A car that transformed into a submarine in the James Bond movie "The Spy Who Loved Me" has been sold at a London auction for 550,000 pounds ($865,000). The distinctively-shaped white Lotus Esprit, designed for an underwater scene in the 1977 film starring Roger Moore, was sold at RM Auctions on Monday.
Politicians love promoting "made in America" during an election season but tend to forget about it once the dust settles. And so, for all the praise of American manufacturing in the last campaign – by Democrats and Republicans alike – very little has actually been done. So what happened to a real competitiveness – and – jobs agenda?
July U.S. manufacturing technology orders totaled $351.21 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 23.6 percent from June and down 23.6 percent when compared with the total of $459.44 million reported for July 2012. With a year-to-date total of $2,925.12 million, 2013 is down 7.2 percent compared with 2012.
Allied Reliability Group (ARG) is pleased to announce a new partnership between ARG and Pfingsten Partners, L.L.C. Pfingsten is a long-established private equity group with decades of experience building services companies like ARG. Their resources will accelerate our growth and innovation while building the operational excellence needed to manage growth without sacrificing outstanding service to our clients.
Employers are sketching a hazy picture of the U.S. job market for the Federal Reserve to weigh in deciding this month whether to reduce its stimulus for the economy — and, if so, by how much. The economy added 169,000 jobs in August but many fewer in June and July than previously thought.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
Rumors that BlackBerry might be bought out by its biggest shareholder is fueling optimism about the smartphone maker a day before Apple's new iPhone announcement. Blackberry most likely won't steal Apple's thunder, but BlackBerry shares are rallying.
The world's automakers are showing off their shiniest, most advanced vehicles at the Frankfurt Auto Show, which opens this week. Among the 70 world premieres are a notable number of new cars powered either by batteries or hybrid gas-electric systems. There are also outlandish concept cars that flaunt technology and design but aren't intended for sale.
China's August export growth accelerated, adding to signs of a gradual recovery for the world's second-largest economy, while import growth weakened. Exports rose 7.2 percent to $190.7 billion, accelerating from July's 5.1 percent growth, customs data showed Sunday. Imports rose 7 percent to $162.1 billion, but that was down from July's 10.9 percent.
Not too long ago, Monster.com, the well-known online job marketplace, conducted a comprehensive survey on the state of U.S. manufacturing jobs, and came to some compelling, if not worrying, results. In general, workers in U.S. manufacturing are largely unhappy with their current positions, for a variety of reasons, and are more likely to be actively searching for different work, be it at another plant, or another industry.
We’re still in a slow recovery period and there are things to be concerned about if they materialize, such as issues in the Middle East and Federal government spending. So manufacturing is not out of the woods yet, but nevertheless, two solid months to start the second half is a good sign.
Americans are paying record prices for new cars and trucks, and they have only themselves to blame. The average sale price of a vehicle in the U.S. hit $31,252 last month, up almost $1,000 over the same time last year.
After a slow first half of 2013, expectations are for the U.S. economy to gradually return to moderate growth in the second half and through 2014, according to a new forecast. The MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will expand 1.6 percent in 2013 and 2.8 percent in 2014, the former down from 1.8 percent and the latter showing no change from MAPI’s May 2013 report.
New numbers show August had the highest number of auto sales of any month since the Great Recession. Toyota, Ford, Nissan, Chrysler and General Motors all reported double-digit U.S. sales. Financial and economic analyst Mellody Hobson explains why sales are booming.
American businesses added 176,000 jobs in August, a private survey showed Thursday. That was fewer than in June and July but roughly in line with the monthly average for the year. The payroll company ADP said professional and business services firms added 50,000 jobs.
China's airlines are likely to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending, Boeing Co. said Thursday. Boeing and European rival Airbus Industries are looking to China to drive sales as growth in demand cools elsewhere.
The 1935 Avions Voisin C25 Aerodyne was designed by an aviation designer and takes cues from airplanes of that era. The designer of the Voisin was originally an aviation designer and wanted to transfer aviation design to the automobile to create the best car he could. It recently sold at Pebble Beach for $1.925 million.
The Nissan Juke Nismo delivers only 9 HP more than the base Juke model, but with tighter suspension and steering it does make this small SUV just a touch more fun. Nismo is Nissan's performance brand, and in this case, does deliver just a bit more power.
Microsoft's $7 billion deal to buy Nokia's cellphone business has investors wondering if the software giant can finally stake a claim in the mobile phone industry. A source of national pride, Finland's Nokia Corp. had led the cellphone industry for more than a decade, reaching a peak of 40 percent market share in 2008.
Toyota, Ford, Nissan, Chrysler and General Motors all reported double-digit U.S. sales gains last month as strong sales of pickup trucks and small cars led the industry toward its best month in six years. Toyota posted the biggest gain, with sales up nearly 23 percent over August of last year.
Stocks initially rose after a new report signaled the country's manufacturers are getting stronger. A jump in orders helped Unites States factories expand in August at the fastest pace in more than two years.
The U.S. trade deficit widened in July from a four-year low in June. American consumers bought more foreign cars and other imported goods, while U.S. companies exported fewer long-lasting manufactured goods. The Commerce Department said Wednesday that the trade gap rose 13 percent to $39.1 billion.
Last week, Walmart Stores announced that they would be holding a summit on U.S. manufacturing, and there’s a fair amount of skepticism over the company’s motives, particularly considering its long history of sourcing a vast majority of products from overseas.
Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over? After rising for decades, total vehicle use in the U.S. — the collective miles people drive — peaked in August 2007. It then dropped sharply during the Great Recession and has largely plateaued since.
A new report on New York's economy calls the last 10 years a "lost decade" for typical workers, with median wages dropping almost 7 percent for men and about 1 percent for women. The Fiscal Policy Institute said the recovery from the Great Recession shows more underemployment despite the state restoring overall jobs lost in the downturn.