Manufacturing

The world’s largest seller of tractors and crop harvesters is now expecting higher earnings for the year after reporting a profit of $1.96 billion for the quarter ended Jan. 29.

Jim Farley hopes to return Ford to its roots, by streamlining production and offering fewer options. Says more job cuts necessary after recently cutting 6,800 jobs.

Tesla workers at the electric vehicle giant's Gigafactory NY in Buffalo announced Tuesday they are launching a unionization effort, seeking higher pay and "a voice on the job."

Airbus is ramping up production of it's larger aircraft, the A350 and A330neo in an effort to stay abreast of demand as international travel picks back up.

The Ford Motor Company has announced the halt of production and delivery of its electric pickup truck, F-150 Lightning due to battery issues.

Ford will cut around 3,800 jobs in product development and administration in Europe as the U.S. automaker cuts global costs to expand more in electric vehicle market.

Koji Sato is set to become chief executive of Toyota Motor Corp. in April. As CEO he hopes to position Toyota among BYD and Tesla in electric vehicle sales.

Tesla has pioneered the use of massive casting machines to make large single pieces of vehicle underbodies, streamline production and reduce the work of even robots.

President Biden touted the growth of the manufacturing sector during his State of the Union address, which he attributed in part to the bipartisan CHIPS and Science Act.

An investor said 3M’s revenue and earnings have been disappointing since Mike Roman became CEO. Earplugs and forever chemical litigation continues to plague 3M.

Airbus will resume deliveries of 73 new aircraft ordered by Qatar Airways after settling a quality control dispute. New airplanes will be a mix of A321 and A350 aircraft.

Electric vehicle maker Rivian Automotive announced that it will lay off about 6% of its workforce amid a push to cut costs and reach profitability in a competitive EV market.

Most Tesla suppliers, which include battery makers Panasonic, LG Energy Solution, and CATL, as well as Italian casting machine maker IDRA Group, avoid discussing the carmaker publicly.

The ISM survey's forward-looking new orders sub-index plunged to 42.5 in January from 45.1 in December. It was the fifth straight month that this measure has contracted.

Elevated costs for materials and freight shipping, and constricted supplies of key components, including semiconductor chips, persisted, the company said.

Boeing to crank out 737 Max airplanes to fill backlog of orders from United, Delta, and Southwest caused by the jet being grounded for nearly two years after two deadly crashes.

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.

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 makes its offer to acquire National Instruments Corp public to shareholders after receiving the cold shoulder from management for months.

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.