BERLIN—Several thousand workers at autos supplier Robert Bosch protested in Germany on Friday against planned plant closures and job relocations which the company said are needed to adapt to changing demand in the transition to electric vehicles. Around 3,000 workers from various plants gathered outside a Bosch plant in Buehl, union IG Metall said, where…
Bosch Workers Protest Against Factory Closures, Job Cuts
November 19, 2021
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Tesla to Open Canada Battery Gear Factory in Markham, Ontario: Mayor
November 6, 2021
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SAN FRANCISCO—Tesla Inc. opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on Friday, as the electric carmaker ramps up the production of cheaper, higher-range 4680 battery cells. In 2019, the U.S. electric carmaker acquired Canada-based Hibar, which manufactures pumps used in fast-speed battery assembly that…
US Factory Orders Unexpectedly Rise in September
WASHINGTON—New orders for U.S.-made goods unexpectedly rose in September, though manufacturing remains constrained by input shortages. The Commerce Department said on Wednesday that factory orders increased 0.2 percent in September. Data for August was revised down to show orders rising 1.0 percent instead of 1.2 percent as previously reported. Economists polled by Reuters had forecast…
Euro Zone October Factory Growth Hurt by Supply Woes, Price Pressures: PMI
November 2, 2021
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LONDON—Euro zone manufacturing activity remained strong last month but was curtailed by supply chain bottlenecks and logistical problems which sent input costs soaring, a survey showed on Tuesday. Ongoing disruptions caused by the coronavirus pandemic, alongside a shortage of heavy goods vehicle drivers, has caused product shortages and left factories struggling to get the raw…
US Factory Orders Increase Solidly as Manufacturing Keeps Humming
WASHINGTON―New orders for U.S.–made goods accelerated in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labor. The Commerce Department said on Monday that factory orders increased 1.2 percent in August. Data for July was revised higher to…
Canada Factory Activity Sees Strong Growth Despite Supply Shocks
TORONTO—Canadian manufacturing activity grew in September at a pace that was little changed from the prior month’s robust level, while global supply shocks helped to lift measures of inflation to record highs, data showed on Friday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) dipped to a seasonally adjusted 57.0 in September from 57.2…
Euro Zone Factory Growth Strong in September but Bottlenecks Bite
LONDON—Euro zone manufacturing growth remained strong in September but activity took a big hit from supply chain bottlenecks that are likely to persist and keep inflationary pressures high, a survey showed on Friday. Factories have struggled with logistical issues, product shortages and a labour crunch brought about in large part by ongoing disruptions caused by…
Japan’s Factory Output Extends Declines on Car Production Cuts
TOKYO—Japan’s industrial output fell for the second straight month in August as COVID-19 outbreaks elsewhere in Asia disrupted supply chains for carmakers already facing headwinds from a prolonged chip shortage. Separate data out on Thursday showed retail sales in August slipped for the first time in six months as households cut spending amid a coronavirus…
NTD Business Full Broadcast (Sept. 28)
Consumer confidence falling to a 7-month low, what are people concerned about? The energy crisis continues in Europe and China. One Chinese official is desperate for more coal imports. Ford announces its largest manufacturing investment ever. It says it will lead America’s transition to electric vehicles.
Japan Factory Output Seen Down Again in August on Supply Chain Disruption: Poll
September 24, 2021
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TOKYO—Japan’s factory output likely fell again in August as the country’s manufacturing sector faced supply chain disruptions driven by a global chip shortage and the spread of the Delta coronavirus variant in Southeast Asia. Retail sales also likely eased in August after a sharp rise in July, according to the poll, underscoring the fragility of…
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