Swedish automaker Saab Automobile was Wednesday rescued from insolvency when an Asian consortium sealed a deal to buy the brand's main assets with the aim of making electric cars.
General Motors is making progress in restructuring its money-losing European operations, CEO Dan Akerson told shareholders.
A jury has awarded $25M in damages to a New York steel plant employee who says his bosses failed to stop years of racial taunts and insults from his co-workers.
Ford has transformed a nearly 60-year-old assembly plant into the new home of the redesigned Escape, its entry in the ultra-competitive small SUV category. And it's bolstered the workforce to make the vehicle.
Solar company stocks shined Tuesday on signs that global demand for solar products is improving.
Kraft Foods Inc. plans to close a cheese plant in Waupaca and lay off 120 employees in a cost-cutting move.
Akerson ranked Europe at the top of GM's problems, telling shareholders that the company is making progress there.
A new education-to-work program will give students hands-on experience in manufacturing while they earn a two-year degree.
Shares of A123 Systems jumped in early trading after the embattled electronic-car battery maker said that it had developed new lithium ion technology capable of operating in extreme heat or cold.
Magneti Marelli will expand its operations in Pulaski, Tenn., creating 800 jobs as part of a $53.7 million investment.
Auto parts supplier NTN Driveshaft says it is spending $18M on new equipment for its Indiana factory, with plans to increase production and add perhaps 50 jobs during the next year.
Appliance maker Electrolux says it has awarded a $5 million equipment contract to a Memphis company for the development of assembly line and conveyance systems at its new plant.
The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday.
Police raids on factories in the Indian capital revealed dozens of migrant kids hard at work Tuesday despite laws against child labor.
Akerson says he's cautiously optimistic that U.S. political leaders will agree on an economic package to keep the country from tipping into a recession.
Apple is escalating the feud between two of the world's most influential companies by dumping Google's mapping service as a built-in feature on most iPhones and iPads.
Shares of steel companies fell Monday on investor concerns that industry conditions will worsen as steel prices fall and demand for the metal slows in a weakening economy.
Iraq awarded contracts worth nearly $300M to Indian and Danish firms to set up factories to manufacture oil and gas pipelines, an official said.
Global investment in renewable energy reached a record of $257B last year, with solar attracting more than half the total spending, according to a U.N. report.