production

Fiat Temporarily Suspends Production of Electric 500

3 days ago

Fiat, the renowned Italian automobile manufacturer, has announced a temporary halt in the production of its electric version of the Fiat 500. This decision was influenced by a significant decrease in demand for electric vehicles in the European market. Reports indicate that the factory located in Tychy, Poland, where the Fiat 500 electric vehicles are manufactured, is currently facing challenges associated with achieving optimal production levels.

Ford Cuts Explorer and Capri EV Production, Focusing Efforts on Other Models

17 days ago

Ford has announced a significant reduction in the production of its new electric vehicles, the Explorer and Capri models. This decision comes in response to a reassessment of market demand and current economic conditions, which forced the automaker to revisit its electrification strategies.

Nissan Cuts Jobs and Reduces Production Amid Rising Costs and Falling Demand

23 days ago

Nissan has announced plans to cut jobs and reduce production at its plants. This decision is related to the need to adapt to market changes, rising production costs, and falling vehicle demand. Nissan has already begun the process of laying off 12,500 employees worldwide, which accounts for approximately 9% of its total workforce.

Prices of Polysilicon Expected to Rise Due to Production Cuts in China

2 months ago

Recently, sharp changes in price forecasts for polysilicon, a key component for solar panels and semiconductors, have reverberated through stock markets and among analysts. This shift in expectations is attributed to new decisions made by Chinese manufacturers to reduce production volumes. These measures, aimed at maintaining market stability, raise concerns about a potential shortage of this critical material in the near future.

Pentagon Allocates $269 Million for Military Chip Research

2 months ago

The U.S. Department of Defense has announced the allocation of $269 million for the funding of research and development in the field of semiconductors needed for military applications. This initiative is part of a program aimed at strengthening the country's manufacturing capabilities in the face of growing global competitors in the technology sector, such as China.

U.S. Industrial Production Rebounds After Hurricane-Related Drop

2 months ago

Recent statistics reveal that industrial production in the United States has shown a significant recovery in August, partly due to the decline in volumes from the previous month caused by Hurricane Harley. According to the Federal Reserve, manufacturing output rose by 0.4% in August, which came as a pleasant surprise for economists and analysts who were expecting more modest results.

Chip Shortages Lead to Tense Relations Between NVIDIA and Customers

3 months ago

In a recent interview, NVIDIA's CEO Jensen Huang spoke about the tense relations with customers due to the ongoing semiconductor shortages. This issue has been protracted for many months, and the company truly requires more time to meet the needs of its partners and end users.

Brazil Kicks Off Third Quarter with Drop in Industrial Output

3 months ago

The economic situation in Brazil continues to raise concerns as a significant decline in industrial output was recorded at the beginning of September. According to recent data, industrial activity fell by 0.7% in July 2024 compared to the previous month. This downturn is attributed to several factors, including worsening external economic conditions and internal challenges facing the sector.

Zimbabwe Faces Urgent Need for $1.6 Billion to Revive Crop Production After Drought

3 months ago

Zimbabwe is currently grappling with a significant agricultural crisis, driven by the effects of an extensive drought that has devastated crop yields. As the country strives to recover from this agricultural setback, it has identified an urgent requirement for approximately $1.6 billion. This financial boost is deemed essential to revitalize its crop output, which has suffered dramatically due to the harsh climatic conditions.

Ginetta Unveils Production of Hypercar Akula

3 months ago

The British company Ginetta has officially announced the start of production of its new hypercar Akula, which was first showcased at the auto show in 2020. This impressive vehicle is designed not only for the road but also for track racing, making it a unique offering in the high-performance car market. The Akula is powered by a robust 6.0-liter twin-turbo V8 engine that provides exceptional performance and speed. The development of the vehicle has been extensive, with Ginetta putting significant effort into combining sleek design with high performance metrics.