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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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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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