The surge in orders for durable goods, which are products expected to last at least three years, was the latest evidence of a rebound in manufacturing. The gains will likely provide support for the economy into 2014.
Appliance maker Electrolux announced plans Friday to create more than 800 additional jobs over the next four years in Charlotte as it expands next to its North American headquarters.
Government figures showed that the world's largest economy grew by an annualized rate of 4.1 percent in the third quarter, up from the previous estimate of 3.6 percent. The pace of growth is further evidence that the U.S. economy is gaining traction and helps explain why the U.S. Federal Reserve decided to reduce its stimulus by $10 billion a month starting from January.
The two Koreas have taken an initial step to open their jointly run industrial park to overseas investors. But foreigners who toured the complex on Thursday say the compound in North Korea remains a tough sell despite its cheap labor.
Footage released by the robot's developers on Friday showed Kirobo performing its first mission on the station, talking in Japanese with astronaut Koichi Wakata as part of an experiment testing Kirobo's autonomous conversation functions.
Once China's must-have gadget, the iPhone has seen its explosive popularity squeezed as the market filled with lower-priced rivals from Samsung to ambitious local brands. Some analysts say anybody who wants an iPhone and can afford it already has one.
Google's $12.4 billion purchase of Motorola Mobility was widely seen as a way for Google to acquire patents to defend its Android operating system from intellectual property lawsuits. Yet Motorola hasn't given up on making phones. In August, it started selling the Moto X, the first smartphone assembled in the United States.
Australian Prime Minister Tony Abbott on Thursday urged Toyota Motor Corp. to continue manufacturing cars in the country, a day after General Motors Co. announced it would follow Ford Motor Co. in ceasing production here due to high costs, market fragmentation and fierce competition.
General Motors Co. got about $343 million for its 7 percent stake in French automaker PSA Peugeot Citroen. The Detroit company on Friday said that it completed the private placement sale of 24.8 million PSA shares for 250 million euros.
Ford Motor Co. says it will hire more than 11,000 people in the U.S. and Asia next year to support an aggressive rollout of new vehicles. Joe Hinrichs, Ford's president of the Americas, said the company plans to hire 5,000 workers in the U.S. — including 3,300 white-collar staff like engineers — and 6,000 workers in Asia
Safety advocates decried the idea of any delay, saying that in terms of safety, Brazilian cars are already decades behind those produced for consumers in the U.S. and Europe despite Brazil now being the globe's No. 4 auto market.
In the second part of Automotive Insights, we’re talking how reshoring and the Southeast’s rise is changing American automaking. Over the last few years, the automotive industry has seen more foreign manufacturers, like Toyota, Honda, and Volkswagen, establishing manufacturing operations here in the U.S.
One enterprising car buyer just bought a Tesla Model S Performance using the digital Bitcoins, an open-source currency that uses cryptography to secure and anonymize transactions between parties, from the Lamborghini Newport Beach dealership.
European Union antitrust regulators have raided the offices of several companies that make and sell consumer electronics and domestic appliances, in an investigation into whether they artificially boosted the prices of goods online.The raids were carried out by the European Commission, the EU's executive arm, which declined to identify the companies targeted.
Wages in China are steadily rising at an annual rate in the double digits. Tax incentives for foreign manufacturers are expiring, energy costs continue to increase, and the cost associated with shipping are increasing. In short, China is becoming a far less attractive manufacturing option for American companies.
Venucia is a leader in the latest twist in the world's biggest auto market: Chinese brands created by global automakers with local partners to sell foreign cachet at lower prices. The trend started with government pressure on global automakers to help create Chinese brands. But some are trying to turn that into a commercial advantage.
The Fit sold 26,235 units, up 181.5 percent from a year earlier, with its hybrid model with a fuel economy of 36.4 kilometers per liter drawing robust demand, according to the Japan Automobile Dealers Association and the Japan Mini Vehicles Association.
China has given Renault and a local partner approval to launch a $1.3 billion auto manufacturing joint venture, the French brand's first in the world's biggest vehicle market. Renault SA, maker of the Clio and Megane hatchbacks, is one of the last major auto brands without its own manufacturing in China.
GM said Thursday that Chevrolet will no longer have a "mainstream presence" in Europe and said the decision was "largely due to a challenging business model and the difficult economic situation" on the continent. GM has continued to lose money in Europe even as its performance elsewhere improves.
Josh Miller, of Made in the USA: The 30 Day Journey, sits down with the Alliance for American Manufacturing. He discusses what he learned making the film, how to be a better Made in the U.S.A. shopper, and even gave us a glimpse of his next big project.
Emerging from a meeting with Chinese President Xi Jinping, U.S. Vice President Joe Biden said Wednesday that U.S.-China relations depend on trust and a positive notion of each other's motives. Neither leader made public mention of a major clash over disputed airspace that's pitted China against the U.S. and its Asian allies.
In this inaugural episode of Automotive Insights, sponsored by Omni-ID, we're talking about the growing complexity within the American automotive landscape, from changes within the Big 3, to the revolution of battery-powered cars like the Tesla Model S, and the fact that an increasing amount of American-made cars are now emerging from the Southeastern states, like Tennessee, Alabama, Georgia and Mississippi.
Nippon Steel & Sumitomo Metal Corp. is in talks to acquire a German company's U.S. automobile steel sheet plant jointly with ArcelorMittal S.A. for around 200 billion yen, sources close to the matter said Wednesday.
As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars.
Honda Motor Co. on Tuesday started the construction of its second auto assembly plant in Brazil that is scheduled to open in 2015. Honda invested about 1 billion real (about $437 million) for the Sao Paulo plant to meet growing demand in Brazil, the fourth largest auto market in the world.