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...It made a net loss of $2.8bn in 2023, something Rawlinson attributed partly to the accounting treatment of its plant....
...One silver lining was a 4.2 per cent jump in orders for German carmakers....
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...The company slashed overhead costs by almost a third last year from a peak of $2.5bn in 2022. The employee count dropped to 14,000....
...It has attributed its discomfort to stronger language in the investor group’s new “phase 2” mission, which focuses on pushing companies to implement transition plans rather than simply disclosing them....
...There were few signs of a rebound in foreign demand for German goods after exports declined 2 per cent from the previous month and 4.4 per cent from a year earlier....
...Most of the sub-components of the PMI improved except factory gate prices, “which suggest consumer demand may still be relatively weak”, she said....
...Construction output fell 2.9 per cent from the previous month, while there was a 3.9 per cent rise in energy production....
...The falls in Asian trading came after official readings on Sunday revealed Chinese factory activity contracted in December for a third straight month....
...The future of two factories set to build trains for the High Speed 2 line from London to Birmingham is in doubt because a lack of other orders may force their closure before the work is due to begin, Hitachi...
...Li, of U-Power, is among Chinese EV executives who want their companies to be seen as “global”....
...Input prices for factories continued to fall, suggesting the turmoil caused by attacks on vessels by Yemen’s Houthi rebels is not causing big problems for European businesses....
...The BoK upgraded its inflation forecast for 2024 to 2.6 per cent from 2.4 per cent and cut its growth projections to 2.1 per cent from 2.2 per cent....
...and the Meaning of Risk (AllianceBernstein) — Partying With The U.S....
...China’s economy showed further signs of sluggish momentum as factory activity slowed, increasing pressure on President Xi Jinping take stronger action to boost growth days before Beijing opens its annual...
...Japan’s Topix rose 2.2 per cent and South Korea’s Kospi added 0.9 per cent. Hong Kong’s Hang Seng index fell 0.2 per cent and China’s CSI 300 gained 0.2 per cent....
...French train maker Alstom has put the UK government on notice that it is planning to mothball its historic factory in Derby that employs 1,300 people after delays in orders for the High Speed 2 line....
...It was rebooted in 2020 into a more ambitious and comprehensive reporting framework dubbed OGMP 2.0. Most big western oil groups are members of the partnership....
...Factory orders: Manufacturing activity is expected to have declined in January, with factory orders falling 2.9 per cent compared with a 0.2 per cent gain in December....
...A UK spokesperson for the company said: “Elbit Systems UK, its subsidiaries and joint ventures, including UAV Engines Limited and U-Tacs, are not involved in the Hermes 450 programme.”...
...The documents prepared by councils on child support are called Education, Health and Care Plans, not Emotional, Health and Care Plans as wrongly stated in an article on December 2....
...Average monthly rent for a 2,500 sq ft space in a factory building there is HK$35,000 (US$4,500), according to local property listings, while for a similar size space in H Queens, where a few mega-galleries...
...The development has helped drive the unemployment rate down to a record low of 2.7 per cent....
...Profits at China’s industrial companies rose 2.7 per cent in October from a year earlier, official data released this week showed, slowing from 11.9 per cent in September and 17.2 per cent in August....
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