European auto stocks slide as investors consider Trump tariffs threat
European automakers took a share price hit on Tuesday after Donald Trump threatened sweeping tariffs on China, Mexico and Canada. ADVERTISEMENTLate Tuesday morning, shares in…
Trump’s transition team aims to kill Biden EV tax credit in US: Report | Automotive Industry News
US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters…
Sai Life Sciences receives EIRs from USFDA for India R&D & Manufacturing facilities
Article contentHYDERABAD, India, Oct. 28, 2024 (GLOBE NEWSWIRE) — Sai Life Sciences, the fastest-growing Indian Contract Research, Development and Manufacturing Organization (CRDMO)[1], announced that it…
Boeing CEO lays out cautious path to turnaround as strike vote awaited | Aviation News
Boeing CEO Kelly Ortberg has laid out a cautious path to turn the company around, calling for a “fundamental culture change” at the struggling plane…
Hit by Boeing strike, supplier Spirit Aero to furlough 700 employees | Aviation News
Spirit says it does not have additional space to store the 767 and 777 fuselages it builds for Boeing planes.Spirit AeroSystems has told employees that…
Boeing shores up finances even as striking workers rally | Workers’ Rights News
In a move to shore up its sagging finances, Boeing has announced plans to raise up to $25bn through stock and debt offerings and a…
Acting US labour secretary to meet with Boeing and union to end impasse | Workers’ Rights News
Julie Su’s intervention comes days after Boeing unveiled plans to cut 10 percent of its workforce as labour negotiations came to a halt.United States Acting…
Tesla’s robotaxi event was long on Musk promises, short on details | Automotive Industry News
For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of its…
Boeing to cut 10% workforce, delay 777X delivery as strike takes toll | Workers’ Rights News
The strike is costing Boeing $1bn a month, making it critical for the firm to end the work stoppage.United States-based plane maker Boeing will cut…
India’s Ratan Tata, the man who knew how to ‘think big and bold’ | Obituaries News
A greying, slightly bent man asked for a table for two at the Sea Lounge, the iconic coffee shop at the Taj Hotels’ flagship hotel in…
Boeing, union at strike impasse as company halts talks, withdraws pay offer | Labour Rights News
The nearly four-week-old strike between Boeing and its key manufacturing union are showing no signs of a breakthrough after talks broke down, with no new…
Ratan Tata, ‘titan’ of Indian business, dies at 86 | Business and Economy News
Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was 86. Tata Sons chairman N…
Trump calls for taking other nations’ companies but lays out few specifics | US Election 2024 News
Donald Trump has pledged not only to stop US businesses from offshoring jobs, but also to take other countries’ jobs and factories in part through…
Markets lookahead: Global manufacturing PMIs, SNB, and RBA rate decision
This week is packed with key economic data and events, including manufacturing and services PMIs from major economies, alongside interest rate decisions from the Swiss…
Boeing freezes hires, weighs furloughs to cut costs in labour strike | Labour Rights News
Boeing is freezing hiring and is weighing temporary furloughs in the coming weeks to manage costs as a strike by more than 30,000 Boeing workers…
Ratings agencies warn of downgrade if Boeing strike prolonged | Labour Rights News
Boeing’s management will likely need to access new sources of liquidity in the event of a prolonged strike.Fitch Ratings and Moody’s have joined S&P Global…
Boeing workers ‘ready to go on strike’ if demands unmet | Workers’ Rights News
Boeing’s United States West Coast factory workers stood in long lines to vote on Thursday on a much-criticised new contract, some loudly calling for a…