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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Fed: Economic Woes Will Persist Into Next Year

November 20, 2008 8:25 am | by Jeannine Aversa, AP Economics Writer | Comments

Pounded by a fierce financial crisis, the country is sinking deeper into economic despair, with problems likely to stretch well into next year.


GM Shares Soar After Historic Low

November 20, 2008 8:15 am | Comments

Shares of General Motors soared in afternoon trading, reversing the morning's historic plummet, on news of a deal that could result in a financial bailout of the automaker industry.


Ford Realigns Manufacturing Executives

November 20, 2008 8:10 am | Comments

Automaker has pulled an exec from Europe to run its North American factories in an effort to free the current manufacturing chief to focus on standardizing Ford’s global operations.


Great Dane Cutting 115 Jobs At Indiana Plant

November 20, 2008 8:00 am | Comments

Following ‘tremendous’ cutbacks by its customers, Great Dane Trailers will lay off half the workers at the trailer maker's Terre Haute plant, the company said.


Oil Dips Below $50 A Barrel

November 20, 2008 7:22 am | by Pablo Gorondi, Associated Press Writer | Comments

Prices briefly dipped below $50 a barrel as 16-year high U.S. unemployment figures and plummeting stock markets caused investors to price in lower crude demand.


Economic Activity Falls In October

November 20, 2008 6:55 am | by Ellen Simon, AP Business Writer | Comments

Conference Board said its monthly forecast of economic activity declined 0.8 percent in October, worse than the 0.6 percent decrease expected by economists.


U.S. Warns Chinese Espionage Rising

November 20, 2008 6:50 am | by Foster Klug, Associated Press Writer | Comments

China has accelerated computer espionage attacks on the U.S. government, defense contractors and American businesses, a congressional advisory panel said.


Brady To Cut Over 700 Workers

November 20, 2008 6:25 am | Comments

Maker of labels, signs and safety devices said Thursday it plans to cut its global work force by about 10 percent due to difficult economic conditions.


Washington Working To Extend Jobless Benefits

November 20, 2008 6:22 am | by Deb Riechmann, Associated Press Writer | Comments

With weekly jobless claims benefits at a 16-year high, White House said President Bush would quickly sign legislation pending in Congress to provide further benefits.


Investors Pull Out Of ZAP Electric Car Plant

November 20, 2008 6:19 am | Comments

Plans to build an electric car manufacturing plant in Franklin, Ky., have been short-circuited by the pullout of a major investor.


Peugeot Citroen Cuts 2,700 Jobs

November 20, 2008 6:16 am | Comments

French automaker said Thursday it plans to cut 2,700 jobs in response to the worsening economic crisis that has seen European car sales plummet.


Jobless Claims Reach Highest Level Since 1992

November 20, 2008 5:25 am | by Christopher S. Rugaber, AP Economics Writer | Comments

New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday.


Detroit Three Rescue Bill On Life Support

November 20, 2008 5:15 am | by Ken Thomas, Associated Press Writer | Comments

Plan to give troubled U.S. automakers $25 billion in government-backed loans has stalled in the Senate, leaving the fate of Detroit's once-venerable car companies hanging in the balance.


Ghosn: Automakers Will Push Electric Vehicle Trend

November 20, 2008 5:05 am | by Dan Strumpf, AP Auto Writer | Comments

Head of Nissan Motor said he foresees a big push by automakers to bring pure-electric vehicles to market, predicting that 10 percent of all vehicles globally will be electric by 2020.


GM, Chrysler Scale Back At LA Auto Show

November 20, 2008 4:55 am | by Dan Strumpf, AP Auto Writer | Comments

Chrysler and GM's displays were noticeably quiet while Asian and European companies unveiled new models that will likely chip away at the U.S. market share.


Carmaker Dacia Halts Production

November 20, 2008 4:55 am | Comments

French-Romanian automaker temporarily halted production on Thursday after the global financial crisis led to a 30 percent drop in car sales.


AstraZeneca To Close Plants, Cut Jobs In Europe

November 20, 2008 4:50 am | Comments

Pharmaceutical company plans to close three plants in Spain, Belgium and Sweden and cut 1,400 jobs in Europe by 2013 to improve efficiency and expand investment in Asia.


China: Job Outlook 'Grim'

November 20, 2008 4:49 am | by Christopher Bodeen, Associated Press Writer | Comments

Chinese officials warned that the country faces 'grim' employment outlook, with demand for workers falling and job seekers outnumbering new jobs by two-to-one.


Isuzu Shedding 1,400 Contract Workers

November 20, 2008 4:45 am | Comments

Elimination of all temporary and part-time manufacturing workers will happen in the remaining two months of this year as the Japanese truck maker cuts output.


Sandvik Slashes Jobs, Production

November 20, 2008 4:43 am | Comments

Swedish engineering firm announced a series of production cuts and over 1,000 layoffs, saying the impact of the global financial crisis has accelerated in the fourth quarter.



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