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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

GM Unit Extends Plant Shutdown

November 25, 2008 5:17 am | Comments

South Korean unit of General Motors said Tuesday it will extend a planned production shutdown due to weakening demand for autos overseas.


Consumer Confidence Rises Unexpectedly In November

November 25, 2008 5:08 am | by Anne D'Innocenzio, AP Business Writer | Comments

Conference Board says Consumer Confidence Index stands at 44.9, up from 38.8 in October, which was the lowest level since 1967.


Economy Shrinks In Third Quarter

November 25, 2008 5:00 am | by Alan Zibel, AP Business Writer | Comments

Commerce Dept. reports economy shrank more than expected in the third quarter, further proof the country is almost certainly in the throes of a painful recession.


Philips Cutting 1,600 Jobs

November 25, 2008 4:57 am | Comments

Royal Philips Electronics NV said Tuesday it plans to cut 1,600 jobs at its health care division in response to a global economic slowdown.


Maine Paper Company Laying Off 250

November 25, 2008 4:55 am | Comments

NewPage paper company says it will temporarily lay off about 250 employees at its Rumford mill starting Dec. 8.


Nissan Pulls Out Of Detroit, Chicago Auto Shows

November 25, 2008 4:40 am | by Dan Strumpf, AP Auto Writer | Comments

Automaker said Monday it is withdrawing from the Detroit and Chicago auto shows, citing the tough economy and the lack of new vehicles to unveil.


BHP Billiton Backs Out Of Rio Tinto Bid

November 25, 2008 4:31 am | by Rohan Sullivan, Associated Press Writer | Comments

World's biggest mining company abandoned a hostile $68 billion takeover of rival Rio Tinto, blaming the global economic downturn and plunging commodity prices.


Mitsubishi Fuso Cutting 500 Temp Positions

November 25, 2008 4:30 am | Comments

Cutback is in line with the truck and bus maker's plan to reduce truck production beginning in December amid falling global sales due to the current financial crisis.


China, U.S. Discuss Economic Risks

November 25, 2008 4:16 am | by Gillian Wong, Associated Press Writer | Comments

Top officials from China and the U.S. will meet for high-level economic talks next week in Beijing as both countries grapple with the worst global downturn in decades.


Iowa Wants Agriprocessors Bankruptcy Case

November 25, 2008 4:15 am | by Amy Lorentzen, Associated Press Writer | Comments

Bankruptcy case for a kosher meatpacking company accused of labor violations at its Iowa plant should be heard in that state, Iowa's labor commissioner said.


Hyundai Focuses On Emerging Markets

November 25, 2008 4:10 am | Comments

South Korean carmaker will concentrate on developing countries and the small-car market next year as the global downturn weakens demand, a top executive said.


Apple Sued Over iPhone Patent Infringement

November 25, 2008 4:10 am | Comments

EMG Technology filed a lawsuit that alleges Apple infringed on a patent that involves the way the iPhone navigates the Internet.


German Consumer Confidence Rises Despite Recession

November 25, 2008 4:01 am | by Geir Moulson, Associated Press Writer | Comments

Consumer confidence has defied country's slide into recession to rise slightly, as falling fuel prices and an industrial wage deal help boost workers' income outlook.


Michelin Temporarily Shuts Down Romanian Factories

November 25, 2008 3:55 am | Comments

French tire maker said Tuesday it will temporarily close its Romanian factories until further notice due to a drop in demand for tires amid the global economic crisis.


Oregon Looks To Become Electric Car Leader

November 25, 2008 3:50 am | Comments

Fresh from his Asian trade mission, Gov. Ted Kulongoski said that Oregon could be a prime market for the region's electric-only cars.


Obama Plans $500B Economic Rescue Package

November 25, 2008 3:48 am | by Julie Hirschfeld Davis, Associated Press Writer | Comments

Congressional Democrats and President-elect laying groundwork for quick enactment of a two-year economic rescue package that will total about a half-trillion dollars.


Delfin To Expand S.C. Plant, Add 160 Jobs

November 25, 2008 3:45 am | Comments

Petroleum product manufacturer says it will expand its North Charleston plant, adding 160 jobs over the next several years.


Ford Tops Safe Car List

November 25, 2008 3:43 am | by Ken Thomas, Associated Press Writer | Comments

Automaker and its Volvo subsidiary had 16 vehicles on the Insurance Institute for Highway Safety's list of the safest new cars, helped by the increased use of anti-rollover technology.


Bush Meets With Paulson On Economic Crisis

November 24, 2008 12:30 pm | by Jennifer Loven, AP White House Correspondent | Comments

President gathering with Treasury chief and other Cabinet members Monday to talk about U.S. response to global economic crisis, including a rescue of Citigroup.


Obama Begins To Set Economic Course

November 24, 2008 5:30 am | by Beth Fouhy, Associated Press Writers | Comments

Eager to calm economic anxieties, Obama is rolling out an economic vision that will require congressional cooperation even before he settles into the White House.



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