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Daily news and top headlines for manufacturing professionals

Iowa Postpones Deere's Tax Credit Repayment

April 17, 2009 5:50 am | News | Comments

Economic officials have delayed action on a request by Deere & Co. to repay 25 percent of $7.1 million in tax credits for a $44 million expansion in Davenport.

EPA Raids Pet Treat Plant In Kansas

April 17, 2009 5:40 am | News | Comments

Environmental Protection Agency said it is investigating environmental and other alleged federal crimes at TreatCo, one of the nation's largest suppliers of natural dog treats.

Germany Sees Recession Intensifying In 1Q

April 17, 2009 5:35 am | News | Comments

In a monthly report, the Economy Ministry indicated that German exports continued to fall in the January-March quarter.

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February Euro Zone Trade Deficit Shrinks

April 17, 2009 4:57 am | News | Comments

Trade deficit in the 16 countries that share the euro currency narrowed to $2.6 billion in February, according to the European Union's statistics agency.

AP: UAW Focusing On Chrysler Talks

April 16, 2009 1:51 pm | by Tom Krisher, AP Auto Writer | News | Comments

Union placed concession talks with GM on the back burner as it tries to reach a deal with Chrysler before an April 30 government deadline.

Canada Says Chrysler Must Slash Labor Costs

April 16, 2009 10:10 am | by Kristine Owram, CP Writer | News | Comments

Chrysler must slash labor costs to a level competitive with non-unionized plants, and must go beyond concessions met in a recent GM Canada deal, says federal Industry Minister.

China's Economy Slows In 1Q, Recovery Ahead

April 16, 2009 8:20 am | by Joe McDonald, AP Business Writer | News | Comments

Worst might be over for China's economy even as growth in the first quarter slumped to its lowest rate in more than a decade.

Canada Unveils $145M Auto Industry Program

April 16, 2009 6:15 am | News | Comments

Industry Minister says the $145 million program aimed at helping Canada’s beleaguered auto sector will jump start development of higher tech, more environmentally friendly cars.

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India OKs Satyam Sale To Tech Mahindra

April 16, 2009 6:11 am | by Erika Kinetz, AP Business Writer | News | Comments

Indian government approved the sale of fraud-tainted Satyam Computer Services Ltd. to Tech Mahindra on Thursday.

Aircraft Industry Wants More EU Funding

April 16, 2009 6:00 am | Airbus, Boeing | News | Comments

Airbus and other European aerospace companies called on European Union governments to boost funding for new aircraft in order to keep pace with U.S. rivals like Boeing.

Britain Plans Incentives For Electric Cars

April 16, 2009 5:54 am | News | Comments

Once the infrastructure to support it is in place, the government plans to offer cash incentives to encourage motorists to switch to electric cars, officials said Thursday.

New Jobless Claims Fall More Than Expected

April 16, 2009 5:50 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Initial claims dropped a seasonally adjusted 610,000 from a revised 663,000 the previous week -- significantly below analysts' expectations of 655,000 and the lowest level since January.

Delphi Gets $2.4M Of Federal Stimulus Money

April 16, 2009 5:30 am | News | Comments

Company has been awarded $2.4 million in federal stimulus money to develop and test fuel-cell technology.

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Obama Administration Won't Cite China On Currency

April 16, 2009 5:27 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Administration declined to cite China for manipulating its currency, going against expectations it would take a tougher line in dealing with China than the Bush administration.

Michigan Defends Federal Stimulus Plan

April 16, 2009 5:25 am | by John Flesher, Associated Press Writer | News | Comments

President Barack Obama's economic recovery plan will be good for Michigan even as it pushes the federal government further into debt, Gov. Jennifer Granholm said.

Fed Survey Shows Faint Signs Of Rebound

April 16, 2009 5:20 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve’s latest survey of business conditions nationwide found faint signs the steep plunge in economic activity that began last fall is starting to level off.

Europe's Industrial Output Posts Record Drop

April 16, 2009 5:00 am | by Aoife White, AP Business Writer | News | Comments

Industrial production in February for the Eurozone fell 18.4 percent, while the entire European Union posted a drop of 17.5 percent -- the steepest decline since 1986.

Obama's Target For Plug-In Hybrids Hard To Reach

April 15, 2009 1:58 pm | by Ken Thomas, Associated Press Writer | News | Comments

President Obama's campaign pledge to put 1 million plug-in hybrid cars on the road by 2015 is fraught with difficulties, including technical and engineering hurdles.

U.S. Consumer Prices Fall In March

April 15, 2009 10:43 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Consumer prices edged down 0.1 percent last month; it was a better performance than the 0.1 percent rise in the Consumer Price Index that economists had expected.

Deere Wants To Return $1.8M Iowa Tax Credit

April 15, 2009 6:25 am | News | Comments

Company wants to repay Iowa 25 percent of $7.1 million in tax credits for a $44 million expansion in Davenport, saying it isn’t sure it will retain the manufacturing jobs required.

China, U.S. To Discuss Steel Dispute

April 15, 2009 6:20 am | News | Comments

Beijing will send a delegation to the United States to discuss charges that its steelmakers are dumping steel pipes on the American market, a Commerce Ministry spokesman said.

Canada New Vehicle Sales Fall In February

April 15, 2009 6:15 am | News | Comments

Statistics Canada reports sales of new motor vehicles fell 2.2 percent to 115,187 units in February, but preliminary data shows sales rose six percent in March.

Report: Michigan Should Focus Less On Manufacturing

April 15, 2009 5:55 am | by Kathy Barks Hoffman, Associated Press Writer | News | Comments

Progress report says the auto industry never again will be the major engine of prosperity in Michigan, and that even new manufacturing won't provide high-paid jobs.

Japan Urges Manufacturers To Make Low-Cost Goods

April 15, 2009 5:30 am | News | Comments

Government is suggesting Japanese manufacturers seek growth by stepping up efforts to develop low-priced products targeting middle-income consumers in emerging economies.

Chrysler Debtholder Talks Advance, GM Stalls

April 15, 2009 5:22 am | by Tom Krisher, AP Auto Writer | News | Comments

Pace of negotiations between Chrysler and its debtholders picked up this week, but talks at GM have slowed as both companies face looming government deadlines.

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