The number of Americans seeking unemployment benefits plummeted last week 31,000 to a seasonally adjusted 292,000. But the drop was mostly because of technical issues in two states that delayed the processing of applications. The Labor Department said Thursday that the less volatile four-week average fell to 321,250, the lowest in six years.
The big SUV rolls on. Five years ago, when gas hit $4 per gallon, auto industry analysts boldly predicted that enormous SUVs would vanish like the automobile tail fin. On Thursday, General Motors is unveiling a completely redesigned lineup of its truck-based SUVs, three-ton behemoths that are still popular with drivers hauling around boats, campers and large families, or who like to sit high or feel safer in a heavy vehicle.
The fastest-growing car brand in the European Union was never even supposed to be sold there. Dacia, the Romanian subsidiary of French manufacturer Renault, sells low-cost cars. Really low-cost cars — in some cases, 50 percent cheaper than rival models.
Dell Inc. will end its quarter-century history as a publicly traded company and try to engineer a turnaround away from the prying eyes of Wall Street following shareholders' approval Thursday of a $24.8 billion buyout offer from the company's founder.
An executive with G.S. Electech has been charged with conspiracy to rig bids and fix prices for automobile antilock brake parts installed in American cars. A federal grand jury in Covington, Ky., on Wednesday indicted Shingo Okuda, who is accused of agreeing to coordinate bids and fix prices of automotive parts submitted to Toyota.
Johnson Controls Inc.'s auto parts unit plans to open 11 new manufacturing sites in China during the next few years to handle expected growth. The company's Plymouth, Mich., Automotive Experience unit, which makes seats, electronics and interiors, now has 57 sites in China. The company said in a statement Thursday that the expansion comes after 16 years of continuous growth.
Daimler Vans Manufacturing said that it will expand its existing facility in Charleston County. The more than $4.6 million investment is expected to generate at least 60 new jobs. “South Carolina has provided our company with an excellent environment for doing business and a talented workforce. We appreciate all the support we’ve received from state and local officials,” said Marco Wirtz, president and CEO of Daimler Vans Manufacturing.
The Moto X smartphone is now being manufactured out of a new facility in Fort Worth, Texas. Gov. Rick Perry and top executives attended the opening of a Fort Worth plant where cellphone pioneer Motorola will produce the first smartphone ever assembled in the U.S.
Southwest Fastener has agreed to acquire The Bolt Company of New Mexico (The Bolt Company) under the terms of the agreement on September 10th, 2013. The acquisition combines two highly compatible fastener industry companies, and strengthens the presence of Southwest Fastener in the Albuquerque and in the state of New Mexico.
Why Parts Fail© - provides an understanding of how it is possible to make order out of chaos when things go wrong. . The workshop is designed to teach attendees how to identify failure modes by reading fracture surfaces of parts such as bearings, shafts, fasteners, seals, belts and other materials to determine physical root causes. This will provide the answer(s) to "what happened".
In the early part of the 20th century, if you were buying a very expensive, luxury car, you'd probably commission a car to be made just for you. The 1928 Mercedes Saoutchik has seats covered in lizard skin, is powered by a 6.8 liter super-charged 6-cylinder engine, and recently sold for over $8 million.
A remote monitoring system from product development firm Cambridge Consultants is helping conservationists at the Zoological Society of London (ZSL) combat poachers and track rare animals in the wild. The Instant Wild project uses the Iridium satellite communication network to transmit near-real-time images from motion-triggered cameras in the remotest areas of Africa.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
Brothers Marc and Shanon Parker took their love for sci-fi and comic books and started Parker Brothers Concepts, where they manufacture outrageous, street-legal vehicles for Hollywood and TV shows. According to the Parkers, they build the "strange and unusual."
A majority of workers at Volkswagen's assembly plant in Tennessee have signed cards favoring the union's representation in creating a German-style works council at the plant, a top United Auto Workers official said. A Tennessee-based regional director for the UAW, told The AP that the cards include a statement about wanting to join VW's Global Works Council and supporting cooperative and collaborative relations with the company.
The government is getting closer to selling all of its General Motors Co. stock. The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month. The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker.
North and South Korea agreed Wednesday to restart operations at a jointly run factory park that Pyongyang shut down in April during a torrent of threats, the latest sign of easing animosity between the rivals. Wariness, however, still lingers in Seoul and Washington over Pyongyang's springtime provocations.
Buffalo's steel-making history helped the city land a $102 million factory that will produce pipes for the oil and gas industry and create 172 jobs, according to the president of the Dubai-based manufacturer. Gov. Andrew Cuomo said Tuesday that economic incentives for the project, which had been considered for Houston, include $2 million in funding from the sale of unallocated hydropower and up to $6.4 million in tax credits.
Nissan Motor Co. says its revamped Rogue SUV will be cheaper and more fuel-efficient than its rivals when it goes on sale in the U.S. in November. Nissan unveiled the 2014 Rogue Tuesday at its North American technical center near Detroit. The Rogue's European counterpart, the X-Train, was revealed at the same time at the Frankfurt Auto Show in Germany.
Union workers at the Oshkosh Corp. voted Tuesday to reopen contract extension talks with the company to help win a military contract. United Auto Workers Local 578 President Joe Preisler confirmed the vote in a text to Oshkosh Northwestern Media. The union did not release vote totals.