A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers. Vehicle Production Group, or VPG, suspended operations in February after its finances dipped below a minimum level required as a condition of the federal loan.
A Japanese auto parts manufacturer plans to add more assembly lines and hire another 200 workers at an existing North Carolina factory by the end of 2016. Gov. Pat McCrory's office said Wednesday that ASMO North America's Greenville plant already employs more than 530 people who produce parts for front wipers and for radiator fan motors.
Honeywell plans to close a plant in eastern Pennsylvania by the first quarter of next year, idling more than 100 workers. The Honeywell Process Solutions plant in York makes products used in the natural gas industry. The company specializes in energy efficiency products.
Wholesale businesses stepped up their restocking of supplies in March, but their sales fell sharply. The Commerce Department said Thursday that stockpiles held by wholesalers rose 0.4 percent in March compared with February, when they had fallen 0.3 percent.
Scott Paul, executive director at Alliance For American Manufacturing and Bloomberg political analyst Matt Dowd discuss the current state of manufacturing in the United States. They speak on Bloomberg Television's "Bloomberg Surveillance."
A robotic pharmacy at the UCSF Medical Center could be the next big thing for hospitals. The robot counts, dispenses and packages pills with perfect accuracy. Doctors at the Medical Center say the machine has been a game-changer – eliminating errors and mistakes.
Thousands of high school students from around the world have put their engineering skills to the test at an international robotics contest. "FIRST" is compared to a "Superbowl of the Mind" mixing math, science, and technology with competition.
Willie J. Holley III and Lakishka Raybon, employees of the watchmaker Shinola, share their pride in creating watches by hand. Heath Carr, CEO of Bedrock Manufacturing, explains why it is important to be in Detroit, a city with a rich manufacturing history.
The United States Olympic team has tapped the automaker to design and develop a two-man bobsled for the upcoming 2014 Winter Olympic Games. To the bobsled-making game, BMW brings its technical experience in functionality and aerodynamics.
An 83-year-old nun and two other protesters accused of defacing a Tennessee nuclear weapons plant said Wednesday they have no remorse for their actions and were pleased to reach one of the most secure parts of the facility. Sister Megan Rice, Michael Walli and Greg Boertje-Obed testified on their own behalf during their federal trial on charges related to the July intrusion at the Y-12 National Security Complex in Oak Ridge.
Two people are hospitalized in Tulsa after an explosion outside a sandblasting plant in Eufaula. McIntosh County Sheriff Kevin Ledbetter told reporters the two were injured in the blast at Ford Sandblasting in west Eufaula shortly after noon Tuesday. Officials say the two suffered burns in the blast but their names and conditions were not immediately released.
A bill introduced in the Senate on Tuesday would require the president to block imports of products using stolen U.S. technology or made by companies implicated in computer theft. Washington's sudden focus on Chinese hacking comes after rising complaints from U.S. businesses about theft of trade secrets.
China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.7 percent over a year earlier, up from March's 10 percent growth, customs data showed Wednesday. Imports gained 16.8 percent, up from the previous month's 14.1 percent.
The German government plans to give companies' shareholders a greater say in setting managers' pay. The proposal follows a similar decision by voters in neighboring Switzerland this year and comes as Germany prepares for national elections.
United Airlines expects to start flying its Boeing 787s again on May 20. The 787s had been grounded because of concerns about smoldering batteries, but they have been returning to the skies. Ethiopian Airlines was the first to fly a 787 again, on April 27.
We've seen a number of concept cars from Audi, but when will we be able get behind the wheel of a fully plug-in electric car from Audi? Audi of America president Scott Keogh talks about Audi's technological breakthroughs in plug-in and self-driving vehicles.
Greenlee continues to expand its Professional Tool Specialist program with the launch of three additional trucks and trailers. The new vehicles will allow Greenlee specialists to further provide value-added services to end users, such as tool demonstrations, joint sales calls, technical support, and safety presentations.
Ferrari says it will limit sales of its high-performance street cars this year to below 7,000 units to protect the brand's aura of exclusivity. Chairman Luca Montezemolo says that means sales will decline overall by "more than 1 or 2 percent" from last year's sales of 7,318 cars. Sales in the first four months have risen 4 percent over last year.
In another blow to the nation's dwindling labor unions, an appeals court struck down a federal rule that would have required millions of businesses to put up posters informing workers of their right to form a union. The U.S. Court of Appeals for the District of Columbia Circuit said the NLRB violated employers' free speech rights in in trying to force them to display the posters or face charges of committing an unfair labor practice.
General Motors Co. confirms that it's building a new Cadillac factory in China. GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year. The auto maker recently received regulatory approval for the new plant.