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Toyota Motor North America Inc. will begin exporting its top-selling, U.S.-built Sienna minivans this month to distributors in South Korea.
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Progress Rail Services Corp., a subsidiary of Caterpillar Inc., celebrated the opening of its Muncie, Ind., locomotive manufacturing plant Saturday.
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Steel distributors predict a continuing scramble for market share amid a seasonal downturn but are hopeful that the market will self-correct by the first quarter.
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A joint venture established by two Asian companies has entered a deal to acquire North American metallurgical coal asset Grande Cache Coal Corp.
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Moody’s Investors Service has raised ratings on two U.S. automakers, and set ratings for a German automaker and two Tier I suppliers.
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Nissan Motor Co. Ltd. affiliate Nissan Mexicana SA de CV produced 440,645 light vehicles in the first nine months of this year, up 20.1 percent from 366,797 in the same period last year.
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FreightCar America Inc., which builds steel and aluminum rail cars that transport iron ore, metallurgical and thermal coal, finished automobiles and many other goods, has seen its backlog of orders more than double over the past 12 months.
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Whirlpool Corp. welcomed a recent preliminary determination by the U.S. Department of Commerce finding that foreign manufacturers in South Korea and Mexico violated U.S. and international trade laws by selling bottom-mount refrigerators in the United States at unfair prices.
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Japanese auto brands had already faced tough times this year due to the March earthquake and tsunami in Japan. Now, historic flooding in Thailand is forcing automakers to halt production once again.
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Appliance manufacturer and major metal consumer Whirlpool Corp. said U.S. demand for appliances has slumped back to recession levels, forcing the company to significantly restructure its operations.
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Steel distributors heard clashing views on the outlook for futures trading from different points on the supply chain.
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As auto suppliers rev up profits and production, hedge fund and equity owners will want to monetize their holdings—but the deal market is still plagued by confusion, industry observers said during a Society of Automotive Analysts seminar.
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The Canadian International Trade Tribunal has initiated a preliminary inquiry into a complaint by Novanni Stainless Inc., Oakville, Ontario, and Franke Kindred Canada Ltd., Midland, Ontario, to determine whether imports of stainless steel sinks from China have resulted in material injury.
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In its investigation of imports of bottom-mount combination refrigerator-freezers from South Korea and Mexico, the Commerce Department has set preliminary dumping margins.
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Nexteer Automotive, a Tier I automotive supplier that manufactures components for wheel-to-wheel advanced steering and driveline systems, plans to invest $150 million in its Saginaw, Mich., operations.
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The number of drill rigs running in the United States increased by eight last week, led by Texas (up seven), and Canadian drilling activity rose by two rigs compared with the previous week.
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Cargo shipments on the Great Lakes-St. Lawrence Seaway system generated $33.6 billion worth of economic activity and 227,000 jobs in the United States and Canada in 2010, according to a new study.
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A recent pullback in spot iron ore prices appears to be driven by tight credit and a market looking to find its floor, Cliffs Natural Resources Inc. executives said during the company’s third-quarter earnings conference call.
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The cost of maintaining U.S. port infrastructure and the alleged misappropriation of funds earmarked for investment in the nation’s port facilities dominated the testimony presented this past week at a hearing before the House Water Resources and Environment Subcommittee of the Transportation and Infrastructure Committee.
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Ford Motor Co. expects to end 2011 with a tidy profit as it continues to eke out increases in market share across the globe, including North America, with fourth-quarter vehicle output expected to rise to match higher sales.
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The federal antitrust investigation into allegations of price-fixing and bid-rigging in the automotive parts industry is just beginning, according to an attorney in Detroit, the epicenter of the burgeoning scandal.
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Rising build rates in the commercial aerospace industry are prompting Precision Castparts Corp. (PCC) to accelerate hiring and speed up planned capital investments.
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United Auto Workers (UAW) union members have ratified a four-year labor agreement with Chrysler Group LLC.
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Benchmark hot-rolled coil and steel plate prices will continue to fall through year-end as sheet mill production capacity grows, leading distributors to keep curtailing their stocks, Reliance Steel & Aluminum Co. executives predict.