Tesla’s Shanghai Factory Suffers 24% Drop in Shipments amid EV Price War
Elon Musk’s Tesla saw shipments from its Shanghai factory in June plummet 24.2% from the same month last year, marking its fourth decline this year as the company struggles with intensifying price wars in the Chinese market. Bloomberg Report Tesla’s Model 3 and Model Y deliveries fell to 71,007 units in June, down 2.2% from […]
UK new car sales hit 1m in first half for first time since 2019; German factory orders fall unexpectedly – business live | Business
Important Events SMMT chief executive Mike Hawes was asked earlier how demand for electric cars was holding up. “It’s OK,” he said, but added that it will be a long and difficult road before electric vehicles hit the mass market. June was okay, but what we’ve seen is that we’ve hit a kind of plateau. […]
Factory Construction Is Booming, But Manufacturing Production May Be Shrinking
The U.S. Manufacturing Conundrum: Growth or Contraction? Is U.S. manufacturing expanding or contracting? It depends on who you ask. The most widely watched study U.S. factories saw declines in JuneThe Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index fell to 48.5% in June from 48.7% the previous month. this is ISM Index falls for […]
Maker of weight loss drugs to build $4.1B factory in North Carolina
Novo Nordisk Announced The company announced plans Monday to build a $4.1 billion facility in North Carolina as demand for its popular weight-loss drugs has increased in recent months. The plant will be the Danish company’s second fill and finish manufacturing facility in Clayton, North Carolina, and its fourth overall in the region. Novo Nordisk, […]
American Factory Supplying Ammo To US, Ukraine Is Apparently Reliant On Foreign Tech
A new domestically-based plant supplying arms to the U.S. and Ukraine is filled almost entirely with foreign technologies, The Wall Street Journal reported on Monday A new factory built by defense contractor General Dynamics in Texas is playing a key role in producing the needed armaments, but it is nearly totally reliant on foreign-provided technology […]
South Korea lithium battery factory fire leaves 16 dead, others missing
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Tupperware Announces Closure of Last U.S. Factory, Moves Production to Mexico
Due to financial difficulties, American kitchenware manufacturer Tupperware is closing its last factory in the United States and moving production to Mexico. Plastic product brands lay off Approx. 150 According to local NBC news, workers at the Hemingway, South Carolina, plant will continue to work from September 28 until the plant’s permanent closure on January […]
FDA Took More than a Year to Act on Complaint About Baby Formula Factory
The U.S. Food and Drug Administration (FDA) took more than a year to respond to a whistleblower report about an Abbott Nutrition plant in Michigan that became the epicenter of a nationwide infant formula shortage, reports the Associated Press. reportCiting the new audit. The report states: The Department of Labor received the email and forwarded […]
Cheesecake Factory Prices ‘Have Ballooned’ Under Biden
Pro-Trump super PAC MAGA Inc. noted that Bidennomics is no joke, pointing to rising restaurant food prices under President Joe Biden’s administration. in press release On Monday, the super PAC from MAGA Inc. addressed the viral parody. post X’s video includes a photo of former President Donald Trump reading out the prices and items on […]
Pro-life group urges GOP to avoid ‘ostrich strategy,’ target Dems for wanting ‘global abortion factory’
Prominent pro-life group Susan B. Anthony (SBA) Pro-Life America is urging Republican candidates not to shirk reality ahead of the 2024 election, but instead to portray Democrats as unpopular on abortion. Since the Supreme Court’s Dobbs decision overturned nearly 50 years of precedent that effectively legalized abortion, Democrats have attributed their political victories to the […]