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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Toyota, Honda Top Declines In U.S. Auto Sales

January 5, 2009 12:20 pm | by Tom Krisher, AP Auto Writer | News | Comments

Japanese automakers’ sales fell more than their U.S. competitors in December, with Toyota’s sales off 37 percent and Honda down 35 percent.

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U.S. Steel Unit To Halt Pipe Production

January 5, 2009 11:10 am | News | Comments

Texas-based unit of United States Steel Corp. says it will stop making certain steel pipes used in the automotive and mining industries in an effort to focus on core businesses.

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BAE Receives Mine-Resistant Vehicle Parts Contracts

January 5, 2009 10:55 am | News | Comments

Military contractor BAE Systems said Monday it has received six U.S. Army contracts valued at $115 million for replacement parts for mine-resistant vehicles in Iraq.

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General Dynamics Acquires AxleTech

January 5, 2009 10:55 am | News | Comments

Defense contractor has completed its acquisition of AxleTech International, a manufacturer and supplier of vehicle parts for military, commercial and construction markets.

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Ex-Boeing Worker Gets 10 Months For Vandalizing Copter

January 5, 2009 10:45 am | News | Comments

Former Boeing assembly line employee will spend five months in prison and five months in home confinement for damaging a $24 million military helicopter.

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Caterpillar To Open New Plant In Arkansas

January 5, 2009 10:30 am | by Chuck Bartels, AP Business Writer | News | Comments

World's largest maker of construction and mining equipment said the plant, located in North Little Rock, will build motor graders and employ about 600 people.

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Porsche Ups VW Stake, Gets Indirect Control Of Scania

January 5, 2009 10:20 am | by Matt Moore, AP Business Writer | News | Comments

Automaker increased its stake in Volkswagen to more than 50 percent, giving it indirect control of truck maker Scania AB and requiring the company to make a mandatory takeover offer.

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Waterford Wedgwood Files For Bankruptcy Protection

January 5, 2009 9:00 am | by Jane Wardell, AP Business Writer | News | Comments

Classic crystal, china maker is the latest in a burgeoning list of iconic British companies to succumb to the global economic slowdown and credit squeeze.

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Bombardier Gets $2.1B Deal From German Railway

January 5, 2009 8:10 am | News | Comments

Deutsche Bahn, Germany's state-owned railway, has signed a framework agreement with Bombardier to buy 800 train cars in a deal with worth up to $2.1 billion.

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AK Steel Adds Surcharge To Steel Products

January 5, 2009 7:55 am | News | Comments

Company said Monday it will add a $165 per ton surcharge to electrical steel products shipped in February.

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Oshkosh Defense Contract Could Be Worth $1B

January 5, 2009 7:45 am | News | Comments

Contract with the Department of Defense to provide replacement parts for Oshkosh's military trucks could be worth as much as $1.12 billion over 10 years.

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Tyson Foods CEO Steps Down

January 5, 2009 7:40 am | News | Comments

World’s largest meat processor said President and Chief Executive Dick Bond will step down effective immediately.

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Recession To Cast Shadow Over CES Show

January 5, 2009 7:25 am | by Peter Svensson, AP Technology Writer | News | Comments

International Consumer Electronics Show, the largest trade show in the U.S., opens this week in Las Vegas, despite the pall of a recession hanging over the industry.

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WTO Chief Only Candidate For Next Term

January 5, 2009 5:20 am | News | Comments

World Trade Organization's incumbent Director-General Pascal Lamy is the sole candidate to lead the body for the next four years, officials said Monday.

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Amsted Rail To Cut Over 300 Jobs In Illinois

January 5, 2009 4:55 am | News | Comments

Steel company says it will lay off 363 employees at its mill in Granite City beginning Feb. 16.

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Wind Tower Manufacturer Cutting Back

January 5, 2009 4:55 am | News | Comments

DMI Industries says it's cutting back its work force, six months after the company announced a major expansion of its West Fargo, N.D. plant.

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Ssangyong Motor Gets $45 Million From China’s SAIC

January 5, 2009 4:35 am | News | Comments

Ailing South Korean automaker received $45 million from its Chinese parent Shanghai Automotive Industry Corp. to stave off a possible liquidity problem.

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Japanese Automakers Hope For U.S. Recovery

January 5, 2009 4:35 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japan's export-dependent automakers, battered by the slowdown in the U.S., expressed hopes for a turnaround and a strengthening dollar to fix the faltering global market.

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Chinese Manufacturing Declines In December

January 5, 2009 4:30 am | News | Comments

Manufacturing in China shrank for the third month as export demand fell, suggesting an economic slump is worsening despite government efforts to shield the country from global turmoil.

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PDL BioPharma, Alexion Settle Soliris Dispute

January 5, 2009 4:20 am | News | Comments

PDL claimed patent infringement in the dispute over the blood disorder drug Soliris; settlement was in a cash for rights exchange.

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