By implementing a Product Lifecycle Management (PLM) system, companies both large and small, benefit by simplifying and shortening each phase of the product development process. However, deciding whether or not to adopt PLM software has been a challenge for smaller organizations due to a reputation of PLM being difficult to implement.
GM CEO Dan Akerson tells Fortune that the second generation of the Chevy Volt will be cheaper to make and profitable. Looking to the future, GM hopes to have a half million cars on the road with some form of electrification by 2017.
Around 40 executives of Sony Corp. and its group companies in charge of the mainstay electronics business have decided to give up their bonuses for fiscal 2012 ending March, taking responsibility for poor business performance, company officials said Wednesday.
A Chinese company whose mantra is Build Your Dreams plans to build all-electric buses in California's Mojave Desert. Lancaster Mayor R. Rex Parris and officials of BYD Automotive scheduled a news conference Wednesday to announce plans to open the first Chinese-owned vehicle manufacturing plant in the United States in the wind-swept high-desert city 60 miles northeast of Los Angeles.
With a large chunk of Europe on holiday, financial markets were lead-footed Wednesday ahead of a policy statement from the Federal Reserve. A soft private payrolls report from ADP raised concerns over the state of the U.S. economy but reinforced market expectations that the Fed will persevere with its super-easy and cheap monetary policy for a bit longer than had been anticipated.
The mayor of a Texas town devastated by a deadly fertilizer plant explosion says he expects the community to rebuild and he'll do the same. West Mayor Tommy Muska said Tuesday that his hometown of about 2,700 has received donations from across the country since the April 17 accident.
Equal Employment Opportunity Commission attorney Robert Canino said the former workers for Henry's Turkey Services suffered "broken lives" because of the conditions they endured while living at a run-down bunkhouse in rural Iowa and working at West Liberty Foods.
Paramedics and sheriff's deputies were called around 11:45 p.m. Friday, after Avalos-Chanon was found entangled in the machinery. Another worker had hit an emergency stop button, but it was too late, Thompson said. Firefighters returned the following day to dismantle the machine and remove the body.
Several months ago the smartphone industry was preparing for an all-out brawl over technology and innovation, but a knockout device hasn't hit the market yet and some say that could give BlackBerry an opportunity. The Waterloo, Ont.-based company could have been pulverized earlier this year by competitors after it unveiled its two new smartphones, which were considered more catchup than game-changer.
Virgin Galactic's SpaceShipTwo made its first powered flight Monday, breaking the sound barrier in a test over the Mojave Desert that moves the company closer to its goal of flying paying passengers on brief hops into space. "It couldn't have gone more smoothly," said Sir Richard Branson, who owns the spaceline with Aabar Investments PJC of Abu Dhabi.
Ford Motor Co. announced its entry into Myanmar on Tuesday, saying it plans to open the nation's first sales and service showroom for new vehicles by August. Myanmar's vehicle market has been stunted by decades of international sanctions and strict import controls put in place by the military junta that ruled for nearly 50 years, handing out import licenses to a few favored tycoons.
Prosecutors are pushing for a speedy trial for alleged corruption by top executives at Italian defense giant Finmeccanica and its Agusta helicopter division. Finmeccanica CEO Giusppe Orsi was arrested and Agusta CEO Bruno Spagnolini are accused of involvement in the payment of bribes in the $670 million sale of 12 helicopters to the government of India.
Japan manufacturing and employment showed slight improvements in March, buttressing hopes that the economy may be headed for a moderate recovery. Factory output rose 0.2 percent, the Ministry of Economy, Trade and Industry said Tuesday, in the fourth straight monthly increase. It pointed to strength in chemicals, electrical components, telecommunications equipment and steam turbines.
Subaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals. The recall affects Foresters made from January 2013 through March. The company says the floor mats can curl when exposed to heat.
Built to dominate the enemy in combat, the Army's hulking Abrams tank is proving equally hard to beat in a budget battle. Lawmakers from both parties have devoted nearly half a billion dollars in taxpayer money over the past two years to build improved versions of the 70-ton Abrams. But senior Army officials have said repeatedly, "No thanks."