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Daily news and top headlines for manufacturing professionals

Japan Could See Economic Slowdown - Or Not

January 11, 2008 4:40 am | News | Comments

Central bank chief of the world's second-largest economy predicts a slowdown in Japan, while the economy minister said she saw no sign of one.

Chrysler, Nissan Sign South America Agreement

January 11, 2008 4:30 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automakers form OEM agreement for Nissan to produce cars based on its Versa model, to be sold by Chrysler in South America.

Rolls-Royce Cutting 6 Percent Of Workforce

January 11, 2008 4:26 am | News | Comments

Aircraft engine maker aims to cut up to 2,300 managerial, professional and clerical staff to mitigate increasing raw material costs and the weak U.S. dollar.

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Ford Wants $60 Million To Reopen Windsor Plant

January 11, 2008 4:20 am | News | Comments

The Globe and Mail reports the automaker wants the federal and Ontario governments to kick in $60 million to help reopen a shuttered engine plant in Windsor, Ontario.

Tata Displays World's Cheapest Car

January 10, 2008 8:52 am | by Gavin Rabinowitz, Associated Press Writer | News | Comments

Indian automaker unveiled the Nano — price tag $2,500 — bringing new mobility to tens of millions of people and nightmares to environmentalists.

EU Steel Imports From China Nearly Double

January 10, 2008 8:30 am | by Aoife White, AP Business Writer | News | Comments

Imports during the first 11 months of last year rose 91 percent, the European Commission said as it continues to investigate whether China is illegally selling steel below-cost.

EADS CEO Planning U.S. Acquisition Spending Spree

January 10, 2008 7:02 am | by Roland Losch, Associated Press Writer | Airbus, Boeing | News | Comments

Chief Executive of Airbus’ parent company said he is aiming at ‘medium-sized companies’ in the U.S. but didn’t name potential targets.

Scottish & Newcastle Rejects Carlsberg And Heineken Offer

January 10, 2008 6:59 am | by Jane Wardell, AP Business Writer | News | Comments

Britain's largest brewer rejected a sweetened $14.9 billion offer from rival brewers Carlsberg A/S and Heineken NV but indicated it would consider talks if the price was right.

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Company Recalls Mislabeled Chinese-Made Globes

January 10, 2008 6:45 am | by Hiroko Tabuchi, Associated Press Writer | News | Comments

Japanese company recalls 10,000 Chinese-made electronic talking globes after customers complained that self-governing Taiwan was labeled part of the People's Republic of China.

Probe Into Samsung Corruption Allegations Kicks Off

January 10, 2008 5:50 am | News | Comments

Special probe into corruption allegations at South Korea's Samsung Group began Thursday, according to news reports.

Bang & Olufsen Fires CEO Over Poor Results

January 10, 2008 5:40 am | News | Comments

Announcement came a day after the Danish high-end electronics maker downgraded its full-year earnings forecast because of a slump in sales.

Nova Chemicals To Expand Canadian Polyethylene Plants

January 10, 2008 5:00 am | News | Comments

Plant modernization and expansion projects will add up to 250 million pounds per year of new polyethylene capacity, the chemicals company said.

Ford Seeks More Competitive Canadian Factories

January 10, 2008 4:55 am | by Tom Krisher, AP Auto Writer | News | Comments

Canadian Auto Workers says it won't agree to two-tier wages and other changes ratified by the United Auto Workers in the U.S.

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Report: Matsushita To Become Panasonic

January 10, 2008 4:35 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japanese electronics maker will drop founder's name and adopt brand name ‘Panasonic,’ NHK TV reports.

Toyota's 2007 Sales Tighten Race To The Top With GM

January 10, 2008 4:32 am | by Yuri Kageyama, AP Business Writer | News | Comments

Race for the title of 'world's biggest automaker' comes down to the wire, with Toyota saying global sales last year totaled 9.37 million vehicles, just above GM's estimated 9.3 million.

Nanometrics Cutting Global Work Force

January 10, 2008 4:19 am | News | Comments

Semiconductor manufacturing equipment maker plans to cut about 7 percent of its work force to reduce costs.

Volkswagen Sees Record China Sales

January 10, 2008 4:15 am | News | Comments

German automaker said it is on track to sell more than 1 million cars in China this year, after setting a sales record in 2007.

AWAS To Buy 75 Airbus A320s

January 9, 2008 5:35 am | Airbus, Boeing | News | Comments

Irish leasing company contracted to buy the single-aisle A320 aircraft said the European plane-making consortium in a statement.

China: Toy Makers, Buyers Need Safety Focus

January 9, 2008 5:16 am | News | Comments

Safety standards of toys made in China have been closely watched after a series of recalls ordered by U.S. and European authorities since June last year.

MDA Sells Canadarm Business For $1.3 Billion

January 9, 2008 5:03 am | by Craig Wong | Lockheed Martin | News | Comments

MacDonald, Dettwiler and Associates Ltd. selling its space and satellite business to U.S. defense contractor Alliant Techsystems.

LG Electronics Checking Report Of Laptop Explosion

January 9, 2008 5:00 am | News | Comments

South Korean media reported that a laptop belonging to a South Korean journalist caught fire and blew up Tuesday.

Swiss Chocolate Maker Opens Factory In China

January 9, 2008 4:53 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Barry Callebaut opened a $20 million factory in Suzhou, a move aimed at capturing the growing regional taste for chocolate and other sweets.

Volkswagen To Expand Presence In India

January 9, 2008 4:50 am | News | Comments

German automaker aiming to produce 110,000 cars a year in India starting in 2009, when a new plant begins operations.

Ontario Premier: Government Must Help Manufacturers

January 9, 2008 4:46 am | by Chinta Puxley | News | Comments

Premier Dalton McGuinty says federal government has to invest in manufacturing to help Canadian companies compete in the global economy.

Fuji Halts Greenwood X-Ray Film Production

January 9, 2008 4:34 am | News | Comments

Company says up to 45 employees could be affected when Fuji moves all of its X-ray film production to Japan at the end of March.

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