Airplane manufacturer is laying off 500 of its employees after failing to obtain funding from a lender.
Tentative contract between Magna International and the United Auto Workers will save approximately 2,700 jobs at the New Process Gear plant in suburban Syracuse.
About 1,900 steel workers in eastern Germany walked off their jobs as part of industry-wide warning strikes aimed at winning pay hikes.
Maker of beer brands Foster’s and Kronenbourg 1664 has sold a brewery in southern England, potentially cutting 360 jobs.
Finance Minister announces cautious budget for economic downturn and will extend capital writeoff program for embattled manufacturers, including the forest industry.
Japanese tire maker will withdraw from the marine hose business after an internal investigation discovered its hose division made improper payments to foreign agents to secure sales.
Mahindra & Mahindra Ltd. plans to assemble and sell thousands of light pickup trucks annually in the United States by 2010
Michigan and three of its largest cities are lagging behind other states and cities in creating high-wage jobs that require a college degree, according to a study by Michigan Future Inc.
South Korea's Daewoo Shipbuilding & Marine Engineering Co. received a $770 million order from Oman to build five oil tankers.
NADA economist Paul Taylor predicts 2008 U.S. car and light truck sales will total about 15.7 million, a drop of 2.5 percent from 2007, the worst year in a decade.
Strong December results pushed 2007 levels 8 percent higher than 2006.
Manufacturing powerhouse Germany posted a record trade surplus of $288.5 billion in 2007, as exports rose even faster than imports.
Mexican Auto Industry Association said exports jumped 33 percent in January, while production rose by nearly 26 percent compared with the same time period in 2007.
Purported discussions of a joint venture in wireless network infrastructure a response to slowing growth in the telecommunications equipment industry.
Ford’s Monroe, Mich.-based Automatic Components Holdings plant offers workers $140,000 if they leave the automaker to take jobs with the new owner of the business.
Medical device maker said it will consolidate some operations and cut staff in restructuring plan to reduce costs.
Paper and wood manufacturer agrees to sell its Snowflake, Ariz. mill to Catalyst Paper for $161 million as part of government buyout terms.
Sixty-one percent of the public believes the economy is now suffering through its first recession since 2001, according to an Associated Press-Ipsos poll.
German Federal Cartel Office raided the offices of seven candy and chocolate makers amid allegations of a conspiracy to fix prices.
About 400 people who worked at Indiana plant before it closed last year are eligible for positions at other GM factories, such as a Kansas assembly plant that has 300 openings.
ECI Medical Technologies had 50 employees last fall with a payroll of more than $1.4 million, but only had eight employees when it closed its doors last Thursday.
Cincinnati-based Pierre Foods Incorporated is shuttering its Cedartown, Georgia, frozen food plant; 153 employees affected.
No workers were present when the fire began early Friday at the Champion Enterprises factory; facility is a total loss.
Automaker plans to significantly reduce its product lineup and number of dealerships as it rolls out a new corporate initiative, a Chrysler dealer in Texas said Friday.