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Daily news and top headlines for manufacturing professionals

Nissan Offering Buyouts To Tennessee Workers

July 30, 2008 9:30 am | by Travis Loller, Associated Press Writer | News | Comments

Automaker will offer buyouts to employees at two Tennessee plants and eliminate a night shift at one plant because rising fuel prices and the economic downturn slowed truck and SUV sales.

Freight Index Rises Again, Outlook Still Cautious

July 30, 2008 9:25 am | News | Comments

American Trucking Associations said goods shipped by truck rose in June, but the trade group's chief economist suggested the nation's economy might not yet be on the road to recovery.

Michelin Profit Shrinks, Lowers Forecast

July 30, 2008 9:15 am | by Greg Keller, Associated Press Writer | News | Comments

French tiremaker blamed the slide on a 'significant drop' in the market for replacement tires in Europe and North America and a sharp rise in raw material costs.

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GM Will Continue Offering Leasing Incentives

July 30, 2008 9:10 am | by Bree Fowler, AP Business Writer | News | Comments

General Motors has told dealers it will continue to offer leasing incentives in August, while it and other automakers continue to scrutinize their leasing practices.

Germany Approves Schaeffler's Continental Bid

July 30, 2008 6:35 am | by George Frey, AP Business Writer | News | Comments

Automotive parts maker says the Financial Supervisory Authority has signed off on its plan to offer Continental shareholders $109.39 per share in cash.

Honeywell To Develop Turbos For Ford

July 30, 2008 6:00 am | News | Comments

Company said it will make twin turbos for the 3.5-liter V-6 EcoBoost engine that will go into the 2010 Lincoln MKS luxury sedan.

Chase Auto Finance Ending Chrysler Leases

July 29, 2008 12:00 pm | News | Comments

Chase says it wants to keep its lease portfolio small because it is concerned about declining used car values, but will continue financing leases for other automakers.

Wisconsin Seeking Federal Aid For GM Workers

July 29, 2008 11:55 am | News | Comments

Labor officials ask for $4 million in federal grants to help 785 people over the next two years with counseling, job training and placement services.

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Mercury Marine To Halt Production, Lay Off 60

July 28, 2008 12:50 pm | News | Comments

Slow boat sales and the poor economy have forced boat engine maker to cut 60 jobs and temporarily shut down production in Fond du Lac, Wis.

GM Increases SUV, Truck Production Cuts

July 28, 2008 11:50 am | by Bree Fowler, AP Business Writer | News | Comments

General Motors said Monday it will cut production by another 117,000 vehicles, citing continued weakness in consumer demand for pickup trucks and sport utility vehicles.

Ford Of Canada Fined For Industrial Accident

July 28, 2008 10:35 am | News | Comments

Canadian arm of Ford Motor Co. has been fined $175,000 for an industrial accident in September 2006 at its facility in Oakville, Ontario.

Engineer Designs Electric Car Kit

July 28, 2008 6:50 am | by Kirsti Marohn, AP Writer | News | Comments

Lee Hart, a battery engineer, has been working on a design for an electric car he hopes can be copied and built by average people.

GM, CAW Reach Deal Over Truck Plant Closure

July 28, 2008 6:00 am | News | Comments

Settlement over the closure of General Motors' truck plant in Oshawa, Ont., calls for more vehicles to be built at the new flexible car plant the automaker is building.

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Toyota Reduces Global Sales Target

July 28, 2008 5:45 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japanese automaker lowered its global sales plan this year to 9.5 million vehicles, down from 9.85 million, but still plans to sell more vehicles than it did last year.

GM Plant In Louisiana Faces Uncertain Future

July 28, 2008 5:30 am | by Alan Sayre, Associated Press Writer | News | Comments

Automaker’s Shreveport plant, which assembles the Hummer H3, has been spared the fate of scheduled plant closures, but as GM cuts truck production further it is still in jeopardy.

Chrysler To Quit Leasing Business

July 28, 2008 5:15 am | by Tom Krisher, AP Auto Writer | News | Comments

Automaker said it will get out of the auto leasing business by the end of the month because economic conditions have made leasing more expensive than buying.

Ford Looks To Europe For Survival

July 25, 2008 5:40 am | by Tom Krisher And Dee-Ann Durbin, AP Auto Writers | Boeing | News | Comments

Bleeding cash and with its very survival uncertain, the icon of American automaking will try to import some of its success from across the Atlantic.

Lawmakers Scold Agency For Medically Unfit Truckers

July 25, 2008 5:15 am | by Joan Lowy, Associated Press Writer | News | Comments

Agency failed to implement recommendations designed to keep medically unfit commercial truck and bus drivers off the nation's highways, lawmakers said.

Honda Sees Record Profit

July 25, 2008 5:06 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japan's No. 2 automaker reported record fiscal 1Q profit as growth in new markets offset the damage from a stronger yen and soaring material costs.

Tenn. Supreme Court Rules Against DaimlerChrysler

July 25, 2008 5:00 am | by Kristin M. Hall, Associated Press Writer | News | Comments

State Supreme Court affirmed a trial court's decision to award a couple $13 million in punitive damages in a wrongful death lawsuit against the automaker.

Daimler Considering OAO Kamaz Stake

July 25, 2008 4:55 am | News | Comments

Automaker looking into a 42 percent stake in Russia's largest truck maker in a bid to increase its presence in Europe's biggest truck market.

Ford Switching From Trucks To Small Cars

July 24, 2008 1:15 pm | by Dee-Ann Durbin, AP | News | Comments

Automaker lost $8.67 billion in 2Q and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles.

Daimler 2Q Profit Falls

July 24, 2008 7:14 am | by George Frey, AP Business Writer | News | Comments

Car maker said profit slipped on charges related to Chrysler, and blamed its reduced full-year earnings outlook on a slowing global economy and higher production costs.

Renault Profit Rises, Cuts Production

July 24, 2008 6:04 am | by Emma Vandore, AP Business Writer | News | Comments

After reporting a 37 percent increase in first-half profit, French carmaker said it plans to cut jobs and scale back production to adjust for slowing economic growth.

Report: CAW Close To 'Unique' Deal With GM

July 24, 2008 5:25 am | News | Comments

Toronto Star reports the Canadian Auto Workers union is close to reaching a resolution in a bitter dispute over the pending shutdown of GM’s truck plant in Ontario.

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