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Sunday, August 25, 2019

Tag: production

Philips rejigs plants in China to counter fallout from trade war

The CEO is betting the trade workaround, investment in innovation and an efficiency drive will see the company through any economic slowdown.

Oil trades near US$60 despite storm disruption, glut concerns

Oil has been buoyed by shrinking US crude stockpiles and rising tensions in the Middle East,

Last Volkswagen Beetle drives into the sunset

The final units of the retro, rounded compact will be sold on Amazon.com in a move symbolising Volkswagen's embrace of the future.

Musk: There’s enough orders to set delivery record

The company has forecast it will deliver 90,000 to 100,000 cars in the second quarter after handing over just 63,000 in the first three months of the year.

Apple sheds US$75 bil of market value as trade tumult bites

Apple's iPhone is now vulnerable over the US-China trade war resulting in a double tariff impose of 25% on China's goods and services.

Mass production of iPhones to start in India, a shift from...

India to become the next hub for Apple's iPhone mass production.

Southeast Asia not destination of US firms planning to quit China

Analysts say manufacturers prefer to be closer to their supply chains.

Boeing cuts 737 production rate by 10 planes per month

Boeing plans to cut-down on production per month, from 52 to 42 planes in the light of two Boeing 737 MAX crashes, lately.

Brent oil briefly hits US$65 as production cuts fuel 2019 high

Brent is near a three-month high and set for a more than 1% gain on the week.

GoPro CEO still sees growth in China, despite economic slowdown

Chief Executive Officer Nick Woodman considers Malaysia for GoPro production but says Mexico has terrific infrastructure.

Exxon Mobil profit tops estimates as production rebounds

Pretax earnings in its refining business were US$2.7 billion, up US$1.70 billion over the same period the year prior.

Oil eases on oversupply concerns ahead of holiday

Rising oil supplies and a slowing global economy have put crude oil under pressure.

UAE: Oil producers to have extra meeting if output cuts “not...

The United Arab Emirates energy minister says extending the output agreement signed in early December will not be a problem and producers will do as the market demands.

Angola and Total launch new US$16 billion offshore oil platform

The infrastructure will produce 230,00 barrels a day once fully operational, equivalent to 15% of the country's current production.

Massive Airbus delivery challenge gets tougher with Rolls delays

Rolls was aiming to provide 30 of its Trent 7000 engines to Airbus by the end of this month.

Tesla says DOJ sought documents on Model 3 production guidance

Tesla defended its statements about the Model 3 that said a criminal investigation of the company had intensified.

Prost, ganbei, cheers: Climate change means less beer

Heatwaves and droughts will periodically cause sharp declines in barley yields, a crucial ingredient in most beers.

Asian firms shuffle production around the region as China tariffs hit

Quick reactions to the US tariffs are possible because many large manufacturers have facilities in multiple countries and can move at least small amounts of production without building new factories.

Opec and allies struggle to pump more oil as Iran supply...

The development further raises pressure on the Opec to boost supply amid calls from US President Donald Trump to lower oil prices.

Musk ditches two car paint options to simplify Tesla production

The announcement follows a chaotic week for Tesla in which Musk lost his chief accounting officer after less than a month on the job, then smoked marijuana during a late-night podcast hosted by a California comedian.

Trump tells Apple to make products in US to avoid China...

The technology sector is among the biggest potential losers as tariffs would make imported computer parts more expensive.

Musk drama obscures hints of progress on Tesla’s crucial Model 3

Signs of progress on this front may have softened the blow of the chief executive officer electing to stay public after all.

Vaughn Beals, Harley-Davidson’s turnaround chief, dies at 90

He died Aug 19, according to a death notice posted on the website of Haven of Rest Funeral Home in Gig Harbor, Washington.

Tesla shares sink after analysts warn on Model 3 margins, Musk...

Efforts were underway to find a No. 2 executive to help take some of the pressure off Musk, after his tweet drew attention from US regulators and angered the company's board.