Tesla is accelerating plans for a line-up of new electric vehicles, including “more affordable models,” the automaker said in a memo to investors Tuesday. New models previously slated to start production in the second half of 2025 will now launch before then, the company said, implying production will start much earlier. It’s unclear whether the … Read more
The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more
While industrial America complained about being undercut by cheaper competition from China, Webasto became one of Germany’s many “hidden champions” that grew rich off China’s rise. German exports boomed as newly minted Chinese consumers bought their first cars, and factories around the manufacturing heartland needed machine tools and kit. German joint ventures helped school Chinese … Read more
Assembly lines around the world are starting to hum again, marking a turn in a years-long manufacturing slump. The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first … Read more
Still, for many Chinese firms that do venture out, or wish to, concerns linger over profitability, policy uncertainties and safety – as well as vast differences in the work cultures. “It was very tough to convince or to try to explain to Chinese companies from mainland China why they should come to Mexico and what … Read more
Two men have died in separate workplace incidents in Western Australia. The first death was a man aged in his 20s. He died at a concrete factory in Dalwallinu, about 255km northeast of Perth. The man was declared dead when police arrived at the facility. The incident occurred about 12.40pm on Wednesday and was linked … Read more
An analysis by Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 percent in 2020 to 76 percent in 2023 while … Read more
India’s decision to temporarily lower import duty on electric vehicles priced upwards of $35,000 to 15% for carmakers investing at least $500 million on domestic manufacturing “might help accelerate localisation of premium electric cars” and drive demand, a top Audi executive said. The policy “shows that the government seems to be very committed to sustainability, … Read more
Production at U.S. factories increased more than expected in February amid mild temperatures, but data for the prior month was revised sharply down as manufacturing remains hamstrung by high interest rates. Manufacturing output rebounded 0.8% last month after a downwardly revised 1.1% decline in the prior month, the Federal Reserve said on Friday. Factory output … Read more
Tata Motors has signed an MoU with the TN government to establish a cutting-edge vehicle manufacturing facility for an investment of Rs. 9000 crores that will generate around 5000 jobs, TN Industries Minister TRB Rajaa said on Wednesday in a post on X (formerly Twitter). Tamil Nadu CM MK Stalin and senior officials of Tata … Read more
