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Daily news and top headlines for manufacturing professionals

Japan’s Crude Steel Output Continues Decline

August 19, 2009 5:15 am | News | Comments

Crude steel output in Japan dropped 24.9 percent in July from a year earlier to 7.66 million tons, down from year-before levels for the 10th straight month.

China Inks Iron Ore Deal With Australian Miner

August 17, 2009 5:15 am | by Joe McDonald, AP Business Writer | News | Comments

Beijing announced iron ore supply deal with Fortescue Metals Group Monday in an apparent effort to prod global suppliers to cut prices in deadlocked contract talks.

Carmakers Race To Replenish Depleted Dealer Stocks

August 7, 2009 5:10 am | by Tom Krisher, AP Auto Writer | News | Comments

With customers across the country clamoring to trade in old gas guzzlers under the ‘cash for clunkers’ program, Ford and other automakers are struggling to keep up with demand.

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GM Gets OK To Drop Montana Mine Contract

July 22, 2009 9:45 am | News | Comments

Bankruptcy judge granted General Motors' request to drop its precious metals contract with a Montana mining company so it can use foreign suppliers instead.

Hitachi To Supply Hybrid Car Batteries To GM

July 2, 2009 5:19 am | News | Comments

Japanese electronics maker said it will supply lithium-ion batteries for hybrid vehicles to GM in 2010 and sharply raise production capacity to meet demand for gas-electric cars.

Ford Says List Of Struggling Suppliers Doubles

June 24, 2009 7:29 am | by Kimberly S. Johnson, AP Auto Writer | News | Comments

Automaker says number of its suppliers under distress, bankruptcy protection or under observation has more than doubled in the last year amid slumping auto sales.

U.S. Rejects Auto Supplier Aid Request

June 17, 2009 5:20 am | by Ken Thomas, Associated Press Writer | News | Comments

Obama administration has turned down request by auto suppliers for up to $10 billion in additional federal aid to help parts companies deal with GM and Chrysler bankruptcies.

American Axle Sues Steel Maker

June 17, 2009 5:00 am | by Dan Strumpf, AP Auto Writer | News | Comments

Auto parts supplier is seeking a court order to get one of its steel suppliers to resume deliveries, saying that cutting off supplies threatens the entire auto supply chain.

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Government, Automakers Keep Parts Suppliers Alive

June 16, 2009 5:10 am | by Ken Thomas, Associated Press Writer | News | Comments

While there have been about 20 supplier bankruptcies so far this year, most suppliers have managed to hang on with government aid and timely payments by GM, Ford and Chrysler.

Drugmakers Scramble To Produce Swine Flu Vaccine

June 12, 2009 8:10 am | by Maria Cheng, AP Medical Writer | News | Comments

After the World Health Organization declared a global flu epidemic, the race is on among drugmakers to produce a vaccine.

Retailers Fight Quotas On Chinese Tires

June 11, 2009 5:30 am | News | Comments

Tire retailers say U.S. manufacturers are not making the less-expensive tires that are popular with today's cash-strapped motorists.

Auto Suppliers Seek Billions More In Gov't Loans

June 10, 2009 5:25 am | by Chip Cutter, AP Business Writer | News | Comments

Trade association officials say more guarantees are essential for ailing parts suppliers who are facing revenue shortfalls as auto plants are idled or closed.

GM Says Up To 20 Dealers Get Reprieve

June 10, 2009 5:10 am | by Tom Krisher, AP Auto Writer | News | Comments

Top GM executive said Tuesday that about 500 dealers had appealed the company's decision to eliminate them, with 15 to 20 of those appeals granted.

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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.

China: Rio Tinto Prices 'Unrealistic'

June 1, 2009 5:06 am | News | Comments

Chinese steel industry group rejected iron ore prices negotiated by Australian mining giant Rio Tinto with Japanese and South Korean mills, setting up possible clash with suppliers.

Saudis See No Need For OPEC Cuts

May 27, 2009 5:07 am | by George Jahn, Associated Press Writer | News | Comments

As oil prices rose to six-month highs, Saudi Oil Minister suggested Wednesday that OPEC will opt to keep production steady at its upcoming meeting.

Sony Drops Half Its Suppliers

May 21, 2009 5:11 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japanese electronics and entertainment company said it will halve the number of parts suppliers to slash purchasing costs by $5.3 billion.

Magna To Get $64 Million From Chrysler Filing

May 15, 2009 10:45 am | News | Comments

Chrysler court filing indicates about $64 million owed to supplier Magna International would be honored by automaker's successor after bankruptcy restructuring.

Auto Suppliers Lobby For Support

May 13, 2009 9:43 am | by Ken Thomas, Associated Press Writer | News | Comments

Suppliers appealed to lawmakers for federal support, warning that the U.S. supply base could buckle under from the declining fortunes of General Motors and Chrysler.

Mexican Auto Sales Drop 47 Percent

May 12, 2009 11:05 am | News | Comments

Auto industry officials say car production in Mexico plummeted 47 percent in April compared to the same month last year due to lower foreign and domestic demand.

Cargo Theft A Problem On European Highways

May 12, 2009 9:28 am | News | Comments

Organized crime groups see trucking as 'easy pickings' involving low risk and high returns, Europol report said, with such thefts costing companies $11 billion from 2000-2005.

German Exports Fall 16 Percent

May 8, 2009 5:14 am | News | Comments

Germany's exports in March were down nearly 16 percent to $94.2 billion compared with year-ago levels as the recession bit into demand.

China Becomes Brazil's Leading Trade Partner

May 5, 2009 5:29 am | News | Comments

Brazil's Ministry of Development, Industry and Foreign Commerce says trade with China last month reached $3.2 billion, compared to $2.8 billion with the United States.

Japanese Parts Makers Wary Of Chrysler Fallout

May 1, 2009 5:28 am | by Mari Yamaguchi, Associated Press Writer | News | Comments

Trade and economy minister said aid to troubled suppliers remains a possibility as the government watches for possible fallout from Chrysler's bankruptcy.

BHP Billiton Reports Lower Production

April 22, 2009 5:40 am | News | Comments

Global mining giant reported a sharp drop in quarterly copper production, along with declines in iron ore, petroleum and aluminum production.

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