Sterling Trucks eliminating one shift and laying off another 720 workers as it joins the growing ranks of companies being squeezed by an economic slowdown in the U.S.
Aluminum die-casting firm bought by a publicly traded company in 1996 has returned to private hands under its former name, Pace Industries Inc.
When VW said yes to Chattanooga, the city that had shed its reputation for dirty air forgot years of frustrating rejections by automakers.
Crude prices fell for a third consecutive day on Thursday amid evidence that the high cost of oil and gasoline was slowing U.S. demand.
Military’s accelerated pace to buy and deploy thousands of heavily armored mine resistant vehicles could lead to problems with maintenance and cost overruns.
Government, citing safety reasons, is trying to tighten the law requiring anyone with a commercial drivers license to speak English well enough to talk with police.
Three major auto manufacturers are promising to reserve 300 new hybrid vehicles each month exclusively for the city as it replaces its entire fleet of yellow cabs.
John Dineen to become President and Chief Executive of GE’s Healthcare business, after the unit's previous leader accepted a post with electrical engineering company ABB.
Nearly 63 percent of consumers are cutting spending because of high gas prices, up 18 percentage points from a year ago, a Nielsen survey shows.
Inflation rate fell but is still 'fairly high' and China faces pressure for more price rises due to high costs for energy, grain and industrial materials, the government said.
Hundreds of workers at a central Kentucky plant will be laid off as a result of a delay in Ford's launch of its new F-150 truck.
Automaker has completed the process of getting antitrust approval for its plan to take a majority voting stake in Swedish truck maker Scania AB.
Dozens of illegal immigrants released after a meatpacking plant raid in Postville, Iowa, must wear tracking devices on their ankles and cannot leave the state.
One of GM's Chinese joint ventures has begun exporting Chevrolet minivans to Peru, adding to global automakers' growing vehicle exports from China.
Troubled automaker notified two racetracks that run NASCAR events that their current contracts will not be renewed as part of a $10 billion cost-cutting program.
Chicago-based Boeing is expected to add to its current tally of 152 orders, but still lags behind the 241 firm deals of its European rival Airbus.
Company’s survival now hinges on the difficult task of convincing buyers that its upgraded cars are just as good as its trucks and worth some extra cash.
Environmental group has agreed to promote a new line of eco-friendly Clorox products in exchange for a share of the profits, but some Sierra Club chapters are crying foul.
Its biggest acquisition to date, the cash-and stock deal will create a company with the largest reserves of iron ore and metallurgical coal in the U.S.
Computer shipments rose faster than expected in the second quarter, fueled by exceptional demand in emerging markets and a decline in prices in the U.S. and Western Europe.