A subsidiary of China's top carmaker SAIC Motor Corp. plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday.
The Japanese automaker said it has been part of the "cultural fabric in the U.S. for nearly 60 years," NBC News reports.
CNBC's Rick Santelli reports the latest read on factory and durable goods orders.
It turns out that a major piece of conventional wisdom on Wall Street may not be so clear-cut after all.
The survey's findings suggest that the world's second-largest economy is entering the new year with stronger momentum.
Ford has said it would cancel production of a $1.6 billion plant in Mexico, while Donald Trump criticised General Motors for making a Chevy Cruze model in Mexico. CNBC’s Nancy Hungerford weighs in.
Scott Upham at Valient Market Research says that a combination of political pressure and declining demand for small cars influenced Ford's decision.
"The bottom line is we're not seeing the volume and the demand that we expected for that plant," Ford CEO Mark Fields told CNBC.
Efraim Levy, CFRA automotive analyst, discusses the news that Ford is scrapping plans for a new plant in Mexico and President-elect Trump's tweets about General Motors' Chevy Cruze. CNBC's Phil LeBeau weighs in.
CNBC's Rick Santelli reports the latest read on construction spending and the ISM manufacturing index.
China posted positive PMI numbers this week, but there are more problems that need to be fixed in the system, an economist said.
The China Caixin manufacturing Purchasing Managers' Index climbed in December, marking its fastest rate of improvement in three years.
India factory activity plunged into contraction last month amid a cash crunch after the demonetization crackdown, a survey showed on Monday.
Activity at China's factories slowed in December but still represented the fifth consecutive month of expansion.
Japan’s industrial production data, released on Wednesday, may have offered a light at the end of the tunnel for the long stagnant economy.
Interest-heavy, import-based department stores like JC Penney could greatly suffer under conservative tax reform, Jan Kniffen says.
New orders for U.S.-made capital goods rose more than expected in November amid strong demand for machinery and primary metals.
The billionaire is moving part of his operations to the U.S. due to its lower taxes, the SCMP reports.
Mark Cuban advises the President-elect to invest a portion of his infrastructure spending into robotics.
Michael Araten, K'NEX Brands president and CEO, discusses why manufacturing products in the U.S. is more beneficial for his company than offshoring in China.