Top GOP Lawmakers say GM, Chrysler Should File Chapter 11
from All Headline News
 Two top Republican congressional lawmakers said on a Sunday news talk show that General Motors should file for Chapter 11 bankruptcy protection and reorganize before seeking any more federal money. Rep. John Boehner, R-Calif., the House Republican leader, said GM must show that it has a long-term plan to make it viable again before the government gives the nation's largest automaker any more money. Sen. John McCain, R-Ariz., told FOX News Sunday that "the best thing that could possibly happen to General Motors, in my view, is they go into Chapter 11, they reorganize, they renegotiate the union management contracts and come out a stronger, better, leaner, more competitive automotive industry." More
Auto Panel Seeks Long-Term Answers
from The Detroit News
The federal auto task force that arrives in Detroit on Monday has spent the past two weeks meeting with a range of industry players, pushing its work beyond the automakers' immediate cash crisis and strongly hinting at a longer term goal. Accounts of the task force's discussions with Detroit Three executives, industry trade groups and analysts suggest the advisers to the Obama administration's cabinet-level committee have gathered plenty of the basic financial information necessary to assess the need for immediate aid. But the group's focus appears to extend far beyond the balance sheet. More
Timken Makes Management Changes
from Trading Markets
The Timken Company announced several leadership changes including Christopher A. Coughlin, Richard G. Kyle, Daniel E. Muller and Douglas H. Smith being named to new assignments. Additionally, Griffith said two Timken executives have announced their retirements. More
ArcelorMittal Idles Cleveland Works
from Metal Producing & Processing
ArcelorMittal USA has halted production at its Cleveland Works, leaving an estimated 1,200 hourly and salaried workers unemployed. A skeleton crew of maintenance and safety personnel will remain on site. The United Steelworkers of America report that 1,800 of its members were employed there through last summer. More
GM Says Opel Not Preparing for Insolvency
from Reuters
Struggling U.S. carmaker General Motors denied a weekend newspaper report its German unit Opel was preparing for insolvency. "This scenario is currently not on the agenda," a GM Europe spokesman told Reuters on Sunday. German newspaper Die Welt had reported on Saturday, citing no sources, that GM and Opel seemed to be preparing for an insolvency at Opel, having hired three law firms with renowned insolvency experts. More
Summer School for Powder Metallurgists
from Azo Materials
Based on the previous success of the European Powder Metallurgy Associations (EPMA) EU funded PM Training Courses, the EPMA has decided to run a 2009 EPMA Powder Metallurgy Summer School for the benefit of up-and-coming powder metallurgists. The 2009 EPMA PM Summer School will take place in Košice, Slovakia’s second largest city and the centre of eastern Slovakia from June 22 to June 26. More
Spin Off: Essexville Company Turns Turbine Use Into Turbine Manufacturing
from The Bay City Times
Glenn Fonzi built a new manufacturing facility in Essexville late last year, and wanted to offset his electricity costs with wind turbines. After some checking, he bought two, 100-kilowatt turbines from a Finland company to help power Bay Composites Inc., which makes carbon-carbon composite for the aerospace, semiconductor and solar industry. Now, Fonzi has gone into the breeze business himself. He plans to begin construction this spring on a 10,000-square-foot building for Affordable Green Energy LLC. ''It makes sense,'' he said. ''I don't know why everybody doesn't do it.'' More
Top Wind Turbine Firms: U.S. Parts Makers Needed
from The Detoit Free Press
Some of the world's biggest wind-turbine companies told Michigan manufacturers some good news recently: They still need more U.S. parts makers. Though the economic crisis is expected to reduce the number of new wind farms and other projects this year, executives from several leading turbine manufacturers such as Vestas, Nordex AG and Siemens AG -- who were gathered at the Michigan Wind Energy Conference at Cobo Center -- said they are still moving forward with plans to build their own U.S. supply chains. More
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