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Daily news and top headlines for manufacturing professionals

China Risks Backlash With Protectionist Measures

March 31, 2009 5:10 am | by Joe McDonald, AP Business Writer | News | Comments

Beijing is trying to boost exports and avert more job losses by giving companies tax breaks and other aid -- a tactic that could anger Washington and other trading partners.

Obama Expands Government Role In Auto Industry

March 31, 2009 5:04 am | by Jim Kuhnhenn, Associated Press Writer | News | Comments

Rejection of both restructuring plans and his abrupt move to muscle out GM's CEO set the stage for a major realignment of the U.S. auto industry.

Euro Zone Inflation Falls To Record Low In March

March 31, 2009 4:59 am | by Aoife White, AP Business Writer | News | Comments

Inflation in the 16 nations that use the euro hit a record low, growing just 0.6 percent from a year ago as oil prices slumped, the EU statistics agency said.

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Japan Monitoring U.S. Auto Industry

March 31, 2009 4:55 am | by Jay Alabaster, Associated Press Writer | News | Comments

Toyota, Honda and Nissan are archrivals of GM, Ford and Chrysler, but the Japanese automakers also depend on the U.S. market for a huge chunk of their sales.

Canada Says U.S. Right To Reject Auto Plans

March 30, 2009 1:08 pm | by Rob Gillies, Associated Press Writer | News | Comments

Canadian government agrees with President Obama that neither GM nor Chrysler has proposed sweeping enough changes to justify further bailouts.

P & G Chief Blasts President’s Tax Proposal

March 30, 2009 10:40 am | by Terry Kinney, Associated Press Writer | News | Comments

Procter & Gamble CEO says Obama's budget proposal regarding income made overseas would cost American jobs and give foreign businesses an unfair advantage.

Chrysler Workers Critical Of Obama Decision

March 30, 2009 9:23 am | by Ben Leubsdorf, Associated Press Writer | News | Comments

Workers were critical of President Obama's rejection of Chrysler's turnaround plan and looked to a proposed partnership with Italy's Fiat as their company's last chance.

Russia’s AvtoVAZ To Get $1 Billion Bailout

March 30, 2009 9:20 am | by Nataliya Vasilyeva, AP Business Writer | News | Comments

Putin announced nearly $1 billion in government loans for Russia's largest automaker -- a move designed keep the manufacturing giant in business.

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White House Rejects GM, Chrysler Plans

March 30, 2009 8:05 am | by Philip Elliott, Associated Press Writer | News | Comments

Government rejects restructuring plans, sending a message that to survive GM and Chrysler must remake themselves from top to bottom.

GM, Chrysler Failure Has Impact On Global Industry

March 30, 2009 7:55 am | by Patrick McGroarty, Associated Press Writer | News | Comments

GM and Chrysler’s failure to submit acceptable plans to receive more government money increases the likelihood they will file for bankruptcy, a scenario that worries global automakers.

Wagoner Forced Out Of General Motors

March 30, 2009 6:06 am | by Dan Strumpf, AP Auto Writers | News | Comments

GM CEO became a casualty of government intervention, forced out as part of the Obama administration's last-ditch effort to save the century-old auto giant.

Japan May Offer Subsidies For Green Cars

March 30, 2009 6:03 am | News | Comments

Japanese government is considering offering subsidies for the purchase of hybrid and other energy-saving cars in a bid to stimulate the economy and the auto industry.

Japanese Automakers Worried About GM, Chrysler

March 30, 2009 5:36 am | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota and Nissan expressed hopes for a turnaround in the U.S. auto industry, saying a collapse of the Big Three would be a blow for Japanese automakers.

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EU, Euro Economic Confidence Hits Record Low

March 30, 2009 5:25 am | News | Comments

European Commission said Monday that EU and euro-zone business and consumer confidence dropped again in March to the lowest level in 24 years.

EU Approves Spain’s Auto Loan Program

March 30, 2009 5:20 am | News | Comments

European Union regulators on Monday cleared Spain to give low-interest loans to companies that make fuel-efficient cars or car parts.

Japan's Industrial Production Falls 9 Percent In February

March 30, 2009 5:17 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Factory output tumbled 9.4 percent from a month earlier, with especially steep cutbacks among makers of motor vehicles and general machinery, the government said.

France Set To Limit Executive Bonuses

March 30, 2009 5:13 am | News | Comments

French government due to announce limits on bonuses and stock options at companies that receive state bailouts, but union leaders say the measures don't go far enough.

EADS Committed To A400M Program

March 30, 2009 5:06 am | Airbus | News | Comments

Airbus parent company said it is committed to its delayed and troubled military transport aircraft program, but that the original contract needed to be renegotiated.

Granholm Calls Wagoner 'Sacrificial Lamb'

March 30, 2009 4:54 am | News | Comments

Michigan governor said GM CEO Rick Wagoner had worked at the automaker for over 30 years and was trying to turn it around when he was ousted by the government.

Jobless Rate Tops 10 Percent In Seven States

March 27, 2009 1:57 pm | by Jeannine Aversa, AP Economics Writer | News | Comments

Labor Department said Friday seven states have unemployment rates that topped 10 percent last month, up from four states in January.

AP: Administration Wants More From Automakers

March 27, 2009 11:14 am | by Ken Thomas, Associated Press Writers | News | Comments

Requirements could go beyond concessions outlined in the terms of the first government loans given to the automakers by the Bush administration, a source said.

Consumer Spending Posts 2nd Straight Rise

March 27, 2009 8:05 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, following a huge 1 percent jump in January.

U.S. Trying To Avoid Kyoto Protocol Repeat

March 27, 2009 7:28 am | by Vanessa Gera, Associated Press Writer | News | Comments

Refusal to join program to reduce emissions drew sharp criticism, and fueled views the Bush administration was opposed to global cooperation and environmental preservation.

Germany’s Inflation At 10 Year Low

March 27, 2009 7:15 am | by George Frey, AP Business Writer | News | Comments

Preliminary data from six German states indicate consumer prices rose only 0.5 percent in March from a year earlier, the lowest rate of inflation since July 1999.

Opel Sales Jump On Car-Scrapping Bonus Program

March 27, 2009 6:08 am | News | Comments

General Motors' German unit saw first-quarter sales in Germany surge 60 percent as the government introduced a car-scrapping bonus to encourage auto sales.

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