Commerce Department reported Tuesday that the trade deficit narrowed to $40.4 billion in November, a 28.7 percent decline from October's deficit of $56.7 billion.
Even premier brands are struggling amid a global slowdown as reports swirl Sony could sink into an operating loss as sales fizzle for digital cameras and flat-panel TVs.
Automaker’s top U.S. marketing executive said he does not foresee further big cuts in its sports sponsorships as it balances a cash shortage with the need to market its products.
Gov. Jennifer Granholm says the federal government needs to invest more in research and development for auto-related alternative energy technologies such as the batteries for electric cars.
Ailing Ssangyong Motor halted vehicle production amid difficulty obtaining parts while its union said it had voted in favor of a strike.
Over 200 Chinese parents whose babies were sickened or killed by tainted milk plan to reject a compensation plan because it is limited and does not cover enough children.
Job cuts are deeper than expected as disk drive parts maker eliminates 30 percent of its workforce.
Maker of all-terrain vehicles and personal watercrafts will stop production during the months of March, April and May but said it will not lay off employees during that time.
Britain's retailers suffered their worst December in at least 14 years, as like-for-like retail sales slumped 3.3 percent from the previous year.
France's largest automaker sold 3.26 million vehicles last year, down 4.9 percent from 3.43 million in 2007.
Both plane makers face production challenges in getting their delayed flagship jets to airline customers who are eager to put newer, less fuel-hungry jets into service.
Global manufacturer of electronic packaging products announced Monday that it had acquired ACT/Technico of Warminster, Penn.
Mexico's auto industry association says production rose 4 percent in 2008 as a rise in exports to Canada, Europe and other Latin American countries helped offset plummeting U.S. sales.
Volkswagen AG said it plans to build hybrid and diesel versions of a future successor to the Jetta sedan, an unnamed midsize sedan and two other vehicles under development.
Plane maker said work force reductions will be implemented across the Wichita-based company's facilities and affect all pay categories.
Highly anticipated 2010 Prius unveiled at the North American International Auto Show gets an average of 50 miles to the gallon -- a 4 mpg improvement over the current model.
Michael Campbell, president and CEO of Arch Chemicals, became chairman of the Board of Directors of the National Association of Manufacturers on January 1, 2009.
Lithium-ion battery cells will be made in Korea, but they will be assembled into battery modules and packs at a factory in Michigan.
CEO of Volkswagen's planned assembly plant in Chattanooga said the $1 billion project is on schedule and 2011 remains the target for the start of production.
Anticipating hundreds of thousands of job losses, Prime Minister offered employers new incentives to hire and pledged new funds to train those who lose their posts.