Articles |
Boeing Schedules 787 Dreamliner First Flight For 2Q09 |
Boeing provided an updated schedule for its all-new 787 Dreamliner program that moves the commercial jet's first flight into the second quarter of 2009 and first delivery into the first quarter of 2010. Read More |
Boeing Commercial Airplanes Announces Restructuring |
The Boeing Company announced a series of executive leadership changes and a restructuring within Boeing Commercial Airplanes to better align resources across its development and production programs and strengthen oversight of its global supply chain. Read More |
Cummins Revises 2008 Outlook |
Cummins Inc. revised its outlook for 2008 due to the continuing decline in many of its key markets around the world. The Company now expects 2008 sales to increase by 9 percent over 2007, compared to its previous guidance of a 12 percent increase. Earnings Before Interest and Taxes (EBIT) is forecast to be slightly more than 9 percent of sales, compared to the Company's earlier guidance of 10 percent. Read More |
Lear Corp. Withdraws Financial Guidance |
Lear Corporation, a supplier of automotive seating systems, electrical distribution systems and electronics products, said it is withdrawing its full-year 2008 financial guidance as a result of further weakness in global automotive demand and overall industry uncertainty. Read More |
American Axle & Manufacturing Launches Joint Venture In China |
American Axle & Manufacturing Holdings, Inc.said it has entered into an agreement, through one of its subsidiaries, to form a joint venture with Hefei Automobile Axle Co, Ltd., (HAAC), a subsidiary of the JAC Group (Anhui Jianghuai Automobile Group Co, Ltd). The new company, Hefei AAM Automotive Driveline & Chassis System Co., Ltd., will manufacture and sell rear beam axles, front axles, power transfer units (PTU), Rear Drive Modules (RDM) and suspension modules for passenger cars, sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) for the China market. Read More |
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