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OEM News 07/15/2008

July 16, 2008
July 15, 2008 NEWSLETTER SPONSOR Sterling Machinery Sterling Machinery has a new buyers guide! This will tell you what to look for when purchasing Metal Working & ...
Sterling Machinery has a new buyers guide! This will tell you what to look for when purchasing Metal Working & Fabricating Equipment. Sterling Machinery Buys, sells, Trade all types of used machinery including Press Brakes, Lathes, Grinders, Mills, Shears, Used Saws and more. Visit or Call Us Today! Click Here
General Motors Announces More Restructuring
General Motors Corp. said it is taking further steps to adapt its business to rapidly changing market conditions, marked by the weak U.S. economy, record high fuel prices, shifts in consumer vehicle preferences, and the lowest U.S. industry sales volumes in a decade. Read More

Alcoa To Restructure Some Auto Market Operations
Alcoa said its Alcoa Electrical and Electronic Systems (AEES) business has initiated a restructuring of its Honduran and Mexican operations serving the North American auto market as a result of continued market softness. In total, the workforce reduction across the Honduran and Mexican operations will impact approximately 1,240 jobs as AEES adjusts capacity to economic and structural changes in the North America light truck and SUV market demand. Read More

Toyota To Build Prius In U.S.
Toyota said it plans to build its Prius models at a plant under construction in Blue Springs, Miss. beginning in late 2010. Prius, will join the Camry Hybrid as the second Toyota hybrid built in North America. Meanwhile, Toyota will move production of its mid-sized SUV to Princeton, Ind., beginning in Fall 2009, and consolidate production of its full-size pick-up truck at its San Antonio plant in Spring 2009. In addition, Toyota will temporarily suspend Tundra and Sequoia production beginning August 8 due to the declining overall market for full size trucks and SUVs. Read More

Harley-Davidson To Acquire MV Agusta Group
Harley-Davidson, Inc. said it plans to purchase the Italian motorcycle maker MV Agusta Group (MVAG). Harley-Davidson will acquire 100 percent of MV Agusta Group shares for total consideration of approximately 70 million euros ($109 million), which includes the satisfaction of existing bank debt for approximately 45 million euros ($70 million). Read More

Eaton To Produce Fuel Systems For New Cessna Business Jet
Diversified industrial manufacturer Eaton Corporation has been selected by Cessna Aircraft Company, a Textron company, as the fuel systems supplier for the new, large cabin, intercontinental Model 850 Citation Columbus business jet. The value of the program to Eaton is estimated at approximately $100 million over 20 years. According to Cessna, the first flight is scheduled for 2011. Read More

Goodrich Gets Landing Gear Overhaul Contract From Continental
Goodrich Corporation has received an expanded landing gear overhaul service agreement from Continental Airlines to cover virtually every model in the airline's Boeing aircraft fleet. The expanded portion of the agreement is expected to generate $49 million in revenue over five years. Read More

General Dynamics Gets Contract For Light Armoured Vehicle Support
The Government of Canada has awarded a contract valued at $374 million (US $367 million) to General Dynamics Land Systems-Canada for a full range of lifecycle support services for the Canadian Forces fleet of Wheeled Light Armoured Vehicles. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics. Read More

Illinois Tool Works Acquires TRYMER
Illinois Tool Works Inc. has acquired the assets of TRYMER polyisocyanurate (PIR) rigid foam business. The TRYMER plant is based in LaPorte, Texas and manufactures PIR foam used in pipe and mechanical insulation, panel insulation, and floral and craft among other applications. Read More

AM Webcast Series
Sponsor: GE Fanuc

Best Kept Secrets of CNC Connectivity-July 23,2008 2:00 pm EST
How To Get Data Into And Out Of A Control
In our latest installment of the GE Fanuc Best Kept Secrets webcast series, we'll show you how the various communications technologies available with today's CNCs will give your production team a distinct competitive advantage. GE Fanuc Productivity Product Manager Mark Brownhill will answer many commonly asked questions end users ask when trying to connect to their CNC production data. Join us July 23 at 2:00 pm EST and learn how you can improve data availability and maximize business performance by utilizing these Best Kept Secrets of CNC Connectivity.
Click Here To Register
Sponsor: Epicor

Striving To Reduce Costs And Increase Profitability While Remaining Competitive Is No Easy Task. - July 30,2008 2:00 pm EST
Epicor Manufacturing talks about ways to plan, schedule, execute and monitor your manufacturing operations - from raw materials to final product - to develop your highest level of flexibility and agility, and to make your operations more competitive. Join us July 30,2008 at 2:00 pm EST
Click Here To Register
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
American Machinist Announces Launch Of Machine Tool Theater
American Machinist is pleased to announce the beta launch of Machine Tool Theater at 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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