Toyota said the move, aimed at cutting development costs by 20%, would start with mid-sized, front-wheel-drive vehicles this year. It wants half of vehicles it sells globally by 2020 to fall under the new platform strategy....More
Orders for core capital goods, a benchmark for future business investment, lost 1.4%, continuing six straight months of declines. However, shipments, a sign of economic growth, rose slightly by 0.2%....More
The so-called core consumer prices, excluding food and energy, are up 1.7% in the past year, edging closer to the 2% inflation target the Fed is looking for as it decides when to raise the interest rate....More
The bitter pill for Italy, which has struggled to kick-start growth, comes just weeks after the announcement that Qatar's sovereign fund is to become sole owner of a prime area of real estate in the northern city of Milan....More
Seventeen dealers had sued the company, part of the US General Motors giant, for not respecting a notice period it was obliged to give them after GM announced in December 2013 that it was withdrawing Chevrolets from sale in 2015 due to poor sales....More
The World Steel Association's monthly report tracks raw (or crude) steel tonnage and capacity utilization across 65 countries. It notes that its participating countries represent about 98% of the world's raw steel output....More
Women choose STEM and manufacturing disciplines for a variety of reasons. For me, it wasn't that I didn't have a choice to go into a STEM discipline, but it was completely the culture I grew up in....More
The Brookings Institution's report measures the enormous economic impact created by the merger of technology with manufacturing. But it also highlights some major workforce issues yet to come.
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