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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Hynix Working To Raise Capital

December 8, 2008 5:20 am | by Kelly Olsen, AP Business Writer | Comments

South Korean chipmaker is looking to raise up to $690.6 million and is in no immediate danger, but its cash position could come under pressure if industry conditions do not improve.


Ford Idles Russian Plant

December 8, 2008 5:18 am | Comments

Automaker will halt production at its sole Russian assembly plant for one month as the financial crisis dents consumers' demand for cars, a company official said.


China Mulls Plans To Boost Economic Growth

December 8, 2008 5:10 am | by Joe McDonald, AP Business Writer | Comments

Beijing considers proposals to boost exports, cut income taxes and inject government money into slumping Chinese stock markets amid signs an economic slowdown is worsening.


Oil Prices Rise As OPEC Hints At Cutback

December 8, 2008 5:08 am | by Pablo Gorondi, Associated Press Writer | Comments

Crude prices bounced off four-year lows to trade above $43 as OPEC's president suggested it could surprise investors with a large production cut later this month.


SSAB To Cut 1,300 Jobs

December 8, 2008 4:55 am | Comments

Swedish steel maker will cut about 14 percent of its work force because of rapidly falling demand for steel, the company said Monday.


Ford: GM, Chrysler Can't Go Bankrupt

December 8, 2008 4:42 am | Comments

Chief Executive Alan Mulally says a bankruptcy filing by General Motors or Chrysler would drag Ford and industry suppliers into bankruptcy.


Indiana Cities: Auto Bailout Needed For Survival

December 8, 2008 4:40 am | Comments

Mayors of two Indiana cities heavily dependent on manufacturing say auto bailout is needed to prevent widespread unemployment and major losses in their communities.


Daimler May Cut Hours, Slow Production

December 8, 2008 4:37 am | Comments

Automaker is considering cutting working hours at all its plants in Germany, widening plans to slow production as demand drops.


Sen. Dodd: GM Head Should Step Down

December 8, 2008 4:35 am | by Philip Elliott, Associated Press Writer | Comments

Christopher Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, said Sunday that the head of General Motors, Rick Wagoner, 'has to move on.'


UK Manufacturers See Costs Fall

December 8, 2008 4:26 am | Comments

Office for National Statistics said prices at the factory gate -- also known as output prices -- fell by 0.7 percent in November due to sliding oil prices.


Chinese Auto Sales Slide In November

December 8, 2008 4:20 am | by Elaine Kurtenbach, AP Business Writer | Comments

China's passenger car sales fell 10.3 percent in November from a year earlier as stalling economic growth sapped consumer confidence, state media reports said.


Chinese Court RefusesTainted Milk Lawsuit

December 8, 2008 4:12 am | by Henry Sanderson, Associated Press Writer | Comments

Court refused to accept lawsuit filed against a Chinese dairy by families whose children were sickened or killed by tainted milk, lawyers involved in the case said.


Lawmakers At Odds Over Big Three Bailout

December 5, 2008 12:45 pm | by David Espo, AP Special Correspondent | Comments

An agreement on legislation to save Detroit's automakers is a hefty undertaking when there are several competing options afloat, each with its own set of supporters.


MetoKote Announces New Director

December 5, 2008 11:25 am | Comments

Provider of protective coating applications to a wide variety of industries announced the recent addition of Michael Cooper as Director, Asia Pacific OE Manufacturers.

Smithfield Foods, Union Near Vote

December 5, 2008 9:25 am | by Emery P. Dalesio, AP Business Writer | Comments

Caustic 16-year effort to unionize world's largest hog slaughterhouse -- a journey that's included disputed elections and immigration raids -- is quietly headed toward an end next week.


Gentex Cutting 400 Jobs

December 5, 2008 9:20 am | Comments

Auto parts supplier is laying off about 15.4 percent of its work force in response to steep drops in vehicle sales and production.


Analyst Questions Boeing's Output

December 5, 2008 9:13 am | Comments

Cowen analyst said Boeing's November commercial deliveries were four aircraft, surprisingly low considering that plant workers approved a new contract Nov. 3.


General Motors Cutting 2,000 More Jobs

December 5, 2008 9:10 am | by Tom Krisher, AP Auto Writer | Comments

GM says it will lay off about 2,000 more factory workers early next year as the U.S. auto sales slump continues to wreak havoc on domestic automakers.


Mercedes' Sales Drop 25 Percent In November

December 5, 2008 8:00 am | Comments

German automaker Daimler AG said Friday that sales in its Mercedes-Benz Cars group dropped more than 25 percent in November to 84,500 vehicles worldwide.


Unemployment Rate Surges To 6.7 Percent

December 5, 2008 7:20 am | by Jeannine Aversa, AP Economics Writer | Comments

Employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.



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