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.
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.
Grede said it has acquired some assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC.
Manufacturing has been in the middle of the outbreak of the coronavirus (COVID-19) from the start. The impact is expanding as the virus spreads.
Shyft Group, Inc. said it F3 MFG Inc. (“F3”), an aluminum truck body and accessory manufacturer.
Kyocera Corp. said it will begin construction of a new research and development center in January 2021 at its Kokubu campus in Kirishima City, Kagoshima, Japan.