Archive for April 30th, 2009
Chrysler ‘to file for bankruptcy’
Chrysler is to enter bankruptcy protection after failing to persuade a number of hedge funds to write off its debts, a White House official has said.
President Barack Obama is due to make a statement shortly on the future of the struggling US carmaker.
The news comes as Chrysler has been in last minute talks to [...]
Posted: April 30th, 2009 under Manufacturing News.
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Italy Riva steelmaker cuts key mill output to 30 pct
Italy’s biggest steelmaker, Riva Group, will cut output at its major Italian unit to 30 percent, or 3 million tonnes, due to weak demand from key industrial consumers, the family-owned company said on Wednesday.
The Ilva plant in Taranto, southern Italy, will stop the fourth blast furnace out of five from May 10, Riva Group [...]
Posted: April 30th, 2009 under Steel International, Steel News.
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