The Institute for Supply Management said its services sector index rose as new orders and employment picked up. Another report showed pending home sales fell to a 7-year low.

Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.

Even a bailout could not save three of the last remaining plants in the U.S. still making sport utility vehicles.

Even a federal bailout could not save three of the last remaining plants in the United States still making sport utility vehicles.

The automaker said it would close all of its factories for at least one month in response to plunging vehicle sales in the United States. Ford also announced significant production cuts.

The assembly factory had been scheduled to open in 2010, but the downturn interfered.

The assembly factory had been scheduled to open in 2010, but the downturn interfered.

Laid-off workers are occupying a Chicago plant, arguing that the financial bailout ignores regular workers.

Ferrari is highlighting a brand and underscoring a claim to luxury style through the innovation of a factory design.

The global downturn is reaching deep into the heart of the country’s once-rapid industrial transformation.