Italian automaker informed unions this week that 1,800 white-collar workers will be temporarily laid off for the first week of February, and 1,500 during the second week.
Passenger jet deliveries nose dived last fall as a strike froze Boeing’s commercial aircraft factories, and that disruption is expected to dent the company’s overall tally for 2008.
FDA says melamine and a byproduct cyanuric acid have been detected in four of 89 containers of infant formula made in the U.S., doubling previously reported positive results.
Transportation Department said that automakers' recent financial problems will require the next administration 'to conduct a thorough review of matters affecting the industry.'
Last month, Cessna laid off 665 employees and is now planning a second round of layoffs as the slowing economy affects orders for new planes.
Automaker is recalling more than 240,000 trucks in Ohio and 19 other cold weather states to fix a problem that could prevent front air bags from deploying in a crash.
Massive leak of molten glass has shut down a new technologically advanced bottle factory that was built for the growing Pacific Northwest wine industry.
World’s third-largest aluminum maker is cutting roughly 13 percent of its global work force by the end of the year as it slashes costs in the face of a deteriorating world economy.
French automaker plans to cut the night shift at its plant in Eastern France from the beginning of February to cope with falling sales, a spokesman said.
Infineon, STMicro and NXP were among several chip makers raided by EU antitrust investigators seeking evidence of a cartel that fixed prices of chips for bank and identity smart cards.
South Korean automaker said Wednesday it is cutting work hours at its Czech Republic plant because of falling European car demand.
While the recession figures to tone down the flashiness of this week’s International Consumer Electronics Show, new innovative products likely will measure up to those of past years.
General Motors has canceled plans to build the Pontiac G8 sport truck that was scheduled to go on sale this year, saying the vehicle didn't fit with the company's vision for Pontiac.
Automaker's U.S. division paid a $28.9 million fine in December for violating federal fuel efficiency requirements, the government said Tuesday.
Under the rules, new industrial plants -- as well as existing ones that modify operations in ways that increase emissions -- will have to install state-of-the-art pollution controls.
Automaker to delay the start of production at its first plant in Argentina for more than six months in latest move to cope with a plunge in sales amid a deepening global downturn.
U.S. arm and other affiliates of chemical giant LyondellBasell Industries have filed for bankruptcy as the recession continues to weaken demand for its products.
Korea Automobile Manufacturers Association says production fell 6.4 percent from 2007 to 3.83 million vehicles; production last declined in 2001.
World's largest brewer said Tuesday it plans to close Stag Brewery, a historic 600-year-old brewery on the banks of the river Thames in London.
Jobless rate was up from 7.1 percent in November, Federal Labor Agency said, as 3.102 million people were registered unemployed last month in Europe's biggest economy.