Category: Manufacturing

April 18, 2022

A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars […]

April 8, 2022

Economists and analysts are skeptical that a Biden administration push to increase domestic manufacturing will have the White House’s intended effect of meaningfully taming inflation. Administration officials have said that increasing domestic manufacturing would insulate the U.S. from the kinds […]

April 6, 2022

German carmaker Volkswagen (DE:VOWG_p) will axe many combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, its finance chief was quoted as saying on Wednesday. “The key […]

March 15, 2022

A decade after Mazda Motor (OTC:MZDAY)’s cars disappeared from Ford Motor (NYSE:F)’s factory floors in Michigan, the Japanese automaker is once again building in the United States – this time with compatriot Toyota Motor (NYSE:TM). When the first Mazda CX-50 […]

March 8, 2022

The price of copper, just about the most important industrial metal hit an all-time high of $10,070 per tonne on the London Metal Exchange on Monday, while aluminium, another metal with wide industrial applications, also touched a record high. Zinc, […]

January 24, 2022

Manufacturing data continues its strong run whereas services had dipped below the 50 mark in December, indicating a more pessimistic outlook for the services sector. Today’s surprise in the data places the services sector above the 50 mark once again. […]

January 24, 2022

Ford will temporarily pause orders for its Maverick pickup truck as it works to meet huge demand for the new, $20,000 model. Customers will be able to reserve a 2022 Maverick until Thursday evening, a Ford spokesperson told Insider. After […]

January 19, 2022

Tesla stock is ripe for a big decline in the event of a market slump as several legacy automakers catch up in the electric-vehicle space, according to hedge fund manager David Neuhauser. In an interview with CNBC, the chief investment […]

January 10, 2022

The U.S.-listed Chinese electric vehicle trio of Nio, Inc. (NYSE:NIO), XPeng, Inc. (NYSE:XPEV) and Li Auto, Inc. (NASDAQ:LI) had a mixed outing in 2021 amid global component shortage headwinds. EV Analyst: BofA Securities analyst Ming Hsun Lee has Buy ratings […]

January 10, 2022

Torsten Müller-Ötvös was speaking after the BMW-owned but Goodwood-based luxury marque revealed a record set of annual sales figures for 2021 – the best in its 117-year history. RRMC said it delivered 5,586 vehicles to clients around the world, up […]