Elon Musk and Tesla getting courted by Europe for investment
Capital cities across Europe are competing for Tesla as CEO Elon Musk visits Paris to meet with French President Emmanuel Macron for the second time in recent weeks.
GM, Samsung partner on $3B EV battery facility in Indiana
General Motors and Samsung SDI are building an EV battery cell plant in St. Joseph County, Indianac, creating 1,700 jobs, the state’s governor announced on Tuesday.
Stellantis recalls 332,000 Jeeps
Stellantis, the owner of Jeep, has filed a recall with the NHTSA of nearly 332,000 vehicles over loose rear suspension that could spontaneously detach.
Genesis shifting production of best-selling GV70 to USA
Genesis will begin production of its best-selling GV70 compact SUV alongside the electric version of the model in Montgomery, Alabama, starting in 2024.
Ford recalled 310,000 trucks over air bag issue
Ford is recalling more than 310,000 trucks in the U.S. because accumulating dust could prevent the driver’s front air bag from inflating during a crash.
3M fires executive for 'inappropriate personal conduct'
3M said it terminated group president and chief business and country officer, Michael Vale, for inappropriate personal conduct and violating company policy.
AI and machine learning may speed drug development, manufacturing: FDA
The FDA published two discussion papers this week about areas artificial intelligence and machine learning may improve drug development and manufacturing processes.
America’s factory boom drives sales surge for excavators, steel and trucks
A backlog of orders stemming from supply-chain bottlenecks during the pandemic and higher demand from new factories under construction have boosted manufacturing companies.
Tesla raises 2023 spending forecast as it races to ramp up output
The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than its previous outlook of $6 billion to $8 billion.
Boeing returns 737 MAX service for 11 Chinese airlines
The Boeing Company said 11 Chinese airlines have returned the 737 MAX to commercial service as of April 10 in a sign of the plane maker's commitment to its second biggest market.
TSMC in talks with US about CHIPS manufacturing subsidy criteria
Taiwan-headquartered chipmaking giant TSMC is in talks with the U.S. government about compliance criteria for obtaining subsidies from the $52 billion CHIPS Act.
Honda recalls 564,00 CR-Vs
Automaker Honda is recalling 564,00 CR-Vs in cold weather states because road salt can cause the frame to rust and rear suspension parts to come loose and fall off.
Boeing plans to increase 737 MAX production rates 'very soon'
Boeing indicated that it's planning to increase the production rates for its 737 MAX airliners in the near future as its new MAX 7 and MAX 10 models near FAA certification.
Tesla shares rise on delivery forecast
Tesla will report their latest quarterly deliveries on Sunday. Barclays Senior Autos Analyst Dan Levy expects the electric vehicle maker to exceed the 420,000-unit consensus forecast.
Manufacturers want US to expand trade ties with Europe: survey
A majority of American manufacturers want the U.S. to deepen economic ties with European countries through market-opening trade agreements, according to the NAM's outlook survey.
American Airlines to temporarily suspend route due to Boeing dreamliner delays
American Airlines is cutting flights now so because of expected delays in the delivery of Boeing 787 Dreamliners, crucial for the transatlantic route.
South Korea’s LG Energy to build $5.6B battery plant in Arizona
The complex announced Friday will consist of two battery plants and mark the largest investment ever for a stand-alone battery-manufacturing facility in North America, LG Energy said.
Tesla stock now blue-chip after credit upgrade
Tesla stock has been promoted to blue chip status after Moody’s upgraded its rating of the electric vehicle maker.
Four-day workweek gaining steam, restaurant, manufacturing industries say it doesn't work
There is a growing push to make Thursday the new Friday, but not everybody is on board.
House Republicans propose major energy and permitting reform package
House Speaker Kevin McCarthy and Majority Leader Steve Scalise unveiled Republicans' new energy and permitting reform package in an appearance on Fox Business Network's "Kudlow."