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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Automakers Search For Lifeline As Bailout Dies

December 12, 2008 4:40 am | by Ken Thomas and Julie Hirschfeld Davis, Associated Press Writers | Comments

GM and Chrysler, which have said they could run out of cash within weeks, have few options left after the Senate rejected a $14 billion bailout for the domestic auto industry.


GM Penny-Pinching To Survive

December 12, 2008 4:35 am | by Tom Krisher, AP Auto Writer | Comments

General Motors is saving every cent it can, from shutting down escalators at night to limiting workers' choice of pens, in case it needs to fight to survive beyond year's end.


Chrysler: Cash Will Run Short In January

December 12, 2008 4:30 am | by Tom Krisher, AP Auto Writer | Comments

Automaker is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.


Sharp Cuts Jobs, Production In Japan

December 12, 2008 4:25 am | by Yuri Kageyama, AP Business Writer | Comments

Electronics maker said Friday it is cutting 380 jobs at its Japanese plants and shuttering some assembly lines making flat panels to cope with the global slowdown.


Wholesale Prices Fall 2.2 Percent

December 12, 2008 4:00 am | by Jeannine Aversa, AP Economics Writer | Comments

Producer Price Index fell in November for the fourth month in a row, raising fresh fears that wholesale prices will keep on dropping and lead to a dangerous bout of deflation.


Boeing To Restructure Commercial Aircraft Unit

December 11, 2008 11:15 am | Comments

Aerospace company restructuring its commercial aircraft operations to improve development and production, as it strengthens oversight of its global supply chain.

Toro Recalls 900,000 Blowers Over Possible Hazards

December 11, 2008 10:25 am | Comments

Lawn care equipment maker has issued a voluntary recall of about 900,000 Toro Power Sweep Electric Blowers due to potential hazards from projectiles.


Auto Rescue Unsure Amid GOP Opposition

December 11, 2008 10:10 am | by Julie Hirschfeld Davis and Ken Thomas, Associated Press Writer | Comments

House-passed bill to speed $14 billion in loans to Detroit's automakers stands on shaky ground, undermined by Republican opposition that could derail the emergency aid in the Senate.


Volvo Trucks To Cut U.S. Production

December 11, 2008 10:05 am | by David Dishneau, Associated Press Writer | Comments

Swedish truck and bus maker said Thursday it is laying off some U.S. workers, furloughing others and throttling back on engine and transmission production due to slow sales.


Congressmen Try To Save RV Industry

December 11, 2008 9:39 am | Comments

Two northern Indiana congressmen are asking the federal government to help the nation's struggling recreational vehicle industry.


American Axle Forms Chinese Joint Venture

December 11, 2008 9:36 am | Comments

Auto parts supplier said Thursday it will launch a joint venture with China's JAC Group to manufacture and sell automobile parts for the Chinese market.


Stanley Works Axes 2,000 Jobs

December 11, 2008 9:26 am | by Dan Strumpf, AP Business Writer | Comments

Tool maker says it plans to cut about 10 percent of its work force and close three manufacturing facilities, citing weakness in its construction and industrial segments.


Sweden Unveils $3.4 Billion Auto Aid Plan

December 11, 2008 9:13 am | by Louise Nordstrom and Malin Rising, Associated Press Writers | Comments

Plan offers credit guarantees, emergency loans and research funds to boost companies in the 'Swedish automotive cluster,' the government said, following pleas from Volvo and Saab.


TrinityRail Closing Mo. Plant

December 11, 2008 8:23 am | Comments

Freight rail-car manufacturer and a division of Dallas-based Trinity Industries plans to close a Springfield plant and lay off 228 workers.


Unemployment Claims Jump More Than Expected

December 11, 2008 7:05 am | by Christopher S. Rugaber, AP Economics Writer | Comments

Labor Department reported applications for jobless benefits rose to 573,000 from 515,000 in the previous week, far more than the 525,000 claims economists expected.


October U.S. Trade Deficit Rise A Surprise

December 11, 2008 6:55 am | by Martin Crutsinger, AP Economics Writer | Comments

Analysts had expected the deficit to decline to $53.5 billion from September’s imbalance of $56.6 billion, but it rose instead to $57.2 billion the Commerce Department reported.


EU Alleges Power Transformer Maker Cartel

December 11, 2008 6:49 am | Comments

Regulators charged several makers of electricity generation equipment, including Siemens AG, Areva and Swiss engineering group ABB, with forming a price-fixing cartel.


MeadWestvaco Unit Closing Dutch Plant

December 11, 2008 6:10 am | Comments

MWV AGI Media, a subsidiary of MeadWestvaco Corp., plans to close a plant in the Netherlands that makes paper-based packaging for the media and entertainment industry.


Sara Lee Plans To Outsource, Cut Jobs

December 11, 2008 6:08 am | Comments

Company said Thursday it will cut 700 jobs as it outsources parts of its business to bring between $200 million and $250 million in savings in the next three years.


Toyota Cuts Production At W. Virginia Plant

December 11, 2008 6:05 am | Comments

Japanese automaker is adding at least six non-production days at its Buffalo, W.Va., engine and transmission plant.



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