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manufacturing profits ahead
Forbes Share    
With the consensus fixated on the employment figures and many commentators still thinking the economy fragile and ready to roll back over, the lead indicators point to sustained economic
expansion with record profits on the way for American industrial exporters. MORE
GM still seeking Russia deal with Magna
UPI
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U.S. automaker General Motors says it is pushing ahead with plans to work with Canadian parts supplier Magna International Inc. on a Russian production deal.
Magna and its Russian financial backer Sberbank failed last week in their bid to obtain GM's Opel subsidiary. But a separate deal in which GM has been negotiating with Magna and GAZ, Russia's No. 2 automaker, to set up a three-way Russian auto production business is still ongoing.
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China protests U.S. steel duties, starts probe on American cars
Bloomberg
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China protested U.S. duties on steel pipes and announced the start of an anti-dumping probe into American carmakers as trade tensions escalate ahead of President Barack Obama's first visit to the nation this month.
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Fiat boss lays out ambitious Chrysler road map
MSNBC
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The auto industry loves to find miracle workers. Thirty years ago, Lee Iacocca worked his magic by convincing Congress to deliver a package of loan guarantees that kept Chrysler from going broke. A decade ago, Carlos Ghosn was recruited to save struggling Nissan. Now Sergio Marchionne is being asked to pull together a miracle for the second time.
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GM exec Forster may join Tata Motors
The Detroit News
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Carl-Peter Forster, General Motors Co.'s highest ranking executive in Europe, may join Tata Motors, according to a source close to the negotiations. GM said that Forster would
leave the company after nine years but that he would assist in the search for a replacement. GM's head of international operations, Executive Vice President Nick Reilly, will be in charge of GM's European operations.
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Innovative Rack and Gear Company has added a Saikuni HR-2000 CNC rack milling machine to our gear rack manufacturing
capabilities.
The HR-2000 is capable of hard-milling rack teeth after heat treatment with hardnesses up to 60 Rc, producing tooth finishes and accuracies comparable to rack grinding. MORE
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Opel unions see autonomy as condition to talks
Reuters
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Opel's top German labour leader said he was willing to hold negotiations over a restructuring of the European
carmaker under its parent General Motors so long as it gains greater independence. Klaus Franz was shocked last week when GM's board abruptly dropped plans to sell a 55 percent stake in Opel to auto parts maker Magna and its Russian bank partner Sberbank.
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Ford chief sees a bright future
The Detroit Free Press
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A much smaller Ford Motor Co. - with 45 percent fewer workers and more than a dozen fewer factories than in 2005 - is heading into the last stretch of 2009 with more money, optimism and fuel-efficient passenger cars than it has had for years.
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Boeing: 787 first flight late next month
Aviation Week
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Boeing is pointing increasingly to a late December first flight target for the 787 as it awaits completion of validation tests of the side-of-body modification that prevented the initial flight taking place in late June.
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BMW tops for sustainable manufacturing: study
Canadian Driver
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BMW tops a list of 17 of the world's leading car companies for the sustainability of its automobile manufacturing, according to a new study by researchers at Queen's University Management School in Belfast, Ireland.
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