GM said Thursday that Chevrolet will no longer have a "mainstream presence" in Europe and said the decision was "largely due to a challenging business model and the difficult economic situation" on the continent. GM has continued to lose money in Europe even as its performance elsewhere improves.
The solar panel installer SolarCity is beginning to address one of solar power's big drawbacks: The sun doesn't always shine. The solution: big battery packs that will provide backup power while lowering electric bills. The supplier: electric car maker Tesla Motors, whose CEO Elon Musk is also the chairman of SolarCity.
Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company's stock.
BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
Andrew Barnes, President and CEO of Barnes Precision Machine, Inc. gives a quick, impromptu tour of their facility. This video shows some of the machining processes for parts of the AR15, including barrell contouring, carrier blank production, and bolt component manufacturing.
A federal judge in Michigan ruled that Detroit can cut public pensions as it enters bankruptcy - a decision that could effect the retirement of millions of current and former municipal workers. Anthony Mason talks to the "CBS This Morning" co-hosts about what it could mean for workers across the country.
As Amazon builds its drone delivery service, drone experts say there a few things they'll need to build before a robot can bring you your packages. Laurie Segall reports.
Josh Miller, of Made in the USA: The 30 Day Journey, sits down with the Alliance for American Manufacturing. He discusses what he learned making the film, how to be a better Made in the U.S.A. shopper, and even gave us a glimpse of his next big project.
It was BMW's first full manufacturing plant outside Germany, and today is the sole location that makes the X3, X5 and X6. Its scope was recently expanded to offer a larger capacity to take on future SUV models coming from BMW.
A truck carrying an extremely dangerous radioactive substance has been stolen in central Mexico, the U.N. nuclear agency said Wednesday.The International Atomic Energy Agency said the truck was carrying cobalt-60, used for radiotherapy treatment to combat cancer.
Despite sinking commodity prices, Deere's construction business is strong and investors are happy.
Firefighters in central Poland say four maintenance workers have plunged to their deaths some 120 meters (400 feet) down a chimney that they were working on at a coal-fired power plant.Spokesman Waldemar Krakowiak said Wednesday that the four were standing on a platform that came loose inside a chimney at the Kozienice plant.
A woman has pleaded not guilty to what is believed to be the first traffic citation alleging a motorist was using Google's computer-in-an-eyeglass. The device known as Google Glass, not yet widely available to the public, features a thumbnail-size transparent display above the right eye.
A private survey shows U.S. businesses last month added the most jobs in a year, powered by big gains in manufacturing and construction. Payroll processor ADP said Wednesday that companies and small businesses added 215,000 jobs in November.
A survey of chief executives at the largest U.S. companies shows a growing number are optimistic about the economy's prospects for the next six months and expect to boost hiring. The Business Roundtable says its index measuring CEO outlook rose to 84.5 in the October-December quarter. That's up from 79.1 in the July-September quarter.
Emerging from a meeting with Chinese President Xi Jinping, U.S. Vice President Joe Biden said Wednesday that U.S.-China relations depend on trust and a positive notion of each other's motives. Neither leader made public mention of a major clash over disputed airspace that's pitted China against the U.S. and its Asian allies.
The U.S. trade deficit fell in October, helped by America's energy boom that lifted overall exports to an all-time high. The trade gap narrowed to $40.6 billion in October, the Commerce Department said Wednesday. That's 5.4 percent lower than the September gap of $43 billion, which was higher than initially estimated.
Federal health regulators are warning the public that certain cardiac defibrillators recalled by Philips Healthcare may fail to deliver a needed shock in an emergency. Philips recalled three models of its HeartStart devices in September 2012 due to an internal electrical malfunction.
Missouri's bid for a Boeing assembly plant could include more than $1.7 billion of incentives over two decades if the airplane manufacturer adds thousands of jobs, according to new information about the proposal released Tuesday.
For decades, Detroit paid its bills by borrowing money while struggling to provide the most basic of services for its residents. The city, which was about to default on a good chunk of a long-term debt exceeding $18 billion, now will get a second chance in a federal bankruptcy court-led restructuring.