Ford Motor Co. said today it’s suspending its stock dividend and tapping credits lines to ensure it has enough cash amid the outbreak of the coronavirus (COVID-19).
Durable goods orders rose in February before the novel coronavirus (COVID-19) began to hit the U.S. economy.
The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.
General Motors Co. today reported a third-quarter earnings recovery on sales of high-profit trucks.
Ford Motor Co. today reported a third-quarter earnings rebound on sales of trucks and SUVs. The automaker cautioned some bumps remain.
Durable goods orders increased in September on transportation equipment, the U.S. Commerce Department said today.
Demand for automation and robots is surging in multiple industries, including automotive, writes the CEO of Thomas.com.
Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
Ford Motor Co. is leasing four-legged robots from Boston Dynamics as part of a program to reduce cost and boost efficiency.
Grede said it has acquired some assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC.