Keyword: Manufacturing

  • Volvo supports US firm for wireless charging
    Volvo supports US firm for wireless charging
    18h ago

    Volvo Car Group said on Tuesday that its investment arm reached a deal with Momentum Dynamics Inc. from Philadelphia, which develops solutions for high power wireless charging. It added, failing to reveal financial details, that the tran...

  • PSA grows sales by 6.8% last year to 3.88M units
    PSA grows sales by 6.8% last year to 3.88M units
    23h ago

    Groupe PSA said on Tuesday that it boosted the share in the global market by 3.8 percentage points in 2018, to 17.1%. Peugeot SA's parent highlighted the results in the segment for sports utility vehicles (SUVs). Total sales grew 6.8...

  • German watchdog questions Siemens-Alstom tieup
    German watchdog questions Siemens-Alstom tieup
    1/13

    Germany’s competition watchdog informed the European Commission (EC) in a recent letter that it shares the latter's concerns over the proposed Siemens-Alstom merger, various media reported on Sunday.

    The country's B...

  • Labor union says Ford to terminate 1,150 UK jobs
    Labor union says Ford to terminate 1,150 UK jobs
    1/11

    Shop stewards in Ford Motor Co.'s factories in Britain were told by management that almost one thousand positions would be slashed at the Bridgend facility in South Wales, Unite announced on Friday and vowed to fight for workers. The...

  • GM spikes in premarket after improving guidance
    GM spikes in premarket after improving guidance
    1/11

    General Motors Co. projected a rise in earnings for this year on Friday to between $6.5 and $7 per share and expressed expectations the adjusted automotive free cash flow would land at $4.5 to $6 billion. It added it would keep the focus...

  • Ford cutting headcount, wants alliance with VW
    Ford cutting headcount, wants alliance with VW
    1/10

    Ford Motor Co. unveiled on Thursday the strategy to lower structural costs and improve profitability, which may impact thousands of workers in Europe. The Dearborn, Michigan–based company vowed to enable voluntary departures to wor...

  • Volkswagen brand's sales reach record last year
    Volkswagen brand's sales reach record last year
    1/10

    The core division of Volkswagen AG reached the annual target and slightly topped the previous record in car sales. The German automotive powerhouse reported on Thursday that the tally weakened by a stunning 9% year on year in December to...

  • ISM: US manufacturing activity slows in December
    ISM: US manufacturing activity slows in December
    1/3

    Manufacturing activity in the United States slowed in December, the Institute for Supply Management (ISM) said in its business report on Thursday. The Purchasing Managers Index (PMI) at 54.1%, compared to November's 59.3%, marking th...

  • UK factories boost activity to half-year high
    UK factories boost activity to half-year high
    1/2

    IHS Markit and the Chartered Institute of Procurement and Supply posted readings for the manufacturing sector of the United Kingdom which surprised to the upside, against lukewarm figures from the Eurozone and even a small contraction in...

  • German PMI lowest in 33 months in December
    German PMI lowest in 33 months in December
    1/2

    Germany's manufacturing sector experienced the slowest growth in 33 months in December last year, according to the data released by IHS Markit and BME on Wednesday. The Purchasing Managers' Index (PMI) figure for the last month o...

  • China manufacturing PMI at 49.7 in December
    China manufacturing PMI at 49.7 in December
    1/2

    Manufacturing activity in China decreased in December with the seasonally adjusted Purchasing Managers’ Index standing at 49.7, meaning the sector is currently contracting, according to a report by Caixin and IHS Markit published o...

  • Altria invests $12.8B in Juul to control 35%
    Altria invests $12.8B in Juul to control 35%
    12/20/2018

    Altria Group Inc. reached "service agreements" with Juul Labs Inc. which will boost the valuation of the manufacturer of electronic cigarettes to $38 billion, according to an announcement published on Thursday. The companies sa...

  • FCA: Tax shift may alter spending plan for Italy
    FCA: Tax shift may alter spending plan for Italy
    12/13/2018

    Italy's budget row brings risks to Fiat Chrysler Automobiles NV's investments, according to an update from the car manufacturer, which earmarked more than €5 billion for the period through 2021. The automotive giant said it ...

  • Rolls-Royce to build inventories due to Brexit
    Rolls-Royce to build inventories due to Brexit
    12/12/2018

    Rolls-Royce Holdings Plc jumped on Wednesday as it announced it expects financial results to end in the upper half of guidance. The update for full-year figures concerns targets it set with wiggle room of £100 million on either sid...

  • Siemens, Alstom offer merger remedies to EU
    Siemens, Alstom offer merger remedies to EU
    12/12/2018

    Siemens AG's and Alstom SA said on Wednesday they are submitting a package of measures to alleviate antitrust concerns about their giant rail and signaling merger. The European Commission officially warned on October 29 that the new ...

  • Japan unveils plan to turn ship into aircraft carrier
    Japan unveils plan to turn ship into aircraft carrier
    12/11/2018

    The National Defense Program Guidelines, sent to the government in Tokyo for a decision scheduled for next week, showed the intention to adapt one of the four helicopter carriers into a first vessel equipped for airplanes since World War...

  • Hyundai to spend $6.72B on fuel cell solutions
    Hyundai to spend $6.72B on fuel cell solutions
    12/11/2018

    Hyundai Motor Group vowed on Tuesday to develop its technology toward the establishment of a "hydrogen society" and use the fuel beyond transportation, stressing the potential in the production and storage of electricity. It pu...

  • Report: Ghosn challenges detention after rearrest
    Report: Ghosn challenges detention after rearrest
    12/11/2018

    As Carlos Ghosn was formally arrested one more time in Japan, judges ordered on Tuesday for him to be detained for another ten days. One of the automotive industry's most well-known executives on a global scale was apprehended on Nov...

  • VW brand expects to beat annual sales record
    VW brand expects to beat annual sales record
    12/6/2018

    Volkswagen AG unveiled ambitious targets on Thursday for its core division, saying deliveries in the first 11 months reached 5.7 million vehicles or 1.2% more than one year before. That leaves 530,000 units for December to reach the high...

  • Charges against Ghosn to widen – report
    Charges against Ghosn to widen – report
    12/4/2018

    Prosecutors in Japan are preparing the case with new accounts on top of existing charges against Carlos Ghosn for understating income, domestic media reported on Tuesday with quotes from knowledgeable sources. Another formal arrest would...