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General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.

Manufacturing employment rebounded in February, with motor vehicles and parts leading the way with a gain of 6,800 jobs. Manufacturing added 15,000 overall.

U.S. manufacturers cut 12,000 jobs in January, led by a loss of jobs in the motor vehicles sector. Makers of vehicles and parts pared 10,600 jobs, according to the U.S. Bureau of Labor Statistics.

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.

Bill Ford, executive chairman of Ford Motor Co., is now in Act III in his career at the automaker. The outcome will determine Ford Motor’s future and his legacy.

The memo of understanding comes after years of collaboration between the companies.

Discover how Driven Precision Engineering, a small business specializing in precision machining for Formula One teams, found a tailored solution with LK Metrology's CMM technology, revolutionizing their quality control processes for high-speed racing components.

UAW members' overwhelming strike authorization vote at General Motors, Ford, and Stellantis reflects growing discontent and demands for equitable benefits amidst record profits, potentially reshaping the landscape of the auto industry.

The Faurecia-Hella merger has birthed Forvia, a forward-looking automotive powerhouse pioneering electrification, energy management, sustainable materials, and cutting-edge cockpit and lighting innovations.

The auto industry faces a near-term challenge (a possible UAW strike) and a long-term obstacle (expansion of Chinese automakers), a consulting firm said today.