Corp. said it has received an equipment contract with the Federal Aviation Administration (FAA) projected to exceed $40 million over a 10-year period. Read More

General Dynamics Gets $67 Million Contract Add-On For RG-31 Mk5
The U.S. Army has awarded a $67.3 million modification to a previously awarded contract for RG-31 Mk5 vehicles to General Dynamics Land Systems -- Canada. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics. Read More


AM Webcasts

Missed GE Fanuc and AM on May 21, 2008 for the Webinar? View The Archive

What you need to know when retrofitting, rebuilding or remanufacturing machine tools. In this webcast presentation, GE Fanuc product manager Mark Brownhill and American Machinist editor Bruce Vernyi will discuss many opportunities for retrofitters and end users to maximize the efficiency, effectiveness and cost savings that are possible with this valuable approach. Don't miss this great opportunity to learn how a retrofit solution might be right for your shop.
Click Here To View The Archive



Workshop

American Machinist Presents: Machine Shop Workshop - November 12-14,2008

The only event that focuses on the business side of running a machine shop. Join owners and top managers to explore strategies and improve your business. Register now and save at: Click Here


Announcements

American Machinist Announces Launch Of Machine Tool Theater


American Machinist is pleased to announce the beta launch of Machine Tool Theater at www.machinetooltheater.com. Visit Machine Tool Theater; watch videos about machining and machining equipment. You'll see faster, more precise machines; cutting tools to process virtually any material; finishing technologies; automation systems; quality instruments and manufacturing software. You'll see how to reduce cycle times and increase productivity.Click Here




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