Category: Manufacturing

October 22, 2021

The European Commission must launch talks with China to restart shipments of magnesium to ease severe shortages and avoid plant shutdowns that could hit millions of jobs, European industry groups said on Friday. China supplies about 95% of the bloc’s […]

October 13, 2021

Apple is going to make 10 million fewer devices than it had initially planned, reported Bloomberg News, due to the ongoing global shortage of computer chips. The expected impact on the company’s business caused Apple’s share price to go down […]

October 5, 2021

Struggling electric truck manufacturer Lordstown Motors Corp. (NASDAQ:RIDE) recently announced its decision to sell its Ohio plant to Taiwanese contract manufacturer Hon Hai Precision Industry Co., Ltd. (OTC:HNHPF). The Lordstown Analyst: Morgan Stanley analyst Adam Jonas downgraded Lordstown shares from […]

October 5, 2021

Just 215,312 new vehicles were registered, the weakest for the month since the “two-plate” system for new cars was introduced in 1999, said the Society of Motor Manufacturers’ and Traders (SMMT). The SMMT said that supply issues caused by semiconductor […]

September 21, 2021

Toyota is dumping the big V8 engine in the latest redesign of its Tundra full-size pickup truck, a bold move in a market that likes big, powerful engines. The 381 horsepower, 5.7-liter V8 will be replaced by a base 389 […]

September 10, 2021

Producer prices in the U.S. increased by slightly more than expected in the month of August, according to a report released by the Labor Department on Friday. The Labor Department said its producer price index for final demand climbed by […]

August 26, 2021

Just 53,438 vehicles rolled off production lines in Britain, down by 37.6% on last year, according to the Society of Motor Manufacturers and Traders (SMMT). It represented the worst July performance since 1956, the SMMT said. Manufacturers were forced to […]

August 16, 2021

The automotive industry for years has had no dearth of issues to deal with but nothing has come quite close to Covid-19 and the slowdown in demand. Just as things have started to look up, the shortage of semiconductors has […]

August 9, 2021

Estonia’s industrial production increased in June, data from Statistics Estonia showed on Monday. Industrial production rose a working-day adjusted 11.0 percent year-on-year in June. Manufacturing output increased 10.0 percent annually in June. Production in energy sector grew 14.0 percent and […]

August 2, 2021

Tata Motors on Monday said it will hike the prices of its passenger vehicles by an average of 0.8 per cent from August 3, depending on the variant and model. However, the company said it will offer protection from the […]