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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June Sales Up for OC Automakers

Two of the four Orange County-based automakers beat the national sales pace for new vehicles in June, according to New Jersey-based market researcher Autodata Corp.

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Hyundai to Sponsor NFL

Hyundai Motor America Inc. in Fountain Valley said it has become an official automotive sponsor of the National Football League.

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Cianna Medical Raises $4M

Aliso Viejo-based Cianna Medical Inc. has raised $4 million, according to a U.S. Securities and Exchange Commission filing.

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Ingram Micro Buys Two Companies

Santa Ana-based Ingram Micro Inc. has acquired two companies that add to its higher-margin and growing recycling and mobile services business.

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Taco Bell Parent Pursues India Franchise Deal

Irvine-based Taco Bell Corp.’s parent company plans to sell franchise rights in parts of India to three private equity firms, a news report in that country said.

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OC Auto Sales Up in May

Orange County auto dealers sold 14,596 vehicles in May, a 10.7% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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OC Auto Sales Up in May

Orange County auto dealers sold 14,596 vehicles in May, an 10.7% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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Fisker to Open Moreno Valley Plant

Costa Mesa-based Fisker Automotive and Technology Group said in a press release that its first U.S manufacturing plant for the relaunch of the Karma hybrid electric car will be in Moreno Valley.

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NuGene Disavows Stock Mailer

Shares in Irvine-based NuGene International Inc. fell 39% Thursday to $2.61 and a market capitalization of $103 million after the skincare products development company said yesterday that it had no affiliation with a 28-page mailer touting the stock, but the stock recovered some ground Friday morning.

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Irvine Firm to Makes Games for Oculus Rift

Irvine-based video game designer Ready at Dawn will be among the first companies to partner with Oculus VR Inc. on new gaming titles for the highly anticipated Oculus Rift headset that was unveiled today in San Francisco.

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Tech Hub Plans 100 Internships

Irvine-based technology non-profit The Portal plans to create 100 internships this year for college students to work in local startups and other businesses.

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$20.1M for Garden Grove Manufacturer

Pacific Wave Systems, Inc. a microwave component manufacturer in Garden Grove, fetched $20.1 million in a sale to Canada-based telecom systems manufacturer COM DEV International Ltd.

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Quiksilver Down on Quarterly

Shares of Quiksilver Inc. fell 38% to 77 cents and a market value of $131 million Tuesday, after it reported a dip in revenue for the second quarter and pulled guidance for the rest of fiscal 2015.

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Incipio Adds Tablet Keyboard Case Maker

Incipio Technologies Inc. in Irvine has acquired ClamCase LLC, a Michigan-based designer and manufacturer of keyboard cases for the iPad family of tablets.

Kia's Online Hola!

Automaker Hopes to Ride Telemundo’s Web Series to Sales Boost

Some 20% of new vehicles in the U.S. are sold to Latino-Americans, and Kia Motors America Inc. wants to be a household name in the fast-growing segment of the car market.