The company that manufactures Black Hawk helicopters said Friday it is eliminating 600 jobs, most of them in Connecticut, as it struggles with cuts to U.S. defense spending and a reduction in the demand for the workhorse aircraft used by the military to strike targets and ferry troops in Iraq and Afghanistan.
You may get your product faster and cheaper, but manufacturing overseas has its pitfalls. Through a combination of one of the new manufacturing trends, “new-shoring” — creating new jobs closer to home — and smarter international manufacturing practices, small businesses are helping protect their valuable assets.
The Himalayan kingdom of Bhutan has tapped Nissan Motor Co. to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil. Under the agreement announced Friday, Nissan will supply its Leaf electric car and set up charging stations in Bhutan.
Turkey's military has taken delivery of its first Boeing-made surveillance aircraft, part of a $1.5 billion project to modernize its air force.
Japan's trade deficit surged to a monthly record of 2.8 trillion yen ($27.4 billion) in January as imports jumped 25 percent, underscoring the challenge the country faces in restoring export-driven growth.
An $800 million Honda plant opening Friday in the central state of Guanajuato will produce about 200,000 Fit hatchbacks a year, helping push total Mexican car exports to the U.S. to 1.7 million in 2014, roughly 200,000 more than Japan, consulting firm IHS Automotive says.
The leaders of the three NAFTA nations met Wednesday in Mexico in part to highlight the economic cooperation that has grown since NAFTA joined the U.S., Canada, and Mexico 20 years ago. But all eyes were on one key area that NAFTA didn't touch: energy.
China's economic activity has slowed steadily as the government tries to reduce reliance on investment in industry and infrastructure and encourage more sustainable growth based on domestic consumption.
Visit Jaguar Land Rover's new manufacturing facility in the United Kingdom. This engine plant will employ 1,500 people, adding 3,500 jobs to the supply chain. They will be producing an engine every 36 seconds in their state-of-the-art facilities.
Loss-making French carmaker PSA Peugeot Citroen is getting a 3 billion euro lifeline backed by Chinese investors and the French government in a deal that will see the company's founding family hand over control after more than two centuries at the helm.
It might be unfathomable to people who still bear scars from the double-digit inflation of the 1970s, but what the global economy could use right now is a dose of higher prices.
Without solid numbers, many have assumed that most of the offshored jobs go to developing countries where workers are paid near-poverty wages in less than ideal working conditions. However, the researchers said public fear that offshoring to lower-cost countries is putting downward pressure on U.S. jobs may be overblown.
President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them instead.
There's one big reason why the United States has a dearth of execution drugs so acute that some states are considering solutions such as firing squads and gas chambers: Europe won't allow the drugs to be exported because of its fierce hostility to capital punishment.
The closure lasts through Feb. 28 "to strengthen work to control the spread of the H7N9 flu," the city government said in a one-sentence announcement on its microblog account.
It's a pressing matter for the tiny U.S. olive oil industry: American shoppers more often are going for European imports, which are cheaper and viewed as more authentic. And that's pitting U.S. producers against importers of the European oil, with some likening the battle to the California wine industry's struggles to gain acceptance decades ago.
The manufacturing environment is in a constant state of change. The failure to recognize the static nature of the business coupled with the failure of manufacturers to comply with disciplined global production systems has caused participants to revisit the value of outsourcing and the opportunities associated with reshoring.
Fiat Chrysler Automobiles chief executive Sergio Marchionne said Thursday he's more than halfway to getting what he's seeking from the Canadian and Ontario governments for a proposed multibillion upgrade to its Canadian plants.
Chinese leaders see auto manufacturing as a driver of economic development. But rapid growth has left Beijing, Shanghai, and other major cities choking on smog. Some cities have responded by limiting the number of new vehicle registrations.
The fund will be set up to reward rather than offer subsidies for the prevention and control of air pollution in the key areas, according to a statement released after a Wednesday meeting of the State Council led by Premier Li Keqiang.
Ford China gallops into the Year of the Horse with record January sales, posting 53 percent growth and sales of 94,466 wholesale vehicles, compared to 61,567 in January 2013.
Villagers in southwestern China infuriated by a factory that was polluting the environment smashed its offices and equipment, and later clashed with police, underscoring the potential for such concerns to trigger violent unrest.
The U.S. brought a trade complaint against India over a solar energy program it says discriminates against American manufacturers, adding another wrinkle to a bilateral relationship strained by the recent arrest and strip-search of an Indian diplomat.
The U.S. government says Bangladesh has not made sufficient progress on improving labor standards to justify reinstatement of duty-free trade benefits suspended after the global textile industry's worst disaster.
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.