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Nikola Under the Microscope

New report alleges fraud, executive corruption; CEO resigned Monday Where there’s opportunity, there’s those who position to take advantage of it. Unfortunately these days, it seems the opportunist pool is diluted with corrupt motivations. The latest example of alleged, intricate corporate fraud—taking advantage of a promising good technology, reportedly—comes from electric truck manufacturer Nikola. Hindenburg […]

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Recognition for Motors, Money

Sarah Lauber of Douglas Dynamics wins Wisconsin Award An executive with considerable experience in the industrial electric motor industry won mainstream recognition this week. Douglas Dynamics, the Milwaukee manufacturer and upfitter of work truck attachments and equipment, announced Monday that Sarah Lauber was named among the Milwaukee Business Journal’s 2020 Chief Financial Officer of the […]

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Transformation on Track

ABB’s 2019 results show a resilient, versatile company weathering the storm ABB has been through the storm, weathered the storm, at the eye of the storm…pick your meteorological phrase. Executive shuffle, repurposing of businesses and branches, mergers and acquisitions—all have occurred at the Swiss-based tech-industrial conglomerate during the chaotic decade that was the 2010s. Through […]

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ISM Report

A manufacturing record punctuates sector’s hot streak The Institute of Supply Management, headquartered in Tempe, Arizona, released its latest report on American economic activity, and it contains a manufacturing record that punctuates the sector’s recent hot streak. According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in August, […]

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Sheboygan Scheme

Embezzlement exposed at Wisco motor repair/rebuild business  A former office manager at a Sheboygan, Wisconsin-based electric motor repair and rebuild business pleaded guilty last Friday to embezzling more than $430,000 from the company over a two-year period from 2011 to 2013. Lynette Lomibao entered a guilty plea in the U.S District Court for Eastern Wisconsin […]

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Business conditions deteriorated in August, but EBCI panel sees possible improvement

The latest Electroindustry Business Confidence Index (EBCI) results suggest the North American electroindustry remained in a “soft patch” in August, according to the National Electrical Manufacturers Association (NEMA), the Rosslyn, Va. association of electrical equipment manufacturers who produce power transmission and distribution equipment. The EBCI for current North American conditions slipped to 35.7 from 38.6 […]

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Pump Systems Matter announces management briefing on pump systems performance webinar

Pump Systems Matter (PSM) has announced an upcoming management briefing on pumps systems performance and the impact on bottom-lines. The webinar is slated for Wednesday, June 20 at 1:00 P.M. EDT and it will last approximately one hour. The session will be taught by William Livoti of GIW Industries. The management briefing is intended for decision […]

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