GM and Chrysler, which have said they could run out of cash within weeks, have few options left after the Senate rejected a $14 billion bailout for the domestic auto industry.
General Motors is saving every cent it can, from shutting down escalators at night to limiting workers' choice of pens, in case it needs to fight to survive beyond year's end.
Automaker is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.
Electronics maker said Friday it is cutting 380 jobs at its Japanese plants and shuttering some assembly lines making flat panels to cope with the global slowdown.
Producer Price Index fell in November for the fourth month in a row, raising fresh fears that wholesale prices will keep on dropping and lead to a dangerous bout of deflation.
Aerospace company restructuring its commercial aircraft operations to improve development and production, as it strengthens oversight of its global supply chain.
Lawn care equipment maker has issued a voluntary recall of about 900,000 Toro Power Sweep Electric Blowers due to potential hazards from projectiles.
House-passed bill to speed $14 billion in loans to Detroit's automakers stands on shaky ground, undermined by Republican opposition that could derail the emergency aid in the Senate.
Swedish truck and bus maker said Thursday it is laying off some U.S. workers, furloughing others and throttling back on engine and transmission production due to slow sales.
Two northern Indiana congressmen are asking the federal government to help the nation's struggling recreational vehicle industry.
Auto parts supplier said Thursday it will launch a joint venture with China's JAC Group to manufacture and sell automobile parts for the Chinese market.
Tool maker says it plans to cut about 10 percent of its work force and close three manufacturing facilities, citing weakness in its construction and industrial segments.
Plan offers credit guarantees, emergency loans and research funds to boost companies in the 'Swedish automotive cluster,' the government said, following pleas from Volvo and Saab.
Freight rail-car manufacturer and a division of Dallas-based Trinity Industries plans to close a Springfield plant and lay off 228 workers.
Labor Department reported applications for jobless benefits rose to 573,000 from 515,000 in the previous week, far more than the 525,000 claims economists expected.
Analysts had expected the deficit to decline to $53.5 billion from September’s imbalance of $56.6 billion, but it rose instead to $57.2 billion the Commerce Department reported.
Regulators charged several makers of electricity generation equipment, including Siemens AG, Areva and Swiss engineering group ABB, with forming a price-fixing cartel.
MWV AGI Media, a subsidiary of MeadWestvaco Corp., plans to close a plant in the Netherlands that makes paper-based packaging for the media and entertainment industry.
Company said Thursday it will cut 700 jobs as it outsources parts of its business to bring between $200 million and $250 million in savings in the next three years.