Latest News in Auto Glass
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May 13, 2009Pittsburgh Glass Works LLC will close its glass fabrication facility in Ontario, Canada, in the first quarter of 2010, the company announced.In a prepared statement, Pittsburgh Glass Works President and CEO Jim Wiggins blamed the closure on the continued decline and restructuring of the North American automotive industry, according to a May 12 Pittsburgh Business Times report.
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May 13, 2009Vice President Joe Biden, making a renewed pitch for a major change in labor law, told union leaders Tuesday that the best way to rebuild the middle class is to help labor unions grow.Biden said it's time to "level the playing field" for unions by passing a bill that would make it easier for workers to organize."You've got to climb up a hill with so many roadblocks on the way to...
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May 12, 2009The Industrial Trade Forum, a blog-based international trade community from ForeignTRADEX announced today the debut of its all new Commercial Glass and Industrial Glass Directory. The company reported the online publication features offerings from American glass fabricating companies and commercial glass manufacturers serving domestic and global markets, according to a May 11 Trans World News...
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May 12, 2009Japanese stocks slid for the first time in six days on concern earnings will continue to decline this year and that a recent share rally was overdone.Asahi Glass Co. surged 12 percent after Nomura Holdings Inc. raised its rating on the company to “buy.”
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May 12, 2009Thousands of General Motors Corp. and Chrysler LLC dealers in the U.S. may learn their fate in the next few days as both auto makers complete lists of dealerships they plan to eliminate.GM dealers will be notified this week whether they will continue to receive new cars and trucks from the company, GM Chief Executive Officer Fritz Henderson said Monday during a teleconference with reporters....
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May 11, 2009For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable. To remake itself outside of court, GM must persuade bondholders to swap $27 billion in debt for 10 percent of its risky stock. On top of that, the automaker must work out deals with its union, announce factory closures, cut or sell brands and force hundreds of dealers...
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May 11, 2009Asahi Glass released its consolidated financial results for FY2009 first quarter, Jan. 1 through March 31, 2009, on May 11.Read full release.
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May 11, 2009Seventy six jobs are to be lost at glassmaker Pilkington's Merseyside [England] headquarters.The St Helens-based company said it was forced to make the redundancies due to the global downturn."It has hit the building industry particularly hard so we are having to reduce our capacity and adjust costs," a company spokesman said, according to a May 8 BBC report.
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May 11, 2009Emirates Glass LLC, one of the leading processors of architectural flat glass in the Middle East and a subsidiary of Glass LLC, wholly owned by Dubai Investments, together with Lumiglass Industries and Saudi American Glass, has posted yet another milestone achievement by securing a 20 per cent stake in the total glass production of Emirates Float Glass in a high-profile business deal worth AED 20...
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May 8, 2009Consumer fears over a potential bankruptcy are keeping customers away from General Motors showrooms, the company said Thursday, pushing the ailing automaker closer to bankruptcy.GM said it lost $6 billion in the first quarter, burning through $10.2 billion in cash. Revenue fell by 47 percent to $22.4 billion, and U.S. market share slid nearly 4 percentage points to 18.4 percent.Global market...
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Viracon, Inc. officials announced that the glass fabricator will make an investment of more than $30 million at its Owatonna, Minn., facility, to install a new coater. The company decided to install the new coating technology in Minnesota because the Owatonna facility is centrally located and has the most extensive product capabilities and technical talent, according to a release....
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Officials of PPG Industries announced several executive appointments, February 21, that are effective immediately.Michael McGarry, PPG executive vice president, has assumed leadership responsibility for the company’s flat glass businesses. He will also lead PPG's architectural coatings businesses in the Americas and Asia Pacific, as well as the Europe, Middle East and Africa (EMEA) region....
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As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
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