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India's Industrial Output Grows 5% In April Due To Power, Mining Sectors
India's industrial production grew 5 per cent in April this year mainly due to good show by mining and power sectors, according to official data released on Wednesday.
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Tesla To Top $9 Billion Spending Target In 2023 As It Rolls Out New Models
Tesla said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.
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iPhone Maker Foxconn Says Output at Largest China Plant Recovering Despite Revenue Drop
Foxconn said on Thursday that output at its iPhone manufacturing plant for iPhones at Zhengzhou in China had "basically returned to normal". The iPhone assembler also revealed that the company's December revenue was down 12.3 percent year-on-year, and the announcement comes months after it was hit by disruptions at the factory over workers' wages a...
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Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
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iPhone Factory Workers Protest at Foxconn Plant Hit by COVID-19 in China
Protests broke out at Foxconn's flagship iPhone plant in China over contract disputes amid anti-virus controls. The trigger for the protests appeared to be a plan to delay bonus payments, many of the demonstrators said on livestream feeds. Foxconn said in a statement it had fulfilled its payment contracts and that reports of staff with COVID-19 liv...
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iPhone 14 Output in China Reduced by Apple Over COVID-19 Restrictions
iPhone 14 production has been temporarily reduced at the company's assembly plant in China, the company said on Sunday. The facility is operating at reduced capacity, the company said. The move will significantly impact Apple's quarterly sales and make it harder for consumers to get their hands on Apple's high-end models. The iPhone 14 Pro assembly...
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Tesla Said to Pause Production After Shaky Quarter With Historic Production Milestone
Tesla will reportedly pause production at its Berlin plant for two weeks starting July 11, as the company aims to double its production rate from August. The electric-car maker is also expected to halt production of its Model Y assembly line in the first two weeks of July, and the Model 3 line for a 20-day stretch starting on July 18, as part of up...
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Tesla's Run of Record Deliveries May Take a Hit This Year Due to COVID-Related Shutdown, Predict Analysts
Tesla's long run of record deliveries may get affected this year as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, opines the analysts. While Elon Musk has been pursuing the acquisition of social media platform Twitter, Tesla has grappled with production glitches in China and slow output growth at new factories ...
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Musk Says Tesla's New Car Factories 'Losing Billions Of Dollars'
Tesla plans to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site to boost output, according to an internal memo seen by Reuters.
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BMW Starts Production At New $2.2 Billion China Plant To Ramp Up EV Output
BMW said that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) production.
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Tesla Reportedly Plans 2-Week Suspension for Most Production At Shanghai for Upgrade
Tesla is said to be planning to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site. After the upgrade, Tesla aims the plant's output to reach a new record high by the end of July.
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Tesla's China Output Decline Trending Deeper Than Musk Forecast, Data And Internal Memos Show
Production at Tesla Inc's Shanghai factory is on track to fall by over a third this quarter from the first three months of the year
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China's Retail Sales Lowest In 2 Years Amid Worst Covid Outbreak
China's retail sales slumped to its lowest in over two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-covid policy.
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Tesla Could Run 2 Shifts At Plant In Covid Locked-Down Shanghai: Report
Tesla is aiming to run two shifts at its Shanghai plant from May 16, an internal memo seen by Reuters said, which would enable the US carmarker to bring factory output back to levels before the city's lockdown.
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Dancing Elon Musk Hands Drivers First Teslas From New German Gigafactory
Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant, marking the start of the US automaker's inaugural European hub just two years after it was first announced.
-
India's Industrial Output Grows 5% In April Due To Power, Mining Sectors
India's industrial production grew 5 per cent in April this year mainly due to good show by mining and power sectors, according to official data released on Wednesday.
-
Tesla To Top $9 Billion Spending Target In 2023 As It Rolls Out New Models
Tesla said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.
-
iPhone Maker Foxconn Says Output at Largest China Plant Recovering Despite Revenue Drop
Foxconn said on Thursday that output at its iPhone manufacturing plant for iPhones at Zhengzhou in China had "basically returned to normal". The iPhone assembler also revealed that the company's December revenue was down 12.3 percent year-on-year, and the announcement comes months after it was hit by disruptions at the factory over workers' wages a...
-
Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
-
iPhone Factory Workers Protest at Foxconn Plant Hit by COVID-19 in China
Protests broke out at Foxconn's flagship iPhone plant in China over contract disputes amid anti-virus controls. The trigger for the protests appeared to be a plan to delay bonus payments, many of the demonstrators said on livestream feeds. Foxconn said in a statement it had fulfilled its payment contracts and that reports of staff with COVID-19 liv...
-
iPhone 14 Output in China Reduced by Apple Over COVID-19 Restrictions
iPhone 14 production has been temporarily reduced at the company's assembly plant in China, the company said on Sunday. The facility is operating at reduced capacity, the company said. The move will significantly impact Apple's quarterly sales and make it harder for consumers to get their hands on Apple's high-end models. The iPhone 14 Pro assembly...
-
Tesla Said to Pause Production After Shaky Quarter With Historic Production Milestone
Tesla will reportedly pause production at its Berlin plant for two weeks starting July 11, as the company aims to double its production rate from August. The electric-car maker is also expected to halt production of its Model Y assembly line in the first two weeks of July, and the Model 3 line for a 20-day stretch starting on July 18, as part of up...
-
Tesla's Run of Record Deliveries May Take a Hit This Year Due to COVID-Related Shutdown, Predict Analysts
Tesla's long run of record deliveries may get affected this year as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, opines the analysts. While Elon Musk has been pursuing the acquisition of social media platform Twitter, Tesla has grappled with production glitches in China and slow output growth at new factories ...
-
Musk Says Tesla's New Car Factories 'Losing Billions Of Dollars'
Tesla plans to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site to boost output, according to an internal memo seen by Reuters.
-
BMW Starts Production At New $2.2 Billion China Plant To Ramp Up EV Output
BMW said that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) production.
-
Tesla Reportedly Plans 2-Week Suspension for Most Production At Shanghai for Upgrade
Tesla is said to be planning to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site. After the upgrade, Tesla aims the plant's output to reach a new record high by the end of July.
-
Tesla's China Output Decline Trending Deeper Than Musk Forecast, Data And Internal Memos Show
Production at Tesla Inc's Shanghai factory is on track to fall by over a third this quarter from the first three months of the year
-
China's Retail Sales Lowest In 2 Years Amid Worst Covid Outbreak
China's retail sales slumped to its lowest in over two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-covid policy.
-
Tesla Could Run 2 Shifts At Plant In Covid Locked-Down Shanghai: Report
Tesla is aiming to run two shifts at its Shanghai plant from May 16, an internal memo seen by Reuters said, which would enable the US carmarker to bring factory output back to levels before the city's lockdown.
-
Dancing Elon Musk Hands Drivers First Teslas From New German Gigafactory
Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant, marking the start of the US automaker's inaugural European hub just two years after it was first announced.
