Tag: manufacturing

Harley-Davidson moves some work from US due to tariffs

by John Biers © Agence France-Presse NEW YORK, United States (AFP)–Harley-Davidson plans to shift some manufacturing of its iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday. The announcement comes as the 117-year old company is also buffeted by higher steel costs following tariffs enacted by US President Donald Trump, who had embraced the company as an emblematic US industrial firm in the early days of his administration. Trump on Monday […]

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US union rips Ford plan to move electric vehicles to Mexico

 by Joseph Szczesny Agence France-PresseDETROIT, United States (AFP) — The United Auto Workers chief on Wednesday blasted Ford’s decision to send production of electric vehicles to Mexico, out of its home base in Michigan. UAW President Dennis Williams also complained that the massive tax bill approved by Congress on Wednesday failed to provide funding to key investments to make the US more competitive. “I’m not happy with Ford,” Williams told reporters at the union’s headquarters. “I think we’re […]

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Crisis-stricken GE to unveil painful roadmap to salvation

by Luc Olinga © Agence France-Presse NEW YORK, United States (AFP) — Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands. Hammered by financial markets, with its market capitalization down more than $100 billion since January, the maker of jet engines and power turbines is paying dearly after making losing bets that the energy sector, […]

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China manufacturing expands for first time in 9 months, government says

Beijing, China (AFP)—China’s manufacturing activity expanded in March for the first time in nine months, official data showed Friday. The official Purchasing Managers’ Index, which tracks activity in factories and workshops, rebounded to 50.2 last month, figures from the National Bureau of Statistics showed. It was the highest figure in nine months and the first expansion of manufacturing activity since June 2015. The result beat the median expectations of 49.4 in a Bloomberg News survey […]

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