Category: Manufacturing

June 3, 2022

The National Highway Traffic Safety Administration (NHTSA) said they are investigating the issue, which has been reported by 750 people, as the company’s founder Elon Musk said he has a “super bad feeling” about the economy and needs to cut […]

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 […]

January 3, 2022

Tesla stock soared as much as 7% on Monday after the electric vehicle manufacturer reported fourth-quarter deliveries that sailed past analyst expectations. The company delivered 308,600 vehicles and produced 305,840 vehicles. Wall Street analysts had been expecting Tesla to deliver […]

December 29, 2021

Tesla CEO Elon Musk has exercised the last of his stock options under a prearranged trading plan. On Tuesday, Musk exercised an option to buy about 1.6 million Tesla shares, according to a regulatory filing. According to that filing and […]

December 23, 2021

The war for talent between transportation technology companies is heating up, as the incumbents and upstarts poach employees from each other. Filings submitted to the US government by high-profile electric-vehicle, autonomous-vehicle, and ride-hailing companies like Tesla, Waymo, and Uber provide […]

November 12, 2021

These 4 analysts have an average price target of $5.0 versus the current price of Lordstown Motors at $5.86, implying downside. Below is a summary of how these 4 analysts rated Lordstown Motors over the past 3 months. The greater […]

November 11, 2021

President Joe Biden and Democrats in Congress are looking to give U.S. automakers with union employees the inside track on the burgeoning electric vehicle market, triggering vocal opposition from foreign trade partners and Republicans who worry that manufacturers in their […]

November 10, 2021

Shares in Rivian Automotive are set to trade publicly Wednesday, and the world should get a better idea of just how hot investors are for the electric vehicle market. Rivian, the EV startup backed by Amazon and Ford, raised at […]

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 […]