Bloomberg reports that Whirlpool sank the most since 1987 after saying it will cut 5,000 jobs and lowering an annual profit forecast by as much as 36 percent with demand in the US falling.
Author: admin
Electrolux Profits Plunge 40%
Appliance manufacturer Electrolux has seen profits plunge 40% to $128 million.
Samsung, LG Dumped Fridges & Face Tariffs
We’ve ben waiting on this for some months and now the US Commerce Department has said that both LG and Samsung dumped refrigerators at low cost, in a case brought by Whirlpool Corp. The agency set duties of as much as 36.65%.
Dyson In Court… Again (But Loses This Time)
The Sun reports this morning that Sir James Dyson has been in court again defending his vacuum cleaner designs and, this time, it’s the DC02 cylynder Dyson cleaner pitched against alleged copy from the now Chinese owned VAX.
Washing Machines Pegged As Source Of Ocean Pollution
Scientists have found an unexpected source for the rising load of tiny plastic bits in the oceans: Washing machines. Only, it isn’t really the washing machines that are at fault, it’s the clothing we wash in them that is.
DRL Wins Award & Creates Jobs For Warranty Scheme
Online kitchen appliances retailer DRL has won a top honour at the European Call Centre and Customer Service Awards.
Investigation Suggest Beko Bungled Fridge Fires
Reuters has continued to investigate the fires caused by Beko fridge freezers and the events surrounding the tragic fires. The investigation seems to indicate that Beko dropped the ball on notifying its customers and that Beko didn’t act within EU guidelines.
Chinese Appliance Makers To Face Tougher Rules
European Union are set to increase environmental standards are adding an additional burden to Chinese makers of domestic appliances that are already struggling with shrinking foreign demand and rising production costs.
Samsung Eco Bubble Washing Machine Slammed In Reviews
A Dutch consumer magazine has given Samsung Electronics’ new drum washing machine a scathing review casting doubt on the firm’s claims for a new technology.
Appliance Fires Put Regulators Under Scrutiny
After a recent series of high profile appliance fires, not least of which being from Beko and Bosch, questions are being asked about the way in whihc potentially life threatening product recals or safety notifications are handled by manufacturers and the UK regulators.