Category: factory
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Ofra Strauss: New factory in north is our response
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“I hope that at the end of the year we will open the new factory that we have built over the past three years in Ahihud. After three years of construction, we have invested hundreds of millions of shekels in technologies and people, annually.” After building under the shadow of…
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Stellantis chief quits following fallout over Luton van factory closure
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Carlos Tavares, CEO of automobile giant Stellantis, has resigned from his position with immediate effect following reports of disagreements with group chairman John Elkann. The announcement comes just days after Tavares ordered the closure of Stellantis’ Vauxhall van factory in Luton, putting 1,000 jobs at risk. The decision to close…
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Vauxhall workers face 140-mile relocation or job loss as Stellantis shuts factory
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Car maker giant Stellantis has announced plans to close its 120-year-old factory that makes many Vauxhall cars, leaving more than 1,000 employees with the daunting dilemma of moving 140 miles north or losing their jobs. The $205 billion carmaker said it plans to cease operations at its Luton truck manufacturing…
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South Yorkshire selected for £1.5bn mini-nuclear reactor factory, creating 3,000 jobs
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South Yorkshire is set to host the UK’s first dedicated small nuclear reactor (SMR) factory, a major boost to the region’s economy and the UK’s nuclear industry. Holtec, a privately owned nuclear company based in Florida, has chosen South Yorkshire as its preferred location for the £1.5bn facility after considering…
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Your Ultimate Guide To Solana’s Coin Factory App
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The cryptocurrency landscape has witnessed the emergence of a revolutionary coin factory app that’s causing a stir in the Solana ecosystem. Pump.fun, a platform for free token creation, has captured the attention of crypto enthusiasts and meme coin aficionados alike. This innovative crypto app allows users to effortlessly generate and…
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Bank of England faces pressure to cut rates as job vacancies and factory output decline
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The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job vacancies fell by 3.2% in August, with nearly 720,000 new advertisements, reflecting a slowing labour…
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Boeing US factory workers on strike after 96% vote for walkout By Reuters
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By Joe Brock and David Shepherdson SEATTLE (Reuters) – Workers at a Boeing Co. plant on the U.S. West Coast went on strike early on Friday after 96 percent of them voted to walk out, halting production of the company’s best-selling jetliner as it grapples with chronic production delays and…
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Asia Eyes Cautious Open After China Factory Data: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks are set for a cautious start to a historically volatile month for markets as evidence grows that China’s efforts to prop up its ailing economy have yet to pay off. Article author: Bloomberg News Matthew Burgess Published on September 1, 2024 • Read…
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China EV maker Xpeng considers Europe factory in areas with ‘low labor risks’
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Xpeng Inc. is looking for a manufacturing site in Europe, making it the latest Chinese electric vehicle maker to seek to mitigate the impact of import tariffs by building its vehicles in the region. Volkswagen AG’s Chinese partner is in the early stages of selecting a site in the European…
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BAT sells factory parts on nicotine pouch licence flop
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Bat Kenya is selling the machines installed at its Nairobi nicotine pouch factory, which has been idle for about five years as the government has refused to grant a marketing license for the new product. The cigarette maker announced the decision on Thursday in a commentary accompanying its financial results…
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China’s BYD opens EV factory in Thailand, first in Southeast Asia By Reuters
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Written by Chaiyut Sittbonsarng RAYONG, Thailand (Reuters) – China’s BYD opened an electric vehicle factory in Thailand on Thursday, the company’s first in Southeast Asia, a fast-growing regional market for electric vehicles where it has become the dominant player. “Thailand has a clear vision for electric vehicles and is entering…
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China’s June factory activity contracts again, services slows By Reuters
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By Joe Cash and Ellen Chang BEIJING (Reuters) – China’s manufacturing sector activity fell for the second straight month in June while services activity fell to a five-month low, an official survey showed on Sunday, keeping calls for more stimulus alive as the economy struggles to return to normal. Its…
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Wolfspeed’s new factory reaches milestone, Durham plant incident affects outlook
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TomekD76/iStock via Getty Images wolf speed(New York Stock Exchange: Wolf) A new silicon carbide manufacturer in Mohawk Valley, New York, has reached 20% chip start-up, a critical milestone, but an incident at its Durham, North Carolina, facility prompted the semiconductor company to update its guidelines. Involved decreased 1% during Pre-market…
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Dell, Nvidia and SMC collaborate to power Musk’s Grok AI factory By Investing.com
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Investing.com – Dell Technologies Inc (NYSE:), led by CEO Michael Dell, announced a partnership with NVIDIA Corporation (NASDAQ:) to build an AI factory designed to enhance the capabilities of Grok, an AI model developed by Elon Musk. ,xAI. We’re building the Dell AI Factory using… @nvidia To power @understands extensively…
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Commodity Roundup: Oil ticks lower as China’s factory output disappoints, gold down
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Energy markets fell on Monday at the start of a holiday-shortened week, following the biggest weekly gain for crude oil in nearly two months, as traders assessed the demand situation and factory production data in China, while the escalating crisis in the Red Sea was on the verge of collapse.…
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Biden’s Solar Factory Boom Slows as Cheap Imports Flood Market
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Breadcrumb links BMN Business The inflation cap law helped spur solar manufacturing in the United States, but after less than two years, there are signs that the boom is fading. Article writer: Bloomberg News Jennifer Dlouhy Posted on May 12, 2024 • 4 minutes read You can save this article…