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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

EU OKs Sanofi-Aventis, Zentiva Deal

February 4, 2009 8:45 am | News | Comments

Sanofi-Aventis SA must sell off medicines in eastern Europe to win EU antitrust approval to buy the generic drug maker in a $2.3 billion deal, the European Commission said.

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Germans Get Paid To Crush Their Cars

February 4, 2009 8:24 am | by George Frey, AP Business Writer | News | Comments

Government paying people who junk old cars a bonus of $3,250 toward a new, environmentally cleaner vehicle, as part of a $67 billion government stimulus plan.

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Senate OKs Tax Break For New Car Buyers

February 4, 2009 7:45 am | by David Espo, AP Special Correspondent | News | Comments

Provision to the economic stimulus bill would allow many car buyers to claim an income tax deduction for sales taxes paid on new autos and interest payments on car loans.

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Garmin, ASUSTek Team Up On New Smart Phones

February 4, 2009 7:30 am | News | Comments

Navigational device maker is teaming up with a Taiwan-based manufacturer to get into the market for feature-rich mobile phones.

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Jobless Rates Rise In Most Metro Areas

February 4, 2009 6:35 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Unemployment rates moved higher in 98 percent of the nation's largest metropolitan areas, with Indiana's Elkhart-Goshen and Dalton, Ga., registering the biggest annual increases.

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Kia Motors Supplier Hiring 400 Workers In Georgia

February 4, 2009 6:30 am | News | Comments

Sewon America, a major supplier of stamped chassis and body components for the Kia Motors plant coming to West Point, Georgia, will start production later this year.

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BASF May Sell Leather, Textile Chemicals Business

February 4, 2009 6:14 am | News | Comments

German chemical company said it is considering selling off its leathers and textiles chemicals unit, which has seen low market growth and high competitive pressure.

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Goodrich Scales Back 2009 Outlook

February 4, 2009 5:18 am | News | Comments

Aircraft parts maker on Wednesday cut its 2009 profit forecast, citing updated pension expense expectations and the uncertain global economic environment.

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China Could Dominate Auto Market

February 4, 2009 5:10 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

China likely overtook the U.S. in vehicle sales for the first time last month, a trend that could make China into the world's largest auto market this year.

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N.Y. UAW Workers Reject Contract

February 4, 2009 5:06 am | News | Comments

Seventy-six percent of the union members at the New Process Gear plant voted 'no' to a package of concessions, putting about 1,400 jobs in jeopardy.

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Hundreds In N.Y. Protest Lead Regulations

February 4, 2009 5:05 am | by Verena Dobnik, Associated Press Writer | News | Comments

Garment workers, small-business owners and manufacturers rallied in front of Macy's flagship store to protest a new anti-lead law they say will cost them jobs and profits.

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Panasonic Slashes 15,000 Jobs

February 4, 2009 5:03 am | by Yuri Kageyama, AP Business Writer | News | Comments

World's largest maker of plasma display TVs will cut up to 15,000 jobs and shut 27 plants worldwide, joining a slew of major Japanese companies announcing deep cuts.

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Mitsubishi Projects First Annual Loss In 3 Years

February 4, 2009 4:55 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Automaker said its group net loss will amount to $672.96 million in the fiscal year through March 2009; Mitsubishi earlier projected a net profit of $224.32 million.

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Generic Drug Maker Sentenced For Illegal Imports

February 4, 2009 4:35 am | News | Comments

Owner of Hi-Tech Pharmaceuticals was sentenced Tuesday to four years in prison for importing millions of dollars worth of unauthorized generic drugs sold on the Internet.

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Chinese Economy May Be Headed For Turnaround

February 4, 2009 4:34 am | News | Comments

Key indicator of China's manufacturing improved in January, a business group said Wednesday, fueling hopes an economic decline might be bottoming out.

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Honda Changes Up North American Exec Roles

February 4, 2009 4:30 am | News | Comments

American Honda Motor Co. said John Mendel will take over as executive vice president of auto sales, replacing Richard Colliver who will become a senior advisor.

Lockheed: F-22 Funding Would Save Jobs

February 4, 2009 4:23 am | by Stephen Manning, AP Business Writer | News | Comments

Defense contractor building the F-22 fighter jet said thousands of jobs would be lost if President Obama decides not to continue funding for the advanced but costly plane.

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Goodyear Planning To Cut Production

February 4, 2009 4:20 am | News | Comments

Tire and rubber company says it needs to cut costs because of slumping tire sales and plans to reduce the amount of tires available by adjusting tire production at factories.

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Mazda Expects Loss For Fiscal Year

February 4, 2009 4:18 am | by Jay Alabaster, Associated Press Writer | News | Comments

Automaker lowered its forecast to a $144.4 million net loss over the fiscal year through March, and slashed its sales target 15 percent.

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China Investing $85B In Power Industry

February 4, 2009 4:10 am | News | Comments

Beijing’s power companies step up investments in nuclear and wind power to meet growing demand and boost economic growth as part of a multibillion-dollar stimulus plan.

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