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The word superstar is overused. It wasn’t in the case of Carlos Ghosn. Over two decades Ghosn saved Nissan Motor Co. from bankruptcy and forged an alliance between Renault, Nissan and Mitsubishi Motors Corp. That run ended abruptly today amid Japanese news reports Ghosn, Nissan’s chairman, had been arrested.
The Heller Group has its own way of doing things. This doesn’t mean the German machine tool company is a maverick. Rather, it gathers the facts of a situation and draws up a business plan that may or may not resemble what its competitors are doing.
Dearborn, MI-based Ford said Nov. 8 it acquired Spin (San Francisco) a “scooter-sharing company that provides customers an alternative for first- and last-mile transportation.” Spin currently operates in 13 U.S. cities. A Spin scooter costs $1 to rent and 15 cents a minute, according to Ford.
Screw threads may be one of the most important of industrial fasteners. Found practically everywhere, smooth operating threads that connect parts under intense stress and strain are vital to most industrial pieces of equipment. They are getting more critical in certain applications where failure equals catastrophe.
“Five years ago, our fit and finish was below average,” said Dr. Raj Kawlra, director of dimensional strategy and management of Chrysler Group (Auburn Hills, MI). “To be the future world-leaders, we knew that we had to focus on all aspects of quality … vehicles that look good, feel good, sound good, and are reliable.”
It’s been almost two decades since the C5 Corvette hit the streets with its groundbreaking chassis built around hydroformed steel bumper-to-bumper frame rails. The technology gave engineers a chance to create components that were both lighter and stiffer than traditional stamped and welded assemblies.
Proos Mfg. (Grand Rapids, MI) announced the completion of the company’s sale to company President Bryan Howard. In addition to the sale, Proos also made public its plans to increase manufacturing capacity and add jobs.
U.S. sales of cars and light trucks are forecast to slow this year. At the same time, potential trade fights may cast a shadow over the industry, an economist said Sunday ahead of the North American International Auto Show.
In auto racing, small details have a major impact on success—a concept very familiar to performance racing parts provider Oliver Racing Parts (Charlevoix, MI). Oliver produces performance connecting rods for the world’s leading engine builders.