Stock Spirits has revealed plans to close its German factory, citing operational hurdles and escalating cost pressures. This bold move aims to streamline production and enhance efficiency as the company navigates a fast-evolving market landscape
Browsing: manufacturing
(Guest Column) Experts are calling on the U.S. to act swiftly and reclaim its spot as a trailblazer in the future of the automobile industry, as China races ahead with groundbreaking advances in electric vehicles and next-generation automotive technology
China’s BYD is gearing up to electrify Hungary with a cutting-edge electric vehicle plant scheduled to open by the end of 2025, a company executive told Reuters. This exciting development signals a powerful leap in BYD’s mission to expand its manufacturing footprint across Europe
China’s export growth in August hit its slowest pace in six months, falling short of analyst predictions. This decline highlights ongoing struggles with global demand amid economic uncertainties, intensifying pressure on the world’s second-largest economy
US companies operating in China are standing their ground despite soaring tariffs, highlighting intricate supply chains and strong market connections. Many confess they feel “trapped,” as relocating operations would be both expensive and extremely difficult
Spain’s Purchasing Managers’ Index (PMI) soared in August, driven by a strong surge in demand for manufactured goods. This impressive upswing signals rising business confidence and a promising future for the country’s industrial sector
Nvidia has reportedly hit the brakes on chip production in China amid rising security concerns. Recent reports reveal that Beijing has delivered sharp warnings, underscoring the mounting tensions between the tech giant and Chinese authorities
China’s ambitious electric vehicle factories in Turkey have yet to ignite the spark of production, despite sky-high expectations. These setbacks raise concerns about supply chain hurdles and shifting market forces in the fast-evolving EV landscape
Audi employees in Germany are urging the company to pause plans for a new factory in America, demanding guaranteed jobs and fair labor conditions first. Their call highlights the critical importance of protecting workers’ rights as Audi pushes ahead with its expansion
The China shock is sending shockwaves through Germany, as a flood of imports from China intensifies pressure on local industries, triggering job losses and tightening wages. A new CEPR report uncovers the deep economic and social impacts reverberating across Germany’s manufacturing heartland
A Colorado manufacturer, proudly crafting products right here on American soil, is facing a tough battle against soaring costs fueled by tariffs on imported materials. Despite their goods being made in the USA, changing trade policies are tightening the squeeze on their pricing and testing their competitive edge in the market
Trump’s tariffs on imported goods have given Canadian and Mexican chocolate makers a delicious advantage over their US competitors, Reuters reports, as soaring costs leave American producers struggling to keep up in the global market
U.S. firms are dramatically ramping up imports of rare-earth magnets from China, with shipments skyrocketing 660% as supply chain worries mount and demand for these vital materials in technology and defense soars
Finance Minister Carney has launched a dynamic new aid package aimed at strengthening Canada’s steel industry and safeguarding workers affected by the U.S. tariffs imposed during the Trump administration, emphasizing steel as the essential backbone of our economy
Japan’s car industry has just soared to a five-year peak in robot installations, supercharging automation to conquer soaring demand and supply chain challenges, reports AI Insider. This milestone marks an exciting leap forward in manufacturing innovation
German industrial output surged an impressive 1.2% in May, surpassing analyst predictions, Reuters reports. This unexpected boost showcases the remarkable resilience of Germany’s manufacturing sector despite persistent global economic headwinds
Berlin is set to unleash a massive €4 billion in subsidies aimed at supercharging Germany’s heavy industry. This bold initiative is designed to fuel economic growth and protect jobs, positioning the sector to thrive amid rising global challenges, reports the Financial Times
India is embarking on a bold mission to break China’s dominance in rare earth magnets. By aggressively boosting domestic production and strengthening supply chains, the government aims to reduce reliance and supercharge its technology and defense sectors
China’s fierce electric vehicle battle is challenging Thailand’s ambitious local production targets, as manufacturers sprint to seize a share of Southeast Asia’s booming EV market
Foxconn has withdrawn its Chinese workforce from its India operations, disrupting Apple’s production plans amid escalating geopolitical tensions and mounting supply chain challenges, Bloomberg reports