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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

EU Official: No Rush For Car Subsidies

November 21, 2008 5:07 am | by Raf Casert, Associated Press Writer | News | Comments

European Union's competition chief said Friday that Germany and France should avoid entering a global 'subsidy race' to bail out the ailing car industry.

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Survey: Euro-Zone Economy Declining

November 21, 2008 5:05 am | by Pan Pylas, AP Business Writer | News | Comments

Downturn in the euro-zone economy, particularly within the manufacturing sector, gathered pace in November amid mounting recession fears and the deepening financial crisis.

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GE Capital: Deal With ZAP Cars Didn't Exist

November 21, 2008 4:50 am | News | Comments

Lending subsidiary of General Electric says reports it had pulled out of a project to build an electric car manufacturing plant in Kentucky are false.

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Maserati, Ferrari Riding High As Economy Falls

November 21, 2008 4:49 am | by Dan Strumpf, AP Auto Writer | News | Comments

Sales of high-end luxury cars are bucking the trend of plummeting car sales, and their makers and industry watchers are confident they will weather the industry downturn.

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PepsiCo Investing Up To $3B In Mexico

November 21, 2008 4:40 am | News | Comments

Maker of Frito-Lay's and Pepsi said Thursday it plans to invest up to $3 billion in Mexico in the next five years to grow its beverages and food brands Sabritas and Gamesa there.

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Dell Still Sees Opportunities In Asia

November 21, 2008 4:34 am | by Erika Kinetz, AP Business Writer | News | Comments

Computer maker plans to keep investing in Asia even as its sales growth in China slows, the computer maker's regional president said Friday.

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Ford Germany: Can Survive Without EU Bailout

November 21, 2008 4:32 am | News | Comments

Chief of Ford's German unit, said that while the company can survive without a bailout from the German state, it hopes the EU will help the ailing auto industry with a loan package.

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Honda Cuts Global Output

November 21, 2008 4:27 am | News | Comments

Japan's second-largest automaker will reduce annual production by more than 140,000 vehicles worldwide, as it continues to grapple with slowing global demand.

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Anheuser-Busch Names New Executives

November 21, 2008 4:20 am | News | Comments

Maker of Bud Light and Budweiser, now a subsidiary of Anheuser-Busch InBev since the $52 billion deal closed on Tuesday, has named its new leadership team.

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Report: 215,000 German Jobs In Jeopardy

November 21, 2008 4:18 am | News | Comments

German economy could lose up to 215,000 jobs in 2009 amid the global economic crisis, Germany's Bild newspaper said Friday, citing a survey it compiled.

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UAW: Inaction On Bailout 'Not An Option'

November 20, 2008 12:00 pm | News | Comments

United Auto Workers union president urged lawmakers to act immediately on loans for U.S. automakers, saying one or more of them could collapse by the end of the year without it.

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Congress Stalls Bailout, Wants Big 3's Business Plans

November 20, 2008 10:11 am | by Ken Thomas and Julie Hirschfeld Davis, Associated Press Writers | News | Comments

Democratic leaders sidetracked legislation to bail out the auto industry and demanded the Big 3 develop a plan assuring the money would make them economically viable.

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VW Jetta TDI Named 'Green Car Of The Year'

November 20, 2008 10:05 am | by Dan Strumpf, AP Auto Writer | News | Comments

Green Car Journal named Volkswagen's 2009 Jetta TDI as the ‘Green Car of the Year’ at the Los Angeles Auto Show on Thursday, making it the first clean-diesel vehicle to win the prize.

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Viasystems Milwaukee Closing Plant

November 20, 2008 10:01 am | News | Comments

Company says it will close its Oak Creek manufacturing and distribution plant next year, resulting in the loss of 238 jobs.

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Paulson: Crisis Happens Once In 100 Years

November 20, 2008 9:52 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Treasury Secretary said financial crisis plaguing the world is a 'once or twice' in a 100 years event, as he warned against imposing too-strict regulations to prevent a repeat.

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Volkswagen Promises More Efficient Cars

November 20, 2008 8:36 am | News | Comments

Europe's biggest automaker said Thursday it will focus on keeping competitive amid the financial crisis and pledged to build more efficient cars.

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Auto-State Senators Try To Revive Bailout

November 20, 2008 8:32 am | by Ken Thomas, Associated Press Writer | News | Comments

Bipartisan group reached a last-ditch compromise Thursday to throw Detroit's Big Three a government lifeline worth billions, but the plan faces an uphill battle.

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Brunswick Names Chairman For Hatteras Collection

November 20, 2008 8:28 am | News | Comments

Boat maker Brunswick Corp. said Thursday that William Naumann will come out of retirement to become chairman of its Hatteras Collection.

Fed: Economic Woes Will Persist Into Next Year

November 20, 2008 8:25 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Pounded by a fierce financial crisis, the country is sinking deeper into economic despair, with problems likely to stretch well into next year.

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GM Shares Soar After Historic Low

November 20, 2008 8:15 am | News | Comments

Shares of General Motors soared in afternoon trading, reversing the morning's historic plummet, on news of a deal that could result in a financial bailout of the automaker industry.

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