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U.S. factory orders drop
The Associated Press via Manufacturing.net Share    
New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession. The Commerce Department said that demand for
manufactured goods dropped 0.8 percent, much worse than the 0.7 percent gain that economists had expected. The August decline reflected plunging demand for commercial aircraft, a category that surged in July. MORE
Toyota president optimistic about global auto recovery
IndustryWeek Share
Toyota Motor's new president Akio Toyoda said on Oct. 2 he is optimistic about prospects for the ailing global auto industry but warned that the yen's recent surge may delay its recovery. The grandson of the company's founder confirmed that, for this year, the U.S. and Japanese auto markets are on course for sizable drops in sales in the wake of the global
financial crisis. "But (sales) will certainly pick up in the long run," said Toyoda, 53, who took the top job in June. More
Collapse of deal for Saturn stuns GM
The Detroit Free Press Share
One day, General Motors Co. thought it had a deal to sell its storied brand Saturn. But the following afternoon, a
day before the deal was to be announced, the Detroit automaker was blindsided by the news that businessman Roger Penske's deal to acquire Saturn had collapsed. The news sent shockwaves through the GM organization. More
China over turns the applecart
Steel Guru Share
Last week saw a sharp acceleration of Chinese steel products offers and booking. Since the beginning of the week, day by day, Chinese Mills and Traders have increased the pressure on EU buyers by quoting progressively lower prices. Mainly HRC are under a strong offer coming from main Chinese Mills, including those of 1st tier such as Wuhan, Angang and Shagang. More
Deere recalls nearly 90 Dubuque workers
The Telegraph Herald Share
Deere & Co. and the United Auto Workers have reached a tentative contract agreement, sending out official word about the agreement one minute before the old contract expired. As management and labor lauded a workable pact in challenging economic times, a Deere official confirmed that
nearly 90 employees previously laid off have been called back to John Deere Dubuque Works in recent months. More
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See Innovative Rack and Gear Company's new Saikuni HR-2000 at Gear Expo 2009, Booth #309. This CNC rack milling machine is capable of milling hardened rack teeth and produces tooth finishes and accuracies comparable to rack grinding. MORE
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Finding demand after 'Clunkers'
Forbes Share
Now that cash for clunkers is finished, what will inspire consumer demand? The data is mixed, industry observers are divided and the growth to come is not clear. On its face this fear seems unfounded. Lots of economic data show things seem to be headed in the right direction for the U.S. economy. For example, the Institute of Supply Management's most recent report shows the
domestic manufacturing sector rose for the second straight month in September and the overall economy grew for the fifth consecutive month. More
Hummer deal up in the air, Saturn on it's
way out
The Daily Advertiser Share
While negotiations for the sale of the
Hummer brand to a Chinese company are ongoing, discussions for the sale of GM's Saturn brand to Penske Automotive Group broke down. Progress still is being made in talks between GM and Sichuan Tengzhong Heavy Industrial Machinery Co., Hummer LLC spokesman Nick Richards said. More
Mittal set to exit $20 billion Indian steel project
Reuters Share
Steel company ArcelorMittal is close to pulling out of a $20 billion
plan to build two steel plants in India due to difficulties buying land, its chairman and main owner, Lakshmi Mittal, told The Financial Times. Delays in persuading farmers and others to sell land for the development in the states of Jharkand and Orissa were holding up the project, Mittal said. More
GM set for 'harder life' in China as partner SAIC adds models
The Korea Herald Share
SAIC and other Chinese carmakers that work with overseas companies are introducing their own models to boost margins in a country set to become the world's biggest auto market this year. Foreign automakers typically have no remedy because Chinese law
forces them to work with a local partner. SAIC will add about 30 own-brand models by 2012, threatening Volkswagen and U.S. government-controlled GM. More
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X-R-I Testing provides nondestructive testing services from full-service locations in Troy, Michigan and Cleveland, Ohio, including traditional and digital
radiography, magnetic particle inspection, liquid penetrant inspection, ultrasonic inspection, ultrasonic immersion cleaning, vapor de-greasing, de-scaling, passivation, etching prior to penetrant inspection, macro etch and temper (nital) inspection. NADCAP, ISO 9002 and AS9100 accredited. MORE
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