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Boeing posts $355 million loss, CEO says focus remains on strengthening safety: As Boeing posts financial losses of $535 million, CEO Dave Calhoun has told staff ...
aerotime.aero/articles/boeing-first-quarter-results-dave-calhoun
Boeing posts $355 million loss, CEO says focus remains on strengthening ...
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
  • Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.

  • The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.

  • Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.

  • Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
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Alaska Airlines May Opt To Cull Future Boeing Deliveries: Alaska Air Group is unsure how many aircraft it will receive from Boeing in 2024.
aviationweek.com/air-transport/airlines-lessors/alaska-airlines-may-opt-cull-future-boeing-deliveries
Alaska Airlines May Opt To Cull Future Boeing Deliveries
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Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
  • Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.

  • The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.

  • Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.

  • The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
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Southwest leaving these 4 airports amid Boeing 737 Max crisis: Southwest said it expects to receive just 20 Boeing 737 Max 8 jets this year ...
businessinsider.com/southwest-leaving-these-4-airports-amid-boeing-737-max-crisis-2024-4
Southwest leaving these 4 airports amid Boeing 737 Max crisis
Quick Glance: Is Southwest Ending Free Seating?
  • Southwest Airlines is seriously considering seating allocation and passenger boarding to enhance its financial performance.

  • Unlike most other airlines, Southwest does not have a premium section with higher fares.

  • The airline is closely examining customer preferences regarding seating and boarding processes.

  • Experts believe that Southwest could potentially earn a significant amount of money by introducing assigned seating.
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Boeing says testing of 787 proves aircraft is safe: NEW YORK: Boeing defended its safety practices on Monday (Apr 15), touting aircraft testing protocols as it ...
channelnewsasia.com/business/boeing-says-testing-787-proves-aircraft-safe-4267791
Boeing says testing of 787 proves aircraft is safe
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Guess what: Boeing can be spelled without G and E: Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the ...
reuters.com/breakingviews/guess-what-boeing-can-be-spelled-without-g-e-2024-04-17/
Guess what: Boeing can be spelled without G and E
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Biden announces preliminary deal with Micron for up to $6.14 bln in chip grants: U.S. President Joe Biden traveled to Syracuse, New York, on Thursday and ...
reuters.com/technology/biden-announce-preliminary-deal-with-micron-up-614-bln-chip-grants-2024-04-25/
Biden announces preliminary deal with Micron for up to $6 ...
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Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo: Tesla said on Tuesday that it will use its existing factories to build new and more ...
reuters.com/business/autos-transportation/teslas-shift-low-cost-cars-throws-mexico-india-factory-plans-into-limbo-2024-04-24/
Tesla's shift on low-cost cars throws Mexico, India factory plans into ...
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China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
China’s GDP grows 5.3% in the first quarter of 2024
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
  • China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.

  • In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.

  • A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.

  • China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
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Boeing spent $500,000 more than it previously disclosed on personal private jet trips for top executives
cnn.com/2024/04/11/business/boeing-executives-personal-air-travel-costs/
Boeing spent $500,000 more than it previously disclosed on personal ...
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RM Williams co-owner Nicola Forrest is sticking the boot in for women: In her first official media appearance since her separation from Andrew “Twiggy” Forrest ...
smh.com.au/lifestyle/fashion/rm-williams-co-owner-nicola-forrest-is-sticking-the-boot-in-for-women-20240419-p5fl2l.html
RM Williams co-owner Nicola Forrest is sticking the boot in for women
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What I Like Least About American, Delta, And United: While there are lots of things they do well, here are the biggest weaknesses of American Airlines ...
onemileatatime.com/insights/worst-things-american-delta-united/
What I Like Least About American, Delta, And United
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Nigerian Breweries to shut down two plants: Job cuts are a strong possibilityamong the “operational efficiencymeasures” to be adopted by thecompany in the days ...
premiumtimesng.com/business/686755-nigerian-breweries-to-shut-down-two-plants.html
Nigerian Breweries to shut down two plants
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Kawasaki to shut down factory WSBK team at end of 2024: Kawasaki will end its factory involvement in the World Superbike Championship at the conclusion of the ...
motorsport.com/wsbk/news/kawasaki-to-shut-down-factory-wsbk-team-at-end-of-2024/10602782/
Kawasaki to shut down factory WSBK team at end of 2024
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Could the Union Victory at VW Set Off a Wave?: Some experts say the outcome at a plant in Chattanooga, Tenn., may be organized labor’s most significant advance ...
nytimes.com/2024/04/20/business/economy/uaw-union-future.html
Could the Union Victory at VW Set Off a Wave?
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Governors of six Southern states warn workers against joining UAW union: Governors of six Southern states — Tennessee, Alabama, Georgia, Mississippi ...
washingtonpost.com/business/2024/04/16/republican-governors-uaw/
Governors of six Southern states warn workers against joining UAW union
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‘Super cute please like’: the unstoppable rise of Shein: The long read: It is taking fast fashion to ever faster and ever cheaper extremes ...
theguardian.com/fashion/2024/apr/16/super-cute-please-like-the-unstoppable-rise-of-shein
‘Super cute please like’: the unstoppable rise of Shein
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UAW clinches watershed union victory at Volkswagen Tennessee factory: Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers ...
reuters.com/business/autos-transportation/uaw-clinches-watershed-union-victory-volkswagen-tennessee-factory-2024-04-20/
UAW clinches watershed union victory at Volkswagen Tennessee factory
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Some Tesla workers get badge scan, realize layoff: Tesla told staff it was conducting layoffs on Sunday night, but some workers realized they were out of a job ...
businessinsider.com/tesla-factory-workers-discover-laid-off-security-badge-scans-sources-2024-4
Some Tesla workers get badge scan, realize layoff
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Ford's Transit Trail Recall Fix for Tire Rub Is Just Installing Smaller Ones
thedrive.com/news/fords-transit-trail-recall-fix-for-tire-rub-is-just-installing-smaller-ones
Ford's Transit Trail Recall Fix for Tire Rub Is Just Installing ...
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Weak demand: Tesla cuts hundreds of employees in Germany: Tesla boss Elon Musk is planning to cut more than one in ten jobs at the electric car manufacturer ...
hna.de/wirtschaft/elektroauto-tesla-stellenabbau-deutschland-mitarbeiter-jobs-gruenheide-93018223.html
Weak demand: Tesla cuts hundreds of employees in Germany
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At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage': Wu Huazhan's Chinese television factory used to impose minimum orders to manage ...
reuters.com/markets/commodities/chinese-trade-fair-exporters-despair-their-goods-are-as-cheap-cabbage-2024-04-16/
At Chinese trade fair, exporters despair their goods are 'as cheap as ...
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Tesla's Musk postpones India trip, aims to visit later this year : Musk was also expected to disclose details of the automobile major's plans for the ...
gulfnews.com/business/retail/teslas-musk-postpones-india-trip-aims-to-visit-later-this-year-1.1713590737569
Tesla's Musk postpones India trip, aims to visit later this year
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As DOJ weighs reviving Boeing prosecution, MAX crash families ‘disheartened’: Families who lost loved ones in the MAX crashes met Wednesday with the Justice ...
seattletimes.com/business/as-doj-weighs-reviving-boeing-prosecution-max-crash-families-disheartened/
As DOJ weighs reviving Boeing prosecution, MAX crash families ...
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Georgia demands Rivian secure, maintain its site for planned EV factory: Electric vehicle maker Rivian said it is working to secure and maintain the site of its ...
ajc.com/news/business/rivian-agrees-to-maintain-secure-georgia-factory-site-amid-state-demands/ZQTCOQ6WMVB3PJLQVAVDF5JBSM/
Georgia demands Rivian secure, maintain its site for planned EV factory
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Celebrate National Pretzel Day: Auntie Anne's, Wetzel's Pretzels among places to get deals
usatoday.com/story/money/food/2024/04/25/national-pretzel-day-2024/73398995007/
Celebrate National Pretzel Day: Auntie Anne's, Wetzel's Pretzels among ...
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Opinion: What Boeing Can Learn From GE Aerospace: Boeing’s new leaders would be wise to study GE’s metamorphosis under Larry Culp.
aviationweek.com/aerospace/manufacturing-supply-chain/opinion-what-boeing-can-learn-ge-aerospace
Opinion: What Boeing Can Learn From GE Aerospace
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Vietnam's FPT to invest $200 mln in AI factory using Nvidia chips: Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory ...
reuters.com/technology/vietnams-fpt-invest-200-mln-ai-factory-using-nvidia-chips-2024-04-23/
Vietnam's FPT to invest $200 mln in AI factory using Nvidia chips
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Volkswagen announces R4bn investment in Kariega plant: Volkswagen Group Africa on Tuesday announced a R4bn investment in its manufacturing plant in Kariega ...
timeslive.co.za/motoring/news/2024-04-16-volkswagen-announces-r4bn-investment-in-kariega-plant/
Volkswagen announces R4bn investment in Kariega plant
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Boeing whistleblowers say Boeing retaliates against whistleblowers: Employees are afraid to speak up about what they see as safety lapses at the company ...
qz.com/boeing-whistleblowers-retaliation-1851405873
Boeing whistleblowers say Boeing retaliates against whistleblowers
Profile picture of Insider (news website)
Some Tesla workers get badge scan, realize layoff: Tesla told staff it was conducting layoffs on Sunday night, but some workers realized they were out of a job ...
businessinsider.com/tesla-factory-workers-discover-laid-off-security-badge-scans-sources-2024-4
Some Tesla workers get badge scan, realize layoff
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Power of cork key to climate change fight, scientists say: "It’s a product that answers all the challenges we have as a society."
abcnews.go.com/International/power-cork-key-climate-change-fight-scientists/story
Power of cork key to climate change fight, scientists say
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The South has few unionized auto plants. Workers say this one could be next. : Volkswagen workers in Tennessee could choose to make their plant one of the first ...
washingtonpost.com/business/2024/04/15/vw-uaw-tennessee-union-vote/
The South has few unionized auto plants. Workers say this one could be ...
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Johnson Tiles factory set to close with 105 job losses: Johnson Tiles in Tunstall will instead become a standalone business with all production outsourced
stokesentinel.co.uk/news/stoke-on-trent-news/johnson-tiles-factory-set-close-9247043
Johnson Tiles factory set to close with 105 job losses
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Boeing-Qualitätsmaßnahmen erstrecken sich auf das gesamte MRO-Segment: Qualitätsreduzierungen, die bei Boeing Commercial Airplanes begonnen haben ...
aviationweek.com/shows-events/mro-americas/boeing-quality-standdowns-extend-across-mro-segment
Boeing-Qualitätsmaßnahmen erstrecken sich auf das gesamte MRO-Segment
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Habeck opens Quantum Systems' German drone factory in Ukraine: German drones have been in use in Ukraine for a long time. Now they are also being built on site ...
t-online.de/nachrichten/ukraine/id_100389946/habeck-eroeffnet-deutsche-drohnenfabrik-von-quantum-systems-in-der-ukraine.html
Habeck opens Quantum Systems' German drone factory in Ukraine
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Honda joins EV race with historic $11B investment to build 240K EVs a year: Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 ...
electrek.co/2024/04/25/honda-build-240k-evs-year-historic-11b-investment/
Honda joins EV race with historic $11B investment to build 240K EVs a year
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
  • Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.

  • Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.

  • The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.

  • Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
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How the UAW’s win may change the South: For five decades, the southern United States has been an attractive location for foreign automakers to open plants thanks ...
cnn.com/2024/04/23/business/uaw-south-jobs/
How the UAW’s win may change the South
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Donald Trump’s empty promises on jobs: The policies of the Trump administration played an important role in this decline of U.S. manufacturing capacity and ...
thehill.com/opinion/4595225-donald-trumps-empty-promises-on-jobs/
Donald Trump’s empty promises on jobs
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Five firefighters injured: Braunschweig: Major fire after explosions in factory: Several explosions occur in a chemical factory in Braunschweig ...
n-tv.de/panorama/Braunschweig-Grossbrand-nach-Explosionen-in-Fabrik-article24878434.html
Five firefighters injured: Braunschweig: Major fire after explosions in ...
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M. Marquez' 2025 wishlist: Of course, I would like a factory bike: The Gresini rider claims contact has been made behind the scenes as both he and teams begin to ...
motogp.com/en/videos/2024/04/25/m-marquez-2025-wishlist-of-course-i-would-like-a-factory-bike/496104
M. Marquez' 2025 wishlist: Of course, I would like a factory bike
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After issuing factory capacity warning to China, Yellen faces tariff decisions: U.S. Treasury Secretary Janet Yellen hammered home a stern warning to China's ...
reut.rs/3VMbfQe
After issuing factory capacity warning to China, Yellen faces tariff ...
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$10 million solar panel plant announced for north Alabama, to create 70 jobs: OMCO is leasing Building 100 in the Huntsville West Industrial Park at 7620 ...
al.com/business/2024/04/10-million-solar-panel-plant-announced-for-north-alabama-to-create-70-jobs.html
$10 million solar panel plant announced for north Alabama ...
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How Tesla Planted the Seeds for Its Own Potential Downfall: Elon Musk’s factory in China saved his company and made him ultrarich. Now, it may backfire.
nytimes.com/2024/04/09/podcasts/the-daily/tesla-china-ev.html
How Tesla Planted the Seeds for Its Own Potential Downfall
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The C8 Chevy Corvette ZR1 Is Finally Confirmed and It's Coming This Summer: It could be the first factory 'Vette to pack a twin-turbocharged V8 ...
thedrive.com/news/the-c8-chevy-corvette-zr1-is-finally-confirmed-and-its-coming-this-summer
The C8 Chevy Corvette ZR1 Is Finally Confirmed and It's Coming This ...
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The Food Chain - The real Willy Wonkas - The real Willy Wonkas - BBC Sounds: Catch up on your favourite BBC radio show from your favourite DJ right here ...
bbc.co.uk/sounds/play/w3ct4v88
The Food Chain - The real Willy Wonkas - The real Willy Wonkas - BBC ...
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For Tesla, India Represents Big Promise—and Some Peril: A factory in India would be a significant risk—but maybe one worth taking.
wsj.com/business/autos/for-tesla-india-represents-big-promiseand-some-peril-3658772d
For Tesla, India Represents Big Promise—and Some Peril
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Fox Shocks Will Sell This Skunkworks Silverado With 700 HP and Wild Suspension: Fox developed the F-150 Raptor rival that Chevy won't, and it's an ...
thedrive.com/news/fox-shocks-will-sell-this-skunkworks-silverado-with-700-hp-and-wild-suspension
Fox Shocks Will Sell This Skunkworks Silverado With 700 HP and Wild ...
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Sudan's uprooted millions pay price for year-long war: After fleeing from the war in Sudan to Egypt, Mohamed Ismail says his ambitions are limited to putting ...
reuters.com/world/africa/sudans-uprooted-millions-pay-price-year-long-war-2024-04-14/
Sudan's uprooted millions pay price for year-long war
Quick Glance: Sudan's Displaced Millions Suffer One-Year War Consequences
  • After fleeing the war in Sudan to Egypt, Mohamed Ismail's aspirations are limited to providing food for his five children from a meager monthly salary earned at a paper factory.

  • A seven-year-old son sleeps in his arms due to trauma from explosions before fleeing Khartoum in January.

  • Financial challenges lead some to return to the war-torn capital.

  • Sudan's war began on April 15, 2023, over a planned political transition where the army, led by Abdel Fattah al-Burhan, and the RSF, led by Mohamed Hamdan Dagalo, known as Hemedti, were competing to protect their interests.
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How clinker plant will change lives in West Pokot: New factory will see several roads in the region upgraded to ease transport.
nation.africa/kenya/counties/west-pokot/clinker-plant-bags-of-goodies-west-pokot-residents--4592038
How clinker plant will change lives in West Pokot
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Tesla plans huge Bay Area job cuts, including at Fremont car factory: Tesla has decided to slash well over 2,700 Bay Area jobs, including layoffs at the ...
mercurynews.com/2024/04/24/tesla-economy-jobs-layoff-electric-car-green-energy-tech-economy-musk/
Tesla plans huge Bay Area job cuts, including at Fremont car factory
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
  • Tesla lowers prices in Germany to increase inventory and sales.

  • Elon Musk addresses price complaints and emphasizes the need for flexible pricing.

  • Buyers of Tesla vehicles during expensive phases may face depreciation.

  • Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
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Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana: This is a different new 3-row EV from the one Toyota will build in Kentucky.
arstechnica.com/cars/2024/04/toyota-will-spend-1-4-billion-to-build-electric-3-row-suv-in-indiana/
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
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2024 Toyota Tacoma TRD Pro First Drive: One Hell of a Truck for … How Much?: The new Tacoma TRD Pro is an awesome factory-built off-road truck ...
motortrend.com/reviews/2024-toyota-tacoma-trd-pro-first-drive-review/
2024 Toyota Tacoma TRD Pro First Drive: One Hell of a Truck for … How ...
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Acosta shines as factory KTMs face down dreaded Q1: The #31 is the sole RC-16 into Q2 and though his senior counterparts rue costly crashes ...
motogp.com/en/videos/2024/04/26/acosta-shines-as-factory-ktms-face-down-dreaded-q1/496238
Acosta shines as factory KTMs face down dreaded Q1
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Boeing Grilled Again in Probe of 737 MAX 9 Door Blowout: National Transportation Safety Board investigators launch a new round of questions for the company in ...
trib.al/LzPAuWh
Boeing Grilled Again in Probe of 737 MAX 9 Door Blowout
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Singapore-built Hyundai Ioniq 5 robotaxi passes its driving test in the US: The robotaxi version of the Ioniq 5 electric crossover is assembled by Hyundai's ...
asiaone.com/lifestyle/singapore-built-hyundai-ioniq-5-robotaxi-passes-its-driving-test-us
Singapore-built Hyundai Ioniq 5 robotaxi passes its driving test in the US
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Honda Will Establish $11 Billion Worth of EV Value Chain in Canada: Honda announced plans to invest $11 billion in Ontario, Canada, to establish a comprehensive ...
techtimes.com/articles/304031/20240426/honda-establish-11-billion-worth-ev-value-chain-canada.htm
Honda Will Establish $11 Billion Worth of EV Value Chain in Canada
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Daimler Truck Workers Reach Deal and Avert Threatened Strike in North Carolina: The United Automobile Workers reached an agreement involving workers who make ...
nytimes.com/2024/04/26/business/daimler-truck-uaw-strike.html
Daimler Truck Workers Reach Deal and Avert Threatened Strike in North ...
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Boeing buys GKN factory in Hazelwood, saving 550 jobs: Boeing’s deal for GKN Aerospace’s Hazelwood plant comes at a crucial moment for the defense contractor and ...
stltoday.com/news/local/business/boeing-buys-gkn-factory-in-hazelwood-saving-550-jobs/article_536ed6de-01b4-11ef-af1b-ffbd0896f85c.html
Boeing buys GKN factory in Hazelwood, saving 550 jobs
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What Rana Plaza tragedy means in 2024: Let's visit this discussion on three levels of analysis on the local, national, and global scenarios and impacts
thedailystar.net/opinion/views/news/what-rana-plaza-tragedy-means-2024-3593721
What Rana Plaza tragedy means in 2024
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This solar giant is moving manufacturing back to the US: Tariffs and IRA tax incentives are starting to reshape global supply chains—but vast challenges lie ...
technologyreview.com/2024/04/23/1091665/canadian-solar-ira-manufacturing-us/
This solar giant is moving manufacturing back to the US
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Honda to build new EV plant in Canada as competition intensifies - The Mainichi: TOKYO (Kyodo) -- Honda Motor Co. is planning to build a new electric vehicle ...
mainichi.jp/english/articles/20240423/p2g/00m/0bu/043000c
Honda to build new EV plant in Canada as competition intensifies - The ...
Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario
  • According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.

  • The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.

  • Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.

  • The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.
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Gresini's Marc Marquez eyes factory bike in 2025: Six-time MotoGP champion Marc Marquez wants to return to racing on a factory bike in 2025 after switching ...
timeslive.co.za/motoring/motorsport/2024-04-26-gresinis-marc-marquez-eyes-factory-bike-in-2025/
Gresini's Marc Marquez eyes factory bike in 2025