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Wednesday, September 18, 2019

Tag: manufacturing

Crisis-hit Nissan CEO resigns

The Nissan board is hoping to find a successor to Hiroto Saikawa by the end of October.

UK carmakers urge Brexit delay rather than no-deal exit

The automotive manufacturing players in the UK are ready to be patient and wait for a Brexit deal to be done.

Oil prices nudge higher, but economic worries loom

Oil prices have recovered some ground boosted by positive news from China’s services sector.

Trump slams GM for shrinking its US presence

GM trails Ford by about 9,000 union-represented employees and Fiat Chrysler Automobiles NV by roughly 1,200.

Trade war pushes biggest labels out of China factories

The exodus of international brands is forcing factories to offer discounts of 10% to local Chinese companies.

Apple’s US$44 bil drop shows growing cost of reliance on China

The trade war between China and the US has had a major impact on Apple.  

Tesla agrees to buy batteries from LG for China factory

Batteries made by LG Chem will be used initially in Model 3 cars manufactured at Tesla’s plant near Shanghai.

Lamborghini pulls into sight of Ferrari at US$11 bil value

Soaring sales of the Urus SUV, introduced in mid-2018, is helping Lamborghini draw level with Ferrari.

Trump lashes out against carmakers’ frigid response to his mileage plan

The US president dismisses the automakers who rejected his plan as politically correct.

Russia to leapfrog Saudi Arabia in wealth league as oil power...

For the first time in eight years, the Bank of Russia’s total stockpile of cash, gold and other securities is about to surpass Saudi Arabia’s.

Trump ‘not thrilled’ with strong US dollar, says it hurts manufacturing

The latest outburst comes amid the escalating trade war with China while appearing to edge closer towards a currency war.

AMD says new server chip faster than pricier Intel offering

AMD’s Epyc chip will have as many as 64 processing cores and is cheaper than anything else on the market.

China Dongfeng Motor said to weigh options for Peugeot stake

Dongfeng Motor held talks in recent weeks with potential advisers about ways to monetize part or all of its 12.2% stake in the French carmaker.

Car market slowdown ‘threatens jobs at Bosch’

Customers in Germany and abroad have turned away from the fuel since Volkswagen's 2015 admission to cheating regulatory emissions tests on 11 million vehicles worldwide.

Mida gives 187 firms tax incentives to move into automation

Mida hopes more manufacturers will take advantage of the automation capital allowance aimed at encouraging automation, especially in labour-intensive factories.

Asian factories are stuck in the doldrums as trade war hits...

Purchasing manager indexes for Japan, South Korea, Malaysia and Taiwan remain below 50, signalling deeper contractions in factory output.

Tesla to pay China US$323 mil a year in tax for...

The US company must also spend US$2 billion in capital expenditure on the plant over the next five years.

UK car sector accelerates towards electric future

Foreign held British car brands have all announced plans for purely electric models.

Supermax buys assets worth RM65 mil for expansion plans

The land is located close to Maxter’s existing cluster of manufacturing plants, facilitating management control and operational synergies.

Euro-zone factory jobs might be only thing stopping a recession

Manufacturing in the 19-nation currency bloc has been on a downward trajectory since the start of last year.

Moon warns S.Korean businesses to prepare for a prolonged fight with...

South Korean President Moon warns top business leaders of an extended battle with Japan over its export controls on vital manufacturing materials.

Trade war threatens Chinese factories’ existence, supplier says

Li & Fung's CEO says China’s factories are getting 'urgent and desperate' as worried US retailers accelerate a move out of the country amid heightened trade tensions.

Chinese exporters shift production to low-cost nations

Trade war pushing more Chinese manufacturers of low-tech and low-value goods to relocate.

Trump’s Huawei ban offers opportunities for Malaysia?

Economists say there are ways for China to get around the US ban, and that Malaysia should grab the opportunity.