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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

South Korea: Global Crisis Choking Exports

December 19, 2008 6:05 am | by Kelly Olsen, AP Business Writer | Comments

President Lee Myung-bak warned Friday that the global economic slowdown is choking off his country's exports and told workers they must sacrifice to keep their jobs.


Chrysler Drops Chief Marketing Officer

December 19, 2008 5:28 am | Comments

Automaker says it is eliminating the job of chief marketing officer, with Deborah Meyer stepping down effective immediately.


Oil Prices Rise After Sharp Drop

December 19, 2008 5:23 am | by Pablo Gorondi, Associated Press Writer | Comments

Crude prices up slightly after a sharp decline overnight as investors weighed the impact of the global economic slowdown on demand against oil producers' decision to slash output.


Automakers Thankful For Loan

December 19, 2008 5:19 am | Comments

Chrysler and General Motors say they appreciate the $17.4 million loan program announced by President George W. Bush and that the deal will preserve many jobs.


Japan Expects Zero Growth In Fiscal 2009

December 19, 2008 5:15 am | by Mari Yamaguchi, Associated Press Writer | Comments

Japanese economy will shrink this fiscal year and will manage only flat growth the following year, the government said Friday, underlining looming fears about a global recession.


Ohio Governor: Bailout Opponents ‘Playing With Fire’

December 19, 2008 5:00 am | Comments

Gov. Ted Strickland tells Ohio media outlets that lawmakers who rejected the bailout for U.S. automakers are mostly looking to settle old scores, putting American manufacturing at risk.


Production Ends At Delaware Chrysler Plant

December 19, 2008 4:50 am | Comments

Final Dodge Durango is expected to roll off the assembly line Friday at Chrysler's Newark assembly plant, putting the remaining 1,100 employees out of work.


Chinese Manufacturing Center Gets Overhaul

December 19, 2008 4:36 am | by William Foreman, Associated Press Writer | Comments

China wants to move weak, labor-intensive factories to the interior, which would turn the Guangdong province into the country's auto maker and its Silicon Valley.


Caterpillar Lays Off Illinois, N.C. Workers

December 19, 2008 4:35 am | by Daniel Lovering, AP Manufacturing Writer | Comments

World's largest maker of construction and mining equipment said it will lay off employees in Illinois and North Carolina as economic turmoil dampens demand for its products.


Chinese Workers End Standoff With Police

December 19, 2008 4:30 am | by William Foreman, Associated Press Writer | Comments

Standoff at a suitcase factory is the latest unrest arising from layoffs, poor working conditions and slashed wages in China, where thousands of companies have gone bust recently.


Alcatel Sells Defense Contractor Stake For $2.3 Billion

December 19, 2008 4:27 am | Comments

Telecommunications equipment maker agreed to sell its remaining 21-percent stake in defense contractor Thales SA to plane maker Dassault Aviation for $2.3 billion.


Panasonic Buys Sanyo For $9 Billion

December 19, 2008 4:15 am | by Yuri Kageyama, AP Business Writer | Comments

Takeover of Japanese rival Sanyo creates one of the world's biggest electronics companies, which Panasonic hopes will help it weather the toughest business conditions in a century.


Bush Considers 'Orderly' Auto Bankruptcy

December 18, 2008 12:39 pm | by Jennifer Loven, AP White House Correspondent | Comments

President said anew that he is worried about 'putting good money after bad,' meaning taxpayer dollars shouldn't be used to prop up companies that can't survive the long term.


Maple Leaf Foods Settles Listeriosis Lawsuit

December 18, 2008 10:20 am | Comments

Maple Leaf Foods will have to pay out up to $23 million after the company was linked to contaminated meat products that caused a listeriosis outbreak linked to 20 deaths in Canada.


Irish Find High Dioxin Levels In Beef

December 18, 2008 10:16 am | Comments

Ireland found much higher levels of cancer-causing dioxins in cattle than previously forecast, but insists the problem has been contained and poses no risk to beef-eaters.


Sara Lee CFO To Retire

December 18, 2008 10:13 am | Comments

Maker of Jimmy Dean sausages and Sara Lee breads said Thursday its chief financial officer will retire at the end of the fiscal year in June.

Spirit AeroSystems Back To Full Work Week

December 18, 2008 10:00 am | Comments

Workers at Spirit AeroSystems’ Wichita, Kan., plant, who have been working just three days a week since September, will resume five-day work schedules earlier than expected.


Eastman, SK Chemicals Form Joint Venture

December 18, 2008 9:50 am | Comments

South Korea-based SK Chemicals and Eastman Chemical Co. are forming a joint venture to build a manufacturing plant that will produce a raw material used in cigarette filters.


Sweden OKs $3.6 Billion For Auto Industry

December 18, 2008 9:43 am | Comments

Swedish lawmakers approved a $3.6 billion aid package Thursday to help prevent the country's auto industry from collapsing.


Crude Prices Remain Low Despite OPEC Output Cut

December 18, 2008 9:40 am | by Mark Williams, AP Energy Writer | Comments

Oil prices hovered near 4½-year lows as persistent investor pessimism over global crude demand outweighed the news of OPEC's largest-ever production cut.



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