When does a spot of data massaging become a breach of law? It’s a question South Korean auto manufacturers, Hyundai and Kia will be ruminating over for some time to come after agreeing to penalties worth an estimated $350m for inflating fuel economy claims on 1.2m vehicles.
According to the Fed’s most recent report on Industrial and Manufacturing output, US factory production rose for the sixth consecutive month in July thanks to increased output and demand for motor vehicles, furniture, textiles and metals. Continue reading →
Upbeat manufacturing data should let business owners start their week bright-eyed and cheery without the usual caffeine. After a slow start to 2014, with GDP growth estimates near a 1% annual rate, current U.S. manufacturing data indicate the economy is getting back on its feet. Continue reading →