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Daily news and top headlines for manufacturing professionals

German Automakers Slash Production

October 7, 2008 1:00 pm | by George Frey, AP Business Writer | News | Comments

BMW, Daimler, GM subsidiary Adam Opel and the German unit of Ford to cut production, as the global financial crisis rattled one of Europe's key industries.

GM Could Put Headquarters Up For Sale

October 7, 2008 12:20 pm | by Tom Krisher, AP Auto Writer | News | Comments

General Motors says it could consider selling its downtown Detroit headquarters as part of a way to raise cash, but plans to stay in the towering complex.

Union: DDM Plastics To Lay Off 430 Workers

October 7, 2008 9:10 am | News | Comments

According to an official with the International Association of Machinists, the ongoing slump in the auto industry is forcing the layoffs at the Canadian company.

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Tata Finds New Home For $2500 Nano

October 7, 2008 5:56 am | by Erika Kinetz, Associated Press Writer | News | Comments

World's cheapest car will be built in Gujarat after weeks of violent farmer protests forced India's Tata Motors to shutter its $350 million Nano factory in West Bengal.

Daimler's September Sales Fall 3 Percent

October 7, 2008 5:16 am | News | Comments

German automaker said sales for its Mercedes Benz brand fell 3 percent, although it booked a 4 percent gain in car sales for the first nine months of the year.

GM Hits 54-Year Low As Market Drops

October 6, 2008 8:00 am | News | Comments

In morning trading, GM shares fell 58 cents, or 6.5 percent, to $8.42, the automaker's lowest share price since April 22, 1954.

Skoda Auto Cutting Production

October 6, 2008 7:53 am | News | Comments

Czech carmaker said Monday it plans to halt car production for one week later this month because of a fall in demand in Western Europe.

Ford Reconsiders Bringing Tiny Car To U.S.

October 6, 2008 6:14 am | by Tom Krisher, AP Auto Writer | News | Comments

Chief Executive Alan Mulally says increased demand for small cars has led the automaker to revisit its decision not to bring the tiny European Ka model to the United States.

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Ford Feature Sets Limits For Teens

October 6, 2008 5:58 am | by Tom Krisher, AP Auto Writer | News | Comments

Automaker will roll out a new feature on many 2010 models that can let parents limit teen drivers to 80 mph using a computer chip in the key.

Cargo Barge Maker Updates Design

October 6, 2008 5:47 am | News | Comments

An Oregon shipyard decided it was time to tinker with the design of a cargo barge that hasn't changed much in the past half century.

Alabama's Auto Industry Woes Benefit Unions

October 6, 2008 5:20 am | by Dawn Kent, AP | News | Comments

In the past, lack of union activity in Alabama's auto industry has been a key selling point for the state when courting new business in the sector.

Credit Crisis Pressures Auto Dealers

October 6, 2008 5:15 am | by Bree Fowler, AP Auto Writer | News | Comments

For auto dealers already suffering under the worst U.S. sales downturn in 15 years, the increasing cost of credit threatens to send more of them out of business.

Auto Companies Cut Over 18,000 Jobs In September

October 3, 2008 11:00 am | News | Comments

Automakers and parts suppliers cut 18,200 jobs, as the companies continued to scale back production in light of the ongoing slump in new vehicle demand.

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Electric Cars Draw Crowds At Paris Show

October 3, 2008 10:06 am | by Emma Vandore, AP Business Writer | News | Comments

As the race to offer the first commercially viable electric car charges up, automakers displayed a slew of models at the Paris Motor Show on Friday.

SEAT Plans Layoffs In Spain

October 3, 2008 9:39 am | News | Comments

German-owned automaker says it must temporarily lay off 1,250 employees at factories in northeastern Spain because of falling sales.

Bendix To Expand Indiana Plant

October 3, 2008 8:30 am | News | Comments

The $8.3 million expansion is expected to be completed by 2011 at Bendix Commercial Vehicle Systems’ northeastern Indiana plant, which employs 400.

Yorozu Automotive To Close Plant

October 3, 2008 8:02 am | News | Comments

Company will close its Warren County facility in Mississippi due to a continuing decline sales of the Nissan and GM vehicles for which it supplies parts.

Tata Pulls $2500 Nano Out Of Besieged Factory

October 3, 2008 7:24 am | News | Comments

Indian automaker will abandon plans to build its Nano, the world's cheapest car, in West Bengal and relocate elsewhere to end months of threats against the plant and its workers.

Russian Tycoon Forced To Sell Magna Stake

October 3, 2008 6:20 am | News | Comments

Oleg Deripaska, regarded as Russia's richest man, has been forced to sell a 20 percent stake in Canadian car parts maker Magna International Inc. to creditors.

Toyota Turns To Zero-Percent Financing

October 3, 2008 5:30 am | News | Comments

Japanese automaker has announced zero-percent financing on 11 models as it tries to woo would-be buyers sidelined by the consumer credit crunch.

GM Building New Crossover At Tennessee Plant

October 3, 2008 5:13 am | News | Comments

Automaker launching its new Chevrolet Traverse from its Spring Hill assembly plant, hoping the eight-passenger crossover will attract buyers who have shied from SUVs.

Automotive Supplier Cuts Workforce

October 3, 2008 5:10 am | News | Comments

Sixty-five people are losing their jobs at the Pretty Products plant in Mount Pleasant, Tenn., which makes car floor mats.

Honda Displays New 'Affordable' Hybrid Car

October 2, 2008 11:35 am | News | Comments

Japanese automaker unveiled at Paris Auto Show the five-door Insight petrol-electric hatchback to challenge the success of rival Toyota.

Ferrari: 2008 Will Be A Good Year

October 2, 2008 10:31 am | by Emma Vandore, AP Business Writer | News | Comments

Despite financial crisis, 6,000 people expressed interest in buying Ferrari's California, which retails for $247,000 in Europe, even before Ferrari opened its book for orders.

Ford Unveils New F-150 Pickup

October 2, 2008 8:18 am | News | Comments

Automaker officially kicks off production of a new version of its popular F-150 pickup truck that features improved fuel economy.

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