Category: Manufacturing

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 […]

Industries, Manufacturing

Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

February 11, 2019


Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally from here as electric vehicle penetration improves and the company gets closer to building a car that is […]

Industries, Manufacturing

Tesla Cuts Model 3 Pricing Yet Again in Quest for Magic $35,000 Figure

February 6, 2019

Via: Fortune

Tesla has cut the price of its Model 3 sedan again, bringing the cost of the cheapest variant down to $42,900 before account incentives and potential gas savings are taken into account. With those included, Tesla says, the price is […]

Industries, Manufacturing

GE stock could fall more than 30% as recent rally based on ‘nothing,’ analyst says

January 25, 2019

Via: Market Watch

Shares of General Electric Co. have outperformed their industrial peers and the broader stock market by a wide margin this year, but J.P. Morgan analyst Stephen Tusa cautioned investors into reading too much into the bounce, which he said was […]