Category: Industry Focus Areas

February 13, 2020

Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said it would not take advantage of its surging stock by raising more capital. Musk himself will […]

February 13, 2020

NEW YORK (Reuters) – A federal judge on Wednesday said he was prepared to approve Philadelphia Energy Solutions’ bankruptcy plan which includes the sale of the largest East Coast oil refinery to a Chicago real estate developer for $252 million. […]

February 12, 2020

The U.S. Department of Energy (DOE) announced approximately $187 million in funding, including $48 million of cost share, for 55 projects in 25 states to support innovative advanced manufacturing research and development. These projects address high-impact manufacturing technology, materials, and […]

February 11, 2020

PALM BEACH, Florida, Feb. 11, 2020 /PRNewswire/ — There is no doubt that the global medical device market has been showing outstanding growth for the last few years and that it will continue to do so in the near future… […]

February 10, 2020

TOKYO — Nissan will temporarily halt production at its plant in Japan’s southwestern Kyushu due to the coronavirus. In a statement, Nissan, the first automaker to halt production at a plant in Japan because of the outbreak, said that output […]

February 10, 2020

Below are details on carmakers’ plans (in alphabetical order) as compiled by Reuters: BMW’s China venture with Brilliance said on February 5 the Chinese firm planned to restart production on February 17. Daimler said on February 3 it plans to […]

February 7, 2020

DETROIT — The threat from the coronavirus crisis is closing in on the global auto industry, as Fiat Chrysler Automobiles warned Thursday that a European plant could shut down within two to four weeks if Chinese parts suppliers cannot get […]

February 6, 2020

MUNICH (Reuters) – BMW said on Thursday it is increasing production of electric vehicle powertrain components at its plant in Dingolfing, Bavaria, and raising its staff numbers to 1,400 this year, from 600 at present. Responding to tougher emissions rules […]

February 6, 2020

The study is based on the first full year of data reported by U.S. refineries since a U.S. Environmental Protection Agency rule was implemented in 2018. The rule requires continuous monitoring of air pollutants around plants to protect nearby communities, […]

February 5, 2020

DETROIT — General Motors lost $194 million in the fourth quarter largely because of the 40-day autoworkers strike that cost it four weeks of vehicle production and eroded any profit. GM said the strike cost it $2.6 billion in earnings […]