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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Nov. Trade Deficit Drops Nearly 29 Percent

January 13, 2009 4:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Commerce Department reported Tuesday that the trade deficit narrowed to $40.4 billion in November, a 28.7 percent decline from October's deficit of $56.7 billion.

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Sony May See First Operating Loss In 14 Years

January 13, 2009 4:46 am | by Yuri Kageyama, AP Business Writer | News | Comments

Even premier brands are struggling amid a global slowdown as reports swirl Sony could sink into an operating loss as sales fizzle for digital cameras and flat-panel TVs.

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GM Says No More Ad Cuts

January 13, 2009 4:45 am | News | Comments

Automaker’s top U.S. marketing executive said he does not foresee further big cuts in its sports sponsorships as it balances a cash shortage with the need to market its products.

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Michigan Governor: More Auto R & D Funding Needed

January 13, 2009 4:35 am | News | Comments

Gov. Jennifer Granholm says the federal government needs to invest more in research and development for auto-related alternative energy technologies such as the batteries for electric cars.

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South Korean Automaker Halts Production

January 13, 2009 4:35 am | by Kelly Olsen, AP Business Writer | News | Comments

Ailing Ssangyong Motor halted vehicle production amid difficulty obtaining parts while its union said it had voted in favor of a strike.

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Parents To Reject China's Fatal Formula Payout Plan

January 13, 2009 4:30 am | by Gillian Wong, Associated Press Writer | News | Comments

Over 200 Chinese parents whose babies were sickened or killed by tainted milk plan to reject a compensation plan because it is limited and does not cover enough children.

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Hutchinson Technology Cutting 1,380 Jobs

January 13, 2009 4:25 am | News | Comments

Job cuts are deeper than expected as disk drive parts maker eliminates 30 percent of its workforce.

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Honda Of S.C. To Halt Production For 3 Months

January 13, 2009 4:15 am | News | Comments

Maker of all-terrain vehicles and personal watercrafts will stop production during the months of March, April and May but said it will not lay off employees during that time.

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British Retailers Post Dismal December Results

January 13, 2009 4:11 am | by Pan Pylas, AP Business Writer | News | Comments

Britain's retailers suffered their worst December in at least 14 years, as like-for-like retail sales slumped 3.3 percent from the previous year.

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Peugeot Citroen Sales Fall In 2008

January 13, 2009 4:04 am | by Greg Keller, AP Business Writer | News | Comments

France's largest automaker sold 3.26 million vehicles last year, down 4.9 percent from 3.43 million in 2007.

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Airbus, Boeing Facing Tough 2009

January 12, 2009 12:18 pm | by Emma Vandore, AP Business Writer | News | Comments

Both plane makers face production challenges in getting their delayed flagship jets to airline customers who are eager to put newer, less fuel-hungry jets into service.

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Elma Electronic Acquires ACT/Technico

January 12, 2009 10:50 am | by Edited by Manufacturing.net Staff | News | Comments

Global manufacturer of electronic packaging products announced Monday that it had acquired ACT/Technico of Warminster, Penn.

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Mexican Auto Production Up 4 Percent

January 12, 2009 9:54 am | News | Comments

Mexico's auto industry association says production rose 4 percent in 2008 as a rise in exports to Canada, Europe and other Latin American countries helped offset plummeting U.S. sales.

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VW Planning Hybrid, Diesel Cars

January 12, 2009 9:50 am | by Ken Thomas, Associated Press Writer | News | Comments

Volkswagen AG said it plans to build hybrid and diesel versions of a future successor to the Jetta sedan, an unnamed midsize sedan and two other vehicles under development.

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Cessna Cutting 2,000 Jobs

January 12, 2009 9:50 am | News | Comments

Plane maker said work force reductions will be implemented across the Wichita-based company's facilities and affect all pay categories.

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New Toyota Prius To Get 50 MPG

January 12, 2009 9:40 am | by David Runk, Associated Press Writer | News | Comments

Highly anticipated 2010 Prius unveiled at the North American International Auto Show gets an average of 50 miles to the gallon -- a 4 mpg improvement over the current model.

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Campbell Named New NAM Chairman

January 12, 2009 9:33 am | by Edited by Manufacturing.net Staff | News | Comments

Michael Campbell, president and CEO of Arch Chemicals, became chairman of the Board of Directors of the National Association of Manufacturers on January 1, 2009.

GM Picks LG Chem For Chevy Volt Batteries

January 12, 2009 9:30 am | by Tom Krisher, AP Auto Writer | News | Comments

Lithium-ion battery cells will be made in Korea, but they will be assembled into battery modules and packs at a factory in Michigan.

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VW Chattanooga Plant On Schedule

January 12, 2009 9:30 am | by Bill Poovey, Associated Press Writer | News | Comments

CEO of Volkswagen's planned assembly plant in Chattanooga said the $1 billion project is on schedule and 2011 remains the target for the start of production.

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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.

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