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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Unemployment Brings Down Leading Indicators

July 21, 2008 1:06 pm | News | Comments

Conference Board says its index of leading economic indicators fell in June as factories cut workers' hours and stocks tumbled.

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Horizon Lines Names Director of Investor Relations, Corp. Communications

July 21, 2008 12:00 pm | News | Comments

Domestic ocean shipping and integrated logistics company today named James R. Storey Director of Investor Relations and Corporate Communications.

U.S. Investigating '07-'08 Hyundai Elantras

July 21, 2008 11:53 am | News | Comments

Government is investigating 2007-2008 model year Hyundai Elantra compact cars after receiving reports of engine stalling, officials said.

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Ford Marks Model T’s 100th Birthday

July 21, 2008 11:25 am | News | Comments

First low-priced car available to the masses marks its 100th anniversary at a time when Americans are faced with high gas prices and the U.S. auto industry is struggling with plant closings and layoffs.

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Ford Offers More Buyouts To Mich., Ohio Plants

July 21, 2008 11:15 am | by Jeff Karoub, AP Business Writer | News | Comments

Automaker is giving hourly workers at 17 facilities another round of buyout and early retirement offers in an ongoing effort to match production with slumping sales.

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Former U.S. Partner Sues Chery Auto

July 21, 2008 11:10 am | by Dan Strumpf, AP Business Writer | News | Comments

Visionary Vehicles' lawsuit accuses China's Chery Automobile of defrauding the company after the two formed a joint venture to import Chinese cars to the U.S.

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Schaeffler Raises Continental Bid

July 21, 2008 11:07 am | News | Comments

Germany's Schaeffler KG adjusted its takeover offer for larger auto parts maker Continental AG, citing a new calculation of the bigger company's recent average share price.

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Manufacturers Plan Expansions In Arkansas

July 21, 2008 11:03 am | News | Comments

One manufacturer in Fort Smith is moving its headquarters to the city, and another is to build a new manufacturing plant.

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MeadWestvaco, Bilcare Buying Packaging Company

July 21, 2008 6:43 am | News | Comments

Health care packaging company teamed with India-based Bilcare Ltd. to buy International Labs of St. Petersburg, Fla.

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Celanese Adding Surcharge To Acetate Products

July 21, 2008 6:40 am | News | Comments

Chemical company announced surcharges of 25 cents per kilogram for acetate filter-tow products for all regions, effective Aug. 1.

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Analysts: Roche Bid For Genentech Too Low

July 21, 2008 6:39 am | News | Comments

Roche's $43.7 billion bid to takeover Genentech may be too low, several analysts said, and investors seemed to agree, driving shares well above the value of the buyout offer.

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AK Steel Invests $21 Million In Pennsylvania

July 21, 2008 6:28 am | News | Comments

Board of directors approved a $21 million capital investment to expand production of high-valued, grain-oriented electrical steels at its Butler, Pa., facility.

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China Holdings To Buy Precision Machinery Firm

July 21, 2008 6:00 am | by Edited by Manufacturing.net Staff | News | Comments

Bright World Precision Machinery Limited, a Chinese manufacturer of metal stamping machines, will be acquired by Chinese Holdings for approximately $263 million.

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Latrobe Specialty Steel Workers Agree On Contract

July 21, 2008 5:50 am | News | Comments

Labor dispute that began May 1 at Latrobe Specialty Steel is ending now that workers have narrowly approved a contract.

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Consumers Change Spending Habits, But Will It Last?

July 21, 2008 5:35 am | by Anne D'Innocenzio, AP Business Writer | News | Comments

Retailers, marketers and investors are all trying to figure out which habits shoppers will keep and which will they drop when the economy recovers.

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WTO Rules Against China In Car Parts Dispute

July 21, 2008 5:25 am | by Bradley S. Klapper, Associated Press Writer | News | Comments

World Trade Organization agreed with the U.S., EU and Canada that China was breaking trade rules by taxing auto parts imports at the same rate as foreign-made finished cars.

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VW Global Sales Up Nearly 6 Percent

July 21, 2008 5:19 am | by George Frey, AP Business Writer | News | Comments

Volkswagen said it achieved record global sales in the first half of the year on strong demand in India, Russia and China, delivering nearly 3.3 million vehicles.

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Norwalk Furniture Idles Two Plants

July 21, 2008 5:16 am | News | Comments

Furniture maker has suspended operations at plants in Ohio and Tennessee, due to a slowing economy and changes in the furniture industry.

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Food Factory To Close In New Mexico

July 21, 2008 5:15 am | News | Comments

Proper Foods factory that freezes and packs food in Deming, N.M., will be closing, affecting about 130 employees.

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InBev's Brito A 'No-Frills' Leader

July 21, 2008 5:05 am | by Aoife White, AP Business Writer | News | Comments

Carlos Brito, chief executive of brewer InBev SA, says he doesn't care for perks -- and neither should the people who work for him.

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