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Daily news and top headlines for manufacturing professionals

EU Concerned About Renault Production Move

March 20, 2009 8:18 am | by Raf Casert, Associated Press Writer | News | Comments

European Union asked France to explain the decision of car maker Renault SA to move excess production from its Slovenia plant to France.

Germany Expects More Job Losses

March 20, 2009 8:15 am | News | Comments

Finance Ministry said Friday that Germany's economy shows no signs of picking up anytime soon and unemployment will likely jump as growth slows.

EU To Double Bailout Fund For Members

March 20, 2009 6:20 am | News | Comments

European Union presidency says EU nations have agreed to double funds meant to bail out struggling member states to $68 billion.

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AP: GM Bondholders Want More Flexibility

March 20, 2009 5:35 am | by Ken Thomas, Associated Press Writer | News | Comments

Bondholders of General Motors are appealing to both the government and the automaker for more flexibility as they try to reduce GM's massive amount of unsecured debt.

OECD Backs China Push For Bigger IMF Role

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

Head of the Organization for Economic Cooperation and Development endorsed China's appeal for more say in global finance bodies ahead of a summit of world leaders.

Lawmakers: Food Industry's Private Inspections Weak

March 20, 2009 5:20 am | by Ricardo Alonso-Zaldivar, Associated Press Writer | News | Comments

Food industry's private inspection system failed to catch filthy conditions at a peanut plant linked to a nationwide salmonella outbreak because the company itself hired the inspectors.

German Producer Prices Edge Upward In February

March 20, 2009 5:17 am | News | Comments

Cost of raw materials and energy for German manufacturers rose 0.9 percent from a year earlier, largely due to a natural gas price increase, the Federal Statistical Office said.

EU Steel Makers Say Jobs Suffer

March 20, 2009 5:13 am | News | Comments

European steel makers said Friday that one in six workers have lost their jobs or are working shorter hours as demand for steel has collapsed.

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Europe's Industrial Output Continues To Shrink

March 20, 2009 5:09 am | News | Comments

Industrial activity in the Eurozone plunged 3.5 percent in January, as the economic crisis caused manufacturers to shut down plants, cut work hours, and delay investments.

Auto Suppliers To Get $5 Billion In Aid

March 19, 2009 1:12 pm | by Ken Thomas, Associated Press Writer | News | Comments

Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers linked to Detroit's carmakers.

German State Considers Stake In Qimonda

March 19, 2009 11:10 am | News | Comments

State of Saxony is mulling a 25 percent stake in bankrupt computer chipmaker Quimonda AG in order to have a voice in future company decisions.

EPA Says Some Toxic Chemicals Increased In 2007

March 19, 2009 10:55 am | by Dina Cappiello, Associated Press Writer | News | Comments

Despite a 5 percent overall decline, the Environmental Protection Agency says more mercury, dioxin and polychlorinated biphenyls entered the environment.

European Union Says No To Additional Stimulus

March 19, 2009 10:20 am | by Raf Casert, Associated Press Writer | News | Comments

EU rejected calls for more government spending to help dig out of the recession despite nationwide strikes in France and gloomy unemployment figures in Britain.

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Unemployment On The Rise In Metro Areas

March 19, 2009 10:06 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

In a sign of just how pervasive job losses have become, Labor Department said unemployment rose earlier this year in all but one of the 372 metropolitan areas it tracks.

Opel Dealers Offer To Invest In Company

March 19, 2009 10:02 am | by Guido Rijkhoek, AP Business Writer | News | Comments

Dealers principally agreed to pay $203 for every sold car into a fund for the next three years, through which the dealers would own a stake of GM’s German subsidiary.

Swedish Unemployment Rises To 8 Percent

March 19, 2009 8:10 am | News | Comments

Sweden's unemployment rate rose to 8 percent in February from 7.3 percent the month before, with jobs slashed mostly in manufacturing and construction, the national statistics agency said.

New Jobless Claims Better Than Expected

March 19, 2009 8:05 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Labor Department said Thursday that initial requests for unemployment insurance dropped to a seasonally adjusted 646,000 from previous week's revised figure of 658,000.

France Hit By New Wave Of Protests

March 19, 2009 7:55 am | by Jean-Marie Godard, Associated Press Writer | News | Comments

Thousands of protesters from public and private sectors demanded President Sarkozy open new talks on the government's policies to fight the deepening economic crisis.

Food Safety Inspections Challenged

March 19, 2009 7:44 am | by Ricardo Alonso-Zaldivar, Associated Press Writer | News | Comments

Industry's self-policing system failed to catch filthy conditions at a peanut processing plant blamed for a nationwide salmonella outbreak, lawmakers said Thursday.

Canada's Inflation Rate Reaches 1.4 Percent

March 19, 2009 6:26 am | by Julian Beltrame, AP | News | Comments

Annual inflation rate rose to 1.4 percent in February, reversing a recent trend toward lower costs for most items consumed by Canadians.

China Defends Decision On Coca-Cola Bid

March 19, 2009 6:19 am | by Joe McDonald, AP Business Writer | News | Comments

Regulators cited concern merger would hurt competition and raise prices, but industry analysts said Beijing wanted to keep a leading homegrown brand out of foreign hands.

Germany Says No Need For More Stimulus

March 19, 2009 5:45 am | News | Comments

Chancellor Angela Merkel stood firm against calls for further pledges to stimulate Germany's economy, saying nearly $105 billion pledged by the government so far must first take effect.

China Gets Desperate As Factory Orders Fall

March 19, 2009 5:35 am | by William Foreman, Associated Press Writer | News | Comments

Thousands of factories are idle or haven't even bothered to open since the Lunar New Year holiday ended in late January, which usually marks the start of the busy season.

Experts Say Asia Should Focus On Domestic Demand

March 19, 2009 5:29 am | by Yuri Kageyama, AP Business Writer | News | Comments

Panel of Asian researchers said the global financial crisis underlined the critical need for the region to grow less export-dependent and foster domestic demand.

Canadian Auto Parts Industry Struggling To Survive

March 19, 2009 5:25 am | by Kristine Owram, Canadian Press Writer | News | Comments

Several parts suppliers have been forced to shut down operations in the last few months as the weak economy cuts into demand for new vehicles and the parts that go into them.

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