GM and Ford saw double-digit U.S. sales declines but Toyota's sales rose 3 percent in April as high gas prices accelerated consumers' rush away from trucks and sport utility vehicles.
Sector’s recession continues, with both new orders and production declining, though the weak dollar provides hope in the form of export orders.
Tech Group Industries, a manufacturer of electrical devices for cars, appliance and cell phones, plans to move 80 jobs from Mexico to North Liberty, Iowa.
Vaccine maker opened its first plant that will be used to manufacture vaccines for infectious diseases in the U.S.
Fuda Faucet Works’ new 229,703 sq. ft. operating facility will triple production capabilities to 3.5 million sets per year.
Company completed the sale of two composite manufacturing plants in Battice, Belgium and Birkeland, Norway to Platinum Equity for $242 Million.
Maker of air pollution reduction products and filtration equipment announced it has completed its acquisition of privately owned Nitram Energy for $65 million in cash.
Labor Department reports number of newly laid off workers filing claims for unemployment benefits soared last week to 380,000.
Consumer spending rose at a faster pace than expected, although virtually all of the gain occurred because of big increases in the price of energy and other products.
In an attempt to win legislative approval of the deal, Missouri has scaled back the incentives it is offering Canadian airplane maker to open a plant in Kansas City.
Legislation would give workers new protections from combustible dust explosions like the one that killed 13 people in a Georgia factory in February.
Major industries, including oilsands upgraders and coal-fired power plants, have paid $40 million in fines for failing to meet the province's new limits on greenhouse gas emissions.
FDA found 'significant objectionable conditions' in the manufacture of vaccines and drug ingredients during repeated inspections at the plant in West Point, Pa.
Division of electric utility and manufacturer Otter Tail Corp. plans to build a $121 million wind energy facility in North Dakota by the end of the year.
Manufacturer of industrial heating products plans to shut down its plants at Albany and Orfordville, affecting 110 employees.
Automaker struggled to a first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
Canadian Auto Workers President Buzz Hargrove says he expects Chrysler and General Motors to agree to new contracts similar to a recent deal with automaker Ford.
Federal Reserve cut a key interest rate by a quarter-point Wednesday, a smaller move than the aggressive easing it undertook earlier this year.
Hiring announcement comes as consumer advocates and lawmakers blast the agency for lax oversight, the drug industry pushes for swifter approval of their products and medical experts decry the lack of regulatory resources.
Company says it is reorganizing, setting up new emerging markets unit to reach growing areas, while consolidating its North American operations.