GE Transportation has announced a $2.6 billion deal to manufacture 1,000 locomotives for India Railways, just days after announcing it will lay off 1,500 union workers at its northwestern Pennsylvania operations.
Oil prices are down more than 50 percent since the middle of last year. On Tuesday, the U.S. crude oil contract was trading at $43.95 a barrel.
Preliminary numbers released by the Occupational Safety and Health Administration in September showed 27 fatalities in chemical manufacturing last year but 142 in oil and gas extraction alone.
The offer is designed to keep diesel owners happy as VW works on repairs to the cars, which are programmed to turn on pollution controls during government tests and turn them off while on the road.
The U.S. imports more crude oil from Canada than from any other country, about 3.4 million barrels a day as of August, according to the U.S. Energy Information Administration.
The UAW said it reached an agreement with Ford on Friday morning. The contract covers 53,000 workers at 22 U.S. plants.
A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.
Environmentalists applauded Obama’s decision to reject the project, claiming it would have been harmful to the environment. Republicans and those in the oil industry, however, argued the project would have created numerous jobs and largely benefit the U.S. economy.
Honda is recalling more than 25,000 cars in the U.S. to replace the rear grab rail brackets, which it says could interfere with the deployment of a side curtain airbag.
The inquiry reportedly aims to determine whether Exxon's public statements about climate change were at odds with the findings of its own internal researchers, as well as whether the company effectively lied to the public or to its shareholders.
Embattled Takata Corp. reported a half-year loss of 5.6 billion yen ($45.8 million) on Friday due to recall costs, as Toyota announced it would stop using Takata air bag inflators at the center of the company's massive product safety scandal.
Toyota said its interest extended beyond autonomous driving, which is starting to be offered by some automakers and being promised by almost all of them. The technology was pointing to a new industry for everyday use, delivering a safer lifestyle overall, it said.
A former BP engineer accused of deleting text messages after the Gulf oil spill and ensuing investigation pleaded guilty Friday to lesser charges and avoided prison time.
Announcing his decision at the White House, Obama said he agreed with Secretary of State John Kerry, whose department formally rejected the proposal for a 1,179-mile pipeline crossing the nation's heartland.
Although the latest monthly jobs report from the U.S. Labor Department showed strong hiring in October, the growth didn't filter down to the manufacturing sector.
The food giant, which counts Healthy Choice, Marie Callender's and Chef Boyardee among its brands, announced plans to move its main office from Omaha to Chicago last month.
Faraday has quickly amassed a workforce that includes former employees of both Tesla and conventional automakers during its secretive 18-month existence.
A company contracted to provide advanced smartphone screens to Apple will sell some of its equipment at auction later this month as part of a settlement with the tech giant.
If approved, the four-year contract would cover 52,600 GM factory workers.
One of the world's iconic beers is about to tweak its recipe, but it's unlikely that anyone but strict vegetarians will notice much.