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Category: Manufacturing


Enterprise, Industries, Manufacturing

Daimler CEO expects ‘intense competition’ if Apple and Alibaba enter electric vehicle market

April 15, 2021

Via: CNBC

The chief executive of Germany’s Daimler believes the automaker will face stiff opposition from tech giants like Google, Apple and Alibaba if they decide to launch their own electric vehicles. While the tech giants are yet to start selling their […]


Industries, Manufacturing

The auto industry ‘has to move’ on electrification as consumers become more conscious, Nissan CEO says

April 14, 2021

Via: CNBC

Sustainability has made its way onto the dashboard of many company executives, and the money is set to follow — particularly in the electric vehicle space, if investment trends and research and development commitments are anything to go by. “ESG […]


Industries, Manufacturing

Biden meets today with executives on chip shortage as U.S. auto industry feels the pain

April 12, 2021

Via: CNBC

Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his 47 years working for General Motors. But Brown, president of a United Auto Workers local chapter in Kansas, describes the ongoing semiconductor chip […]


Industries, Manufacturing, Retail & Wholesale

Walmart says it will support U.S. manufacturers with $350 billion of added business

March 3, 2021

Via: CNBC

Walmart said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown or assembled in the U.S. Nearly two-thirds of Walmart’s current assortment is made, assembled […]


Industries, Manufacturing

U.S. industrial production climbs 0.9% in January

February 17, 2021

Via: ABC News

WASHINGTON — American industry expanded for the fourth consecutive month in January but has yet to recover fully to the level of activity that preceded the pandemic. U.S. industrial production, which includes output factories, mines and utilities, rose 0.9% last […]


Industries, Manufacturing

Ford joins motor industry race to all-electric future

February 17, 2021

Via: Sky News

The motor giant also said its commercial models would be 100% zero-emissions capable, all-electric or plug-in hybrid by 2024. The move comes after Ford reported a return to profit in Europe in the fourth quarter of 2020. The firm said […]


Industries, Manufacturing

How Covid led to a $60 billion global chip shortage for the auto industry

February 11, 2021

Via: CNBC

Automakers across the globe are expected to lose billions of dollars in earnings this year due to a shortage of semiconductor chips, a situation that’s expected to worsen as companies battle for supplies of the critical parts. Consulting firm AlixPartners […]


Enterprise, Industries, Manufacturing

Ford CEO promises ‘year of action’ as he accelerates company restructuring and transition to EVs

February 4, 2021

Via: CNBC

DETROIT – Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, […]


Enterprise, Industries, Manufacturing

General Electric shares pop on better-than-expected industrial cash flow, rosy outlook

January 26, 2021

Via: CNBC

Shares of General Electric rose by almost 5% in morning trading Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for this year. The stock briefly jumped by more than 10% […]


Industries, Manufacturing

US factories grew in December at fastest pace since mid-2018

January 5, 2021

Via: ABC News

American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. The Institute for Supply Management reported Tuesday that its gauge of manufacturing activity […]