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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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