Auto Czar to Take Manufacturing Helm from The Detroit News President Barack Obama will
announce that he's tapping his chief auto adviser to try to revitalize the struggling U.S. manufacturing sector. Ron Bloom will assume the title of senior counselor for manufacturing policy, in addition to his role as senior adviser on the President's Task Force on the Automotive Industry. Bloom has a big job ahead of him. More
Low Steel Demand Pushes Severstal Into a Loss from The Wall Street Journal Russian steelmaker OAO
Severstal that lower demand for steel pushed it into a second-quarter net loss, but added it sees encouraging, albeit fragile, signs of improvement in the third quarter. The company, controlled by tycoon Alexei Mordashov, said that further improvements will depend on the pace of global economic recovery, as well as industry production and pricing discipline.More
Shandong Iron Acquires Rizhao Steel Through Venture from Bloomberg Shandong Iron & Steel Group, China’s sixth-largest mill, will take over closely held Rizhao Steel Holding Group by acquiring two-thirds of a
new venture between the two steelmakers. Shandong Steel will pay an undisclosed amount for a 67 percent stake in Shandong Steel Group Rizhao Co., the official Xinhua News Agency reported.More
German Economy Minister Hopes for Quick GM Opel Decision from Reuters via Automotive News German Economy Minister Karl-Theodor zu Guttenberg said on he hoped the board of General Motors Co. would make a clear decision on the future of its European unit Opel when it meets this week. Frustration with GM over Opel is mounting in the German government, which has come out strongly in favor of Canadian auto parts group Magna's bid for the carmaker.More
GM Plant Restarts Production in Venezuela from The Chicago Tribune General Motors Co.'s Venezuela affiliate says it has restarted an auto assembly plant that was
idled for two and a half months. GM Venezuela said its Valencia plant resumed production of passenger vehicles. The company halted operations at the plant June 19, citing a lack of imported parts due to delays in obtaining dollars through the government.More
Key Issues for Wind Energy's Future from Red Orbit The prestigious journal Energy Policy has recently
reported two studies that highlight some key issues for the future of wind energy in Spain. A team of engineers from the University of Zaragoza believes it is "technically viable and economically reasonable" for wind energy to account for 30 percent of Spain's overall energy production.More
Payday Slow for Auto Dealers from The Poughkeepsie Journal While the federal Cash for Clunkers stimulus program is all done for consumers, the dealers are still waiting for most of their money. It's starting to move, though, and the government this week gave signs the program should be wrapped up by the end of the month. Dealers say the clunkiest part of the nearly [Article Description] billion program is the slow
rate of reimbursement by Uncle Sam.More
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 info
What Would Walter Reuther Think? from The Detroit Free Press On this Labor Day, with the world of the worker so changed, one might wonder: What would Walter Reuther think? Just a few months ago, as General Motors and Chrysler careened toward bankruptcy, the union faced the prospect of losing everything. But instead, the UAW agreed to job cuts, plant
closures and other changes - carving out a new purpose for itself, one that, if properly managed, could serve as the foundation for a brighter future.More
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