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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

European Steelmakers Face Hard Times

October 27, 2008 5:23 am | Comments

Steelmakers like ArcelorMittal and ThyssenKrupp say they are facing a difficult market climate as demand dries up and rival steel imports from China rise.

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Porsche Plans To Increase VW Stake

October 27, 2008 5:20 am | Comments

Volkswagen's biggest shareholder said on Sunday that it had lifted its stake to 42.6 percent and plans to increase it to 75 percent by 2009.

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German Business Confidence Sinks To 5-Year Low

October 27, 2008 5:15 am | by Matt Moore, AP Business Writer | Comments

Ifo institute said its monthly business climate index fell to 90.2 points in October, putting the closely watched indicator at its lowest level since April 2003.

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Analyst: Pilgrim's Pride Could File For Bankruptcy

October 26, 2008 11:55 am | by Emily Fredrix, AP Business Writer | Comments

With its temporary financing ending on Tuesday and credit markets tight all around, the chicken industry’s biggest producer faces an uncertain future.

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Chrysler To Cut Nearly 5,000 Salaried Jobs

October 24, 2008 1:30 pm | by Tom Krisher, AP Auto Writer | Comments

Automaker said Friday it will cut 25 percent of its salaried work force starting next month, and warned that it will make more restructuring announcements in the near future.

GM Extends Temporary Shutdown Of Delaware Plant

October 24, 2008 12:20 pm | Comments

Automaker says it will extend the temporary shutdown of its Wilmington, Del., assembly plant for three more weeks because of slow demand for the vehicles it makes.

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New Food Labels Coming Next Year

October 24, 2008 10:40 am | by Emily Fredrix, AP Business Writer | Comments

As part of the new Smart Choices program to improve public health, thousands of products will feature new labels with nutritional information on the front of packages.

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GM Shares Dive As Global Market Falls

October 24, 2008 10:36 am | Comments

General Motors was the biggest percent loser on the Dow Jones industrials index as the broader market headed lower and talks continued between it and crosstown rival Chrysler.

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Stocks Nosedive On Global Recession Fears

October 24, 2008 10:12 am | by Tim Paradis, AP Business Writer | Comments

Wall Street joined world stock markets in a precipitous plunge Friday, as fears the world will suffer a punishing economic recession has investors furiously dumping stocks.

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Nissin Food Products Issues Recall For Tainted Noodles

October 24, 2008 9:30 am | by Jay Alabaster, Associated Press Writer | Comments

One of Japan's largest instant noodle makers said it was issuing a nationwide recall after a woman grew sick when she ate a cup of noodles later found to be tainted with insecticide.

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Navy Finds ‘Cracks’ In Boeing Jets

October 24, 2008 9:15 am | Comments

U.S. Navy says it will inspect all 636 Hornet fighter jets from Boeing after discovering "fatigue cracks" on more than a dozen aircraft deployed overseas.

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European Automakers Struggle Amid Financial Crisis

October 24, 2008 9:10 am | by Emma Vandore, AP Business Writer | Comments

Carmakers in Europe are taking a beating from the financial crisis, announcing an alarming series of profit warnings and production stoppages this week.

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Cessna CEO: Economy Could Challenge Company

October 24, 2008 8:35 am | Comments

Chairman and chief executive Jack Pelton warned employees that the difficult economy could create pressure on the aircraft company.

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Fortune Brands Executive Resigns

October 24, 2008 8:19 am | Comments

Company said Tom Flocco, president and chief executive of its Beam Global Spirits & Wine business, has resigned to pursue other interests.

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Surging Yen Worries Japanese Manufacturers

October 24, 2008 6:15 am | by Yuri Kageyama, AP Business Writer | Comments

As the yen surged to a 13-year high Friday against the dollar, Japanese manufacturers are concerned about shrinking consumer demand for flat-panel TVs, automobiles and digital cameras.

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Steel Development Building New Rebar Plant

October 24, 2008 5:50 am | Comments

Company will spend $175 million on a steel rebar manufacturing plant in Amory, Miss., that is expected to bring 200 jobs to the area.

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Oil Prices Continue To Tumble Despite OPEC

October 24, 2008 5:50 am | by Louise Watt, Associated Press Writer | Comments

OPEC said it will slash output by 1.5 million barrels a day to stop tumbling crude prices, but the cost for a barrel of crude plummeted to prices last seen in June of 2007.

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Layoffs Continue As Chrysler, GM Make Cuts

October 24, 2008 5:45 am | by Tom Krisher, AP Auto Writer | Comments

As the shaky U.S. economy speeds the industry’s out-of-control slide, more job cuts are likely if U.S. auto sales volume continues to decline into 2009.

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'Massive' Production Cuts Coming At Peugeot-Citroen

October 24, 2008 5:28 am | by Emma Vandore, AP Business Writer | Comments

Chief Executive said the company is reacting to the 'collapse' of the European auto market by cutting production to prevent a buildup of inventories.

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Russian Spacecraft Makers Hit By Financial Crisis

October 24, 2008 5:23 am | Comments

Financial crisis could jeopardize the ability of Russia's top spacecraft-making company to build spaceships for the international space station, the company said.

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