Manufacturing added 4,000 jobs in February amid a weak job-generating performance by the economy overall.Durable goods manufacturing boosted employment by 5,000 jobs while non-durable goods lost 1,000 jobs, according to a breakdown by industry sector issued today by the U.S. Bureau of Statistics.Total non-farm employment increased by only 20,000 last month, the bureau Read More
Auto Suppliers Face Shakeout Amid Drive for Electrification
SOUTHFIELD, Mich. -- Auto suppliers may confront a shakeout as the industry shifts to more “electrified” vehicles.Suppliers are “all groping around in the dark,” Michael Robinet, managing director of automotive for research company IHS Markit, said at a media briefing today. “We know electrification is coming. Nobody has a real pulse when it is Read More
Mahle Acquires Transmission Specialist
• MAHLE Powertrain Ltd., a subsidiary of the Stuttgart-based MAHLE Group, expands its expertise in gear optimization with ZG-Zahnräder und Getriebe GmbH • Enhances integrated development of entire powertrain, optimizing balance of performance, efficiency, packaging and NVH • Perfect complement to MAHLE Powertrain’s dual powertrain strategy and builds unique competencies with Read More
FCA to Invest $4.5 Billion for New Plant, Boost Output at Existing Factories
February 26, 2019 , London - Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) confirmed today plans to invest a total of $4.5 billion in five of its existing Michigan plants, and to work with the city of Detroit and state of Michigan on building a new assembly plant within city limits. The move would increase capacity to meet growing demand for its Jeep® and Ram brands, Read More
Possible Tariffs a Concern as Auto Industry Runs Steady
AUBURN HILLS, Mich. -- Possible U.S. automotive tariffs may upend what has been a steady performance by the U.S. and global auto industry, according to some speakers at a forecast event today.U.S. deliveries of cars and light trucks have been forecast to decline this year still run at historically high levels. The biggest uncertainty is whether a trade battles expand to Read More
ROLLING INTO ASIA: Two German Firms’ Timely Moves
Coatings company prepares for a big transition—in IndiaTo date, GBneuhaus has only produced its nanotech-enabled coatings in Neuhaus am Rennweg, a small village in the state of Thuringia. But that’s about to change: The 28-year-old firm in June founded a company in Pune, India, and will soon begin producing its antimicrobial coating there, Managing Director Michael Petry Read More