In a statement Standard Chartered said, it had arranged $1.1 billion in financing to the Angolan government for a water supply project that will serve its capital city Luanda. The funding is made up of two loans – a $910 million… Read More ›
facilities
Tesla Inc sets up EV manufacturing plant in India
According to a government document, Tesla Inc will be setting up an electric-car manufacturing unit in the southern state of Karnataka. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” said a state government official… Read More ›
Rolls Royce ditches 2020 free cash flow targets due to Wuhan Coronavirus
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
JLR to suspend production at UK facilities from next week
Late on Thursday, as a measure to stop the spread of the Wuhan coronavirus, Jaguar Land Rover said it will temporarily halt production at its UK manufacturing facilities from next week. Production is likely to resume in the week of… Read More ›
Harley Davidson faces proxy fight with hedge fund Impala Asset Management
With Impala Asset Management saying it will try and place two directors at Harley-Davidson Inc, America’s oldest and best-known motorcycle maker is facing a battle with one of its investors. Impala Asset Management, run by Robert Bishop, which owns 1.9… Read More ›
Beyond Meat manufacturing facilities stretched due to heightened demand
With a phenomenal surge in demand for Beyond Meat’s products, the company has had to revise its full year profit earnings. Although Beyond Meat Inc’s shares have slipped just three months after its IPO, demand for its plant-based burgers and… Read More ›
Ford relocating its production facilities to sites outside Britain
Manufacturing companies appear to be done with contingency plans. They are now doubling down on their alternative plan and moving their production out of Britain due to lack of clarity from Brexit. As per a report from The Times, Ford… Read More ›
BMW will continue producing cars despite Brexit concerns
Earlier comments published by the Financial Times suggested that BMW would move out of Britain due to Brexit-related supply chain disruptions.This report clarifies on that. On Tuesday, BMW’s special representative in Britain stated the automaker is not considering moving its… Read More ›
manageria.biz 