Manufacturing Loses 12,000 Jobs, Paced by Motor Vehicles February 7, 2020 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.
Ford Posts Quarterly Loss February 4, 2020 Ford Motor Co. today reported a fourth-quarter loss of $1.67 billion as the automaker’s North American results fell. The loss was 42 cents on a per-share basis. That compares with a year-earlier loss of $116 million, or 3 cents. Revenue for the quarter fell to $41.8 billion from $39.7 billion a year earlier.
Mack Trucks to Launch New Medium-Duty Product Line in Roanoke County, Virginia February 4, 2020 Governor Ralph Northam has announced that Mack Trucks will invest $13 million to establish a manufacturing operation in Roanoke County, creating 250 new jobs. The new venture will allow Mack to produce and sell a new line of medium-duty trucks.
Caterpillar Profit Rises Despite Lower Revenue January 31, 2020 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.
Carlos Ghosn Fights Back January 8, 2020 Carlos Ghosn, the former executive who fled Japan last month, went on the offensive today against the Japanese criminal justice system and Nissan Motor Co., the automaker he formerly headed.
GM Lawsuit Means the Crisis Has Arrived for FCA November 20, 2019 General Motors Co., by filing a racketeering lawsuit against Fiat Chrysler Automobiles, has engulfed FCA in a crisis.
In China, and world over, it will soon be all about adroitly adjusting on the fly October 17, 2019 The concepts Industry 4.0 in Europe, Made in China 2025 and smart manufacturing in the U.S. “all share a common goal—to create cyber-physical systems to innovate in manufacturing,” IDC's Bob Parker said at Dassault Systèmes’ recent Manufacturing in the Age of Experience event. “And it’s really dependent on a set of new technologies like IoT (the Internet of Things) and artificial intelligence (AI).”
Try, Try Again: Fiat Chrysler Enters Into a New Merger Pact October 31, 2019 Fiat Chrysler Automobiles said Thursday it wants to go to the merger altar again. This time, it’s with Paris-based PSA Group.
FANUC America Opens New Michigan Facility October 23, 2019 FANUC is expanding its presence and capabilities near its North American headquarters campus.
Ford Quarterly Profit Falls on Revamping Costs October 23, 2019 Ford Motor Co. said its third-quarter profit declined by more than half as the automaker continues to revamp its operations outside North America.
