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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Britain's PM Brown Talks Jobs With Unions

January 12, 2009 9:29 am | by David Stringer, Associated Press Writer | News | Comments

Anticipating hundreds of thousands of job losses, Prime Minister offered employers new incentives to hire and pledged new funds to train those who lose their posts.


GE, China Firm Enter Wind Power Deal

January 12, 2009 9:25 am | News | Comments

General Electric subsidiary and A-Power Energy Generation Systems Ltd. sign two letters of intent: one for a supply deal and a second for a joint venture partnership.


Federal Reserve: Weak Economy Ahead

January 12, 2009 9:21 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Country's economic health is 'very weak' and is likely to stay that way at least through the first six months of this year, a Federal Reserve official said Monday.


Chinese Automakers Face Road Blocks To U.S. Sales

January 12, 2009 9:16 am | by David Runk, Associated Press Writer | News | Comments

Automakers looking to make the jump to the U.S. market face a global financial crisis that has slowed growth and sapped the potential for partnerships to ease their expansion.


GM Says It May Need More Government Money

January 12, 2009 7:30 am | by Tom Krisher, AP Auto Writer | News | Comments

General Motors’ COO said Monday that the automaker presented a worst-case scenario to Congress in which it would need more money than the $13.4 billion allocated.


Don Laux New Colson Caster President

January 12, 2009 7:30 am | by Edited by Staff | News | Comments

Laux takes over immediately for Chuck Bub who announced in November that he would be retiring after more than 5 years as company president.

Ford Aims For Electric Car By 2011

January 12, 2009 7:28 am | by Kimberly S. Johnson, AP Auto Writer | News | Comments

Automaker planning to put a fully electric car in showrooms by 2011 that will get up to 100 miles on a single charge as part of a plan to bring more hybrids and electric cars to market.


Rio Tinto Alcan Chief To Retire

January 12, 2009 6:55 am | News | Comments

Chief executive of Rio Tinto Alcan Dick Evans will retire on April 20 after the company's annual general meetings.


Wyeth, Santaris Reach Development Agreement

January 12, 2009 6:50 am | News | Comments

Danish drugmaker Santaris Pharma and Wyeth Pharmaceuticals said Monday they have entered a multimillion dollar agreement to develop new medicines.


Report: Global Auto Sales To Continue Slide In 2009

January 12, 2009 6:40 am | News | Comments

CSM research report projected 2009 global sales would fall about 8 percent to 56.8 million units in 2009, but would rise nearly 7 percent to 60.8 million units in 2010.


Barnes Group Names CFO

January 12, 2009 6:05 am | News | Comments

Aerospace and industrial component maker named Christopher J. Stephens Jr. as chief financial officer and senior vice president of finance.

Conference Board: Economy Could Lose 2 Million Jobs

January 12, 2009 5:48 am | by Edited by Staff | News | Comments

According to the group's Employment Trends Index, total nonfarm employment fell by more than 2.5 million in 2008, with another 2 million in job losses possible in 2009.


Abbott Labs To Buy Advanced Medical

January 12, 2009 5:20 am | News | Comments

Medical products and drug maker said Monday it is buying Advanced Medical Optics Inc. for about $1.36 billion plus debt to expand its eye-care offerings.


Embraer Delivers 204 Jets In 2008

January 12, 2009 5:15 am | News | Comments

Brazilian plane maker says it delivered 204 jet planes last year, a 21 percent increase over the 169 jets delivered to buyers a year earlier.


Kennametal To Cut 1,200 Jobs

January 12, 2009 5:14 am | News | Comments

Latrobe, Pa.-based manufacturer of metal-cutting tools and highway construction equipment says it will cut 1,200 jobs, which will save about $100 million.


Lear Corp. Union Members Vote To Reopen Contract

January 12, 2009 5:10 am | News | Comments

Canadian Auto Workers at Lear’s Kitchener plant have voted to re-open their collective agreement in an effort to attract more business.


U.S. Automakers Try To Regain Footing At Detroit Show

January 12, 2009 4:38 am | by Tom Krisher and Bree Fowler, AP Auto Writers | News | Comments

Ford, GM, and Chrysler tried to prove to consumers and taxpayers that they are new and improved as they rolled out new vehicles at the North American International Auto Show.


China Plans To Build $1.2B Helicopter Factory

January 12, 2009 4:30 am | News | Comments

Aviation Industry Corp. of China is building the factory in Tianjin, east of Beijing, and should produce its first helicopter this year, the Xinhua News Agency said.


Medtronic Buys Ablation

January 12, 2009 4:25 am | News | Comments

Medical device maker said Monday it is buying privately held Ablation Frontiers Inc. for $225 million to expand its portfolio of treatments for abnormal heart rhythm.


French-Romanian Carmaker Dacia Stops Production

January 12, 2009 4:20 am | News | Comments

Carmaker announced temporary closure of a Romanian plant Monday just hours after it reopened following a month long production halt.



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