New York Manufacturing Index Falls
Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.
June 15, 2012Volkswagen Considers Buying Stake in Navistar
Volkswagen is in the “early stages” of considering whether to purchase a stake in Navistar, the maker of International brand trucks, Reuters reported Monday.
June 11, 2012Navistar Loses $172 Million in 2Q, Citing Engine Certification ‘Distraction’
Navistar International Corp. last week reported a $172 million loss in its second quarter, partly triggered by what its top executive said was “a lot of noise and speculation” about Environmental Protection Agency approval of its 13-liter engine, and reshuffled top management in a bid to restore profitability.
June 11, 2012ISM Services Index Improves
An index of the U.S. economy’s service sector improved in May, the Institute for Supply Management said Tuesday.
June 5, 2012Factory Orders Drop 0.6% in Second Straight Decline
Factory orders fell 0.6% in April, the second straight monthly decline, the Commerce Department said Monday.
June 4, 2012ISM Manufacturing Index Slips in May
U.S. manufacturing activity slowed in May but showed continued expansion, the Institute for Supply Management said Friday.
June 1, 2012Delphi Seeking to Buy FCI Division
Vehicle components maker Delphi Automotive said it has entered “exclusive negotiations” to purchase FCI Group’s Motorized Vehicles Division for 765 million euro (about $972 million).
May 25, 2012Industrial Production Rises More Than Forecast
Industrial production rose 1.1% in April, led by automobile manufacturing and utility output, the Federal Reserve said Wednesday.
May 16, 2012Wabash Buys Bulk-Trailer Maker Walker Group
Trailer manufacturer Wabash National Corp. said it has completed its previously announced acquisition of Walker Group Holdings.
May 9, 2012Daimler, Cummins 1Q Earnings Increase, Show Gains in North American Market
Original equipment manufacturers Daimler AG and Cummins Inc. reported more success in North American truck markets during the year’s first quarter, compensating for problems in other parts of the world.
May 7, 2012