Japanese automakers’ sales fell more than their U.S. competitors in December, with Toyota’s sales off 37 percent and Honda down 35 percent.
Texas-based unit of United States Steel Corp. says it will stop making certain steel pipes used in the automotive and mining industries in an effort to focus on core businesses.
Military contractor BAE Systems said Monday it has received six U.S. Army contracts valued at $115 million for replacement parts for mine-resistant vehicles in Iraq.
Defense contractor has completed its acquisition of AxleTech International, a manufacturer and supplier of vehicle parts for military, commercial and construction markets.
Former Boeing assembly line employee will spend five months in prison and five months in home confinement for damaging a $24 million military helicopter.
World's largest maker of construction and mining equipment said the plant, located in North Little Rock, will build motor graders and employ about 600 people.
Automaker increased its stake in Volkswagen to more than 50 percent, giving it indirect control of truck maker Scania AB and requiring the company to make a mandatory takeover offer.
Classic crystal, china maker is the latest in a burgeoning list of iconic British companies to succumb to the global economic slowdown and credit squeeze.
Deutsche Bahn, Germany's state-owned railway, has signed a framework agreement with Bombardier to buy 800 train cars in a deal with worth up to $2.1 billion.
Company said Monday it will add a $165 per ton surcharge to electrical steel products shipped in February.
Contract with the Department of Defense to provide replacement parts for Oshkosh's military trucks could be worth as much as $1.12 billion over 10 years.
World’s largest meat processor said President and Chief Executive Dick Bond will step down effective immediately.
International Consumer Electronics Show, the largest trade show in the U.S., opens this week in Las Vegas, despite the pall of a recession hanging over the industry.
World Trade Organization's incumbent Director-General Pascal Lamy is the sole candidate to lead the body for the next four years, officials said Monday.
Steel company says it will lay off 363 employees at its mill in Granite City beginning Feb. 16.
DMI Industries says it's cutting back its work force, six months after the company announced a major expansion of its West Fargo, N.D. plant.
Ailing South Korean automaker received $45 million from its Chinese parent Shanghai Automotive Industry Corp. to stave off a possible liquidity problem.
Japan's export-dependent automakers, battered by the slowdown in the U.S., expressed hopes for a turnaround and a strengthening dollar to fix the faltering global market.
Manufacturing in China shrank for the third month as export demand fell, suggesting an economic slump is worsening despite government efforts to shield the country from global turmoil.