PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse,…
US Defense Contractors Lay Groundwork For Plan To Massively Ramp Up Weapons Production With Taiwan Micaela Burrow on April 11, 2023 A coterie of U.S. defense industry representatives plan to…
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by January 2025 as…
(Reuters) – Mexican automotive production and exports rose in March from the same month a year earlier, data from the national statistics agency (INEGI) showed on Monday. Production increased by…
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Rising military production and huge state spending are keeping Russia’s industry buzzing along, an analysis of recent data shows, helping soften…
By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other…
By Ariba Shahid KARACHI, Pakistan (Reuters) – Honda Atlas Cars Pakistan Ltd on Friday announced a 15-day extension to the longest plant shutdown to date, citing the country’s current economic…
GOP Sen Says Biden ‘Warped’ Iconic Conservation Law To Attack American Energy Production Harold Hutchison on March 22, 2023 Republican Sen. Cynthia Lummis of Wyoming ripped President Joe Biden for…
By David Shepardson WASHINGTON (Reuters) – Honda Motor Co’s U.S. unit said on Tuesday it would move production of its Accord sedan to Indiana in 2025 after assembling the model…
By David Shepardson WASHINGTON (Reuters) – Ford Motor Co said on Friday it was on track to resume production of F-150 Lightning vehicles on Monday after the No. 2 U.S.…
Oil Execs Raise Red Flags On US Energy As Production Flounders Under Biden Jason Cohen on March 8, 2023 OPEC once again dominates the global oil market as the shale…
By Ariba Shahid KARACHI, Pakistan (Reuters) – Honda Atlas Cars Pakistan Ltd has announced the longest plant shutdown to date in the current economic crisis amongst the country’s automakers, which…
Electric Vehicle Startups Running Out Of Juice As Demand Lags, Production Stalls John Hugh DeMastri on March 6, 2023 Electric vehicle startups are increasingly strapped for cash and have little…
By David Shepardson WASHINGTON (Reuters) – Ford Motor Co said Thursday it will restart production of its F-150 Lightning on March 13 after it halted output of the electric truck…
ISTANBUL (Reuters) – Turkish factory activity expanded very slightly in February as massive earthquakes impacted the sector as some firms suspended production resulting in a slowdown in output and orders,…
(Reuters) – Ford Motor Co will halt production of its electric F-150 Lightning pickup for another week following a battery issue that caused an EV truck to catch fire earlier…
By Nathan Gomes and Valerie Insinna (Reuters) – Boeing Co said on Thursday it plans to stop production of the F/A-18 Super Hornet in late 2025 after delivering the last…
CHICAGO (Reuters) – General Electric is “well aligned” with production schedules for both Boeing and Airbus this year, Chief Executive Larry Culp said on Thursday. GE and other jet engine…
BANGKOK (Reuters) – Car production in Thailand rose 4.02% in January from a year earlier to 157,844 units, helped by higher exports, the Federation of Thai Industries said on Tuesday.…
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact…
(Reuters) – Supplier Howmet Aerospace Inc on Tuesday offered a conservative outlook for narrowbody jet production at top planemakers Boeing Co and Airbus SE. Shares of the company, one of…
SAO PAULO (Reuters) – Brazil’s auto industry production and sales dropped sharply in January from the previous month, data from automakers association Anfavea showed on Tuesday, suggesting sluggish demand for…
(Reuters) -Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent price cuts by its client…
PRAGUE (Reuters) – Volkswagen’s Skoda Auto will cut production further next week as it struggles with component shortages, trade unions at the Czech carmaker said on Thursday. Shifts will be…
PRAGUE (Reuters) – Volkswagen’s Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at the carmaker said. Some shifts will be cancelled in the…