Category: Manufacturing

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” […]

June 11, 2019

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 […]

June 7, 2019

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 […]

May 14, 2019

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 […]

April 24, 2019

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 […]

April 18, 2019

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 […]

April 4, 2019

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 […]

March 22, 2019

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 […]

March 13, 2019

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 […]

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 […]