Category: Manufacturing

Industries, Manufacturing

Tesla shares rise on report that the company is preparing to increase production in California

July 10, 2019


Tesla shares rose in premarket trading on Wednesday after a report that the electric automaker will raise output at its factory in California. The company’s automotive president Jerome Guillen said in an email to employees that Tesla is “making preparations” […]

Industries, Manufacturing

Apple Has a Backup Plan If the U.S.-China Trade War Triggers iPhone Tariffs

June 11, 2019

Via: Fortune

Apple Inc. has a backup plan if the U.S.-China trade war gets out of hand. The Cupertino, Calif.-based company’s primary manufacturing partner has enough capacity to make all iPhones bound for the U.S. outside of China if necessary, according to […]

Industries, Manufacturing

Manufacturers Are Considering Leaving China. But It Isn’t All Because of the Trade War

June 7, 2019

Via: Fortune

Tariffs are Washington’s weapon of choice in its trade war against Beijing. The U.S. has levied 25% fees on up to $250 billion worth of goods imported from China, forcing manufacturers to either swallow the additional costs or pass the […]

Finance Tech, Industries, Manufacturing, Trading

Trump Wants You to Buy American. Here’s Why That’s Almost Impossible

May 14, 2019

Via: Time

For nearly a century, the St. Pierre Manufacturing Corporation has made products such as horseshoes, tire chains, and anchors in a facility near Worcester, Mass. But in recent months, St. Pierre has been struggling. Why? Increased tariffs on goods from […]

Industries, Manufacturing

Ford will invest $500 million in Tesla rival Rivian, joining Amazon and going head-to-head with GM

April 24, 2019

Via: Business Insider

On Wednesday, Ford announced a $500-million investment in the startup electric-vehicle maker Rivian. In a statement, Ford and Rivian said they had “agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using […]

Industries, Manufacturing

Germany’s economy is flashing yet another ‘grim’ warning after more weak data and a slump in demand

April 18, 2019

Via: Business Insider

Disappointing manufacturing data and a weaker growth outlook fanned fears of a German recession and a eurozone slowdown on Thursday. Germany’s manufacturing purchasing managers’ index (PMI), which is based on a survey of supply chain managers, inched up from 44.1 […]

Industries, Manufacturing

German factory orders dropped sharply in February

April 4, 2019

Via: ABC News

German factory orders dropped sharply in February, erasing hopes of an industrial rebound in Europe’s largest economy as concerns over Brexit and international trade conflicts grow. The Federal Statistical Office reported Thursday industrial orders dropped 4.2 percent in February, following […]

Industries, Manufacturing

German manufacturing just slumped to the lowest level since the financial crisis — and it’s a major warning sign for the global economy

March 22, 2019

Via: Business Insider

Stocks tumbled on Friday after a closely watched survey of German manufacturers delivered its lowest reading since the financial crisis. Germany’s manufacturing Purchasing Managers’ Index (PMI) plunged from 47.6 in February to 44.7 in March. A survey reading below 50 […]

Industries, Manufacturing

Volkswagen Slashing Up To 7,000 Jobs to Boost R&D by $9 Billion

March 13, 2019

Via: Fortune

Volkswagen (VLKPF, -1.89%) is to cut up to 7,000 jobs by 2023 so that it can increasingly focus on electric vehicles and production automation. Handelsblatt reports the move — which will primarily hit administration workers in Germany — will free […]

Industries, Manufacturing

Tariff uncertainty could hurt auto industry more than plant closures in 2019

February 18, 2019


An auto industry that many experts think already is overdue for a slowdown just got a major dose of uncertainty that could reduce investment in new technologies and vehicles. The Trump administration dealt automakers a wild card by reportedly deciding […]