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GM to Slash Workforce, Brands in Bid for $18 Billion in Loans
Will cut U.S. plants to 38 in 2012 from 47 in 2008.
12/3/2008
Scania to Stop Production in Europe for a Month
Truck maker cites slow demand
12/3/2008
Infineon Posts Heavy Loss
Chip maker sees gloomy outlook
12/3/2008
Chrysler Asks Congress for $7 Billion to Survive
Chrysler estimated that it would have operating profit of $400 million in 2009, if given loans.
12/3/2008
U.S. Private Sector Shed 250,000 Jobs in November
Largest decline in 6 years
12/3/2008
Productivity Rises 1.3% in Q3
But manufacturing fell 2.7%
12/3/2008
Cordis Opens Facility in Ireland
Plant will make the company's newest stent technology.
12/3/2008
Eurozone Producer Prices Fall
Production prices declined by 0.8%
12/3/2008
Ford U.S. Sales Drop 31%
New F-150 helped Ford grow its market share despite the overall weakness in demand.
12/2/2008
South Korean Automakers Cut Production
Weak demand is cause
12/2/2008
India Exports Fall as Global Demand Weakens
Exports fell 12% from last year
12/2/2008
EU Nations Agree on Car Emission Cuts
Automakers will have to reduce CO2 emissions from new cars to 130 grams per kilometer from 2012-2015.
12/2/2008
Toyota to Cut Production, Bonuses
Will suspend production line for Lexus for a few days
12/2/2008
Sweden to Come to Rescue of Saab and Volvo
The automobile industry in Sweden accounts for 15% of the country's exports.
12/2/2008
Pittsburgh Glass Cuts 150 Jobs, Closes Plants
Declining auto market forces restructuring
12/2/2008
Ford Unveils New Reorganization
Predicts profits in 2011
12/2/2008
Toyota's U.S. Sales Drop 34%
Sales for the year to date were down 14%.
12/2/2008
Tata Steel Profit Up 215% in Q2
Earnings from Corus acquisition helped
12/2/2008
GM's U.S. Sales Drop 41%
Company says this is the lowest sales rate in 50 years
12/2/2008
South African Growth Slows to 0.2%
Manufacturing contracted by 1.1%
12/1/2008
BMW, Vatenfall Plan Electric Car Network for Berlin
The companies want to have a realistic view of the technology's potential.
12/1/2008
India's Economy Grows by 7.6%
Manufacturing expanded 5%
12/1/2008
Auto Industry Faces 'Massive' Job Losses Without Aid Says Ghosn
Renault-Nissan chief said countries must move quickly to provide aid to industry
12/1/2008
Suzuki to Lay Off 1,200 at Hungarian Plant
Company has already reduced production at plant
12/1/2008
Eurozone Manufacturing Activity Weaker than Expected
Spain especially saw a major contraction in activity
12/1/2008
Rosneft Reports 80% Jump in Earnings
Russia's largest oil company cites better cost controls along with high prices as reasons for high earnings.
12/1/2008
Manufacturing Index at Lowest Point in 26 Years
Key demand drivers for manufacturing growth, exports and business investment, are weakening significantly.
12/1/2008
Officially, U.S. in Recession Since December 2007
Could last from 6-18 months
12/1/2008
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