Maytag to compensate owners of Neptune washers

Exract from Consumer Reports Maytag’s Neptune front-loading washer has proven trouble-prone over the years, with a repair rate significantly worse than that of any other front-loader brand we’ve evaluated, according to our annual reliability survey.

Merloni reports positive 3rd quarter results

Oct 27, 2004: European appliance maker Merloni Elettrodomestici announced that it expects to close 2004 with a substantial increase in sales volumes and market shares and with profit margins in line with expectations.

Electrolux to build Dishwasher Plant in Poland

Electrolux to Build Dishwasher Plant in Poland Oct 27, 2004 Swedish home appliance giant Electrolux AG announced plans to build a U.S. $25-million plant in Poland that will produce dishwashers primarily for export to other European countries.

Merloni’s Tumble Dryer production

Merloni Taps UK Facility as “Center of Excellence” Oct, 2004 Italian white goods maker Merloni has tapped its North Wales, UK tumble dryer production facility at Yate near Bristol, as its worldwide center of excellence for tumble dryer production.

Trader Loses “No Call Out Charge” Cases

On the 4th of this month a trader, Premier Electrics of Southampton lost it’s case with the Advertising Standards Authority over advertising a “No Call Out Charge” to customers. The ASA have ruled that this is misleading advertising and may well set a president for our industry which heavily adve…

Maytag 3Q profits slump nearly 80 percent

Maytag Corporation reported today that its third quarter earnings fell almost 80 percent from a year earlier as restructuring costs, higher steel prices and lower sales on Hoover floor care products have also taken a toll on the company.

Commodity costs spark Whirlpool revision

Benton Harbor, Mich.-based Whirlpool said it plans to raise prices for its goods by 5 percent to 10 percent in most key markets around the world, including the U.S., and to take measures to boost productivity. “We believe our actions in total will enable us to overcome these significant cost incr…

Whirlpool Declares Quarterly Dividend

The Board of Directors of Whirlpool Corporation (NYSE: WHR), at a meeting held today, declared a quarterly dividend of 43 cents per share on the common stock of the Company. The dividend is payable December 15, 2004, to holders of common stock of record at the close of business on November 18, 2004.