Manufacturing

Conglomerate says aerospace business suffered in latest quarter and will gradually improve this year.

Deeper industry collaboration and government support will help Europe’s aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future.

While a resurgence in coronavirus cases in Texas has brought many businesses to a screeching halt, eight robots have kept All Axis Machining’s metal fabrication facility in Dallas humming.

American companies like 3M, Honeywell and Prestige Ameritech are investing in domestic production of masks.

Daimler (DAIGn.DE) will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting a smaller-than-expected quarterly loss.

The flood of canceled Boeing plane orders has returned. The company reported Tuesday that 60 orders were canceled in June, mostly by aircraft leasing companies.

Brompton, Specialized and Trek all saw massive spikes in sales due to Covid-19.

U.S. manufacturing activity rebounded in June, hitting its highest level in more than a year as the broader economy reopened, but rising COVID-19 infections threaten the recovery.

In May, Tesla told workers they could stay home if they felt unsafe.

The U.S. mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away.