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Daily news and top headlines for manufacturing professionals

Canadian Automakers Want 'Cash For Clunkers' Plan

June 5, 2009 7:16 am | News | Comments

Car makers and dealers are urging the federal government to spend $350 million to get people to scrap old clunkers and buy new vehicles.

Siemens Bribery Drama Grips Greece

June 5, 2009 7:15 am | by Nicholas Paphitis, Associated Press Writer | News | Comments

Prosecutors say industrial conglomerate Siemens spent over $80 million illegally in Greece to win a contract with state owned telephone operators OTE.

EU Approves Volvo Loans For Cleaner Cars

June 5, 2009 5:23 am | News | Comments

European Commission says Volvo planning to use $708 million from European Investment Bank for its $2.7 billion project to develop fuel-efficient low-emissions vehicles.

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Court To Hear Arguments On Chrysler Assets Sale

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

U.S. Circuit Court of Appeals is to hear arguments Friday on whether Chrysler can sell the bulk of its assets to a group led by Italy's Fiat.

German Economy To Stagnate In 2010

June 5, 2009 5:00 am | News | Comments

Germany's economy will shrink by 6.2 percent this year and stagnate in 2010, the country's central bank said Friday.

Russia Optimistic About WTO Entry

June 4, 2009 10:15 am | by Catrina Stewart, Associated Press Writer | News | Comments

Talks on joining the World Trade Organization could conclude by end of 2009, potentially paving the way for official entry next year, Russian economy minister said.

Chrysler Dealers Contest Terminations

June 4, 2009 10:10 am | by Bree Fowler, AP Auto Writer | News | Comments

Dealers slated to lose their franchises took the stand Thursday in Chrysler’s bankruptcy protection case, questioning how they were chosen for termination.

S.D. Senator To Allow Labor Vote

June 4, 2009 10:09 am | News | Comments

Democratic Sen. Tim Johnson says he will vote to bring the Employee Free Choice Act to the Senate floor for debate.

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Unemployment Claims Hint Of Good News

June 4, 2009 8:10 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Labor Department says the number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new claims also dipped.

U.S. Pork Industry Frustrated By Bans In Russia, China

June 4, 2009 6:47 am | by Luke Meredith, Associated Press Writer | News | Comments

Continued bans on U.S. pork imports have baffled government and industry officials, and some speculate the issue is more about market share than health concerns.

Former Siemens Exec Testifies In Graft Case

June 4, 2009 6:45 am | by Nicholas Paphitis, Associated Press Writer | News | Comments

Ex-head of Siemens’ Greek branch appeared Thursday before a magistrate investigating alleged corruption in a case that has dominated political debate.

Chrysler Makes Good Case For Dealer Cuts

June 4, 2009 6:10 am | by Bree Fowler, AP Auto Writer | News | Comments

Judge overseeing Chrysler's bankruptcy case said that automaker has a good case for termination of 789 of its dealer franchises as part of its ongoing restructuring.

Productivity Increase Higher Than Expected

June 4, 2009 5:45 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Labor Department said productivity rose at a seasonally adjusted annual rate of 1.6 percent in first quarter, double the government's estimate last month.

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Government-Led Auto Bankruptcies Face Scrutiny

June 4, 2009 5:18 am | by Ken Thomas, Associated Press Writer | News | Comments

Group of Republicans wants to give Congress veto power over the expenditure of any bailout money by the government to buy a stake in a company.

General Motors, Chrysler Defend Dealership Decisions

June 3, 2009 1:49 pm | by Ken Thomas, Associated Press Writer | News | Comments

GM and Chrysler defended their decisions to slash dealerships around the country, calling the moves unavoidable despite the pain to many loyal dealers and customers.

Judge To Rule On Chrysler Fiat Sale, Franchises

June 3, 2009 8:58 am | by Bree Fowler, AP Auto Writer | News | Comments

Federal appeals court late Tuesday halted Chrysler's sale of the bulk of its assets to Italy's Fiat pending an appeal by a trio of Indiana state pension and construction funds.

Factory Orders Rise Again

June 3, 2009 8:09 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Commerce Department says factory orders rose 0.7 percent in April, the second increase in three months and further evidence that manufacturers may be recovering.

China Probes U.S., Russian Steel Pricing

June 3, 2009 8:04 am | News | Comments

Beijing investigating imports of U.S. and Russian steel under anti-dumping rules amid a rise in Chinese imports of the metal.

Jobless Rates Rise In U.S. Metro Areas

June 3, 2009 8:03 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Labor Department said jobless rates rose in U.S. metropolitan areas for a fourth month in April, with Indiana's Elkhart-Goshen leading the pack at 17.8 percent.

Court Upholds Navy’s Termination Of A-12 Aircraft Deal

June 3, 2009 5:50 am | by Donna Borak, AP Business News | Boeing | News | Comments

Navy was justified in 1991 when it opted to cancel $4 billion contract with McDonnell Douglas and General Dynamics to build a stealth aircraft, U.S. appeals court ruled.

Lawmaker Wants Limits On Chinese Tire Imports

June 3, 2009 5:45 am | News | Comments

An Oklahoma congressman believes jobs in his district will continue to be threatened unless existing trade rules are used to stem Chinese tire imports into the United States.

FDA Establishes Overseas Presence

June 3, 2009 5:35 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Food and Drug Administration has expanded offices around the world and heightened contacts with counterpart agencies in order to improve product safety for Americans at home.

FDA Reconsidering Decision On Safety Of BPA

June 3, 2009 5:25 am | by Matthew Perrone, AP Business Writer | News | Comments

Food and Drug Administration is reviewing its conclusion from last year that a much-debated chemical used in baby bottles and food containers is safe for infants.

Senate To Review GM, Chrysler Dealer Shutdowns

June 3, 2009 5:24 am | by Ken Thomas, Associated Press Writer | News | Comments

Top execs will face tough questions from lawmakers who say dealership closings will put thousands of people out of work and offer few savings to GM or Chrysler.

Air Force Cancels Boeing Chopper Contract

June 3, 2009 5:20 am | Lockheed Martin, Boeing, United Technologies Corp. | News | Comments

Termination covers a $712 million contract that was awarded to Boeing in 2006 when the Air Force first selected it to build the new combat search and rescue helicopter.

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