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Daily news and top headlines for manufacturing professionals

'Nike Of China' Opens Facility In U.S.

January 22, 2008 4:46 am | News | Comments

China's largest footwear and apparel company, Li Ning Co., joins Adidas and Nike in Portland with an office to design athletic shoes.

Germany Cuts Economic Growth Forecast

January 22, 2008 4:38 am | News | Comments

Chancellor Angela Merkel said Europe's biggest economy is cutting its 2008 economic growth outlook to 1.7 percent, but insisted that there is no sign of a recession.

Brazil's TAM Buys 46 Airbus Jets

January 21, 2008 7:05 am | by Alana Clendenning, AP Business Writer | Airbus, Boeing | News | Comments

Brazil's TAM airline signed a contract to buy 46 Airbus jets, including 22 extra-wide-body A350s; order is worth $6.9 billion at list prices.

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Nissan Expecting Tough U.S. Sales Outlook

January 21, 2008 6:30 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automakers and analysts are predicting that this year's U.S. auto sales could drop to their lowest level in a decade because of a likely U.S. economic slowdown.

India's Benchmark Stock Index Plunges

January 21, 2008 5:38 am | by Ramola Talwar Badam, AP | News | Comments

The 30-company benchmark index dropped 7.4 percent, its second-biggest percentage loss ever, amid a regional market rout sparked by worries that the U.S. economy may enter a recession.

British Say Biofuels Harming Environment

January 21, 2008 4:55 am | News | Comments

Parliamentary report says Britain has a 'reckless' policy on biofuels and should stop promoting their production because they do more harm than good to the environment.

EU, U.S. Trade Chiefs: Climate Change Shouldn’t Block Trade

January 21, 2008 4:50 am | by Aoife White, AP Business Writer | News | Comments

EU Trade Commissioner Peter Mandelson and U.S. Trade Representative Susan Schwab said environmental goals could not justify a new brand of trade protectionism.

Quebec Companies Reap $400M From Boeing

January 21, 2008 4:19 am | Boeing | News | Comments

Quebec's aerospace industry will receive $400 million from the aircraft manufacturer, related to the government's $1.8-billion purchase of four Boeing C-17 heavy-lift transport planes.

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Singapore Gets Record $11 Billion Investment

January 21, 2008 4:13 am | News | Comments

New investment commitments in the manufacturing sector doubled in 2007, despite global competition for foreign investment.

GM, Toyota Working On Ultracheap Subcompacts

January 18, 2008 7:35 am | by Tom Krisher, AP Auto Writer | News | Comments

World's two largest automakers developing low-cost cars to sell in emerging markets and compete with the new $2,500 subcompact by India's Tata Motors.

Auto Recalls Swell In 2007

January 18, 2008 5:15 am | by Ken Thomas, Associated Press Writer | News | Comments

NHTSA reports automakers recalled nearly 15 million vehicles for repairs at dealerships last year, an increase of about 30 percent over 2006.

New Fuel Economy Targets Could Raise Vehicle Prices

January 18, 2008 5:00 am | News | Comments

As Canadian automakers spend billions on technology to meet new federal standards, how much of those costs will they pass on to consumers?

Taiwan Company Planning $6B Steel Plant In Vietnam

January 18, 2008 4:51 am | News | Comments

A unit of Taiwan's Formosa Plastics Corp. and the island's Sunsteel Corp. are reportedly planning to build a $6 billion steel complex in Vietnam's Ha Tinh province.

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U.S. Auto Parts Companies Seek Growth Overseas

January 18, 2008 4:43 am | by Jeff Bennett and Terry Kosdrosky, Dow Jones Newswires | News | Comments

Auto parts makers will rely on Europe and Asia for sales growth as they prepare for their fourth year of heavy cost-cutting in North America.

Proposed Canadarm Sale Draws Critics

January 18, 2008 4:28 am | by Bruce Cheadle, CP | News | Comments

Opposition argues sale threatens to put Canada in breach of the 1997 international landmines treaty and could make Canadian technology a contributor to an arms race in space.

Former Soviet Union Snapping Up U.S. Farm Equipment

January 18, 2008 4:16 am | by James MacPherson, Associated Press Writer | News | Comments

Russia imported $281 million in American farm machinery products through June 2007, a 112 percent increase from the previous year.

Europe's Trade Deficit With China Swells

January 17, 2008 5:50 am | by Aoife White, AP Business Writer | News | Comments

Trade gap with China ballooned by 25 percent in the first 10 months of 2007 from the year-earlier period, making China Europe's biggest source of imported goods.

Report: Exports Cushion Weakness In Manufacturing

January 17, 2008 5:06 am | by Edited by Manufacturing.net Staff | News | Comments

Report from the Manufacturers Alliance/MAPI suggests that exports and multinational interests are helping companies weather the U.S. economic storm.

PC Shipments Stronger Than Forecast

January 17, 2008 5:05 am | by Mark Jewell, AP Business Writer | News | Comments

U.S. growth rate beat predictions, countering recent forecasts that spending growth in the broader U.S. technology sector would slow this year.

ArcelorMittal To Cut Jobs At French Plant

January 17, 2008 5:00 am | News | Comments

World's largest steelmaker will shed jobs from a loss-making plant in eastern France that makes wire rod.

Nordic Paper Maker’s Workers Walk Out

January 17, 2008 4:40 am | News | Comments

About 2,500 personnel walked out at Stora Enso plants in Finland to protest layoffs and mill closures, union officials said.

Korean Countertop Maker Opening Facility In Ontario

January 17, 2008 4:31 am | News | Comments

LEDC will build a 150,000 square foot manufacturing facility in London, Ont., creating at least 200 jobs.

Mexico Expects Growth In 2008 Manufacturing Exports

January 17, 2008 4:30 am | News | Comments

Manufacturing exports will grow by at least 5 percent, according to a group that represents the majority of the country's manufacture-for-export plants.

Kellogg Acquires Russian Food Company

January 17, 2008 4:26 am | News | Comments

World's leading maker of breakfast cereals bought the United Bakers Group, a leading Russian maker of crackers, biscuits and breakfast cereals for an undisclosed price.

Ottawa: Ford Won't Get Aid For Windsor Plant

January 17, 2008 4:21 am | News | Comments

Finance Minister says Ford of Canada won't get direct financial help to reopen the engine plant because the government doesn't believe in targeted subsidies to specific firms.

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