The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.
General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.
A recent survey from Entrada Group posits a rather interesting conclusion: the U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second, and China falling far behind.
Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
Both hiring and consumer outlooks have improved, which along with interest rates fueled much of the index's improvement.
Beer consumption in Belgium has dropped 27 percent since 1992, and brewers are trying to reverse this trend.
The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and were unchanged in the remaining 12.
Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category.
The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005.
Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released Wednesday.
As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper.
Many expect GM sales to take a hit from a mishandled recall of small cars, though it's unclear when and how severe.
The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it.
Some argue that CEO pay packages may seem inflated, but are partially in response to the often truncated length of service — essentially, these are short-term gigs.
U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture, and a number of other products.
The prices companies receive for their goods and services jumped in March led by gains for food, clothing, jewelry, and chemicals.
With 192,000 jobs added in March, the labor market is strong enough that businesses are growing, but still too weak for the Federal Reserve to promptly end stimulus.
Manufacturing activity in the Southeast increased for March, registering its highest reading since 2012, according to the Southeast’s Purchasing Managers Index (PMI) report.
The Alliance for American Manufacturing (AAM) looked over the data released by the Department of Labor and reported that America’s manufacturing sector lost 1,000 jobs in March.
U.S. employers added jobs at a solid pace in March in the latest sign that the economy is rebounding from a weak stretch brought on by a harsh winter.
The U.S. trade deficit climbed to the highest level in five months in February as demand for American exports fell while imports increased slightly.
Does your small business have plans to hire or are PNC’s survey respondents being overly optimistic based on the circumstances?
Shares of Ford rallied in the first quarter while GM's stock was hit hard by recall woes. But shares of Toyota and Honda are stuck in reverse as well.
Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month.