Growth has marched steadily downward over the past two years as Beijing clamped down on a spending boom that analysts worry has pushed debt to dangerous levels. That has meant less Chinese demand for imported goods from copper and cement to factory machinery and earth movers.
A U.S. business group is urging China to expedite recently announced economic reforms, saying it will smooth the way for an investment treaty being negotiated between the world's two largest economies.
Toyota's announcement, which will result in the loss of around 2,500 jobs, was widely anticipated, coming just two months after General Motors Co. said it would end production in Australia by 2017. Ford Motor Co. announced in May that it would cease Australian production in 2016.
The Tazreen factory, located outside the capital, Dhaka, produced clothing for major retailers including Wal-Mart. Investigators say it had no emergency exits and workers found the gates locked from the outside.
Even in our turbulent global economy, the popular idea of declining farms and factories is largely unfounded. UN and World Bank data show that food and manufacturing output are growing everywhere, but remain hidden by the faster-growing services sector.
The U.S. trade deficit increased in December after hitting a four-year low in November. But for the year, the deficit fell to its lowest point since 2009 as exports rose to an all-time high.
A human rights group said Thursday that garment factory owners in Bangladesh have been intimidating and threatening workers who try to organize trade unions.
Ashlynne McGhee reports live for ABC News on Holden's decision to cease manufacturing in Australia. This news provides a big blow to a country that was recently told Ford will also stop Austrialian production.
With the enhanced annual production capacity of 5.8 million units in India, Honda aims to reach top spot in the country's market. The Japanese manufacturer now ranks second in market share behind its former joint venture partner Hero group of India.
There is much debate over the effectiveness of the outsourcing strategy, the affect it has had on “American” brand quality, and the affect it is having on the U.S. economy and its ability to pull out of the current recession. In some cases, it has proven to be a good move. In some cases it has proven disastrous.
Amid the news that Chrysler was being merged with its Italian owners Fiat, and many still-unanswered questions about the future of what used to be one of America’s “Big 3” automakers, the company has doubled-down on its very U.S.-focused — and some say ironically xenophobic — advertising scheme.
Previous labeling rules required only the country of origin to be noted, such as "Product of U.S." or "Product of U.S. and Canada." New rules require that labels for steaks, ribs, and other cuts of meat include clear information about where the animals were born, raised, and slaughtered.
U.S. stocks fell sharply in afternoon trading Monday, pushing down the Dow Jones industrial average more than 260 points as investors worried about reports of sluggish growth in the U.S. economy. The decline adds to losses racked up by the market in January.
Saturday's announcement comes days after new GM chief executive Mary Barra visited Opel's headquarters in Ruesselsheim and said the company's plant there will get the job of building a new vehicle. She reiterated a commitment to turn around the unit after years of losses.
Several thousand people have marched from a Coca-Cola bottling plant in a southwestern suburb to downtown Madrid to protest the company's plan to close four plants in Spain and lay off workers.
The results are an indictment of the auto industry in India, which lacks adequate safety standards, said David Ward, head of the London car-safety watchdog Global NCAP, which performed the crash tests. India has some of the deadliest roads in the world.
Honda Motor Co. reported on Friday a 160.7 billion yen ($1.58 billion) net profit for the October-December fiscal third quarter, up from 77.4 billion yen the year before.
Abbott Laboratories is closing one of its manufacturing plants in the Puerto Rico town of Barceloneta next year, delivering another blow to the U.S. territory's once-thriving pharmaceutical sector, officials said Thursday.
Society of Motor Manufacturers and Traders Chief Executive, Mike Hawes, discusses UK car, commercial vehicle, and engine manufacturing performance in 2013. Ford of Britain Managing Director, Mark Ovenden, and other automotive executives also give insights into the year's performance and their expectations for 2014.
The Dutch Foods and Wares Authority says it has "preventatively" blocked all shipments from a Dutch slaughterhouse after investigators found horsemeat in four shipments that were labeled as beef products.
"This is the third consecutive State of the Union in which there has been a strong rhetorical focus on manufacturing, and that’s welcome. But the progress, despite the rosy picture painted by the President, has been painfully slow. And in some cases, such as the trade deficit with China, we’ve seen backsliding."
Fiat's board of directors agreed on the name Fiat Chrysler Automobiles NV, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.
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.
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.