General Motors is considering a bid of $12.5 billion to $13 billion led by New York private-equity firm Kohlberg, Kravis & Robers for the financing division, General Motors Acceptance Corp. (GMAC) according to a report from the Wall Street Journal.
The United Auto Workers president says negotiations on buyouts and wage cuts between Delphi and the union are still far apart as the March 30 deadline appraches.
According to the Steel Business Briefing, China's trade surplus in steel and steel products in 2005 should continue.
The European Union (EU) has advised the World Trade Organization (WTO) today that it would reintroduce trade sanctions against the U.S. unless it complies with a ruling condemning tax breaks for domestic companies operating overseas.
California's new $3.2 billion solar-power rebate package is starting to have an effect.
Kia Motors and Georgia state officials announced that the South Korean automaker will build a $1.2 billion prodution facility in West Point, Georgia.
Fuji Heavy Industries and Toyota Motor Corp. announced plans to produce approximately 100,000 Toyota Camry models at Fuji's Indiana plant. The two companies will also team up on hybrid technology.
New survey reports that employers are hiring foreign nationals to alleviate U.S. skill shortages
Even though the Supply Chain Reference model (SCOR) is widely used as tool to benchmark “best-in-class” management practices and standard metrics, it falls short of providing a performance management framework a company can use to link supply chain improvements to its strategic goals.
OSHA and the International Warehouse Logistics Association (IWLA) have renewed their alliance for another two years to help improve worker safety and health. These improvements will focus on the areas of forklift operations, materials handling, and hazard communications and chemical safety.
A public-private partnership will help reduce emissions that deplete the ozone layer and contribute to climate change. EPA and the Air-Conditioning and Refrigeration Institute announced an initiative that promotes the environmentally responsible use of fluorocarbon refrigerants in the annual manufacture of more than 8 million residential and commercial air conditioning units and refrigeration systems.
Vice President for International Economic Affairs for the National Association of Manufactures, Frank Vargo, commented that "our manufacturers goods trade deficit also rose to an all-time high of $44 billion, up 11% from $39.5 billion in January 2005" upon the release of the overall trade deficit numbers by the U.S. Commerce Department.
Pressure from customers, regulatory agencies, and shareholders is driving manufacturers to produce higher quality products as they continue to strive for additional cost reductions.
There aren’t enough candidates to fill America’s manufacturing jobs and the situation only promises to get worse. In fact, a recent study conducted by the Accelerator Group determined that the state of Michigan alone will experience a shortage of 334,000 skilled workers by 2012.
Lean manufacturing became an industry standard several years ago as a result of the successful implementation at Toyota and other Japanese manufacturers.
Many small and midsize enterprises (SMEs) mistakenly believe that the scale and power of their IT solutions should be in direct proportion to the size of their companies.
For top number-cruncher Qiu Xiaohua, China's biggest economic achievement last year was not its 9.9 percent growth rate but the 9.7 million jobs it created, according to a Reuters report.
Boeing has reported that the Asia-Pacific region will need approximately 7,200 new commercial airplanes over the next 20 years. Valued at $770 billion, it will become the largest market outside North America.
New NAM taskforce will focus on reducing health care costs
The chief U.S. negotiator in free trade talks with South Korea, Assistant U.S. Trade Representative Wendy Cutler, said she was under orders to conclude an agreement by the end of 2006 good enough for lawmakers in Washington to accept.