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Daily news and top headlines for manufacturing professionals

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.

Japan's Export Slump Eases

April 22, 2009 5:28 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Exports in March plunged by almost 46 percent from a year earlier, but the decline wasn't as bad as February, a small sign overseas demand may be headed for recovery.

Volkswagen's 1Q Sales Drop 11 Percent

April 17, 2009 5:49 am | News | Comments

VW said Friday that its first quarter sales slipped 11.4 percent from last year, with declines in the U.S. offset somewhat by growth in Germany, Russia and China.

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.

Business Inventories Decline In February

April 14, 2009 6:50 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Commerce Department said Tuesday business inventories dropped 1.3 percent in February, matching the January decline and close to 1.2 percent fall economists expected.


Farm Equipment Sales Fall In March

April 13, 2009 9:29 am | News | Comments

Tractor sales made a "relatively slow start" to the spring selling season, though combine sales remained strong, according to data from the Association of Equipment Manufacturers.

China Denies Alleged Steel Pipe Dumping

April 10, 2009 5:13 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Chinese steelmakers say they are abiding by international trade rules and reject charges of dumping, as tensions rise over surging U.S. imports of Chinese steel.

Chinese Export Decline Eases In March

April 10, 2009 4:59 am | by Joe McDonald, AP Business Writer | News | Comments

Exports of Chinese goods fell 17 percent in March from a year earlier, the fifth straight monthly decline but less severe than February's 25.7 plunge.

ArcelorMittal To Continue Steel Production Cuts

April 8, 2009 6:05 am | News | Comments

World's largest steel maker said Wednesday it would not lift its sharp production cuts as long as steel demand remains low and until stocks are used up.

German Exports Drop 23 Percent

April 8, 2009 5:22 am | by Geir Moulson, Associated Press Writer | News | Comments

Federal Statistical Office said exports fell 23.1 percent to $86.3 billion in February, while imports fell 16.4 percent to $74.2 billion.

A123 To Supply Batteries For Chrysler Electric Cars

April 6, 2009 10:50 am | News | Comments

Chrysler says a Massachusetts-based company will supply lithium-ion batteries for the automaker's first-generation electric cars scheduled to go on sale next year.

Canada Scales Back Reliance On U.S. Trade

April 3, 2009 5:44 am | News | Comments

Statistics Canada reports the U.S. accounted for 65.7 percent of Canada's total merchandise trade in 2008, down from 67.2 percent in 2007.

German Import Prices Drop In February

April 3, 2009 5:07 am | News | Comments

Import prices fell by 6.4 percent, the steepest decline in more than a decade, due mostly to a 26 percent drop in energy costs, the Federal Statistical Office said.

Boeing 1Q Deliveries Rise 5 Percent

April 2, 2009 7:49 am | Boeing | News | Comments

Chicago-based aerospace giant delivered 121 jetliners in the first three months of 2009, a 5 percent rise from the same period last year, despite weaker demand for planes.

China Sending Trade Mission To U.S.

April 1, 2009 5:35 am | News | Comments

Trip comes ahead of a meeting of a high-level U.S.-Chinese economic forum held twice a year on economic and trade issues, a Chinese newspaper said.

German Import Prices Tumble In January

March 27, 2009 4:57 am | News | Comments

Federal Statistical Office said import prices marked their biggest decline in a decade, falling 5.4 percent from the same month a year earlier due mostly to cheaper fuel.

Asian Exports Help U.S. Pork Industry

March 23, 2009 4:54 am | by James Hannah, Associated Press Writer | News | Comments

Nearly a quarter of the pork produced in the U.S. goes abroad, giving new life to an industry that produces more pork than Americans can eat.

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