Panasonic is making a major push to sell its home appliances in Europe, it said on Tuesday, betting that energy-efficient washing machines and refrigerators can pry open consumers’ wallets. Panasonic is already well-established as a white goods manufacturer in Asia, is hoping environmentally-cons…
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LG Recall US Fridges To Correct Wrong Energy Rating
LG Electronics has offered to make in-home modifications on French door refrigerator models that were improperly certified as Energy Star compliant in the United States. Under terms of an agreement with the United States Department of Energy (DOE), LG will also compensate owners, modify unsold in…
Gorenje To Seek Government Bail Out!
Gorenje the appliance maker that’s Slovenia’s second-biggest exporter, said it needs government aid soon to weather the economic slump after demand fell as much as 90 percent in parts of eastern Europe. “Gorenje is paying more than 50 million euros ($64 million) of tax to state coffers every mont…
Fisher & Paykel To Seek Government Bail Out To Avoid Bankruptcy
Industry rumours suggest that Fisher & Paykel Appliances may be on the verge of asking the New Zealand government to bail them out after it reported record losses and suffered a massive drop in value last week on the New Zealand stock market. However New Zealand Shareholders’ Association chai…
Dyson Wins In Court Over Samsung Patent Infringement
A British court has ordered South Korean electronics company Samsung to pay British company Dyson a likely £590,000 for trying to patent the vacuum cleaner maker’s triple-cyclone technology. A year ago, unlisted Dyson took Samsung to court to revoke two British patents of its three-cyclone …
Whirlpool Subpoenaed In Anti-Trust Case
Whirlpool Corp. said it received a grand jury subpoena for documents related to a U.S. Department of Justice antitrust investigation into the global compressor industry. Authorities also visited Whirlpool Corp. subsidiaries in Brazil and Italy Tuesday seeking similar information, according to a p…
Gorenje Comments On Financials & Future Goals
Slovenian appliance maker the Gorenje Group said that despite the economic slowdown, the company is adapting and ensuring its long-term health. CEO Franjo Bobinac said, “In [the] first two months of this year the level of orders is lower by 20 to 25% compared to the same period of last year. That…
Production Restarts At Antonio Merloni
Production at Antonio Merloni’s (Servis UK/Electra) plants in Fabriano will resume from the 16th to 20th February at Santa Maria and Maragone. Reports indicate that there will only be four of five work days, as initially estimated and, the staff that it will come recalled are reported to be aroun…
Hotpoint’s Bodelwyddan Factory In Doubt
THE future of the Indesit/Hotpoint washing machine factory in Bodelwyddan may be under review. The company’s European Works Council will meet at their headquarters in Peterborough this Thursday.
Electrolux To Close Refrigerator Factory In Changsha
Electrolux said it will close its low-end refrigerator manufacturing facilities in Changsha in central China’s Hunan province. The move is in-line with the company’s repositioning as a vendor of high-end products, said Gunilla Nordstrom, the company’s newly appointed China president.