Production

Stung By Chip Shortage, VW Loses Production Of "Tens Of Thousands" Of Vehicles In China

Volkswagen has been the latest automaker to be hit hard by the semiconductor shortage that is sweeping its way through the auto industry.  The company has reportedly lost “tens of thousands” of vehicles in production in China as a result, according to Bloomberg.  VW’s China head, Stephan Wollenstein, commented Wednesday: “It was hurting us already in…

US Industrial Production Jumps Most Since July

After slowing its rebound in November, US Industrial Production was expected to re-accelerate in December and it did, dramatically. Despite job losses, tumbling retail sales, and soft survery data, industrial production jumped 1.6% MoM in December (massively beating the +0.5% expectation). This is also the biggest MoM jump since July… Source: Bloomberg On a year-over-year…

Iran Has Begun Assembling Key Material For Nuclear Warhead Production: UN Report

Israeli officials are once again making threats to launch preemptive strikes on Iran’s nuclear development facilities amid new reports the Islamic Republic is ramping up efforts to manufacture materials necessary for the production of nuclear warheads.  “In one of the most forceful statements made by an Israeli official, the Likud’s Tzachi Hanegbi, considered an ally…

Toyota Halts Production In China Due To Global Semiconductor Shortage

An ongoing global chip shortage has finally started to wreak havoc with the auto industry, which has become far more reliant on semiconductors due to “smart cars”, than it ever has been. On Tuesday, it was reported that Toyota has stopped its factory lines in Guangzhou, China as a result of lack of semiconductors. This comes…

Global Semiconductor Shortage Sparks Fear Of Production Delays For Smart Devices 

Reuters reports a global chip shortage is developing. Manufactures of automobiles and electronic devices are “sounding the alarm” about the shortages, which has triggered production delays.  Industry insiders say the shortage has a couple of causes, including US sanctions on Huawei Technologies, plant fire in Japan, supply chain disruptions in Southeast Asia following coronavirus lockdowns,…

Tesla To Shut Model S & X Production For 18 Days, Puts Some Staff On Unpaid Leave

But, but, but… this is the most successful, awesome carmaker in the world, right? TSLA shares are continuing their ever-upward trajectory this morning despite headlines reporting that, according to an email seen by CNBC, Tesla informed employees in its Fremont, California, factory on Friday that its Model S and Model X electric vehicle production lines will…

UPS Expands Dry Ice Production Ahead Of Vaccine Distribution

Global shipping giant UPS announced Tuesday it would begin producing thousands of pounds of dry ice per day and provide cold storage facilities along with transportation for COVID-19 vaccines.  In a corporate update, the Atlanta-based parcel delivery company said it would produce 1,200 pounds of dry ice per hour in its US facilities and be able to ship…