manufacturing

After yesterday's sell-off on ugly U.S. manufacturing data, it's clear that bad economic data now means bad things for the stock market. We've written about this before, but it’s worth reiterating that investors are eager for more than a Fed bailout, as chances of a rate cut this...

Next year, look to our trading partners in South America and Asia (outside of China and Japan) for accelerating growth. Now that the fourth quarter is upon us, economic forecasters modeling the future have turned their attention to 2020 to help investors and companies find robust growth in a...

General Motors Company (NYSE: GM) halted operations at two maquiladoras (factories) located in the Mexican city of Piedras Negras, a consequence of the ongoing strike by 49,000 autoworkers in Detroit. The two maquiladoras – known as the Lear and EKM maquiladoras – assemble components used in the...

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Schneider Electric recently debuted factory upgrades that it claims make its Lexington, KY, factory the first smart factory in the United States.  The factory uses technology like augmented reality to give workers live operational data about machines on the floor. And the change resulted in...

Although it’s now fall, apparently hope springs eternal on Wall Street.  Investors seem to be taking heart this morning amid increased optimism on the trade front. Bloomberg reported that China has given waivers to several companies to buy at least two million tons of U.S. soybeans...

Bendix Spicer Foundation Brake is investing $65 million to expand its wheel-end manufacturing facility in Bowling Green, KY, and plans to add 100 new jobs, the joint venture of Bendix Commercial Vehicle Systems and Dana Inc. (NYSE: DAN) said Sept. 6. Bendix officials broke ground Friday on the 8.5...

A highly anticipated speech from Fed Chairman Jerome Powell is scheduled for a little later this morning. Given how jittery the market has been with the Treasury yield inversions and recession fears, ultra-low longer-term U.S. government debt yields, and continued worry about the trade war, today...

Meritor, Inc. (NYSE: MTOR) is growing its manufacturing footprint in India by 25 percent with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor, the Troy, Michigan-based maker of drivetrain, mobility, braking and aftermarket...

First, it was President Trump who tweeted about Workhorse Group Inc. (NASDAQ: WKHS) possibly buying the closed General Motors Lordstown Assembly complex in Ohio. Now, Vice President Mike Pence is declaring the funds to buy the plant have been secured. Not so fast.  Neither Trump, in his May 8...

Power management company Eaton Corp. (NYSE: ETN) reported higher second-quarter sales and earnings on Tuesday (July 30) despite a double-digit operating profit decline in its vehicle segment. Company-wide second-quarter net income was $636 million compared with $611 million in the same period a...

This morning delivered a diversion from the steady drumbeat of earnings with an update from the European Central Bank (ECB). The ECB finished its meeting today without announcing a new rate cut, but hinted strongly that one could happen in September. The ECB hasn’t cut rates since 2016, and...

Global equipment manufacturer Caterpillar Inc.'s(NYSE: CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent...

BRP Inc. recently expanded the capacity at two of its production facilities in Mexico, where it builds its powersport and personal watercraft vehicles. The Quebec-based company's increased production comes at a time when the market for recreational powersport and water-sport vehicles is estimated...

The McAllen Economic Development Corporation (EDC) recently worked with officials in the Mexican city of Reynosa to build two new maquiladoras (also known as maquilas), in addition to a major expansion of an existing one. The three maquiladoras — Indo-MIM Pvt from India, Delphi Technologies Plc (...