Industry Trends & Happenings News for January 2009

Industry Trends & Happenings News Archive

Domestic Airline/Aerospace Industry Poised for a Lift in 2009 Domestic Airline/Aerospace Industry Poised for a Lift in 2009

The manufacturing outlook for the airline/aerospace industry for 2009 is starkly different from the scary projections coming out of the automotive industry. According to a newly released report from the Aerospace Industries Association (AIA), the category encompassing civil aviation, defense, and space is expected to see growth in the 2–3% range this year. Albeit modest, analysts say it is welcomed growth nonetheless.

Toyota to Idle Plants to Scale Back Production

Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company announced recently. The Japanese auto giant said the suspension will affect production at all 12 of Toyota's directly operated domestic plants, which include four vehicle assembly plants and also factories that make transmissions, engines, and other parts. The stoppages are in addition to a three-day shutdown this month at these plants that Toyota had already announced.

December Auto Sales Tumble 35%; 2008 Sales Down Overall December Auto Sales Tumble 35%; 2008 Sales Down Overall

U.S. automotive sales took another high double-digit dive as revenues among the leading manufacturers fell more than 35% in December. The news comes on the heels of a similarly dismal automotive report for November.