Orange County Business Journal

MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Hyundai to Pay Penalty for Failing to Report Defect

Hyundai Motor America said it will pay a $17.4 million civil penalty and comply with the National Highway Traffic Safety Administration’s oversight requirements for failing to report in a timely manner a braking system defect that affected Hyundai Genesis vehicle model years 2009 to 2012.

By Mediha DiMartino August 8, 2014 10 a.m.   Share
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PE Firm Backs Water Treatment Company

Anaheim Hills-based investment firm Metrix Capital Group LLC has provided an undisclosed amount of growth capital to Superior Water Technologies Inc. in Irvine.

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PacSun Results Up, Shares Down

Pacific Sunwear of California Inc. beat analysts’ expectations for the fourth quarter, which ended Jan. 31, before its stock fell about 2% to $2.82 and a market value of about $195 million in midday trading Thursday

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Kia to Sell Soul EV Beyond California

Irvine-based Kia Motors America Inc. will start selling its Soul EV in Georgia, Texas, Oregon, Washington and Hawaii, a move that comes a few months after the launch of the electric vehicle in California.

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Kofax Sells for $1B

Shares of Kofax Ltd. soared in afterhours trading today after the Irvine-based software maker announced it would be sold for $1 billion to Lexmark International Inc. in Lexington, Ky.

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Auto Dealer Sales Up in 2014

Automotive dealers in Orange County combined for $11 billion in sales last year, a 10% increase over 2013, according to the Newport Beach-based Orange County Automobile Dealers Association’s 2014 Economic Impact Report.

OC Drones On

Newfangled Flying Machines Figure Into Local Landscape

Within hours of capturing a pair of gray whales recently in an early morning swim, Dana Wharf Sportfishing & Whale Watching had the video posted on YouTube and emailed to subscribers of its digital newsletter.

Microsemi’s $389M Buy Includes Ticket to Internet of Things

TECHNOLOGY: Picks up new technology to offer chip customers

Microsemi Corp.’s latest acquisition highlights how far the company has come in a diversification effort that has taken the Aliso Viejo-based chipmaker from an aerospace and defense specialist to innovator in several fields, with a new toehold on the industrial side of the budding Internet of Things market.

Clock Ticks as Startup Drug Maker Seeks Lifeline

HEALTHCARE: BK filing follows several loan defaults

Irvine-based AtheroNova Inc. is searching for a buyer willing to extend the cash-strapped startup’s existence as it reviews early data on its effort to develop drugs to fight atherosclerosis, or hardening of the arteries.

Clean Energy Gains as Infrastructure Plan Slows

ENERGY: Q4 profit follows focus on fleets, less building

Clean Energy Fuels Corp. may have finally found a clearer path to profitability as it reins in construction costs for a nationwide plan it forged four years ago to dot major highways with natural-gas fueling stations.

Panasonic Avionics to Add Specialist

Lake Forest-based Panasonic Avionics Corp. is set to acquire a satellite communication services provider with headquarters in Australia, operations around the globe, and a specialty of working in extreme conditions.

Ingram Micro Buys in South America

Santa Ana-based Ingram Micro Inc. said it bought businesses in Peru and Chile from Clearwater, Fla.-based Tech Data Corp., on undisclosed terms.

Win-Win for Mophie, Dog Rescue Group at SXSW

Recharge Batteries With St. Bernard Group

Mophie executed a clever social media stunt at the South by Southwest Music Conference and Festival that wrapped up over the weekend in Austin, Texas.

Olloclip, Peri Get Exclusive With Amazon Exclusives

Cut Select Products With Big-Box Retailers

Irvine startup Peri Inc. and Huntington Beach-based olloclip were handpicked to distribute a limited number of products on Amazon.com Inc.’s newly launched marketplace, but the designation carries some interesting stipulations: namely, cutting ties for those products with Wal-Mart, Costco, Target and other big-box retailers.

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Ceradyne Founder Moskowitz Dies

Joel Moskowitz, cofounder of Costa Mesa-based Ceradyne Inc., has died, according to a report in the Los Angeles Times.

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Kia Recalls Soul Cars

Irvine-based Kia Motors America Inc. has recalled 208,858 of its Soul and Soul EV models due to an issue with the gas pedal, according to the National Highway Traffic Safety Administration.