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Late-Breaking Headline News for Manufacturing Professionals October 3, 2008 |
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| Congress Approves $700 Billion Bailout Final vote of 263-171 capped two weeks of tumult for Congress and Wall Street, with warnings the U.S. faced the gravest economic crisis since the Great Depression... continue Auto Companies Cut Over 18,000 Jobs In September Automakers and parts suppliers cut 18,200 jobs, as the companies continued to scale back production in light of the ongoing slump in new vehicle demand... continue .gif) Electric Cars Draw Crowds At Paris Show As the race to offer the first commercially viable electric car charges up, automakers displayed a slew of models at the Paris Motor Show on Friday... continue InBev: Costs Up More Than Expected Belgian brewer, which is taking over Anheuser-Busch, said it will accelerate cost-cutting efforts, using its global muscle to keep supply costs down... continue FDA: Eating Melamine OK In Tiny Amounts Food and Drug Administration said Friday its safety experts concluded that eating a very tiny amount of melamine -- 2.5 parts per million -- would not raise health concerns... continue  Tata Pulls $2500 Nano Out Of Besieged Factory Indian automaker will abandon plans to build the world's cheapest car in West Bengal and relocate elsewhere to end months of threats against the plant and its workers... continue Russian Tycoon Forced To Sell Magna Stake Oleg Deripaska, regarded as Russia's richest man, has been forced to sell a 20 percent stake in Canadian car parts maker Magna International Inc. to creditors... continue  |
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