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Daily news and top headlines for manufacturing professionals

CEO: Daimler Has Strategy For Profit Growth

April 9, 2008 5:31 am | by Oliver Schmale, Associated Press Writer | News | Comments

Automaker's chief executive expects sales increases for luxury cars in markets like China and Russia to offset any slowdowns elsewhere, including the weakening U.S. economy.

Dacia-Renault Workers Reject Pay Offer

April 9, 2008 5:21 am | News | Comments

Thousands of employees of the Romanian car maker rejected an offer from the company and will continue their two-week strike for higher wages and benefits.

Honeywell Wins $23 Billion Embraer Jet Deal

April 9, 2008 5:15 am | Airbus | News | Comments

Industrial manufacturer will supply its HTF7000 series of turbofan propulsion engines to Brazilian commercial jet maker Embraer.

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EU OKs Renault's Avtovaz Stake

April 9, 2008 5:13 am | News | Comments

European Commission approved a $1 billion deal which gives Renault SA a 25 percent stake in Russia's largest automaker.

Toyota Recalling Over 600,000 Minivans In Japan

April 9, 2008 5:09 am | by Tomoko A. Hosaka, AP Staff Writer | News | Comments

Automaker will recall 628,239 minivans in Japan due to an installation flaw that could lead to cracks in the fuel tank.

China Helps Chrysler Set Overseas Sales Record

April 8, 2008 11:00 am | News | Comments

Chrysler says it set a first-quarter record for sales outside North America, with the biggest jump in China, where it launched a locally built Sebring sedan last month.

Philips Licenses North American TV Brands To Funai

April 8, 2008 10:53 am | News | Comments

Royal Philips Electronics NV reached a brand licensing agreement to transfer its consumer television activities in the U.S. and Canada to Japan-based Funai Electric Co.

Energy Dept: U.S. Crude Oil Should Average $101

April 8, 2008 7:00 am | by John Wilen, AP Business Writer | News | Comments

Price projections for 2008 were revised upward on the back of expected global demand growth and low surplus production capacity.

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Nokia Trying To Soften German Plant Closure

April 8, 2008 6:53 am | News | Comments

Company agreed with worker representatives on a $314 million plan to offset the effects of its Bochum plant closure.

Nissan To Build, Sell Commercial Vehicles In U.S.

April 8, 2008 6:45 am | by Natasha Robinson, Associated Press Writer | News | Comments

Starting in the first half of 2010, Japanese automaker will build and sell light commercial vehicles in the U.S., using its existing work force and factories.

South Korean Chip Maker's Import Duties Repealed

April 8, 2008 5:36 am | by Kelly Olsen, AP Business Writer | News | Comments

EU first put the duties in place because state support given to Hynix Semiconductor amounted to subsidies that allowed the South Korean company to undercut competitors.

Will Beer Be A Casualty Of Climate Change?

April 8, 2008 5:27 am | News | Comments

Price of beer is likely to rise in coming decades because climate change will hamper the production of a key grain needed for the brew, a scientist warned Tuesday.

Japanese Companies May Merge Shipbuilding Operations

April 8, 2008 5:22 am | News | Comments

Heavy machinery makers IHI Corp. and JFE Holdings agreed to begin talks on combining their shipbuilding operations, which would create Japan's biggest shipbuilder.

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Construction Begins On Japanese Plant In West Virginia

April 7, 2008 12:20 pm | News | Comments

Ground has been broken on a $100 million specialty plastics plant for Kureha Corp. at DuPont's factory in Belle, West Virginia.

Scotch Whisky Makers Ramp Up Investment

April 7, 2008 12:18 pm | by Jane Wardell, AP Business Writer | News | Comments

Whisky makers are bolstering production to meet increasing demand from emerging markets such as China and India.

Eurozone Economic Prospects Grim

April 7, 2008 12:01 pm | News | Comments

Volatile foreign exchange rates and rising inflation are hurting the region's economic growth prospects, the head of a group of the region's finance ministers said.

EU Nations Approve Liberalization For Road Haulage

April 7, 2008 6:33 am | by Robert Wielaard, Associated Press Writer | News | Comments

Governments tentatively approved a plan on Monday that would make it easier for trucks from one member state to collect and deliver goods in another.

Wyeth Investing $96 Million In Singapore Plant

April 7, 2008 5:57 am | News | Comments

Pharmaceutical and health care products company said the move will expand the facility's capacity by 50 percent.

Samsung: No Decision Yet On Malaysia Chip Plant

April 7, 2008 5:37 am | News | Comments

Electronics maker is 'exploring various investment opportunities in southeast Asian countries,' but hasn't settled on a location.

Vietnamese Workers Back To Work At Nike

April 7, 2008 5:25 am | News | Comments

Workers returned to a Vietnamese factory on Monday to make Nike sneakers, one week after a strike over a wage dispute closed the plant.

Hyundai To Keep U.S. Factory Levels Steady

April 7, 2008 5:21 am | News | Comments

South Korean automaker is satisfied with sales levels in the U.S. and has no plans to cut production at its factory there, a top executive said.

Novartis Pays $38 Billion For Alcon

April 7, 2008 5:15 am | by Frank Jordans, Associated Press Writer | News | Comments

Deal for Alcon Inc., which makes Opti-Free contact lens solution and has 14,500 employees worldwide, would be one of the largest in Swiss history.

STX Group Starts Up China Shipbuilding Complex

April 7, 2008 5:08 am | News | Comments

Billion-dollar complex will carry out the entire shipbuilding process from cutting steel and engine assembly to block manufacturing.

Rohm And Haas Sells Stake In UP Chemical

April 4, 2008 7:10 am | News | Comments

Chemical maker will sell its 40 percent stake in UP Chemical Co. to Woori Consortium for $112 million.

German Auto Supplier To Open Plant In Alabama

April 4, 2008 6:45 am | by Kate Brumback, Associated Press Writer | News | Comments

Stankiewicz International will open a manufacturing plant in Vance, Ala., creating more than 180 new jobs over the next three years.

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