American Axle reported a $27 million first-quarter loss as executives repeated threats to move production elsewhere if they can't reach a deal to end a two-month strike by the United Auto Workers.
Michigan-based Citation will close a Butler, Ind., aluminum factory in July to focus on its iron business.
By Amy Radishofski, Features Editor, Manufacturing.netResponsiveness isn’t easy because of global supply chains, increasing demand volatility and shrinking product lifecycles. With consumer whims as today’s market driver, things are moving at lightning speed, and change is a constant.
Reuters/University of Michigan consumer sentiment index came in at 62.6 for April, down from 69.5 a month earlier -- and the lowest reading since the early 1980s.
Tennessee and Alabama should be favored over Michigan to land a new Volkswagen assembly plant, based on the auto industry's ongoing migration into the Sun Belt.
President Bush acknowledged that the U.S. economy is weakening, but expressed hope that tax rebates that will start going out on Monday should help shore things up.
New $100 million chemical plant in El Dorado will produce calcium chloride and employ about 50 people when it opens next year.
Mississippi-based poultry company will build a new processing plant, feed mill and hatchery in Kinston, creating 1,500 new jobs.
Former employee violated product registration policies at a lawn and garden company that has been ordered by the EPA to stop selling unregistered and mislabeled pesticides.
Hundreds of United Auto Workers members rallied outside the annual shareholders meeting, blocking traffic, carrying picket signs and jeering vehicles carrying people to the meeting.
Threatened strikes by United Auto Workers locals at plants in Kansas and Michigan have been postponed because contract talks are making progress.
About 200,000 chainsaws violated air pollution laws, the Justice Department said, costing a Taiwanese manufacturer and three U.S. companies $2 million in fines.
Home appliance maker called it the toughest economic market in three decades, with costly materials and weak U.S. demand contributing to a nearly 20 percent drop in 1Q profits.
Consumer prices rose at their fastest pace in a decade in March due to sharp increases in energy and food costs, the government said Friday.
Japanese electronics maker's net profit plummeted 95 percent in the January-March quarter due to losses related to its exit from the next-generation video HD DVD business.
Part of a restructuring plan that could eventually save the company $25 million a year, industrial toolmaker plans to cut its work force by 3 percent within 18 months.
Rising oil prices have been a sales boon for Japanese automakers, but Honda saw its profit slashed by a tax, while Mitsubishi racked up costs for closing an Australian plant.
The 27-nation EU is stepping up pressure on Beijing for action over its trade surplus, market barriers and currency controls.
Personal spending accounts for the single-biggest chunk of gross domestic product, making it a key factor in determining whether the country will survive the economic turmoil.
Finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that's true for the nation as a whole.