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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Japanese Exports Fall By Record Amount

December 22, 2008 8:00 am | by Shino Yuasa, Associated Press Writer | Comments

Exports plunged a record 26.7 percent in November, highlighting the drop in global consumer demand for automobiles, electronics parts and other Japanese products.


Tata To Keep Spending On Jaguar Land Rover

December 22, 2008 7:55 am | by Erika Kinetz, AP Business Writer | Comments

Indian auto giant has been spending money on its Jaguar Land Rover subsidiary and will continue to do so as needed, the company said after media reported Tata had a cash flow crisis.


GM Workers Face Final Days At Ohio Plant

December 22, 2008 7:40 am | Comments

Automaker’s 1,080 hourly workers at a sport utility plant in Moraine, Ohio, will soon be out of a job when the plant closes on Dec. 23.


Caterpillar Cutting Executive Pay In 2009

December 22, 2008 7:10 am | by Daniel Lovering, AP Manufacturing Writer | Comments

Mining and construction equipment maker will cut executive compensation by up to 50 percent next year because of weakening demand triggered by the global economic slowdown.


Beijing Seeks Probe Of U.S. Taxes On Chinese Goods

December 22, 2008 6:00 am | Comments

China has asked the World Trade Organization to investigate whether the United States is illegally taxing Chinese goods such as steel pipes and off-road tires.


Wagoner Confident GM Can Meet Loan Conditions

December 19, 2008 6:31 am | Comments

General Motors CEO says automaker has significant work ahead after receiving a government bailout, but he is confident GM will work with stakeholders to make the company viable.


Stocks Rise As U.S. Automaker Bailout Approved

December 19, 2008 6:30 am | by Madlen Read and Sara Lepro, AP Business Writers | Comments

After tumbling Thursday, stock prices rallied as the government pledged to lend as much as $17.4 billion to U.S. automakers, staving off possible bankruptcies.


Bush Giving Automakers $17.4 Billion

December 19, 2008 6:25 am | by Deb Riechmann, Associated Press Writer | Comments

Citing danger to the national economy, Bush administration offered $17.4 billion in emergency loans in exchange for concessions from the deeply troubled carmakers and their workers.


Paulson: Congress Must Release Second $350 Billion

December 19, 2008 6:23 am | by Martin Crutsinger, AP Economics Writer | Comments

Treasury Secretary said Congress must release the rest of the $700 billion rescue fund because the first half has been allocated, and the remainder will 'support financial market stability'.


U.S. Steel Serbia Cutting Output

December 19, 2008 6:15 am | Comments

Serbia subsidiary of Pittsburgh-based U.S. Steel Corp. will substantially reduce production early next year due to the global economic crisis, a company official said Friday.


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.



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