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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Hyundai Union Approves Revised Deal

September 26, 2008 5:17 am | by Kelly Olsen, AP Business Writer | Comments

Unionized workers at Hyundai Motor approved a revised wage package following a series of partial strikes that cost the Korean automaker hundreds of millions of dollars.

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Report: China To Cut Iron Ore Imports

September 26, 2008 5:11 am | Comments

China to cut back on iron ore imports due to a pricing issue, which has long been a point of contention between Beijing and its foreign raw materials suppliers.

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Trimble Navigation To Buy Germany’s Toposys

September 26, 2008 5:10 am | Comments

Navigation and surveying device maker said Friday that it agreed to acquire TopoSys GmbH, a German provider of aerial data collection systems, in an all-cash deal.

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GM Ends Second Shift At Louisiana Plant

September 26, 2008 5:05 am | Comments

Second shift at the General Motors truck assembly plant in Shreveport, La., has ended, eliminating the jobs of 798 employees and leaving the payroll at less than 800.

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Japan Boosts Food Import Inspections

September 26, 2008 5:04 am | by Mari Yamaguchi, Associated Press Writer | Comments

Food products from 12 Asian countries and territories with a record of importing milk products from China were added to a watch list for special inspections in Japan.

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Foster's Acting CEO To Take Top Job

September 25, 2008 10:50 pm | Comments

Brewer and winemaker has appointed Ian Johnston to head the company after serving as acting CEO for about three months.

Deal Near On $700B Financial Bailout Plan

September 25, 2008 1:30 pm | by Julie Hirschfeld Davis, Associated Press Writer | Comments

Lawmakers have cleared away key obstacles to the record rescue, agreeing to include widely supported limits on pay packages for executives whose companies benefit.

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UPDATE: Lawmakers Reach Financial Bailout Agreement

September 25, 2008 12:55 pm | by Julie Hirschfeld Davis, Associated Press Writer | Comments

Warned of possible financial panic, lawmakers reported agreement Thursday on a $700 billion bailout of the financial industry and will present it to the Bush administration in hopes of a vote within days.

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GE Slashes Forecast

September 25, 2008 12:10 pm | by Stephen Singer, AP Business Writer | Comments

General Electric, a bellwether of the U.S. economy, warned that its GE Capital unit would face 'difficult conditions' that are unlikely to improve soon.

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GM Announces New Volt Engine Plant

September 25, 2008 11:56 am | by Tom Krisher, AP Auto Writer | Comments

Automaker says it will build a new factory in Flint, Mich., to make four-cylinder engines for the Chevrolet Volt electric car and other models.

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FKI Logistex Appoints Two Directors

September 25, 2008 11:36 am | by Edited by Manufacturing.net Staff | Comments

Company appointed Eric Rice to Director, Technical Supports, and promoted Thomas Klercke to Director, Sortation Services & Support.

Wagoner: GM Weighing Plant Cuts

September 25, 2008 11:14 am | by Tom Krisher, AP Auto Writer | Comments

General Motors CEO said the automaker is still studying further cuts in engine, stamping and transmission plants to correspond with plant cuts it already has announced.

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GM: $25 Billion Gov't Loan Will Go To Good Use

September 25, 2008 11:11 am | by Tom Krisher, AP Auto Writer | Comments

Wagoner said many of the loan program's specifics still must be written by the U.S. Department of Energy, but GM can live with the version the House approved Wednesday.

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Terra Nova Shoes Expands Plant

September 25, 2008 8:40 am | Comments

Major footwear manufacturer in Harbour Grace, Newfoundland has completed a plant expansion that will add about 50 new positions to the current workforce of 170.

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Delphi Nearing Agreement Over GM Support

September 25, 2008 8:35 am | Comments

Auto parts maker has changed a tentative agreement on how much General Motors will contribute to help it emerge from bankruptcy.

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Allen-Vanguard Cutting 100 Jobs

September 25, 2008 8:25 am | Comments

Maker of bomb-disabling technology, blast suits and other extreme-hazard gear said Thursday it will eliminate 15 percent of its total workforce in a cost-cutting restructuring.

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Bombardier Ends Talks For Russian Railway Stake

September 25, 2008 8:24 am | Comments

Transportation giant ended talks to buy a stake in Russian railway locomotive manufacturer Transmashholding, apparently because of a disagreement over the price.

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Razor Recalls Chinese-Made Scooters

September 25, 2008 8:19 am | by The Associated Press | Comments

About 103,000 Chinese-made Razor scooters were recalled Thursday after four people received cuts that required tendon surgery.

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Medtronic To Buy CryoCath For $380 Million

September 25, 2008 8:16 am | Comments

Medical device maker said Thursday it will buy Cryocath in a move to expand its treatment portfolio for heart conditions, including abnormal heart rhythms.

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PPG Industries To Buy BASF Unit

September 25, 2008 8:15 am | Comments

Company said Thursday it agreed to acquire BASF’s North American coil and extrusion coatings business for undisclosed terms.

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