Indesit Reports 2005 Results

Indesit Company reported sales in the last quarter of 2005 reached 841 million euros (approx. U.S. $1.003 billion), up 3.5 percent on the fourth quarter of 2004. Growth in the fourth quarter enabled the company to make up ground lost in the first half of the year, bringing sales in 2005 to 3.064 …

Bosch Sales Up in 2005

The Bosch Group said 2005 sales rose by just under five percent to some 42 billion euros (approx U.S. $50 billion). Bosch also recorded a slight increase in earnings. Bosch (Stuttgart, Germany) is a global manufacturer of automotive and industrial technology, building technology and consumer good…

Electrolux washing machine output slows because of strike at AEG unit

Electrolux AB’s AEG unit is suffering from delivery bottlenecks at its washing machine operations as a result of a strike at the unit’s facility in Nuremberg, Germany, the IG Metall union said. As a result, AEG is no longer able to fulfil orders from major retailers, said Juergen Wechsler, the st…

Maytag reports wider loss than expected

Maytag has today reported a fourth-quarter loss that widened fivefold compared to a year ago due to restructuring and merger charges related to its pending takeover by rival Whirlpool. Maytag said it was considering selling its poor performing vacuum-cleaner business, including the Hoover brand t…