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Obama orders cabinet to spearhead export drive IndustryWeek Share     President Barack Obama, facing pressure to boost jobs to help an economic revival, unveiled a broad initiative on to pry open foreign markets for U.S. exports, targeting emerging economies like China, India and Brazil. Commerce Secretary Gary Locke, releasing details of the new National Export Initiative, said Obama ordered a cabinet level group to oversee the strategy with a vigorous effort to remove trade barriers and make accessible export financing to U.S. firms. More
Boeing workers cheer first flight of a 'graceful monster' The Seattle Times Share
To shouts of "Come on big bird!" and "Yeah!" the Boeing 747-8 soared into the sky on its first flight from Everett's Paine Field Airport. The plane returned after nearly four hours of flying east-west and north-south loops over the Olympic Peninsula, with one swing southeast around Mt. Rainier. More Permits drag on U.S. mining permits The Wall Street Journal Share
Obtaining the permits and approvals needed to build a mine in the U.S. takes an average of seven years, among the longest wait time in the world. So despite having vast underground stores of raw materials, the U.S. is one of the last places miners go to start a project. More Toyota tells U.S. dealers to expect Prius plan update this week BusinessWeek Share
Toyota Motor Corp., grappling with record U.S. recalls, said it told U.S. dealers to expect an update early this week on steps the company plans to take to address complaints over brakes on the 2010 model Prius hybrid. "We notified dealers in a short letter yesterday that we believe we'll have more specific information on our plans for Prius next week," John Hanson, a spokesman for Toyota's U.S. sales unit, said. More U.S. Navy, Air Force mapping joint battle concept Aviation Week Share
The U.S. Navy and Air Force are beginning to work out the details of a joint battle concept given high priority in the 2010 Quadrennial Defense Review (QDR). "We felt the two services ought to get together and pool our capabilities against anti-access threats across a range of operations," Rear Adm. William Burke, director of the Naval Integration Group for the QDR, told reporters. More
Two-thirds of automotive manufacturing jobs in Great Lakes Bay Region lost since 2000 The Bay City Times via MLive.com Share
The Great Lakes Bay Region saw two-thirds of its automobile manufacturing jobs drive out of town in the past decade. Since 2000, more than 8,000 positions in transportation equipment manufacturing were lost in Bay, Saginaw and Midland counties, according to state labor data. "Clearly there's been a job market shift," said Ed Oberski, chief executive officer of the Great Lakes Bay Michigan Works agency. "The number of manufacturing jobs has decreased." More China holds U.S. engineer in secrecy laws case Manufacturing.net Share
Chinese police have detained an American automotive engineer for more than a year on accusations he misused trade secrets -- the latest case of vague secrecy laws being used against an American in China. Hu Zhicheng, a prize-winning designer of industrial catalysts to control auto emissions, has had letters from his family censored and has been denied reading materials during his detention in the port city of Tianjin, said the U.S. Embassy in Beijing. Last week police rejected an Old Testament he asked U.S. consular officers to bring him. More Chrysler gets extension to try to save Sterling Heights Assembly Plant, 1,200 jobs The Detroit Free Press Share
Chrysler is negotiating to buy the Sterling Heights Assembly Plant from its bankruptcy estate and save about 1,200 jobs that were expected to be eliminated at the end of 2010. More GM China sales nearly doubled in January The Detroit News Share
General Motors Co., which has long looked to China as a growth market, nearly doubled its sales there in January, a record for the month. The Detroit automaker said it sold 219,192 vehicles in China in January, up 97 percent from a year earlier. By contrast, GM sold 146,315 vehicles in the United States in January, a 14 percent increase from January 2009. More |
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