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A $319 million claim against Con-way arising from the bankruptcy of
Consolidated Freightways Corp. and its withdrawal from the Central
States pension fund was settled for $8 million.
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Toyota is looking into possible alternative suppliers or ways to
financially assist suppliers to keep them in business.
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The company has called off its plan to sell its Light Vehicle
Systems business, citing the unavailability of credit financing and
overall weakness in the automotive sector. Instead, it will reorganize
the unit, hoping to improve its contribution to the organization's
revenues.
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Michael Campbell, the incoming president of NAM says it will take
the right policies and legislation for the U.S. to 'continue to lead
the
world in manufacturing productivity, innovation and output.'
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Visit the IndustryWeek Forums -- an
active online community discussing the latest in manufacturing. The
forum is open!
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"...what do you believe this alien would take away as the
biggest
issue facing the American public?"
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