According to two sources familiar with the matter at hand, Tesla Inc has stopped production at its Shanghai plant from Monday due to issues with securing parts for its electric vehicles. Shanghai is witnessing its sixth week of an intensifying COVID-19… Read More ›
On Friday, Canon Inc said, it was weighing options to close down its factory in Zhuhai, southern China, which mainly makes compact digital cameras midst a shrinking market for such devices. Canon’s spokesperson declined to provide details of employee strength at… Read More ›
In a statement Volkswagen said, it will unveil a production version of its long-awaited ID.Buzz on March 9. The ID.Buzz is an electric reincarnation of its beloved Microbus which VW plans to launch in the US in late 2023. The EV… Read More ›
In a statement, Ford Motor Co said, it will suspend production at its Hermosillo plant in northern Mexico from November 1 to November 5 because of material shortages.
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
In a significant development, Universal Electronics Inc, a U.S. remote-control maker said, it has struck a deal with Chinese authorities in Xinjiang to transport hundreds of Uyghur workers to its factory in Qinzhou, in the first confirmed case of a… Read More ›
Indian Manufacturing Purchasing Managers’ Index touches 15 month high in July, despite COVID-19 second wave
In July, factory activity in India surged on the back of heightened domestic demands and export order. The development sees an increase in job creation for the first time since the onset of the Coronavirus-induced COVID-19 pandemic. According to a… Read More ›