Paris rushing to finish 2024 Olympics construction work
The Porte de la Chapelle Arena in construction for the Paris2024 Olympic games has been delayed by supply chain distortion caused by Russia's invasion of Ukraine.
Who's to blame? Jet delivery delays spark penalties battle
Airbus and Boeing are on average delivering new jetliners three-to-six months late, blaming post-pandemic havoc in supply chains, delegates at two major aviation conferences said.
Emerson Electric bids to buy national instruments for nearly $7 billion
Emerson Electric makes its offer to acquire National Instruments Corp public to shareholders after receiving the cold shoulder from management for months.
Several top Rivian executives depart the electric vehicle startup
Rivian has seen the departure of multiple executives as growth failed to meet 25,000 electric vehicle goal for 2022. Rivian stock is down 79% since its IPO.
To bring the old Boeing back, profit isn’t enough
Boeing does not plan to develop a new plane until the mid 2030s risking becoming complacent against rival Airbus in the race for next generation planes.
Tesla sends Shanghai boss and aides to jumpstart US output
Members of Teslas China team brought in by Elon Musk to improved production at US factory in Austin, Tex. Tom Zhu thought to be slated for larger roll.
Tesla's key managers in China
These are the members of Tesla's China team tapped to overhaul production at the Austin Gigafactory while CEO Elon Musk keeps Twitter out of bankruptcy.
The whack-a-mole economy: US manufacturers struggle with unpredictable supplies
Issues that began with the coronavirus pandemic, get worse as high inflation, the Ukraine war, and tension with China continue to disrupt the supply chain.
Micron to cut 10% of workforce, suspend bonuses in 2023
Micron Technology will lay off 10% of its workforce and undergo an aggressive restructuring plan in 2023, citing a "significant supply demand mismatch."
Treasury department delays electric vehicle tax credit changes
The Treasury Department has pushed the issuance of guidance for new electric vehicle tax credit rules from January to March as it continues to develop them.
Redwood Materials joins electric vehicle, battery trek to South Carolina
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield that will recycle, refine and remanufacture cathode and anode materials.
Supply-Chain shortfalls targeted by new bill
Rep. Ro Khanna (D. Calif.) and Sen. Marco Rubio (R. Fla.) are working to reduce supply chain by putting the Government in control of organizing the economy.
Biden admin pushes back against WTO rejection of Trump's tariffs on steel, aluminum
The WTO's rejection of former President Trump's tariffs on imports of aluminum and steel has prompted pushback from the Biden administration and the U.S. steel industry.
Airbus CEO details broad post-crisis industrial hurdles
Energy shortages weigh more heavily in Europe whereas the U.S. industry is more concerned about shortages of labor, Airbus CEO Guillaume Faury said on Thursday.
Tim Cook says Apple will buy U.S.-made chips built at TSMC's Arizona factory
Apple CEO Tim Cook confirmed Tuesday that the iPhone maker would be purchasing U.S.-made semiconductors built at Taiwanese firm TSMC's Arizona factory.
US manufacturing orders in China drop 40% amid COVID-19 lockdowns: report
U.S. manufacturing orders are reportedly down 40% in China as the country grapples with the latest round of stringent COVID-19 lockdowns.
US manufacturing sector contracts in November for first time since 2020
The U.S. manufacturing sector shrank in November for the first time since 2020 as higher interest rates sapped demand for goods, according to an ISM survey.
MIT researchers creating self-replicating robots with built-in intelligence
MIT researchers are building swarms of tiny robots with a built-in intelligence, allowing them to build structures, vehicles, or larger versions of themselves.
New orders for US durable goods increased during October despite inflation
The Census Bureau released a survey on Wednesday indicating that U.S. manufactured durable products increased in October amid a global economic slowdown.
World's largest iPhone factory needs 100K new workers ahead of holidays
Taiwanese manufacturing giant and Apple iPhone supplier Foxconn is in need of tens of thousands of new workers at their Zhenzhou facilities to return to full production capacity.