Manufacturing

Manufacturing contracts for third straight month

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

Pentagon to reap rewards from $53B Chips Act

Commerce Secretary Gina Raimondo has outlined further details of the implementation of the Chips Act, which will include government sharing in excess profits and DOD priority.

Ford extends F-150 production halt

The Ford Motor Co. on Friday announced it was extending the production halt of its F-150 Lightning electric pickup truck after a battery caught fire at a holding lot in Dearborn, Michigan.

Tesla workers in New York launch union drive

Tesla workers at the electric vehicle giant's Gigafactory NY in Buffalo announced Tuesday they are launching a unionization effort, seeking higher pay and "a voice on the job."