Every January, companies make predictions about the year ahead and what trends they should expect. Bobby Bono, the U.S. industrial manufacturing leader at PwC, has assembled a list of trends he is predicting for the manufacturing sector moving forward.
The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.
Over the past decade, China has become the world's leading manufacturer of solar energy technologies. China's solar manufacturers have helped drive down the cost of solar panels by using large-scale production practices, spurring the European Union to set a minimum price for Chinese solar panels sold in Europe.
Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.
When you consider some of the challenges that manufacturers face across industries today — they’re unprecedented. The pressures of global supply and demand dynamics, supply chain complexities, disparate production locations and systems, regulations, and other factors have forced manufacturers to reevaluate operations and optimize them everywhere possible in order to remain competitive and profitable.
U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1 percent the previous month.
General Motors sold 9.71 million cars and trucks last year, probably not enough to beat out Toyota for the global sales crown, but about 2 million better than Volkswagen. Toyota, the sales champion in 2012, will report its sales next week. It only needs to show a little growth to beat GM again.
The U.S. is accusing China of failing to comply with a World Trade Organization ruling against China's imposition of duties on high-tech American steel. Washington says the duties caused a $250 million annual drop in exports. The ruling concerns grain oriented flat-rolled electrical steel that is used primarily by the power generating industry.
The planned $13.62 billion acquisition of the owner of Jim Beam and Maker's Mark by a Japanese company adds two more classic brands to the lineup of bourbon staples tied to foreign-based parent companies. Wild Turkey and Four Roses are other historic brands with foreign ownership connections.
Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) recently announced that construction is underway at the assembly line that will produce the first U.S.-made Lexus. Last April, TMMK announced it would localize production of the ES 350, which has never been assembled outside of Japan.
Overseas Marlboro maker Philip Morris International Inc. says it's investing up to 500 million euros (about $680 million) for a manufacturing facility and pilot plant in Italy to make new tobacco products.The company said Friday the facilities near Bologna will produce its so-called "reduced-risk" tobacco products.
China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy. Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday.
Chrysler has technically been “foreign-owned” since July 2011, but the recent deal makes it all the more real: Chrysler might be an American-headquartered company, but it’s also a fully-owned subsidiary of an Italian company. That’s an important distinction, one that means Chrysler simply isn’t in the same playing field as Ford and GM, no matter each of their origins.
Mazda Motor Corporation announced that production has begun at its new plant in Mexico. The plant, named Mazda de Mexico Vehicle Operation* (MMVO), is located in Salamanca, in the state of Guanajuato.
Japan Ford President Toshio Morita, unveiling the 2.29 million yen ($22,900) model Thursday, declined comment on trade barrier and currency manipulation allegations being voiced by Ford Motor Co. headquarters in Dearborn, Michigan, and other U.S. automakers.
Steve Burch, of KPMG's Global Joint Ventures Practice, explores some key opportunities and challenges for the Manufacturing sector and how joint ventures and alliances, if well planned and executed, can help deliver growth.
The European Union says it is beefing up its carbon trading system to make it more expensive for utilities and other businesses to burn fossil fuels. EU officials on Wednesday voted for a proposal that ended a year of bickering over how to amend what is Europe's prime tool in the fight against climate change.
Two Goodyear bosses held captive by workers spent the night inside a factory in northern France that the company wants to close. The plant, which Goodyear has tried to sell or shutter for five years, has become an emblem of France's labor issues.
The U.S. trade deficit fell in November to its lowest level in four years, an encouraging sign for economic growth. Gains in energy production and stronger sales of American-made airplanes, autos and machinery lifted exports to an all-time high.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite comeback story. But one troubling trend could signal a major complication for returning manufacturers: our nation’s increasing reliance on unstable supply chains of imported minerals.
Ford China sold 935,813 wholesale vehicles in 2013, a 49 percent increase from 626,616 vehicles in 2012. In 2013, Ford also dramatically expanded its imported vehicle offerings in China, with the introduction of the Ford Focus ST, the Ford Fiesta ST, and the Ford Explorer.
The World Trade Organization says the dispute is the first to be initiated by Russia since it became a full member of the Geneva-based WTO in August 2012. In a statement Monday, the WTO said Russia is seeking consultations with the EU over its anti-dumping duties on Russian steel products and ammonium nitrate, which is mainly used in fertilizer.
Mike Davis, sales manager at Desert Tech, said the company was on a short list for a contract with Pakistan, but spurned the opportunity because of unrest in Pakistan and ethical concerns. It was a difficult decision because of the amount of money involved, he said, and the sale of rifles to Pakistan would have been legal.
The Inter-American Development Bank plans to award $40.5 million to help an industrial park in northern Haiti with its expansion, the international agency said Thursday.
Global markets began the New Year on a subdued note, falling Thursday after a Chinese survey suggested the world's second-largest economy might be slowing. Major indexes closed out 2013 at or near record highs, but investors seemed reluctant to chase more gains in the new year.