Don’t look now, but government is shrinking, at least the discretionary income part. You’d never know it from the growth in federal outlays in recent years -- from $3.45 trillion in 2013 to a new nominal record of $3.65 trillion in 2014 and a projected $3.9 trillion in 2015. And yet while the pie is growing, over the coming decade most federal agencies will be forced to compete for bites of a diminishing slice of it.
"FAW-Volkswagen Sales Company, Ltd. presided over the process of organizing, reaching and implementing the price monopoly agreement of the car and repair services and obviously played a leading and facilitating role," Chinese regulators said....More
Among the global companies fined were Toyota, Nissan, Honda, Volkswagen, BMW, Mercedes-Benz, Ford and General Motors. Local companies fined included Maruti Suzuki, Hindustan Motors and Tata Motors....More
Could manufacturing have prompted a rare display of bipartisanship in Washington?
Turns out the answer is yes. A group of seven senators, led by Sen. Chris Coons, D-Del., has sent a letter to the Government Accounting Office asking it to analyze federal manufacturing policies and provide recommendations for improvement....More
Pricing authorities in the eastern province of Jiangsu have collected evidence that Mercedes-Benz controlled prices of its spare parts and maintenance services, the official Xinhua news agency reported Saturday....More
Beijing considers using a dominant market position to set prices as a form of monopoly. Violators' "illegal gains" can be confiscated, and they can be fined up to 10% of their sales revenues from the previous year....More
Kennametal's Carlos Cardoso climbed the industrial ladder all the way from 'shop rat' to CEO. As he prepares for retirement, he remains hopeful that manufacturing can offer the next generation the same opportunities it offered him....More