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Volkswagen Sells Stake in Electrify America to Siemens

June 29, 2022

Via: The Wall Street Journal

Volkswagen AG VOW -0.89%▼ has agreed to sell a minority stake in its U.S. electric-vehicle charging business to Siemens AG, SIEGY -1.05%▼ in a transaction that provides $450 million in new money and values the charging network at $2.45 billion, […]


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Global Industry Analysts Predicts the World Fire Resistant Glass Market to Reach $11 Billion by 2026

June 27, 2022

Via: PR Newswire

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Fire Resistant Glass – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in […]


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Alleged Tesla Spying Issue Leads To Road Ban in China! Here’s Why This is Bad News for the EV Maker

June 23, 2022

Via: Tech Times

The alleged Tesla spying issue led to a massive road ban in China. Authorities announced this decision because the surveillance problem might affect their residents’ privacy. As of writing, Tesla’s popular electric vehicle units are restricted on some roads in […]


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Apple Isn’t Priced for a Recession

June 22, 2022

Via: The Wall Street Journal

The “new” Apple AAPL 3.28%▲ isn’t really new. But it is new enough that the 46-year-old company’s modern incarnation has yet to see its resilience truly tested by a global recession. Investors currently aren’t baking one in. Apple’s share price […]


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Labor Shortage Needs New Approach to Worker Retention

June 21, 2022

Via: Industry Today

By Shannon Gabriel, Managing Director, Leadership Solutions Practice, TBM Consulting The assembly line was experiencing 65% turnover, a problem so severe that long-time veterans of the plant were reluctant to train new people. Why bother if new employees would exit […]


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Elon Musk Says Tesla Will Terminate 3.5% of Staff After Ex-Workers Allege Company of Violating Labor Laws

June 21, 2022

Via: Tech Times

After two former Tesla employees filed a lawsuit alleging that the auto company had violated US labor regulations by allegedly conducting mass layoffs, Elon Musk explained on Tuesday, June 21, how many company workers would only lose their jobs. Tesla’s […]


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SpaceX Fires Employees Involved in Letter Critical of Musk, Company

June 17, 2022

Via: The Wall Street Journal

SpaceX fired several employees involved in a letter that criticized Chief Executive Elon Musk and the way the company applies internal rules, according to an email to staff from SpaceX’s president and people familiar with it. Gwynne Shotwell, SpaceX’s president, […]


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Semi market struggling, says SI

June 17, 2022

Via: Electronics Weekly

Four of the top 14 semiconductor companies (Intel, Qualcomm, Nvidia and Texas Instruments) are expecting lower revenues in 2Q 2022 versus 1Q 2022. All four cited COVID-19 related lockdowns in China as a factor. China locked down several major cities […]


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Enfamil Owner to Import Baby Formula to the U.S. to Help Alleviate Shortages

June 16, 2022

Via: The Wall Street Journal

Reckitt Benckiser RBGLY 0.88%▲ Group PLC is to import infant-formula powder to the U.S. from a facility in Singapore, in what it said is the largest contribution so far from a manufacturer aimed at mitigating a nationwide formula shortage. The […]


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Cosmetics Maker Revlon Files For Bankruptcy

June 16, 2022

Via: The Wall Street Journal

Revlon Inc. filed for bankruptcy, potentially ending a decadeslong bet on the beauty products company by Ronald Perelman, its billionaire controlling shareholder. Mr. Perelman bought Revlon in 1985 and built a reputation for always riding to its rescue when its […]