Airplane manufacturer is laying off 500 of its employees after failing to obtain funding from a lender.
Tentative contract between Magna International and the United Auto Workers will save approximately 2,700 jobs at the New Process Gear plant in suburban Syracuse.
About 1,900 steel workers in eastern Germany walked off their jobs as part of industry-wide warning strikes aimed at winning pay hikes.
Maker of beer brands Foster’s and Kronenbourg 1664 has sold a brewery in southern England, potentially cutting 360 jobs.
Finance Minister announces cautious budget for economic downturn and will extend capital writeoff program for embattled manufacturers, including the forest industry.
Japanese tire maker will withdraw from the marine hose business after an internal investigation discovered its hose division made improper payments to foreign agents to secure sales.
Mahindra & Mahindra Ltd. plans to assemble and sell thousands of light pickup trucks annually in the United States by 2010
Michigan and three of its largest cities are lagging behind other states and cities in creating high-wage jobs that require a college degree, according to a study by Michigan Future Inc.
Flat panel maker said it plans to change its name to LG Display Co. in line with a reduction in shares held by Royal Philips Electronics NV of the Netherlands.
South Korea's Daewoo Shipbuilding & Marine Engineering Co. received a $770 million order from Oman to build five oil tankers.
Chinese-American aerospace engineer charged with stealing trade secrets on the space shuttle, the C-17 military transport and the Delta IV rocket to pass on to China.
NADA economist Paul Taylor predicts 2008 U.S. car and light truck sales will total about 15.7 million, a drop of 2.5 percent from 2007, the worst year in a decade.
Strong December results pushed 2007 levels 8 percent higher than 2006.
German labor union is seeking an 8 percent raise for its members, citing ‘fat’ profits among steel makers, or else workers will escalate its wave of temporary walkouts.
Pharmaceutical packaging plant will relocate from its current Lake Success, N.Y. location to a nearby larger facility in Hicksville by the end of March.
Manufacturing powerhouse Germany posted a record trade surplus of $288.5 billion in 2007, as exports rose even faster than imports.
Mexican Auto Industry Association said exports jumped 33 percent in January, while production rose by nearly 26 percent compared with the same time period in 2007.
World's econd biggest toy company said Chief Executive Alfred J. Verrecchia will become chairman of the board, replaced by Chief Operating Officer Brian Goldner.
The National Highway Traffic Safety Administration is investigating reports on 2007 Chevrolet Tahoe SUVs, in which engine fires occurred while vehicles were not running.
Five months after a private investment company first made a $542 million takeover bid, apparel maker has accepted the deal and is recommending it to its shareholders.