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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

LG Electronics Says It Won’t Cut Domestic Workers

February 9, 2009 4:15 am | by Kelly Olsen, AP Business Writer | News | Comments

CEO of LG Electronics said it will avoid laying off any of its 30,000 workers in South Korea, but suggested there may be some job losses overseas.

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Report: France Giving Over $7 Billion To Automakers

February 9, 2009 4:09 am | by Emma Vandore, AP Business Writer | News | Comments

Newspaper reports say loans will last five years and include conditions such as halting layoffs and suspending factory closures in France over the duration of the loans.

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China: No Protectionism In Stimulus

February 9, 2009 4:04 am | by Joe McDonald, AP Business Writer | News | Comments

Beijing to avoid 'Buy China' measures in its stimulus plan, rejecting protectionist limits like those contemplated by Washington that prompted an outcry by U.S. trading partners.

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OAO AvtoVAZ Resumes Production

February 9, 2009 3:59 am | News | Comments

Russia's largest car maker said Monday it has resumed production at its main factory despite a payment dispute with suppliers that kept it idle for two days.

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Germany's Schaeffler Renews Plea For Gov't Aid

February 9, 2009 3:54 am | by George Frey, AP Business Writer | News | Comments

Ball bearing and car parts maker said it still needs financial help from the government to see it through 'massive difficulties' since its takeover Continental AG.

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Pfizer CEO: Wyeth Merger Necessary To Grow

February 6, 2009 12:15 pm | by Linda A. Johnson, AP Business Writer | News | Comments

Pharmaceutical giant’s chief has spent two years transforming Pfizer into smaller, entrepreneurial research and marketing units, making the companies easier to combine.

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Intermodal Transportation: A Green Way To Ship

February 6, 2009 11:00 am | by Amanda Earing, News Editor | Articles | Comments

By Amanda Earing, News Editor, Manufacturing.netIntermodal transportation has come a long way in the past 20 years. Railways are now more secure, economical, consistent with deliveries and environmentally-friendly.

Obama: Jobless Data Demands Action

February 6, 2009 10:20 am | by Philip Elliott, Associated Press Writer | News | Comments

President decried as ‘inexcusable and irresponsible’ the delay of economic recovery legislation with an estimated 3.6 million Americans losing their jobs since the recession began.

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Airbus Cancellations Surpass Deliveries

February 6, 2009 10:14 am | News | Comments

European plane maker said Friday that it took more cancellations in January than it booked orders as airlines curb spending amid the economic crisis.

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Freight Carriers Predict Rough 2009

February 6, 2009 10:10 am | by Samantha Bomkamp, AP Transportation Writer | News | Comments

Sliding demand and stiffer competition for customers promise to make 2009 another tough year for the nation's freight carriers.

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Unemployment Rate Soars To 7.6 Percent

February 6, 2009 7:23 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and far worse than the 524,000 that economists expected.

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Mercedes-Benz Sales Plunge In January

February 6, 2009 6:15 am | News | Comments

Daimler said Friday that its core Mercedes-Benz Cars division saw sales plummet by 31 percent in January from the same month last year as the economic crisis chilled demand.

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Russia's OAO AvtoVAZ Halts Production

February 6, 2009 5:50 am | by Nataliya Vasilyeva, AP Business Writer | News | Comments

Country’s largest automaker said Friday it has halted production indefinitely because it is short of car parts.

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Italy Paying New Car Buyers $1,900

February 6, 2009 5:30 am | News | Comments

Government approved $1,900 payments to new car buyers who trade in older, polluting models, becoming the latest nation to try to boost the struggling auto industry.

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Toyota Heading For First Annual Loss Since 1950

February 6, 2009 5:25 am | by Yuri Kageyama, AP Business Writer | News | Comments

World's largest automaker sank into the red for the October-December quarter and expects a net loss of $3.85 billion for the year through March.

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Corning Sees Turnaround For LCD Glass Demand

February 6, 2009 5:20 am | News | Comments

World's largest maker of liquid-crystal-display glass expects demand to rebound in the second quarter, boosting full-year sales ahead of expectations.

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Attorney: Federal Auto Aid Only A Temporary Fix

February 6, 2009 5:05 am | by Kimberly S. Johnson, AP Auto Writer | News | Comments

Government loans given to GM and Chrysler are only a stopgap measure, said an attorney hired by the Treasury Department to advise it on how to aid the ailing automakers.

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Volvo Posts 4Q Loss

February 6, 2009 4:59 am | News | Comments

Swedish truck maker said it swung to a $120 million loss, hurt by a steep fall in demand, the costs of production cutbacks and more expensive raw materials.

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Thai Gov't Won't Bail Out General Motors

February 6, 2009 4:56 am | by Jay Alabaster, Associated Press Writer | News | Comments

Prime Minster said government will not provide funds to cash-strapped GM after it asked for help in paying for a new factory and expanded production in the country.

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Chrysler Urging Dealers To Order More Cars

February 6, 2009 4:55 am | by Tom Krisher, AP Auto Writer | News | Comments

Dealers said Chrysler executives told them that they needed to order 15,000 more cars and trucks by Monday to meet the government loan goal of 78,000 vehicles in February.

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