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Home » Topics » Assembly Breaking News

Assembly Breaking News
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Korean Automaker Can't Meet Payroll on Time

December 22, 2008
SEOUL, South Korea-Korea’s Ssangyong Motor is saying won’t be able to pay its workers on time this month. MORE
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Nautilus to Expand Virgina Assembly Plant

December 19, 2008
RICHMOND, VA-Fitness machine maker Nautilus is expanding its manufacturing facility in Grayson County, creating 60 jobs. The $1.7 million expansion will add an assembly line for cardio exercise equipment. MORE
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Caterpillar Moving Primary Manufacturing Facility to Texas

December 19, 2008
AUSTIN, TX-Caterpillar Inc. will move one of its primary global assembly, test and paint facilities to Texas, creating more than 1,400 jobs. The state will invest $10 million in the company through the Texas Enterprise Fund, as a deal-closing incentive. MORE
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White House to the Rescue Big Three

December 19, 2008
WASHINGTON-The Bush administration has agreed to provide the troubled Big Three domestic automakers with $17.4 billion in loans. MORE
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Foreign Automakers to Get Russian Aid

December 19, 2008
MOSCOW-Russian Prime Minister Vladimir Putin is reportedly telling foreign carmakers like Ford and Renault that they will be eligible for financial air from his government. MORE
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Chrysler Taking the Month Off

December 18, 2008
AUBURN HILLS, MI-The Big Three continue to make drastic cuts in an effort to weather the current economic storm. MORE
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Report: GM, Chrysler Reopen Merger Talks

December 18, 2008
DETROIT-After suspending talks a few weeks ago in the face of cash problems, Chrysler and GM are said to be talking about a possible merger again. MORE
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China Slashing Fuel Prices

December 18, 2008
BEIJING-The Chinese government is cutting fuel prices for the first time in almost two years in an effort to help manufacturers reduce costs and remain competitive. MORE
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EADS Combining Military, Commercial Operations

December 17, 2008
TOULOUSE, France-The European Aeronautic Defense and Space Co. is planning to fold its Military Transport Aircraft Division in with its Airbus airliner business as part of an ongoing effort to streamline operations. MORE
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Honda Feeling the Pain

December 17, 2008
TOKYO-Honda has sharply downgraded its sales projections for the coming months and says it anticipates losing more than $2.1 billion through March 2009. MORE
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