Category: Manufacturing

January 5, 2021

American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. The Institute for Supply Management reported Tuesday that its gauge of manufacturing activity […]

October 16, 2020

U.S. industrial production fell 0.6% in September, the weakest showing since spring and a sign that the economy’s recovery from the pandemic recession may be faltering just as confirmed viral infections are resurging in much of the country. The Federal […]

September 9, 2020

A survey of American businesses in China released on Wednesday found that a majority of U.S. companies in China don’t have plans to move manufacturing out of China and into the U.S., despite President Donald Trump’s recent remarks that doing […]

September 8, 2020

General Motors is taking an 11 percent stake in electric truck maker Nikola, agreeing to build its hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Nikola’s shares surged by about 45 percent in premarket trading, […]

August 10, 2020

What a difference two months can make. In May, Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, lost the business of Huawei Technologies—its biggest Chinese customer and the source of 13% of its revenue—as a casualty of geopolitical jockeying […]

July 27, 2020

New orders for key U.S.-made capital goods increased more than expected in June and shipments accelerated, but the gains were likely insufficient to avert the deepest plunge in business investment and economic activity since the Great Depression in the second […]

July 20, 2020

The U.K. manufacturing industry has warned of a “jobs bloodbath” unless the government extends its job retention program by six months, to avoid highly skilled job losses in the sector on a scale “not seen since the 1980s.” Trade body […]

July 15, 2020

Texas is moving forward with efforts to woo Tesla Inc. and lure its next electric-vehicle factory after the county that’s home to the state capital signed off on a tax-relief package. Commissioners in Travis County voted Tuesday to approve a […]

July 10, 2020

U.S. producer prices unexpectedly fell in June as the economy battles depressed demand amid the Covid-19 pandemic. The Labor Department said on Friday its producer price index for final demand dropped 0.2% last month after rebounding 0.4% in May. In […]

July 10, 2020

Ford is embroiled in an internal dispute over whether to continue producing vehicles for U.S. law enforcement in light of the broader national debate over police brutality. As many as 100 Ford employees have raised the question in letters to […]