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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M-Flex CFO Resigns

Multi-Fineline Electronix Inc. Chief Financial Officer Tom Liguori has resigned to pursue other opportunities, the Irvine-based printed circuit board maker announced after the close of intraday trading.

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Allergan Laying Off 577 in Irvine

Allergan Inc., now a business unit of drugmaker Actavis PLC, will lay off 577 workers in Irvine, according to a state filing.

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Wet Seal Sale Final

Mador Lending LLC completed the acquisition of Wet Seal Inc., the affiliate of Philadelphia-based Versa Capital Management LLC announced Wednesday.

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Los Al Aerospace Company Acquired

Los Alamitos-based Alliance Spacesystems LLC, which manufactures composite structures for the aerospace industry, was acquired by SolAero Technologies Corp., an Albuquerque, N.M.-based solar panels maker.

Signs of Fresh Start for Fisker

AUTOS: Company circles April 20 amid buzz about new name, model

It appears April 20 will mark another milestone in the tumultuous run of the Fisker brand.

How to Unchain Your Dragon

Apparel Maker’s Ambitions Tied to Costa Mesa HQ, China Production

Dragon Crowd Garment Inc. relocated its headquarters three years ago from downtown Los Angeles to Costa Mesa to be closer to a bunch of OC-based customers, including Oakley Inc., Vans Inc., Quiksilver Inc. and Pacific Sunwear of California Inc.

Broad Range for UCI’s Push on Innovation

EDUCATION: Blueberries to microchips, toothpaste

The $5 million in seed funding that Newport Beach-based Beall Family Foundation provided for the University of California-Irvine’s new Institute for Innovation is bearing commercial fruit.

Aitken on Angels; Segerstom Memorial; OC-China Update

Anyone who doubts Wylie Aitken’s will probably hasn’t seen him in a court of law.

Pac Life Offers ‘Swell’ Idea for Younger Investors

FINANCE: ‘Cause-themed’ portfolios include big givers

Pacific Life Insurance Co. has rolled out a research subsidiary that’s targeting younger people with the prospect of adding an element of social consciousness to their portfolios.

ReShape Gets Pass on FDA Panel for Obesity Device

HEALTHCARE: Could get final approval for market in June

A San Clemente-based medical device maker cleared a big regulatory hurdle and landed on a faster track to commercialization.

Toshiba Unit in Irvine All Over New Arena in Vegas

MARKETING: Joins Coke as “co-founding partner”

Toshiba America Business Solutions Inc.’s sponsorship of AEG and MGM Resorts International’s $375-million Las Vegas Arena comes with the sort of perks that are in the spotlight lately.

New Executives at Top for Kia Motors

Kia Motors America Inc. in Irvine named Jang Won Sohn president and chief executive to replace Byung Mo Ahn, who will become a company adviser.

Autobytel Brings ‘Digital Concierge’ to Scion Website

Has Stake in Firm That Developed Technology

Online car shopping does not have to be a solitary experience, according to folks at Autobytel Inc.

Apple Nears Samsung at Top of Broadcom’s List

Brisk iPhone, Phablet Sales Account for $1.4B

Record sales of the iPhone 6 and 6 Plus helped push Apple Inc. last year to the cusp of overtaking Samsung Electronics Co. as Broadcom Corp.’s largest customer.

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New Execs for Kia

Kia Motors America Inc. in Irvine has named Jang Won Sohn president and chief executive to replace Byung Mo Ahn, who will become a company advisor.