Latest Manufacturing sector performance News

FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of auto workers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus. (AP Photo/Carlos Osorio, File)

Auto workers' tenuous return a ray of hope in jobs crisis

May. 15, 2020 10:38 AM EDT

DETROIT (AP) — Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of auto workers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus....

Mary Washington, 73, speaks through a window to her daughter, Courtney Crosby and grandchild Sydney Crosby for a Mother's Day celebration at Provident Village at Creekside senior living on Sunday, May 10, 2020, in Smyrna, Ga. (AP Photo/Brynn Anderson)

Leaders balance optimism with threat of second virus wave

May. 10, 2020 10:54 PM EDT

HOUSTON (AP) — Trump administration officials spoke optimistically about a relatively quick rebound from the coronavirus Sunday as life within the White House reflected the stark challenges still posed by the pandemic, with Vice President Mike Pence “self-isolating” after one of his aides...

German industrial production down 9.2% in March on virus

May. 7, 2020 5:18 AM EDT

BERLIN (AP) — Industrial production in Germany, Europe's biggest economy, dropped 9.2% in March compared with the previous month as shutdowns around the continent and elsewhere started to bite, official data showed Thursday. The figures reported by the Economy Ministry came a day after data showing that...

Cars and trucks are driven on a relatively empty highway in Frankfurt, Germany, Wednesday, May 6, 2020. Due to the coronavirus a lot less traffic is seen during the day. (AP Photo/Michael Probst)

German factory orders plunge in March as shutdowns hit

May. 6, 2020 7:25 AM EDT

BERLIN (AP) — German factory orders plunged by 15.6% in March compared with the previous month as countries around Europe and beyond started shutting down public life and businesses, official data showed Wednesday. Demand from both domestic and foreign customers for goods made in Europe's biggest economy...

BMW: Outbreak will slow auto industry 'for quite some time'

May. 6, 2020 5:07 AM EDT

FRANKFURT, Germany (AP) — Automaker BMW saw net profit fall slightly in the first quarter from a year earlier, when the company had a large one-time expense. The company said it expected earnings to deteriorate during the first half of this year due to the coronavirus lockdowns and predicted the entire...

FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union. (AP Photo/Carlos Osorio, File)

Fiat Chrysler swings to loss as virus hits production, sales

May. 5, 2020 2:07 PM EDT

MILAN (AP) — Fiat Chrysler Automobiles on Tuesday reported a first-quarter net loss of 1.7 billion euros ($1.84 billion) due to a steep decline in car sales triggered by the coronavirus pandemic, and said the impact on the second-quarter would be even more severe. The Italian-American carmaker has...

FILE - In this June 24, 2019, file photo machines work on a Ford vehicle assembly line at Ford's Chicago Assembly Plant in Chicago.  U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak. The Institute for Supply Management, an association of purchasing managers, reported Friday, May 1, 2020,  that its manufacturing index dropped to 41.5 last month from 49.1 in March. (AP Photo/Amr Alfiky, File)

US manufacturing falls in April as virus ravages economy

May. 1, 2020 11:00 AM EDT

WASHiNGTON (AP) — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak. The Institute for Supply Management, an association of purchasing managers, reported Friday that its manufacturing index dropped to 41.5 last month from 49.1 in March. Anything below...

FILE - This Wednesday, March 18, 2020, file photo, shows a Tesla charging station for automobiles in Port Huron, Mich. Tesla's sales of its increasingly popular electric cars got off to a fast start in the year, even though the company had to slam the brakes along with other major automakers in March 2020 because of worldwide efforts to contain the worst pandemic in a century. (AP Photo/Paul Sancya, File)

Tesla ekes out 1Q profit, Musk rails against virus measures

Apr. 29, 2020 9:46 PM EDT

DETROIT (AP) — Tesla reported that it eked out a first-quarter net profit Wednesday and its CEO went on a rant about the legality of government stay-home orders issued to prevent the coronavirus from spreading. The electric car and solar panel company said it made $16 million from January through March,...

FILE - In this March 16, 2020, filer photo, Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo. Japan’s central bank on Monday, April 27, 2020, announced it is making it easier for cash-strapped companies to get funding in response to the growing economic damage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)

Asian markets gain after Japan central bank boosts aid

Apr. 27, 2020 12:20 AM EDT

BEIJING (AP) — Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy. Tokyo's benchmark surged 2.4% and Shanghai, Hong Kong and Sydney also gained. Investors also...

Mississippi bucks national trends in home and car sales

Apr. 26, 2020 12:02 AM EDT

MADISON, Miss. (AP) — Homes and cars. They’re selling big right now in Mississippi — something one might not expect in times of social distancing and widespread unemployment. But the COVID-19 pandemic has had a surprising effect: lowering interest rates. It has set up deals on cars for the...