Adidas plans to close high-tech "robot" factories in Germany and the United States it launched to bring production closer to customers, saying on Monday deploying some of the technology in Asia would be "more economic and flexible".
All-new facility to be ready within a year from now and will start production of Lucid Air in late 2020.
While some of the decline was attributed to temporary factors like the General Motors strike, the downturn is part of a much broader trend that has intensified in the wake of the U.S.-China trade war.
Following August's surprise surge in industrial production, September saw a big disappointment with headline output dropping 0.4% MoM (twice as bad as the 0.2% drop expected).
A third of auto loans in 2019 had a term period over six years. People cannot afford the cars they are buying.
With China, Europe, and Japan Manufacturing PMIs are all signaling contraction, US Manufacturing PMI dropped to its weakest since September 2009 (at 50.4 vs 50.6 prior) and ISM Manufacturing tumbled to 51.2 - the lowest since Aug 2016.
Last year, I decided to treat myself to a set of really good wrenches. After a lot of research, I narrowed my list to three manufacturers that, while not widely known, got rave reviews on obscure forums where professional mechanics gather. Then I not
The G20 summit has not generated unexpected or significant headlines and, of course, is not a catalyst for a relevant change in the global economic trends. The United States and China have only agreed to postpone tariff increases, but no real trade a
Following (slightly) better-than-expected European PMIs, expectations for US PMIs was for some stabilization after May's collapse but they did not. Both preliminary Manufacturing and Services PMIs for June dropped further, edging closer to contrac
Following the US Services sector's collapse (and Canada and China's plunge), US Manufacturing's soft survey data tumbled in May.
This problem of modern productivity has been an open question for me for decades. It turns out that any log passing through our cutting system does several things; 1] Half the material ends up in the chipper 2] Real strength is variable, as
Figure: Graphene-based wearable e-textiles move closer to commercial production. The new technique could allow graphene e-textiles to be manufactured at commercial production rates of 150 meters per minute, researchers said. "To be able to produce
Oct.17 -- Tesla's Model 3 boasts the best technology and motor of any electric vehicle, but a team of engineers in Detroit say there's a major flaw in the car's design that's hurting Tesla's profit margins. Bloomberg Television's Ed Ludlow reports.
The Semi will share many components with the Model 3. The Semi will use four Model 3 electric motors and the two touchscreens on the driver's console.
Our goal is the same as the U.S. Administration: we want a level-playing field when it comes to trade, and we are working with government officials to find the best solution for our company and our brand.
While both careful not to specifically cite the politically unwise 'tariffs', Boeing, GM, and Fiat Chrysler stocks are plunging in the pre-market after trade war-related impacts caused missed earnings or lowered outlooks.