Tag: Featured

December 2, 2020

Samsung and Xiaomi were the only companies out of the top six to increase their market shares in 3Q20 while Apple fell to fourth place due to the delayed release of new iPhones Samsung with 78 million units, an almost […]

December 2, 2020

Tight inventory levels of Ford Motor’s F-150 pickup due to pandemic-related plant shutdowns earlier this year and production starting for a redesigned model led to a 20.9% decrease in the automaker’s sales in November, the company said Wednesday. The Detroit […]

December 1, 2020

U.S. manufacturing expanded at a slower pace in November, easing back from the strongest reading in two years as orders, employment and production cooled. A gauge of factory activity fell 1.8 points to 57.5, according to data from the Institute […]

November 30, 2020

Ford Motor Co. has chosen its factory in Cologne, Germany, to build a mass-market electric car based on Volkswagen Group’s MEB electric architecture, local media reports said. The automaker will invest 1 billion euros ($1.2 billion) into the factory for […]

November 30, 2020

OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market. The coalition that pumps half the world’s crude is debating […]

November 25, 2020

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a COVID-19 vaccine will lead to a swift recovery in global energy demand next year. Futures in New York on Nov. 25 rose […]

November 24, 2020

Constant and predictable heat is essential for manufacturing processes. Drying materials, heating products and keeping a building at a comfortable temperature for workers all require a great deal of energy. The recent push toward green and lean manufacturing has leading […]

November 24, 2020

Tesla Inc. is smashing through records as its impending addition to the S&P 500 Index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500 billion mark for the first time on Nov. 24. Shares […]

November 24, 2020

Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool. “The overall outlook of the trucking […]

November 23, 2020

Workers at Tesla Inc.’s California vehicle factory are deemed essential and are not impacted by the state’s latest restrictions to curb a new surge in coronavirus infections, the California health department said on Friday. Tesla and local California officials in […]