Tag: global economy

August 4, 2016

Car parts supplier Continental upped its forecast for 2016 on Wednesday after strong performance in its tires business. CEO Elmar Degenhart said the group would target an adjusted operating profit of “over 11%”, where previously the target had been set […]

August 4, 2016

Manufacturing can attract obsessives. The lure of a perfect product, of an optimal supply chain, of processes improving every year, every month, every week, day, hour, minute, second, all filtered through the newest technology into big data, can be overwhelming. […]

August 3, 2016

China’s manufacturing shrank in July, the government said on August 1, blaming the deterioration on rainstorms that wreaked havoc across large swathes of the country. It was the first time since February the official purchasing managers’ index (PMI) showed contraction, […]

July 26, 2016

Before the bullhorns and big speeches at the Democratic National Convention on Monday, manufacturing advocates gathered nearby at the Philadelphia Museum of Art to talk about trade policy and the future of U.S. manufacturing. It was the second of two […]

July 25, 2016

When the Chinese appliance maker Midea Group announced a bid for the German robotics manufacturer Kuka AG this spring, it seemed like something of an omen. Kuka makes robots that specialize in assembling goods on a factory floor–exactly the kind […]

July 22, 2016

As noted earlier, the U.S. economy grew by an annualized 1.1 percent in the first quarter, and the Bureau of Economic Analysis has now released data breaking out that growth by industry. In short, real value-added output in the manufacturing […]

July 21, 2016

Mexico may surpass India by 2020 as the sixth largest vehicle producer globally, according to the Mexican Association of Automotive Industry. The automotive industry accounts for 18% of Mexico’s manufacturing sector and 3% of its national gross domestic product. Mexico’s […]

July 19, 2016

Norsk Titanium AS has a contract from The Boeing Co. (IW500/9) to supply 3D-printed, titanium engineering test articles for commercial aircraft structural components, though details of the contract are few. The value and timing of the articles to be delivered […]

July 19, 2016

Manufacturing in the U.S. last month posted the strongest advance since January, helped by automobile production and a sign domestic demand is improving. The 0.4% gain at factories, which make up 75% of total industrial production, followed a 0.3% decline […]

July 13, 2016

Federal safety regulators have asked Tesla Motors Inc. for a broad range of documents and information about the automated driving systems in use when a 2015 Model S collided with a truck in a fatal accident in Florida. The National […]

July 7, 2016

“The worst crime against working people is a company which fails to operate at a profit,” American labor leader Samuel Gompers once said. That’s not a charge that would be brought against any of the following 10 manufacturing companies. In […]

July 6, 2016

After two straight monthly gains, new orders for US manufactured goods fell back in May, mainly due to a drop in volatile defense aircraft orders, the Commerce Department reported on July 5. Read More on Industry Week

June 22, 2016

Volkswagen AG Chief Executive Officer Matthias Mueller offered little more than an apology as the German carmaker sought to appease disgruntled investors for the damages caused by the diesel-emissions scandal. While Volkswagen vowed to shore up internal processes to prevent […]

June 20, 2016

The researcher hired by Toyota Motor Corp. to spearhead its robotics and artificial intelligence efforts has said the automaker’s production principles can be applied to build affordable helper robots for rapidly aging societies. Robot makers are struggling with the same […]

June 16, 2016

Factory production fell more than forecast in May, reflecting declining output of vehicles and business equipment that show U.S. manufacturing is still hobbled by weak global demand. The 0.4% decrease in output followed a revised 0.2% advance in April, data […]

June 7, 2016

Germany demanded tougher rules on controlling diesel car pollution in Europe on Tuesday as it blamed auto manufacturers other than Volkswagen of using defeat devices to pass emission tests. German transport minister Alexander Dobrindt told a meeting of his EU […]

May 24, 2016

General Electric Co. agreed to participate in as much as $3 billion of investments across industries in Saudi Arabia as the desert kingdom seeks to diversify its economy away from oil. The U.S. manufacturing giant will collaborate with the Saudi […]

May 17, 2016

he current state of the manufacturing economy continues to be a give-and-take between signs that the sector is beginning to improve versus ongoing challenges related to global headwinds. The latest job numbers represent both of those views. On the one […]

May 16, 2016

Baoshan Iron & Steel Co., China’s second-largest steelmaker, urged a U.S. trade agency to reject a complaint filed by U.S. Steel Corp. to block imports from the Asian nation. “Never before has a single company sought to use this agency […]

May 11, 2016

China, maker of about half the world’s aluminum, will export less in 2016 as output expands at the slowest pace in five years and a price rebound fails to spur substantial smelter restarts, according to United Co. Rusal, the biggest […]