Domestic Appliance Industry News

All the latest news from the domestic appliance industry that we find all over the world and stories that are of interest to the trade and public.

ScottishPower is one of a number of parties which may find itself being sued in the wake of the collapse of warranty insurer Powerplan.
ATLANTA (Reuters) - Home appliance maker Whirlpool Corp. on Wednesday said its third-quarter profit rose 4 percent, boosted by purchases of its higher-priced laundry and kitchen products.
Cites Strong Sales in North America & Europe

BENTON HARBOR, Mich.--(BUSINESS WIRE)--Oct. 22, 2003--Whirlpool Corporation (NYSE:WHR) today announced third-quarter 2003 net earnings of $105 million, or $1.48 per diluted share, compared to $101 million, or $1.46 per diluted share, in the same period last year.

LONDON, October 21 (New Ratings) - Analysts at Dresdner Kleinwort Wasserstein reiterate their "hold" rating on Electrolux (ELX). The target price is set to SEK177.

STOCKHOLM, Sweden -- Electrolux AB, the world's largest maker of household appliances, posted a 38 percent decline in third-quarter profit largely because of a drop in demand and fluctuating exchange rates.

A washing machine that jammed on a spin cycle sparked a fire that destroyed a listed 17th century farmhouse, causing £1 million of damage, the High Court was told yesterday.

Steel and appliance makers are joining battle against bacteria with antimicrobial doorknobs and coffee makers and there is even a gleaming bug-free house on a hillside near Los Angeles to show what the future may hold in store.

American consumers seem to see "Made in China" wherever they go. The United States imported $141.8 billion worth of goods from China in the year to August, almost twice as much as five years earlier. From toys to T-shirts and industrial components most Americans never see, Chinese imports seem to be flooding U.S. markets.

STOCKHOLM, Sweden, Oct. 21, 2003 (PRIMEZONE) -- Electrolux (Nasdaq:ELUX): The evaluation of a plant in the U.S., mentioned earlier today in the Group's nine-month report, refers to the refrigerator factory in Greenville, MI. The plant has weak financial performance and other production sources are being considered, including a move to Mexico.

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