Chinese solar panel makers that grew fast over the past decade are suffering big losses due to slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.
German carmaker Volkswagen AG says sales rose 11.9 percent in July as demand in Asia and the United States outweighed slacker sales in crisis-hit western Europe. The company sold 468,300 vehicles worldwide during the month, up from 418,600 a year ago.
A major Chinese city has announced plans for $240 billion in industrial investments, adding to a series of local spending initiatives that analysts say should help to boost China's slowing economic growth. The city government of Chongqing, said it will invest in seven areas including petrochemicals, electronics and auto manufacturing over the next three years.
As American manufacturing appears to have steadied from a 2011 growth spurt, contract manufacturing continues a trend of positive growth. In the third D2P Manufacturing Trends Survey, 42 percent of U.S. OEMs indicated that they expect to have more outsourcing projects in the next year than they had in the past twelve months.
Apple is the world's most valuable company, ever. On Monday, its surging stock propelled the company's value to $623 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom. After a four-month dip, Apple's stock has hit new highs recently.
Facing up to its past mistakes is expected to saddle Hewlett-Packard Co. with a quarterly loss of nearly $9 billion, the largest setback in the Silicon Valley pioneer's history. The sobering results, due out after the stock market closes Wednesday, won't be a surprise.
Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide. The Labor Department says unemployment rates fell in only two states and were unchanged in four.
Ford Motor Co.'s problems in Europe are worsening thanks to the region's faltering economy. The Dearborn, Michigan-based company said Thursday that auto industry sales in the region through July were the lowest in 17 years as automakers battled for sales in a declining market. Ford sold 83,100 vehicles last month in 19 European countries, down 12.3 percent from a year earlier.
The number of U.S. car dealerships is rising again after hundreds of closures during the recession. It's another sign of strength for the car industry.
Facing a collapse in export growth and weak consumer spending, Beijing is avoiding an aggressive stimulus and sticking to a gradual strategy of small interest rate cuts and modest spending increases.
The effects of a slowing global economy caught up to Deere & Co. in its fiscal third quarter, as its net income rose 11 percent but fell well short of Wall Street's expectations.
U.S. factories made more cars, computers, and airplanes last month, a hopeful sign that manufacturing is recovering after a weak spring.
U.S. taxpayers will lose $3.3 billion more on the auto industry bailout than the government predicted two months ago, hurt by General Motors' falling stock price.
U.S. wholesale prices increased in July from June, pulled up by higher costs for cars and light trucks and the biggest increase in corn prices in nearly six years.
Japan's economy grew at a slower-than-expected annualized rate of 1.4 percent in April-June, adding to worries over the global outlook.
India's industrial output fell a worse-than-expected 1.8 percent in June, its third fall in four months, as slumping manufacturing and investment darken the outlook for Asia's third-largest economy.
The outlook for the U.S. economy brightened a little Thursday after new data pointed to improvement in hiring and greater exports.
Toyoda said he is confident the new compact sedan Toyota will start producing next month in Brazil will win a solid portion of the country's market, where European and U.S. automakers hold large shares.
Tata Motors said Thursday its June quarter profit rose 12 percent as strong sales of its Jaguar Land Rover vehicles made up for lackluster domestic demand.
China's trade and domestic demand have added to pressure on Beijing for a more aggressive stimulus to boost the world's second-largest economy out of its worst slump since the 2008 crisis.
“We’re looking at a softness and a slowdown in demand for manufacturing products, both domestically and internationally,” says Brad Holcomb.
The U.S. trade deficit fell to its lowest level in 18 months in June, pushed down by a steep drop in oil imports and a rise in exports.
U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up.
Toyota's top U.S. sales executive predicts that his company will add jobs and build more models in North America as a hedge against a strong yen.
The central banks of France and Britain, Europe's second- and third-largest economies, made grim forecasts on Wednesday, while data out of Germany, its largest economy, showed a weakening in manufacturing.