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Category: Manufacturing


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

Via: USA TODAY

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

Via: CNBC

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 […]


Industries, Manufacturing

Tesla is laying off 7% of its employees (TSLA)

January 18, 2019

Via: Business Insider

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website. The job cuts will impact more than 3,000 members of staff after Musk said last year […]


Industries, Manufacturing

GM shares rise after BMO upgrade on self-driving technology

January 7, 2019

Via: CNBC

Investors should buy General Motors because its automated car division and restructuring moves will lift the automaker’s stock in 2019, BMO Capital Markets said Monday. Analyst Richard Carlson upgraded GM to outperform from market perform. Carlson also hiked his price […]


Industries, Manufacturing

GM Wants Congress to Extend an Electric Vehicle Tax Credit That Trump Dislikes

December 10, 2018

Via: Fortune

When General Motors announced plant closings and a 15% workforce cut, the plan was to plow savings into electric and autonomous vehicle development, which is seen as the industry’s future. But selling electric vehicles (EVs) will get tough without a […]


Industries, Manufacturing

Volvo’s $30 billion IPO is officially off, and Trump’s trade war is to blame

November 29, 2018

Via: Business Insider

Volvo, the Swedish automaker, has confirmed plans to shelve an IPO potentially worth $30 billion, having previously blamed President Donald Trump’s trade war for postponing the share sale. “There are no plans or time schedule for entering into the equity […]