Tata Motor's abandoned factory in the Indian state of West Bengal will be revived to produce the world's cheapest car, as a farmers' protest against it is tapering off, an Indian official said.
Pummeled by an unprecedented slump in global demand, confidence at major Japanese manufacturers has fallen to an all-time low of minus 58, a key survey showed.
Unemployment in the 16 nations that share the euro rose to 8.5 percent in February, and jobless rate across the entire European Union is now 7.9 percent, EU statistics office said.
Exports plunged 21.7 percent to $11.9 billion in February, the steepest annual fall in at least 16 years, while imports shrank 23.3 percent to $16.8 billion.
Workers facing steep layoffs at a Caterpillar factory freed four bosses they had been holding at the U.S. manufacturer's plant in the Alps to protest the job cuts.
Mining company said German regulators approved the proposed $19.5 billion investment by China's state-owned Chinalco, a deal that must clear regulatory hurdles in several countries.
CEO Fritz Henderson said more of the automaker's plants could close and bankruptcy is 'more probable' as it works to meet new, tougher requirements for government aid.
Supplier of turbine controls, mechanical services and turnkey power plants named Ron Weiss Global Sales Director.
Civilian and government aviation services provider announced key promotions and organizational changes at its St. Louis headquarters and Southeast Missouri operations.
Aircraft maker is warning workers that more layoffs and cutbacks are coming as its customers cancel and defer plane orders.
New General Motors CEO said a new contract with the Canadian Auto Workers is competitive and he hasn't yet decided whether he'll ask the union to reopen negotiations.
Angry French workers facing layoffs at a Caterpillar factory detained four of their bosses Tuesday at a plant in the Alps and refused to let them leave the premises.
World’s two biggest aircraft makers said they were pushing ahead with the development of planes that run on eco-friendly biofuels despite the economic downturn.
Company will eliminate 1,300 jobs from its clinical and medical products unit, with most of the cuts made over the next six months, as hospitals cut back on equipment purchases.
By Paul Lalor, Product Manager, SIMULIA Simulation can save significant amounts of time and money in product development. In today’s economic climate, quick product turnarounds and cost-cutting techniques are imperative, but if simulation results aren't managed properly, it could hurt your organization.
Chief economist says the OECD economy will shrink 4.3 percent this year, but government stimulus plans will keep the global economy out of another Great Depression.
Just four months after closing its largest acquisition ever, Eli Lilly & Co. is ready to buy again, looking for deals that cost between $5 billion and $15 billion.
Automakers offering payment protection plans to help reassure consumers who may be putting off buying a new car because of worries about losing their job.
German drugmaker said it has entered a strategic agreement to transfer some of its cancer drug portfolio to U.S.-based Genzyme Corp. in exchange for royalty payments.