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...“This is what the US government wanted to see from the beginning and is the result of its recent industrial policy of giving subsidies for localised production.”...
...Also, we pity the child who asks for a handful of electrolysers to give the impression of progress on hydrogen-production facilities when none has been made....
...Among big US carriers, it appears to be the least affected by Boeing’s production and delivery issues. The Atlanta-based airline does not operate any Boeing 737 Max jets....
...In May, truckmaker Iveco bought Nikola out of the companies’ joint venture for $35mn. Nikola plans to start commercial production in July of a truck powered by hydrogen fuel cells....
...Cook also visited Vietnam and Indonesia over the past week for talks on possible expansion of production....
...“What most countries are struggling with is: how do you get production, and industrial production, to [go] green....
...Chief executive Elon Musk said in January that Tesla was preparing to start production of a new lower-cost car next year, priced at $25,000 and dubbed Model 2....
...It said the deal could boost its production to 150,000 barrels of oil equivalent per day by the early 2030s — more than double its output in 2023....
...The highs of late 2021, when Tesla was a trillion-dollar stock rushing to scale up production, feel far away. Free cash flow has turned negative for the first time in four years....
...The lay-offs and lower-than-expected production projection come as EV sales are growing at a slower rate in the US....
...But make no mistake, it will not stop the trend of companies trying to reduce their reliance on UK production....
...“Much depends on how [Musk] frames timing of the $25K” car, he said, adding that he still expected production to start in 2026 “despite robotaxi prioritisation”....
...Their Asian rivals, meanwhile, opt for expansion through mergers and provide a wide range of equipment for battery production....
...Cleveland, an iron ore specialist that had bought its way into steel production, had initially made a cash and stock offer....
...“He’s using the same production line for a human-driven vehicle and a robotaxi, with the ability to pivot between the two depending upon the market demand at the time.”...
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...The collapse in its share price, along with the sharp rise in borrowing costs, has stymied lossmaking Nikola’s ability to raise the cash it needs to fund vehicle development and production....
...A spokesperson added it was unclear when production would restart....
What can BrickLink, the eBay of plastic bricks, tell us about Lego's future corporate challenges?
...Tesla recently had to suspend production for about two weeks because the disruption to container traffic caused by Houthi missile attacks on shipping in the Red Sea deprived it of crucial parts....
...But a gap between production and delivery numbers suggests issues with demand. Musk’s polarising personality may put some customers off....
...Ithaca, whose majority owner is Israel’s Delek Group, said the transaction would create the second-biggest independent operator in the UK continental shelf, boosting its production above 100,000 barrels...
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...So everyone piled in and production shot up, but near-term demand hasn’t materialised....
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