Tag: economy

November 30, 2022

Almost seven-in-ten (67%) manufacturing decision makers in the US agree that their sustainability strategy has been restricted due to cost pressures. This is according to research findings by Visual Components. The stalling of progress in green initiatives is also revealed […]

June 3, 2022

In an email to executives seen by Reuters, Tesla’s CEO Elon Musk said that he has a “super bad feeling” about the economy and that he wanted to reduce the company’s workforce by about 10%. Pessimistic Outlook The warning came […]

August 26, 2019

Since 1999, truck-based SUVs have improved fuel economy by 43 percent, the EPA study said, and pickups improved by 18 percent in that period. Nearly three-quarters of large pickup and SUV owners in the U.S. are interested in buying a […]

November 7, 2018

With U.S. levies on $200 billion of Chinese products set to balloon to 25% in 2019, companies on the mainland making everything from car parts to cameras are lining up other production facilities across Southeast Asia. Ayala Corp., the Philippines’ […]

May 25, 2018

A sharp drop in sales of U.S. civilian aircraft held down durable goods orders in April, offsetting strong gains in other areas, according to government data released Thursday. Despite the overall decline, the numbers showed some signs of continuing health […]

May 16, 2018

U.S. factory production regained its footing in April to push capacity utilization to the highest since 2015, indicating the industry will support economic growth this quarter, Federal Reserve data showed Wednesday. Highlights of Industrial Production (April) Factory output rose 0.5% […]

March 16, 2018

Again and again, stories laud the amazing new designs for electric vehicles, including the Aptera, the Solectrica, the Fisker, and the Tesla, and their potential to revolutionize the automobile industry. Note that three of the four no longer exist, although […]

March 8, 2018

New manufacturing orders in Germany fell by 3.9% in January this year, dropping an additional 1.3% than expected. A Reuters economist poll predicted that the first month of this year would see a 1.6% reduction in industrial orders. However, despite […]

August 2, 2017

President Trump has made no secret of his aim to cut red tape. “We think we can cut regulations by 75%, maybe more,” he said back in January, “We are going to be cutting regulations massively.” That same month, he […]

March 21, 2017

While higher interest rates might be a positive for financials, at the margin, however, it comes at a time when credit card debt levels are approaching 2007 levels according to a recent study from NerdWallet. The bump higher in interest […]

March 6, 2017

Big discounts and high inventories, a toxic combination for the auto industry in the past, pose less danger today because a healthy economy is keeping U.S. sales at a near-record pace, analysts say. February was a virtual repeat of January […]

February 1, 2017

Last year turned out surprisingly well for China’s automakers. Among other factors, auto sales benefited from the cut in the purchase tax on small cars initiated by the Chinese government in the final quarter of 2015 to boost flagging demand. […]

November 14, 2016

Automakers are seizing on what they see as a fresh opportunity to recast the industry’s relationship with the federal government. Within a day of Donald Trump’s surprise victory last week, the Alliance of Automobile Manufacturers was handing the president-elect’s transition […]

June 14, 2016

Manufacturing technology orders for April 2016 were down 27.5 percent from the same month a year ago, according to the latest U.S. Manufacturing Technology Orders report compiled by The Association For Manufacturing Technology. Year to date, orders are down 16.6 […]

April 4, 2016

Manufacturing in the United States expanded in March, ending a five-month streak of declining factory activity. Other data released on Friday showed that construction spending fell in February and consumer sentiment slipped in March. The Institute for Supply Management said […]

March 2, 2016

Factory activity in February shrank less than forecast as gains in new orders and production provided signs that the beleaguered industry could soon stabilize. Read More on Industry Week