American Honda recently announced that it ships more American-made cars out of the country than it imports in from Japan. Throughout 2013, the company exported 108,705 U.S.-made Honda and Acura vehicles while importing 88,537.
On the eve of President Obama’s fourth State of the Union address, U.S. Senator Chris Coons (D-Del.) urged the President to prioritize investments that will help American manufacturers grow and create jobs, saying it was premature to give up on American manufacturers and the workers they employ.
Despite ever-growing passenger numbers, India restricted Airbus A380 flights in 2008 in an effort to help struggling domestic carriers cope with global competition. Aviation Minister Ajit Singh said that lifting the restrictions would help bring more revenue to airports and boost India's international reputation as a flight destination.
A 27-year-old seamstress who was among those pulled alive last year from the rubble of a horrific Bangladesh factory collapse has died, officials said Monday. Police are investigating the case as a possible suicide. Salma was rescued several days after the illegally constructed, eight-story Rana Plaza collapsed, killing 1,129 people.
Industrial equipment maker Siemens AG said quarterly net profit rose 20 percent as the company moved past one-time charges for delays delivering high-speed trains. Net profit rose to 1.46 billion euros ($2 billion) in the fourth quarter of 2013, the company's fiscal first. That was up from 1.21 billion euros a year ago.
Ford Motor Co. enjoyed one of the best years in its history in 2013, but the celebration won't last long. Ford has already warned that profits will be down this year as it launches a record 23 vehicles and builds seven plants around the world.
Ford Motor Co. will use rotating shifts — two weeks on, two weeks off — to avoid indefinite layoffs at its assembly plant, located west of Cleveland. Ford said Monday that rotating shifts for 1,000 workers at its Avon Lake plant will begin in August and continue until a new product launch in 2015.
Businesses cut back sharply on their orders for long-lasting manufactured goods in December with a key category that signals business investment plans falling by the biggest amount in five months. The weakness was led by a big 17.5 percent drop in the volatile category of commercial aircraft.
The Supreme Court says steelworkers do not have to be paid for time they spend putting on and taking off protective gear they wear on the job.
A deal to establish a joint venture with state corporation Rostec could lead to some 100 turboprops, valued at US$3.4 billion at list prices, being built for the Russian market. The deal, which local media in Russia says will see production start this year, flows from a series of preliminary agreements signed last August.
The layoffs, which cut 2 percent of the membership club's U.S. employee count of about 116,000, mark the largest since 2010 when the Sam's Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.
U.S. safety regulators are investigating complaints that power-assisted brakes can fail at times in Camry gas-electric hybrids. The probe covers about 30,000 of the midsize cars from the 2007 and 2008 model years.
Organizers announced Sunday that attendance was more than 803,000; the last time the show broke 800,000 was in 2003, when it was more than 838,000. NAIAS Chairman Bob Shuman said in a statement that this year's event "was a special show, and everyone knew it."
Ford Motor Co, which exports its Figo small car and EcoSport compact sport-utility vehicle from India, plans to source a new generation of small-capacity petrol engines, called Dragon, from its local unit.
Yesterday, Doug Oberhelman, chairman and CEO of Caterpillar Inc., and Jay Timmons, president and CEO of the National Association of Manufacturers, penned an open letter to President Barack Obama calling for more leadership on creating an environment in which manufacturers can grow once more to create jobs and generate a stronger economy.
Chrysler, of Auburn Hills, Mich., logged its ninth straight profitable quarter in the third quarter of 2013, earning $464 million and propping up Fiat, which is struggling in a down European market. Without Chrysler, Fiat would have lost $340 million in that quarter; instead it earned $260 million.
New General Motors chief Mary Barra is stressing the company's support for its struggling Adam Opel AG subsidiary in Europe, saying Opel workers will get the job of building a new vehicle at the company's main plant in Germany.
A Virginia-based aerospace products supplier has won a Boeing contract to build substructural composite components for the 787 Dreamliner assembled in North Charleston as the airplane builder ramps up its production rates.
Samsung Electronics Co. has signed an agreement with Google Inc. to cross-license their patents, reducing the risk of costly legal disputes over intellectual property and likely fostering greater collaborate between the two tech giants.
The Arkansas Pollution Control and Ecology Commission lifted a stay on an air permit for the $1.1 billion Big River Steel plant near Osceola. The stay was imposed when rival steel-maker Nucor Corp. objected to the issuance of an air permit last year by the state Department of Environmental Quality.