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Auto Factory Assembly Line

Auto Industry Loses Sales, Adds Debt Because of COVID-19

June 5, 2020
The global auto industry is losing sales and increasing its debt because of the novel coronavirus (COVID-19), consulting firm AlixPartners said in a presentation this week.
Bill Koenig
By Bill Koenig Senior Editor, SME Media
Grede Logo

Grede Acquires Some Assets From RMG Waukesha

June 3, 2020
Grede said it has acquired some assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC.
By Grede Press Release
Boeing 737

Durable Goods Orders Plunge Amid COVID-19 Disruptions

May 28, 2020
Durable goods orders plunged 17.2 percent in April from the month before as the novel coronavirus (COVID-19) disrupted the economy, the U.S. Commerce Department said in a report today.
Bill Koenig
By Bill Koenig Senior Editor, SME Media
Manufacturing Loses 1.33 Million Jobs in April Because of COVID-19

Manufacturing Loses 1.33 Million Jobs in April Because of COVID-19

May 8, 2020
U.S. manufacturing lost 1.33 million jobs in April as the novel coronavirus (COVID-19) slammed the economy.
Bill Koenig
By Bill Koenig Senior Editor, SME Media

GM Quarterly Profit Falls Amid COVID-19

May 6, 2020
General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.
Bill Koenig
By Bill Koenig Senior Editor, SME Media
Study: COVID-19 Causes Manufacturing Utilization to Drop

Study: COVID-19 Causes Manufacturing Utilization to Drop

April 29, 2020
A study of small- to medium-sized manufacturers indicated a majority of those surveyed indicated they are operating at reduced capacity.
By Harbour Results Inc. Press Release
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