Category: Industry Focus Areas

January 26, 2022

Boeing Co. said production problems and delivery delays with its 787 Dreamliner jet would cost it another $4.5 billion as the plane maker reported its third annual loss in a row. The company said it expects to deliver more of […]

January 26, 2022

Bentley Motors is pouring billions into upgrading manufacturing to accelerate its electric vehicle development plan, joining other auto brands shifting away from gasoline engines, the luxury automaker said Jan. 26. U.K.-based Bentley said that it is investing 2.5 billion pounds […]

January 25, 2022

Azorra has signed an agreement with Embraer to acquire 20 new E2 family aircraft, plus a further 30 purchase rights. This flexible deal enables Azorra to acquire E190-E2 or E195-E2 aircraft. At list prices, the order is valued at USD […]

January 25, 2022

OPEC and its Russia-led partners have promised to increase oil production to pre-pandemic levels this year but are falling short of those public commitments, stoking fast-rising global crude markets. Last month, the Organization of the Petroleum Exporting Countries and its […]

January 24, 2022

Demand for oil is nearing pre-COVID levels and producers globally are investing too little in supply, Saudi Aramco said. “We are getting very close to pre-pandemic levels,” CEO Amin Nasser said Jan. 24 in Dhahran, where the world’s biggest oil […]

January 19, 2022

Airbus has signed a Memorandum Of Understanding (MOU) with the city of Chengdu and Tarmac Aerosave for the development of the first sustainable aircraft “lifecycle” service centre in China. This agreement will cover a range of activities from aircraft parking […]

January 18, 2022

Exxon Mobil Corp. said it has set a goal to reduce or offset greenhouse-gas emissions from its operations to zero by 2050, as investor and public pressure mounts on oil producers to respond to climate change. The oil giant said […]

January 14, 2022

The Volvo VNR Electric is one of Volvo Trucks six all-electric heavy truck models and is specially designed for the North American market. Sales start was in December 2020. The first generation of Volvo VNR Electric had an operating range […]

January 14, 2022

Tesla co-founder and CEO Elon Musk verbally reacts in front of the newly unveiled all-electric battery-powered Tesla Cybertruck with broken glass on windows following a demonstation that did not go as planned on November 21, 2019 at Tesla Design Center […]

January 12, 2022

Biopharmaceutical firm Pardes Biosciences Inc. plans to spend a large chunk of the funds it raised through a public offering late last month on a pill it is developing to treat Covid-19, including on manufacturing and hiring more clinical staff. […]