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...the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tensions rise, and China’s first-quarter GDP shows the effects of President Xi Jinping’s bet on manufacturing...
...But the gap between the stronger services sector and the struggling manufacturing industry is widening....
...It was essential for carmakers to pool spending “in a ‘band of brothers’ manner” to cut the costs of vehicles, said Matthias Schmidt, an independent auto analyst....
...Cook pioneered Apple’s shift of its supply chain from the US to China, establishing manufacturing of its iPhones, AirPods, Macs and iPads in the country....
...He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...China dominates manufacturing, making more than half of all electric or plug-in hybrid cars, compared with just 10 per cent of traditional engine-driven vehicles....
...Amid rising geopolitical tensions, Cook has become a frequent visitor to China, a key market and huge manufacturing base for Apple products....
...“It could snowball into different countries and be replicated elsewhere,” warned Schmidt. “The biggest risk is obviously Germany....
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...The downturn in the eurozone’s struggling economy is easing, according to a closely tracked business survey, which found a stabilisation of activity at services companies offset a steep decline in manufacturing...
...Analysts are predicting they will show the lowest gross margin since early 2017, when it had just begun manufacturing its first mass-market car, the Model 3....
...Just six funds citing ESG factors launched in the second half of 2023 compared with 55 in the first half, my colleague Will Schmidt reports. — Kenza Bryan Money managers pull back support on climate and...
...In recent months, Beijing has redirected resources to the manufacturing and high-tech sectors....
...The US healthcare company said on Friday that it would pay $335 a share in cash to acquire Shockwave, which specialises in manufacturing a catheter-based treatment for patients with calcified arteries....
...Tesla has paused production and evacuated its only European car manufacturing plant after a suspected arson attack on a nearby electricity pylon caused widespread power cuts....
...Its grip on solar manufacturing is expected to remain largely unchallenged through the end of the decade....
...As integral to the region’s manufacturing history as the nearby Harland & Wolff shipyard that built the Titanic, the Shorts plant is owned by Spirit AeroSystems, a key supplier to Airbus....
...Its role has been under scrutiny over the past year amid manufacturing problems. Homendy said pilots had reported pressurisation warnings on three flights in the month before the incident....
...Taiwan Semiconductor Manufacturing Co and Foxconn are not the only Taiwanese tech companies feeling compelled to expand abroad....
...The move is a blow to Boeing, which has struggled with manufacturing defects on the 737....
...At the same time, Apple is diversifying its manufacturing away from China. Tim Cook, Apple’s chief executive, is visiting Vietnam this week as the iPhone maker plans to increase its supply chain there....
...“But since the existing chip manufacturing processes are optimised for EUVs, there will obviously be various difficulties in terms of bringing in new technology.”...
...We got a fresh reminder of this yesterday, with an above-expectations ISM survey showing US manufacturing expanding for the first time in a year and a half....
...Its role has been under scrutiny over the past year amid on-going manufacturing problems. Homendy said pilots had reported pressurisation warnings on three flights in the month before the incident....
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