Crude steel output in Japan dropped 24.9 percent in July from a year earlier to 7.66 million tons, down from year-before levels for the 10th straight month.
Beijing announced iron ore supply deal with Fortescue Metals Group Monday in an apparent effort to prod global suppliers to cut prices in deadlocked contract talks.
With customers across the country clamoring to trade in old gas guzzlers under the ‘cash for clunkers’ program, Ford and other automakers are struggling to keep up with demand.
Bankruptcy judge granted General Motors' request to drop its precious metals contract with a Montana mining company so it can use foreign suppliers instead.
Japanese electronics maker said it will supply lithium-ion batteries for hybrid vehicles to GM in 2010 and sharply raise production capacity to meet demand for gas-electric cars.
Automaker says number of its suppliers under distress, bankruptcy protection or under observation has more than doubled in the last year amid slumping auto sales.
Obama administration has turned down request by auto suppliers for up to $10 billion in additional federal aid to help parts companies deal with GM and Chrysler bankruptcies.
Auto parts supplier is seeking a court order to get one of its steel suppliers to resume deliveries, saying that cutting off supplies threatens the entire auto supply chain.
While there have been about 20 supplier bankruptcies so far this year, most suppliers have managed to hang on with government aid and timely payments by GM, Ford and Chrysler.
After the World Health Organization declared a global flu epidemic, the race is on among drugmakers to produce a vaccine.
Tire retailers say U.S. manufacturers are not making the less-expensive tires that are popular with today's cash-strapped motorists.
Trade association officials say more guarantees are essential for ailing parts suppliers who are facing revenue shortfalls as auto plants are idled or closed.
Top GM executive said Tuesday that about 500 dealers had appealed the company's decision to eliminate them, with 15 to 20 of those appeals granted.
Dealers slated to lose their franchises took the stand Thursday in Chrysler’s bankruptcy protection case, questioning how they were chosen for termination.
Chinese steel industry group rejected iron ore prices negotiated by Australian mining giant Rio Tinto with Japanese and South Korean mills, setting up possible clash with suppliers.
As oil prices rose to six-month highs, Saudi Oil Minister suggested Wednesday that OPEC will opt to keep production steady at its upcoming meeting.
Japanese electronics and entertainment company said it will halve the number of parts suppliers to slash purchasing costs by $5.3 billion.
Chrysler court filing indicates about $64 million owed to supplier Magna International would be honored by automaker's successor after bankruptcy restructuring.
Suppliers appealed to lawmakers for federal support, warning that the U.S. supply base could buckle under from the declining fortunes of General Motors and Chrysler.
Auto industry officials say car production in Mexico plummeted 47 percent in April compared to the same month last year due to lower foreign and domestic demand.
Organized crime groups see trucking as 'easy pickings' involving low risk and high returns, Europol report said, with such thefts costing companies $11 billion from 2000-2005.
Germany's exports in March were down nearly 16 percent to $94.2 billion compared with year-ago levels as the recession bit into demand.
Brazil's Ministry of Development, Industry and Foreign Commerce says trade with China last month reached $3.2 billion, compared to $2.8 billion with the United States.
Trade and economy minister said aid to troubled suppliers remains a possibility as the government watches for possible fallout from Chrysler's bankruptcy.