Toyota’s Daihatsu to compensate lower-tier suppliers for suspended production
TOKYO (Reuters) – Toyota Motor’s small-car unit Daihatsu Motor said on Thursday it would compensate lower-tier contractors in its supply chain to cushion the blow from an indefinite production stoppage after revelations…
As UAW strike looms, Biden admin considers aid for small suppliers -source
(Reuters) – President Joe Biden’s administration is discussing emergency aid to protect smaller firms that supply U.S. auto manufacturers if the United Auto Workers union goes on strike, a source with knowledge…
Factbox-Airlines, suppliers set to take a hit from RTX’s jet engine issues
(Reuters) – Airlines and aerospace suppliers are expected to take a hit after RTX Corp said on Monday 600-700 engines on Airbus A320neo jets need to be inspected for quality issues, which…
Tesla, suppliers to invest $15 billion in Mexico factory – local governor
MEXICO CITY (Reuters) – A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two years in a factory that is still…
Tesla suppliers say carmaker expects 2026 or 2027 Mexico production start, Reforma reports
MEXICO CITY (Reuters) – Tesla is eyeing 2026 or 2027 to potentially begin production at a major new factory planned for Mexico, according to a report published in Mexican daily Reforma on…
India asks Tesla to copy Apple in pairing Chinese, Indian suppliers -sources
By Nikunj Ohri, Shivangi Acharya and Aftab Ahmed NEW DELHI (Reuters) – As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms…
Analysis-Companies buy into suppliers to secure deliveries, hit green targets
By Clara Denina and Sarah McFarlane LONDON (Reuters) – Major brands, including the investment arm of the IKEA group, are following automakers’ lead in snapping up stakes in suppliers of raw materials…
Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar
By Dhwani Pandya MUMBAI (Reuters) -Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing as airlines place record jet orders, a top executive at the Indian…
Analysis-Smaller aerospace suppliers scramble for titanium, workers in shadow of travel boom
By Allison Lampert and Aditi Shah PARIS/NEW DELHI (Reuters) – Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at…
Google seeks suppliers to move some Pixel production to India – Bloomberg News
NEW DELHI (Reuters) -Alphabet Inc’s Google has begun early conversations with domestic suppliers to move some production of its Pixel smartphone to India, Bloomberg News reported on Tuesday, citing people familiar with…
Analysis-Behind aviation recovery, suppliers struggle to keep up
By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. What won’t…
Exclusive-US seeks new suppliers of highly used cancer drug methotrexate in short supply
By Julie Steenhuysen and Michael Erman (Reuters) – The U.S. Food and Drug Administration said on Friday it is seeking new suppliers to ease shortages of methotrexate, one of the most commonly…
Small aerospace suppliers press for better protections against rising costs
By Allison Lampert, Abhijith Ganapavaram and Valerie Insinna MONTREAL/WASHINGTON (Reuters) – The CEO of Canadian aerospace supplier Abipa International would not negotiate further when a potential customer recently pressed for additional price…
Foxconn shares fall after Apple supplier’s Q1 profit plunges
TAIPEI (Reuters) – Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier’s quarterly profit missed forecasts and it cited a big writedown from its stake in Japan’s…
Analysis-Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
By Francesco Guarascio HANOI (Reuters) – Vietnam has enjoyed a wave of investment from China since its neighbour abruptly canned its strict virus-containment strategy and unleashed pent-up interest from companies – and…
GE lends helping hands to jet engine suppliers to sidestep supply-chain challenges
By Rajesh Kumar Singh CINCINNATI (Reuters) – General Electric Co sent 12 machinists from its Rutland, Vermont, facility across the country last fall to help a sub-supplier in Arizona that was so…
German heating can’t be made 100% electric, suppliers say
FRANKFURT (Reuters) – German heating system suppliers said they can roll out electric heat pumps to households on a large scale to replace oil and gas boilers and protect the climate, but…
Struggling aerospace suppliers may not be able to support jet output hikes – survey
(Reuters) – Meeting Boeing Co and Airbus SE’s planned jet output hikes this year will not be a “slam dunk” for the aerospace supply chain, a Morgan Stanley survey of 80 suppliers…
Airbus urges suppliers to carry extra stocks amid output snags
By Valerie Insinna SEATTLE (Reuters) – Airbus laid down the law to its stretched supply chain on Wednesday, with a senior U.S. executive reminding contractors to meet timing and quality targets and…
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless…
Putin says Russia now one of China’s leading oil and gas suppliers
MOSCOW (Reuters) – Russian President Vladimir Putin said on Friday that Russia had become one of China’s leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to…
Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources
By Norihiko Shirouzu (Reuters) – Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap…
Airbus wary of squeezing out suppliers as tops hiring target
By Tim Hepher MUNICH (Reuters) – Airbus, struggling to meet resurgent jet demand in the face of crumbling supply chains and labour shortages, has exceeded this year’s hiring targets but is wary…
Aerospace suppliers flag cash flow warning as jet production hits turbulence
By Abhijith Ganapavaram (Reuters) – Aerospace suppliers are staring at the prospect of dwindling cash flow as they struggle with excess inventory due to production challenges at top planemakers Boeing Co and…
Shanghai food supplier’s books reveal big profits under COVID lockdown
SHANGHAI (Reuters) – The profitability surge of a Shanghai food supplier seeking a Hong Kong listing, disclosed in an exchange filing, gives a rare peep under the hood into a cohort of…
Toyota lowers 2022 output target to 9.5 million units, it tells suppliers -sources
By Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp has told several of its suppliers it has lowered its global production target for the year to 9.5 million units, two people familiar…
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