CEO of LG Electronics said it will avoid laying off any of its 30,000 workers in South Korea, but suggested there may be some job losses overseas.
Newspaper reports say loans will last five years and include conditions such as halting layoffs and suspending factory closures in France over the duration of the loans.
Beijing to avoid 'Buy China' measures in its stimulus plan, rejecting protectionist limits like those contemplated by Washington that prompted an outcry by U.S. trading partners.
Russia's largest car maker said Monday it has resumed production at its main factory despite a payment dispute with suppliers that kept it idle for two days.
Ball bearing and car parts maker said it still needs financial help from the government to see it through 'massive difficulties' since its takeover Continental AG.
Pharmaceutical giant’s chief has spent two years transforming Pfizer into smaller, entrepreneurial research and marketing units, making the companies easier to combine.
By Amanda Earing, News Editor, Manufacturing.netIntermodal transportation has come a long way in the past 20 years. Railways are now more secure, economical, consistent with deliveries and environmentally-friendly.
President decried as ‘inexcusable and irresponsible’ the delay of economic recovery legislation with an estimated 3.6 million Americans losing their jobs since the recession began.
European plane maker said Friday that it took more cancellations in January than it booked orders as airlines curb spending amid the economic crisis.
Sliding demand and stiffer competition for customers promise to make 2009 another tough year for the nation's freight carriers.
Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and far worse than the 524,000 that economists expected.
Daimler said Friday that its core Mercedes-Benz Cars division saw sales plummet by 31 percent in January from the same month last year as the economic crisis chilled demand.
Country’s largest automaker said Friday it has halted production indefinitely because it is short of car parts.
Government approved $1,900 payments to new car buyers who trade in older, polluting models, becoming the latest nation to try to boost the struggling auto industry.
World's largest automaker sank into the red for the October-December quarter and expects a net loss of $3.85 billion for the year through March.
World's largest maker of liquid-crystal-display glass expects demand to rebound in the second quarter, boosting full-year sales ahead of expectations.
Government loans given to GM and Chrysler are only a stopgap measure, said an attorney hired by the Treasury Department to advise it on how to aid the ailing automakers.
Swedish truck maker said it swung to a $120 million loss, hurt by a steep fall in demand, the costs of production cutbacks and more expensive raw materials.
Prime Minster said government will not provide funds to cash-strapped GM after it asked for help in paying for a new factory and expanded production in the country.
Dealers said Chrysler executives told them that they needed to order 15,000 more cars and trucks by Monday to meet the government loan goal of 78,000 vehicles in February.