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Daily news and top headlines for manufacturing professionals

Applied Materials Receives $1.9B Solar Order

March 5, 2008 6:25 am | News | Comments

Expansion efforts of computer chip-making equipment manufacturer into other markets lands the company a $1.9 billion order to help build multiple solar panel factories.

GE Invests In Electric-Car Technology

March 5, 2008 6:05 am | News | Comments

Company invested over $24 million in a Norwegian electric-car maker and its U.S.-based battery supplier in an effort to push the technology toward the mainstream.

Labor Costs Rise As Worker Productivity Falls

March 5, 2008 5:22 am | by Jeannine Aversa, AP Economics Writer | News | Comments

U.S. worker productivity slowed sharply in the final three months of last year as the economy lost momentum, while employers' unit labor costs rose at a 2.6 percent clip.


Toyota Tapped For Mitsubishi Jet Investment

March 5, 2008 5:17 am | by Chisaki Watanabe, Associated Press Writer | Pratt & Whitney, Boeing, United Technologies Corp. | News | Comments

Japan's top automaker has been asked to invest in a project to build the first 'made in Japan' passenger aircraft in three decades.

Japan May Be Headed For A Recession

March 5, 2008 5:04 am | News | Comments

Recession fears are rising in the world's second-biggest economy as business investment shrank at its fastest pace in more than five years during the fourth quarter.

German Auto Sales May Point To Economic Upswing

March 4, 2008 9:54 am | News | Comments

Domestic auto sales in Germany grew by 17 percent in the first two months of the year, which could be a sign its economy is picking up this year.

Alcoa Investing $1.2 Billion In Aluminum Plant

March 4, 2008 9:37 am | News | Comments

CEO Alain Belda said the money will go to modernizing the 51-year-old aluminum smelting facility and will guarantee 3,900 direct and indirect jobs.

Russia Makes Record Jet Deal With Iran

March 4, 2008 5:37 am | Boeing | News | Comments

Russia plans to sell up 100 passenger jets to Iran in what would be the largest such deal ever for Russia's aviation industry.


Battery Plant Fire Costing LG $85 Million

March 4, 2008 4:34 am | News | Comments

South Korean chemical manufacturer, LG Chem, said a fire at one of its rechargeable battery plants is expected to cause an $85 million loss in sales.

Rising Yen Could Hurt Export-Driven Japan

March 4, 2008 4:27 am | News | Comments

Japan's finance and economy ministers voiced concern about the yen's sharp rise against the U.S. dollar, warning that the trend may slow the nation's export-dependent economy.

U.S. Auto Sales Tumble In February

March 3, 2008 10:25 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Automakers' most profitable vehicles — trucks, sport utilities and large sedans — sales plunged in February as consumers reacted to high gas prices and the possible recession.

Ford To Temporarily Cut Shifts

March 3, 2008 9:20 am | by Tom Krisher, AP Auto Writer | News | Comments

Ford Motor says it will temporarily cut shifts at factories in Chicago, Louisville, Ky., and Cleveland to match lower demand for its vehicles.

Midwest Economic Confidence Drops

March 3, 2008 6:29 am | News | Comments

February survey results from supply managers and business leaders in the Midwest and Plains show rock-bottom confidence in the region's economy.


Toyota Supplier Bringing Jobs To Mississippi

March 3, 2008 6:23 am | News | Comments

About 120 jobs will be created at $19 million plant to build interior and exterior plastic automotive components for a Toyota auto manufacturing plant that's set to open in 2010.

U.S. Manufacturing Fails To Grow In February

March 3, 2008 5:48 am | by Amy Radishofski, Staff Reporter | News | Comments

Rising prices and falling volume remain among the chief concerns for manufacturers as the sector fails to expand.

Buffett: U.S. Is In Recession

March 3, 2008 5:22 am | by Josh Funk, AP Business Writer | News | Comments

In a CNBC interview, billionaire Warren Buffett says the U.S. economy is essentially in a recession — even if it hasn't met the technical definition of one yet.

Hormel Expecting $2 Billion Sales By 2012

March 3, 2008 5:09 am | News | Comments

Meat and food products maker said Monday it expects to make $2 billion in sales from new products by 2012.

EADS Beats Boeing For $40 Billion Military Contract

March 3, 2008 5:01 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

Boeing had supplied refueling tankers to the Air Force for nearly 50 years, but EADS and its U.S. partner, Northrop Grumman, won one of the biggest Pentagon contracts in decades.

Airbus Feeling Strain Of Rising Euro

March 3, 2008 4:51 am | Airbus | News | Comments

Chief executive of Airbus says his company remains concerned about the record-setting euro but is not poised to cut more jobs.

United Tech Makes $2.63 Billion Offer For Diebold

March 3, 2008 4:31 am | by Stephen Singer, AP Business Writer | Pratt & Whitney, United Technologies Corp. | News | Comments

Parent company of jet engine-maker Pratt & Whitney made a bid for ATM maker Diebold to broaden its security business and expand its presence in China.

VW Obtains Majority Stake In Swedish Truck Maker

March 3, 2008 4:21 am | by Matt Moore, AP | News | Comments

Volkswagen will pay $2.85 billion to become the biggest shareholder of Scania in a deal that could clear the road for new talks about combining it with German truck builder MAN AG.

Exec: Chrysler On Target To Meet Financial Goals

February 29, 2008 11:20 am | by Bree Fowler, AP Business Writer | News | Comments

Jim Press, vice chairman and president of Chrysler, said the automaker remains on track to meet its financial targets and right-size itself despite slumping U.S. vehicle demand.

Weak Dollar Harmful To Europe's Smaller Manufacturers

February 29, 2008 10:35 am | by Shawn Pogatchnik, Associated Press Writer | News | Comments

Smaller artisan firms across Europe that traditionally target the U.S. as their primary market now have to look elsewhere as the U.S. dollar weakens.

Volkswagen Sales Reach Record Number In 2007

February 29, 2008 7:55 am | by Matt Moore, AP Business Writer | News | Comments

German automaker says its profit climbed about 50 percent in 2007 as it sold a company record of almost 6.2 million cars.

Strike Shutters Three More GM Plants

February 29, 2008 7:50 am | by Tom Krisher, AP Auto Writer | News | Comments

General Motors says it will temporarily shut down three more pickup truck factories due to a strike at American Axle and Manufacturing Holdings.

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