Air Canada to buy 18 Boeing 787 jets
Air Canada signed an agreement with Boeing to buy 18 widebody 787 jets, as the carrier looks to capitalize on strong travel demand and deploy fuel-efficient airplanes.
Layoffs, work stoppages mount in UAW strike against Big Three
The United Auto Workers union's strike against Ford, General Motors and Stellantis has caused work stoppages and layoffs at some of the automakers' facilities and their suppliers.
Rocket Lab shares fall after ‘launch issue’
Shares of Rocket Lab fell on Tuesday after the aerospace manufacturer announced it experienced an issue with its Electron rocket during its latest launch.
Elon Musk denies report that Tesla in talks with Saudis about opening factory
Tesla CEO Elon Musk on Monday denied a report that the electric vehicle maker is in talks with Saudi Arabia about setting up a manufacturing plant in the kingdom.
UAW strike against Big Three automakers enters fourth day
The UAW strike is the first to be carried out simultaneously against the Big Three of Ford, General Motors and Stellantis as the union pushes for higher pay for its members.
Biden accuses Big Three automakers of making 'record profits' that must be 'shared fairly' with UAW strikers
President Biden on Friday called for the Big Three automakers to share their "record profits" with workers and resolve the ongoing United Auto Workers strike.
UAW strike will be felt beyond Detroit, National Association of Manufacturers warns
The National Association of Manufacturers is calling on the United Auto Workers union and Detroit's Big Three automakers to work out an agreement to end the strike.
Ford reveals 2024 F-150 at Detroit Auto Show
Ford debuted the new 2024 Ford F-150 at the Detroit Auto Show. The pickup features a new pro access tailgate designed to be easier to use while a trailer is hooked up.
Smucker to buy Twinkies maker Hostess for $5.6B
J.M. Smucker will buy Hostess Brands in a deal valued at $5.6 billion. Smucker said the acquisition is expected to close in the third quarter of its current fiscal year.
Stellantis offers 14.5%, 4-year wage hike to UAW as potential strike looms
Despite Stellantis coming closer to UAW demands than contemporaries Ford and GM, the offer is still much less than the 46% wage hike being sought by the union.
GM makes ‘insulting proposal’ ahead of autoworker deadline, UAW president says
General Motors has offered a 10% wage increase to the United Auto Workers in what the union’s president is calling an “insulting proposal."
JPMorgan warns auto strike will cut new vehicle production, driving used car prices higher
Analysts at JPMorgan said the looming United Auto Worker (UAW) strike at Ford, GM and Stellantis would slow new vehicle production and subsequently spike the value of used cars.
Lockheed Martin trims delivery outlook for F-35 stealth jets
Lockheed Martin lowered its outlook for F-35 deliveries amid software upgrade delays that trimmed its projected 2023 deliveries for the stealth jets to 97 from a range of 100-125.
Biden doesn’t think autoworkers will strike, as deadline looms
President Biden said on Labor Day he does not think auto workers will go on strike if a new contract agreement is not reached by a looming deadline.
Worker shortages hitting these five professions
Jobs in a wide range of industries have been dealing with worker shortages. They include air traffic controllers, teachers, bus drivers, construction workers and others.
Hyundai, LG to invest additional $2 billion in Georgia battery plant
Hyundai Motor Group and LG Energy Solution will invest $2 billion in a joint venture to build a battery cell manufacturing plant in Georgia.
Apple reportedly doing 3D printing trials for watches
Apple has carried out 3D printing trials for some of its future watch manufacturing, according to Bloomberg. The 3D printing has reportedly been in the works for several years.
America's skilled worker shortage impacting construction, manufacturing industries
The U.S. economy is facing a shortage of skilled workers that is impacting the construction and manufacturing industries in particular, prompting a search for a new talent pipeline.
Elon Musk's Tesla Cybertruck: 5 fast facts
Tesla CEO Elon Musk took his Cybertruck production candidate for a spin at the company's gigafactory in Texas this week as the automaker gets ready to take on rivals GM and Ford.
Production of Apple iPhone 15 reportedly kicks off in India
Assembly of Apple's iPhone 15 has reportedly been kicked off in India by major manufacturer Foxconn, according to a Wednesday report from Bloomberg News.