Manufacturing Jobs Rebound, Led by Motor Vehicles March 6, 2020 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.
FCA to Make Face Masks for First Responders, Health Care Workers March 24, 2020 Fiat Chrysler Automobiles said it will make and donate more than 1 million protective face masks month for first responders and health care workers.
COVID-19 Pressing Auto Industry Hard, Trade Group Chief Says March 24, 2020 The auto industry is being pressed hard by the novel coronavirus (COVID-19), the head of an automotive trade and lobby group said today.
GM, Smaller After Rescue, Still Contributor to Economy, CAR Says February 24, 2020 General Motors Co., shrunken after a 2009 U.S. bailout, still provides a boost to the U.S. economy, the Center for Automotive Research said in a report.
Plug Power, Lightning Systems to Build Zero-Emission Trucks February 20, 2020 Plug Power Inc., Latham, N.Y., a provider of hydrogen engines and fueling solutions enabling e-mobility, today announced a partnership with Colorado-based Lightning Systems, a global developer of zero-emission drivetrains.
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.
