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Data shows U.S. manufacturing continues to strengthen All Headline News Share     The latest round of manufacturing related data was better than expected as capacity and utilization both ticked up in February. The Federal Reserve released it industrial production index for February, reporting a 0.1 percent increase, marking eight straight months of gains. The increase was slightly better than expected as economists expected the index to remain flat following the 0.9 percent jump in January. More
Auto sales soar in early March The Detroit Free Press Share
Sales of new cars and trucks, boosted by warmer weather and bigger incentives, increased so much during the first half of March that some dealers are worried that the pace is too good to be true. "I'm afraid to extrapolate it even to the end of the month," said Doug Fox, owner of Ann Arbor Automotive, which sells multiple brands. "If it does, we would be up dramatically over last March." More DOE releases report on benefits of ARRA on renewable energy small businesses North American Windpower Share
The U.S. Department of Energy has released a new report highlighting the benefits of the American Recovery and Reinvestment Act of 2009 to small businesses throughout the renewable energy industry and environmental management sector. The report found that as of early this month, small businesses have been selected to receive nearly $5.4 billion in funding across a number of ARRA and related programs, including loans, loan guarantees, grants, contracts and tax incentives, in partnership with the Department of the Treasury. More GM fights states that try to help auto dealers The Associated Press via Manufacturing.net Share
General Motors is fighting legislation in at least five states that gives automobile dealers leverage over carmakers in the scramble for franchises. One such measure nearing final passage in Kentucky would give auto dealers who lost franchises first crack at new ones. More
Manufacturing production is rebounding Industry Week Share
Manufacturing will see stronger recovery than the general economy, according to a new report by the Manufacturers Alliance/MAPI. "A recovery is clearly under way. Monthly data for manufacturing production indicate that the recession, which started in January 2008, ended in June 2009," said Daniel J. Meckstroth, Chief Economist for the Manufacturers Alliance/MAPI. More High demand: Boeing speeds up 777, 747 production USA Today in the Sky Blog Share
Boeing says it will speed up its production plans for its 747 and 777 jet models. The Chicago-based jet maker says it's doing so "in anticipation of greater demand from commercial airlines in a couple of years," The Associated Press writes. AP adds both jet types "are wide-body planes capable of carrying more than 300 passengers and flying longer routes. Several Asian airlines have ordered the planes, which are also more fuel-efficient than other aircraft models." More Harley-Davidson shares gain on takeover talk Reuters Share
Harley-Davidson Inc., shares jumped 6 percent to their highest level in more than four months, lifted by speculation the motorcycle maker could be the target of a leveraged buyout. Harley refused to comment on the market talk of a looming deal, which at least one analyst dismissed as "highly unlikely." More Wind project developer has $4 billion plan The Detroit News Share
A wind project developer has floated a $4 billion plan that includes offshore wind farms in Lake Michigan and luring a wind turbine manufacturer to western Michigan. Chanhassen, Minn.-based Scandia Wind Offshore LLC wants to build a wind facility six miles off the coast of Grand Haven. With that and two other wind farms it has proposed in the area, the company said it would work to bring a wind turbine manufacturer potentially employing about 3,000 people. More CISA: Tough year ahead for steel market Ali Baba Share
China's domestic steel market, suffering from oversupply, will see a series of reforms soon to address deep-rooted problems such as disorderly imports, according to a vice-chairman of the China Iron and Steel Association, which is currently leading the country's annual price negotiations with the world's top three iron ore miners. Luo Bingsheng said Friday at the 2010 China Steel Industry Development Conference in Tangshan, Hebei Province that "we shouldn't be overly optimistic" on the domestic steel market this year. More
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