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Industrials News

GE to move engine plant to Canada, creating 350 jobs
General Electric Co said on Monday it will move production of large, gas-powered engines to Canada from Waukesha, Wisconsin, along with 350 jobs, because the company cannot access financing through the U.S. Export-Import bank.
Posted on 9-28-2015 at 10:54 AM
Volkswagen may be in worse shape than BP after Gulf spill
Volkswagen will be harder to fix than either the deadly ignition problems at GM or the massive BP oil spill, says a noted Canadian marketing expert.
Posted on 9-25-2015 at 5:06 PM
Volkswagen rigged tests on 2.8 million cars in Germany, Berlin says
Volkswagen rigged emission tests on about 2.8 million diesel vehicles in Germany, the country's transport minister said on Friday, nearly six times as many as it has admitted to falsifying in the United States.
Posted on 9-25-2015 at 11:13 AM
VW appoints Porsche chief as CEO amid diesel cheating crisis
Matthias Mueller, Porsche brand chief, has been appointed to Volkswagen AG CEO following the leave of Martin Winterkorn from the position.
Posted on 9-25-2015 at 1:45 PM
Volkswagen to name Porsche boss as new CEO: Report
VW will name Matthias Mueller, the head of its Porsche sports car brand, as its chief executive as it tries to recover from a scandal over its rigging of vehicle emissions tests, a source close to the matter tells Reuters.
Posted on 9-24-2015 at 12:53 PM
Caterpillar may cut as many as 10,000 jobs through 2018
The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016, most of them in 2015.
Posted on 9-24-2015 at 9:33 AM
BMW denies rigging emissions tests after report on X3 exhaust
BMW AG said it doesn’t cheat on emissions tests, responding to a report in German magazine Autobild that the X3 sport utility vehicle exceeded the European limit for air pollution.
Posted on 9-24-2015 at 8:46 AM
Volkswagen recall letters warned of an emissions glitch in April
EXCLUSIVE: Volkswagen of America had sent letters to customer in California in April advising them to update emissions software in a bid to appease regulators, Reuters has learned.
Posted on 9-24-2015 at 7:28 AM

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