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The Lead

Photo of the Day: The Newest Car To Be Made in China

April 23, 2015 10:56 am | by Maura Falk, Associate Editor | News | Comments

In today's "Photo of the Day," see what automotive company is preparing to export cars from China to the U.S. for the first time in the history of their company. 

Moving Beyond the Offshore vs. Reshore Debate: Three Reasons to Throw Out the Old Sourcing Map

April 22, 2015 2:54 pm | by Sampath Kumar | Articles | Comments

Today, we face a new global and technological order that is reshaping the reshoring discussion...

Senate Panel To Back Fast-Track Trade Bill

April 22, 2015 10:31 am | by Charles Babington, The Associated Press | News | Comments

A Senate panel is poised to advance one of President Barack Obama's top trade initiatives...

Low Wages, Trade Deals Luring Auto Plants and Jobs to Mexico

April 21, 2015 1:52 pm | by Tom Krisher, Christopher Sherman, The Associated Press | News | Comments

Mexico has become the most attractive place in North America to build new automobile factories,...

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U.S. Business Group in China Urges More Transparency

April 21, 2015 9:57 am | by The Associated Press | News | Comments

The American Chamber of Commerce in China called Tuesday for more government transparency and fairness as the confidence of U.S. companies in the country's investment climate deteriorates.

Top U.S. Exports Still Generate $67B Trade Deficit

April 21, 2015 9:40 am | by Andy Szal, Digital Reporter | News | Comments

A newly released report found the U.S. possessed a trade deficit even among its top export categories — in stark contrast to several top global competitors. 

Obama Defends Pursuit Of Sweeping Trade Pact

April 20, 2015 10:34 am | by Laurie Kellman, The Associated Press | News | Comments

President Barack Obama on Friday defended his pursuit of a sweeping trade pact as good for American workers in a global economy, dismissing fierce opposition from his own party as a "ratification of the status quo."

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Lawmakers Announce Trade Authority Deal

April 17, 2015 9:35 am | by Andy Szal, Digital Reporter | News | Comments

A bipartisan group of lawmakers on Thursday introduced a long-awaited bill that would grant the White House power to negotiate trade agreements.  

Apple Watch’s Debut Shows Growing Importance of China

April 15, 2015 1:36 pm | by Andy Szal, Digital Reporter | News | Comments

The simultaneous debut of the Apple Watch in the U.S. and China exemplifies the increasing importance of the world's most populous country to top American retailers, according to consulting firm Tompkins International.

Toyota Building Plants in Mexico, China; Seeks Growth Again

April 15, 2015 10:07 am | by Yuri Kageyama, The Associated Press | News | Comments

Toyota is building two new auto plants, one in Mexico and the other in China, ending a 3-year hiatus from such ambitions that the Japanese automaker voluntarily imposed on itself after massive recalls.

Manufacturing Groups Call for Corporate Tax Overhaul

April 15, 2015 9:48 am | by Andy Szal, Digital Reporter | News | Comments

Ahead of this week's income tax filing deadline, the National Association of Manufacturers and the Manufacturers Alliance for Productivity and Innovation Foundation said the U.S. should exempt its companies' foreign earnings from corporate taxes. 

Report: Nestlé Expected to Sell Frozen Foods Unit

April 14, 2015 2:55 pm | by Andy Szal, Digital Reporter | News | Comments

Swiss multinational Nestlé is reportedly close to an agreement that would sell its Davigel frozen foods unit to Brakes Group.

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Skilled Foreign Worker Program Quickly Hits Cap

April 14, 2015 9:43 am | by Andy Szal, Digital Reporter | News | Comments

The U.S. visa program for skilled foreign workers again saw applications exceed its annual quota in less than a week as debate over the H-1B program swirls in Washington.

China's Trade Shrinks in Sign of Economic Weakness

April 13, 2015 9:50 am | by Joe McDonald, The Associated Press | News | Comments

China's trade contracted in March by an unexpectedly wide margin, adding to expectations that Beijing will launch new stimulus to shore up weakening growth in the world's second-largest economy. 

Treasury Report Knocks European, Asian Nations Over Currency

April 10, 2015 12:16 pm | by Andy Szal, Digital Reporter | News | Comments

A report from the U.S. Treasury Department took several other nations to task Thursday over their monetary policies. 

Commodity Supplies Send Food Prices Sliding

April 7, 2015 10:13 am | by Andy Szal, Digital Reporter | News | Comments

United Nations officials estimated that global food prices are at their lowest levels in nearly five years, and commodities traders believe that trend isn't likely to wane anytime soon. 

China Manufacturing Lowest in Nearly a Year

March 24, 2015 11:03 am | by Kelvin Chan, The Associated Press | News | Comments

China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy.

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U.S. Drillers Scrambling to Thwart OPEC Threat

March 24, 2015 10:56 am | by Jonathan Fahey, AP Energy Writer | News | Comments

OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. Now they are fighting back.

VW May Replace Toyota as World's Largest Automaker

March 23, 2015 11:06 am | by Kyodo News International | News | Comments

Toyota Motor Corp. said Wednesday it expects global sales of its group to slightly fall in 2015 amid weak demand in emerging economies and Japan, a development that could lead the company to lose the title of the world's biggest automaker to Germany's Volkswagen AG.

Caterpillar Moving 2 Joliet Production Lines to Mexico

March 23, 2015 10:59 am | by The Associated Press | News | Comments

The latest move is part of a series of cuts at the factory, where 770 workers are currently employed, compared with 7,000 in the late 1970s.

GE Launches Global Research, Technology Innovation and Manufacturing in Saudi Arabia

March 16, 2015 10:15 am | by GE | News | Comments

GE announced $100 million of new programs in Saudi Arabia that will further the company’s localization efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics.

Southern States Battle for Volvo Plant

March 6, 2015 10:20 am | by Andy Szal, Digital Reporter | News | Comments

South Carolina lawmakers believe their state has the upper hand in the competition to land Volvo's new U.S. manufacturing plant.

China Lowers Growth Target, Promises to Open Industries

March 5, 2015 1:45 pm | by Joe McDonald, The Associated Press | News | Comments

China set a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive.

Unions Lobby Against Giving Obama Trade Authority

March 5, 2015 1:25 pm | by Andy Szal, Digital Reporter | News | Comments

More than 400 union workers planned to lobby lawmakers Wednesday against giving the Obama administration heightened power to negotiate trade agreements.

German Factory Orders Down More Than Expected in January

March 5, 2015 10:36 am | by The Associated Press | News | Comments

German factory orders, a key indicator for Europe's biggest economy, dropped much further than expected in January, led by a big drop in demand from other eurozone countries.

Survey Shows Chinese Manufacturing Improving

March 2, 2015 9:46 am | by The Associated Press | News | Comments

China's manufacturing activity improved in February for the first time in four months but export demand weakened, a survey released Monday showed.

Survey: China Factory Activity Up, But Export Orders Drop

February 25, 2015 10:19 am | by Kevin Chan, The Associated Press | News | Comments

China's manufacturing activity edged up to a four-month high in February although export orders decreased for the first time in nearly a year, in the latest sign of uncertainty for the world's No. 2 economy, according to a private survey.

Foreign Holdings of U.S. Treasury Debt Hit Record in December

February 19, 2015 9:45 am | by Martin Crutsinger, The Associated Press | News | Comments

Foreign holdings of U.S. Treasury securities rose to a record level in December despite investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings.

Caterpillar Says U.S. is Investigating its Movement of Cash

February 19, 2015 9:40 am | by The Associated Press | News | Comments

The U.S. government is investigating how Caterpillar has been moving cash between its business units in the U.S. and overseas, the construction equipment company said Wednesday.

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