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...Additional reporting by Michael Acton in San Francisco and David Keohane in Tokyo...
...Apple suppliers including Foxconn, Quanta and Luxshare have expanded production in Vietnam over the past year....
...They further claimed that on the same call Cook overstated the success of new iPhone models, only to start cutting production days later....
...years tying the company’s fortunes to China and built a supply chain that is heavily dependent on factories in Shenzhen and Zhengzhou — although the company is now trying to diversify manufacturing and production...
...Arthur makes a distinction between classic production industries, for steel and the like, and knowledge-based industries....
...A spokesperson added it was unclear when production would restart....
...But faced with the complexity of the design, Apple cut production forecasts from 1mn to 400,000 in 2024....
...Cook stunned a senior BMW executive by saying that the iPhone-maker could, in fact, turn its hand to replicating the carmaker’s engineering and production capacity. He was wrong....
...While Tesla had planned to start deliveries in 2021, engineering and production challenges linked to its unconventional design delayed the process....
...“We all as an industry want to be seen to be investing more in quality control and what is coming off the line,” said Ryanair chief executive Michael O’Leary on Tuesday....
...But executives think AI could improve supply chains and production....
...The plane maker had been aiming to increase output of the Max to meet delivery and financial targets, but Michael Whitaker, head of the FAA, said on Wednesday the regulator would not approve such an expansion...
...“For much of the past four years, the entertainment industry spent money like drunken sailors to fight the first salvos of the streaming wars,” Michael Nathanson, an analyst MoffettNathanson, wrote in November...
...United’s chief financial officer, Michael Leskinen, told analysts on its earnings call that it was “unrealistic” to expect the full complement of 31 Max 9 deliveries from Boeing this year....
...Since August, eight European solar companies have either filed for bankruptcy, paused production, warned of factory closures or restructured debts....
...Bob Sternfels of McKinsey and Rich Lesser of BCG had been summoned to appear before Congress, along with the chief executive of smaller consultancy Teneo and the dealmaker Michael Klein, after the four firms...
...Additional reporting by Michael Acton...
...The other is the Permian Basin — the vast oilfield that stretches across west Texas and New Mexico — where production increases have slowed amid constraints on fracking imposed by local authorities....
...Cleveland, an iron ore specialist that had bought its way into steel production, had initially made a cash and stock offer....
...Michael O’Leary, chief executive of low-cost carrier Ryanair, spoke last month about possibly buying more planes from Boeing....
...Despite having no ambassadorial experience to speak of, Kate is offhandedly chosen by the US president (Michael McKean) to head up the London embassy thanks to her Middle East expertise and the simple fact...
...And we should mention that Nikkei Inc, which calculates and publishes the index, owns the Financial Times. Japan’s market bubble burst in the 1980s and has had a slow time recovering....
...At that point many US communities were more economically diverse, focusing on both production and consumption, with less concentration of power within specific industries....
...Michael Shu, European boss of China’s BYD, told the FT: “The last option is always to drop the price, because that will hurt the brand, the residual values”, noting that customers who pay full price are...
...Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley....
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