Founded in 1854 as the Eagle Foundry, the Gunite plant is the oldest continuously operating manufacturing business in Rockford and even perhaps the Midwest. Crews make brake drums, disc wheel hubs and rotors, spoke wheels and automatic slack adjusters for such customers as Ford Motor and Daimler Trucks North America.
A survey showed manufacturing growth in the Philadelphia region slowed only slightly this month, suggesting the 16-day partial government shutdown had less impact on U.S. factories than many had feared.
The White House directed all agencies to reopen promptly and in an orderly fashion. Furloughed federal employees across the country are expected to return to work Thursday.
While the emerging deal could well meet resistance from conservatives in the Republican-controlled House, the Democratic Leader, Rep. Nancy Pelosi of California, has signaled she will support the plan and her rank and file is expected to vote for it in overwhelming numbers.
Buffett said he thinks it would be absurd for American politicians to do anything to damage the country's reputation for paying its bills that has been established over the past 237 years.
The company says the price of the 2014 Chevrolet Silverado will go up almost $2,100 over the introductory price in the spring.
Factory activity in the New York region expanded more slowly in October, a sign that the partial government shutdown may be weighing on the economy.
The United States moved perilously closer to an economy-rattling default and a partial government shutdown entered its 14th day as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the crises facing the nation.
Eurostat, the EU's statistics office, said industrial production rose 1 percent. The increase was roughly in line with market expectations.
China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week.
Ford's luxury Lincoln brand spent most of this year reintroducing itself to American buyers. Now, it's taking on Lexus in a new bid to get noticed.
Economic activity in the manufacturing sector expanded in September for the fourth consecutive month and the overall economy grew for the 52nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Daimler AG's luxury brand Mercedes-Benz sold a record number of cars in September. The Stuttgart-based automaker said Friday it sold 142,994 vehicles during September, up 15.9 percent on the same month a year before.
The bitter blame game continued with the still employed politicians in DC - while as many as a million workers were sent home on Tuesday, out of work and out of luck. The government's partial shutdown also means the September jobs report is being postponed. The workers who produce it aren't deemed "essential," which is why they're among the 800,000 federal employees being furloughed.
Boeing Co. said it delivered 170 commercial planes during the third quarter as deliveries accelerated for three of its most important planes. Compared to the same period last year, deliveries sped up for its smaller, workhorse 737, its long-range best-seller 777, and its new 787.
The latest victims of the government's partial shutdown: policy wonks, politicians and TV talking heads who are losing their monthly opportunity to dissect the jobs report issued by the Bureau of Labor Statistics. It happens the first Friday of the month at 8:30 a.m. Eastern time. Except this Friday.
Amid the Washington shut down that furloughed nearly a million government workers, the private sector isn't doing much better. U.S. companies added just 166,000 jobs last month, which is fewer than economists had expected. Analysts say the softer numbers have renewed worries on Wall Street.
The new Porsche Boxster S is a fast, fun, driver-centric car. This car pays attention to how someone who truly likes to drive would like the cockpit set up, and it's especially responsive to the driver around corners. This car responds just like the driver thinks it should, and is like an extension of the driver's body, says this test driver.
U.S. businesses added just 166,000 jobs in September, only slightly more than the previous two months. The lack of improvement in hiring, along with the threat of a prolonged government shutdown, could help persuade the Federal Reserve to delay scaling back its stimulus.
Hyundai is offering to defer new-car payments for 800,000 workers who have been furloughed due to the partial U.S. government shutdown. The company says workers who buy or lease cars this month won't have to make payments until January. Those who already own a Hyundai financed through the company won't have to make payments until they go back to work.
US factory activity expanded last month at the fastest pace in 2 ½ years, an encouraging sign that manufacturing could lift economic growth and hiring in the coming months. The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index rose in September to 56.2, the highest since April 2011.
As the government's partial shutdown enters a second day, most companies across the country are doing business as usual. Yet concern is rising that a prolonged shutdown would cause some work at private companies to dry up and consumers to lose faith in the U.S. economy.
BlackBerry says the cost of reworking its operations will likely be four times as much as it estimated earlier this year and may turn out to be even be higher than that. According to financial report documents filed with regulators, the smartphone maker expects to book US$400 million in charges from a variety of factors before the end of May 2014.
A new study by the Economic Policy Institute finds that a growing trade deficit with China has cost the U.S. billions of dollars in lost wages. In 2011 alone, unbalanced trade with the People’s Republic resulted in lost U.S. wages of $37.0 billion. The EPI study cites 2.7 million U.S. jobs lost between 2001 and 2011 due to the trade gap with China, and over 2.1 million of those jobs were in the manufacturing sector.
Sales fell at General Motors, Toyota, and Volkswagen in September, an odd month that appears likely to snap a 27-month streak of gains for the American auto industry. But Ford and Chrysler appeared to have outperformed the industry, with sales on the rise.