Recent Posts

SUVs grab major share of American auto industry

  Bloomberg After the birth of the sport utility vehicle, minivans disappeared from many American driveways. Family sedans appear to be headed down a similar road. Passenger cars were just 37.5 percent of US auto sales during the first two months of the year, according to researcher Autodata Corp. As recently as 2012, coupes, sports cars and sedans like the ...

Read More »

Euro-area manufacturing sector picks up as inflation pressures build

  Bloomberg Euro-area manufacturing accelerated for a sixth month in February amid signs that inflation pressures may be starting to build as factories struggle to keep up with demand. A Purchasing Managers’ Index climbed to 55.4, IHS Markit said. The reading compares with a flash estimate of 55.5 and is up from 55.2 in January. Companies raised output charges at ...

Read More »

Foxconn to start work on $9bn TV display plant

  Bloomberg Foxconn Technology Group will begin construction this month on a $9 billion display plant in southern China, as billionaire founder Terry Gou makes a big bet on demand for giant-sized TV screens in healthcare and homes. Gou and the Taiwanese company are looking to capitalize on the technology and branding acquired with the purchase of Sharp Corp. last ...

Read More »
Send this to a friend