Newcor to close Troy, Mich., plant

BLOOMFIELD HILLS, Mich. (Jan. 16)—Newcor Inc. will close its Technologies Division in Troy, Mich., and transfer production to other plants in the state. The majority of the facility's work and about 100 employees will be moved to the Machine Tool & Gear Division in Corunna, Mich., the company said. Newcor said the consolidation will save money related to maintaining and managing two facilities, but did not disclose how much it anticipates saving or when the Technologies Division will close.