Industrials

United Auto Workers president Gary Jones resigned on Wednesday shortly after the union moved to remove him from office amid a widening corruption probe from US prosecutors, a union source told Reuters. Jones’ lawyer Bruce Maffeo...

China has unveiled plans for a nationwide safety crackdown on its chemical industry following an investigation into a deadly factory blast that killed 78 people and injured dozens more in March, Reuters reports. The explosion, at...

Hong Kong has dipped into recession but the housing market remains firm; this is probably one of the biggest anomalies in the market. Similarly in China, though economic growth is slowing, the real estate climate index compiled...

China’s Jingye Group said on Monday it is in talks to buy British Steel in a deal estimated to be worth about 70 million pounds (US$90 million) that could help protect thousands of British jobs and...

Siemens chief executive Joe Kaeser lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. “Amusing opinions in...

China’s factory activity unexpectedly expanded at the fastest pace in well over two years in October as new export orders rose and plants ramped up production, a private business survey showed on Friday. The Caixin/Markit Manufacturing...

The United Auto Workers (UAW) union said workers at General Motors Co. will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms for temporary...

The European Commission has opened an anti-dumping probe into hot-rolled stainless steel from China and Indonesia following complaints that the two Asian nations are flooding the European market with cheap, subsidized steel. Separately, the Commission said...

Chinese electric-vehicle maker NIO has seen its share price plunge by nearly 80 percent year-to-date after it was listed on the New York Stock Exchange in September last year. Once dubbed as China’s Tesla challenger, the...

The United Auto Workers (UAW) said its roughly 48,000 hourly workers at General Motors facilities would go on strike as of midnight on Sunday after US labor contract talks reached an impasse, the first nationwide strike...

For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the US and other overseas...

General Electric Co. reinforced its defense of its accounting practices after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud, Reuters reports....

Profits for China’s industrial firms shrank in April as slowing manufacturing activity halted the previous month’s surge, putting more pressure on policymakers to step up support for an economy hit by a bitter trade war with...

China’s East Hope Group is evaluating plans to invest US$10 billion in an industrial zone in the United Arab Emirates, Reuters reports. Chinese companies are increasingly seizing opportunities in the Gulf, expanding overseas in line with...

Rare earth reserves are not a trade war game-changer. Here’s why: 1. There are abundant reserves. The US has several years of its annual consumption in domestic reserves and can also use alternative sources. 2. Most...

Earlier this year, German Economy Minister Peter Altmaier unveiled his “National Industrial Strategy 2030”, which aims to protect German firms against state-subsidized Chinese competitors. The strategy identifies key industrial sectors that will receive special government support,...

Electric vehicle (EV) battery maker LG Chem has sued its South Korean peer SK Innovation in the United States for alleged theft of trade secrets, Reuters reports. LG Chem and its American unit have filed a...

Former Nissan Motor chairman Carlos Ghosn looked set to walk out of a Japanese detention center for the second time since his arrest last year on financial misconduct charges, after a Tokyo court on Thursday set...

A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, Reuters reports, citing an indictment unsealed by the US Justice...

China will reduce direct government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-US trade war....