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Daily News

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Hitachi Boosts Battery Output to Ride Hybrid Boom
Manufacturer aims to lift its production capacity to 3 million batteries a month, up from the current level of 40,000.

Cargill Acquires Full Ownership of NatureWorks
Manufacturer of bio-based polymers will operate as an independent company.

World Bank Commits $58.8 Billion to Battle Economic Crisis
For 2009, the bank supported 767 projects to promote economic growth, fight poverty, and assist private businesses.

Fitch Downgrades Toyota Credit Rating Again
Ratings firm says Japanese automaker has been slower than rivals to respond to the current industry crisis

GM Goes Back to Court to Seek Speedy Bankruptcy Exit
Hearing is expected to last several days as judge plows through hundreds of motions and objections to the plan.

General Mills Grows Sales, Earnings in Fiscal 2009
Sales rose by 8%. Despite challenging economy, good growth anticipated in 2010.

June Report Shows Manufacturing Continues to Contract
However, the Institute for Supply Management's monthly index indicates pace of contraction is slowing, and a few positive trends appear.

Anheuser-Busch InBev to Sell U.S. Container Plants to Ball
Factories were focused on soft drink cans. Brewer says it has no plans to get rid of seven remaining beer can factories in the United States.

Airbus Kicks Off Construction on New China Plant
Factory will build components for competitor to Boeing’s Dreamliner.

GM Vehicle Sales in China Soar
The U.S. automaker's joint ventures sold 814,442 vehicles in China in the first half of 2009, a 38% increase.

WTO Cuts Trade Forecast, Sees Rising Protectionism
Trading volumes of developed economies are now expected to shrink by 14% while those of developing economies contract 7%.

U.S. Sales Down Sharply in June for GM, Toyota and Chrysler
Ford reports smallest decline and reiterates plan to boost production.

U.S. Government Will Pull Out of GM If No Deal by July 10
Should the plan be approved in time, the government could begin to sell its stake as early as 2010, an official said during the bankruptcy hearing.

Nissan Says to Begin Production in Vietnam
Automaker will launch its first model assembled in the country by 2010.

Porsche Says Request for State Aid Rejected
Automaker says it will not renew its aid application but will discuss alternative financing options.

U.S. Consumer Confidence Sinks
Index retreats from an eight-month high in May.

PepsiCo Opens Green Beverage Plant in China as Part of $1 Billion Investment
Purchase, N.Y.-based PepsiCo Inc. has opened what the company says is the first green beverage plant in China to comply with Leadership in Energy and Environmental Design (LEED) standards.

Elpida Receives $1.7 Billion Rescue
Financial lifeline for the Japanese chip-maker includes public funds slated to aid companies suffering from economic pressures.

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Information Technology

Study: Mobile Services Market Will Grow Despite Economy
While the normally recession-proof mobile services industry has been impacted by the economy, a new study projects that revenues from mobile services will continue to grow during the next five years.

Nestlé Waters North America Taps I.D. Systems for Wireless Vehicle Management
Hackensack, N.J.-based I.D. Systems Inc. announced that it is implementing its PowerFleet vehicle management system (VMS) for Nestlé Waters North America.

Autodesk Reaches Customer Milestone
Autodesk Inc., a San Rafael, Calif.-based maker of 2-D and 3-D design and engineering software, announced at the International Paris Air Show that the company now has more than 1,000 customers in the aerospace and defense industry.

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IW 50 News

Microsoft Corp.: In Sync With Detroit
Steve Ballmer addresses discusses Microsoft’s collaboration with Ford and the future of manufacturing during the National Summit

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