Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
Category: Factories and Manufacturing
Boeing Will Cut 17,000 Jobs in Bid to Slash Costs
A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.
Growing Cannabis and Opium Poppies May Be Key to U.S. Securing Access to Medicine
After supply chain disruptions that made critical medicines scarce, a federal effort is underway to ensure domestic stocks of pharmaceutical ingredients.
Behind OpenAI’s Audacious Plan to Make A.I. Flow Like Electricity
Sam Altman, OpenAI’s chief executive, is talking to the United Arab Emirates, Asian chipmakers and U.S. officials to expand the computing power needed to build artificial intelligence.
Exploding Pagers Deliver a Supply Chain Warning
The attacks on Hezbollah in Lebanon are likely to generate greater momentum for moving factory production closer to home.
Boeing Faces a Steep Climb in Catching Up to Airbus
As Boeing works to address quality control issues, its new chief starts at a disadvantage in competing with the other big maker of passenger planes.
Stellantis to Lay Off Up to 2,450 at Ram Truck Plant in Warren, Michigan
The move is the latest sign of trouble for the trans-Atlantic automaker, which has had sluggish North American sales and has said it needs to cut costs.
Tesla Q2 Earnings Report Reveals 45% Profit Drop Amid Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
Boeing Agrees to Plead Guilty to Felony in Deal With Justice Department
As part of the deal, stemming from fatal 737 Max crashes in 2018 and 2019, the company agreed to pay a fine of nearly half a billion dollars and strengthen its safety programs.
U.S. Said to Seek Boeing Guilty Plea to Avoid Trial in 737 Max Crashes
The Justice Department told victims’ families that it would propose a nearly $244 million fine and three years of company oversight to settle a fraud charge.