Tag

Manufacturing

All articles tagged with #manufacturing

business5 days ago•13 min saved

Stellantis Unveils FaSTLAne 2030: A €60 Billion Drive for Growth and Profit

Stellantis announced FaSTLAne 2030, a €60 billion, five-year plan unveiled at Investor Day to accelerate growth and profitability through six pillars: sharper brand portfolio management, investment in global platforms/powertrains/technology, strategic partnerships, optimized manufacturing, execution excellence, and empowered regions. The plan envisions 60+ new launches/refreshes (including 29 BEVs) focused on Jeep, Ram, Peugeot and Fiat, about €24 billion in platforms and tech, and the rollout of new technologies (STLA One, STLA Brain, STLA SmartCockpit, STLA AutoDrive) by 2027–2030. It also targets higher capacity utilization (Europe to 80%, US to 80%), regional growth targets, and €6 billion/year in cost savings from 2028, with regional teams empowered to tailor plans and partnerships with external players.

via Stellantis.com|

#business #electric-vehicles #fastlane-2030

technology6 days ago•4 min saved

Apple's seamless hinge could set the global standard for foldables

A rumor suggests Apple's seamless hinge for the iPhone Fold could become an industry standard, with Apple potentially training Chinese manufacturers; manufacturing tests reportedly show hinge reliability issues that could delay an iPhone Fold launch into 2027, while discussion persists about an iPad Fold.

via AppleInsider|

#apple #foldable #hinge

business12 days ago•3 min saved

Goodyear to close Fayetteville tire plant, 1,700 jobs to go by 2027

Goodyear will close its Fayetteville, NC tire plant by the end of 2027, eliminating about 1,700 jobs. The company says the move is necessary to strengthen competitiveness and the long-term health of the business, and is in discussions with the United Steelworkers. City officials say they will work on retraining and job-placement efforts with local community colleges and workforce programs to help workers transition as the plant’s closure approaches.

via WRAL|

#business #fayetteville #goodyear

business13 days ago•6 min saved

Longtime Washington Camshaft Maker Relocates Amid Crime, Tax Hikes

Delta Camshaft, a Washington-based manufacturer founded in 1977, plans to relocate after 48 years due to rising crime, higher insurance and energy costs, and Washington's new millionaires tax; owner Jon Bodwell says the move could cost over $100,000 but will allow the business to continue serving customers, reflecting a broader trend of companies considering leaving Washington.

via Fox News|

#business #business-relocation #crime

market-news14 days ago•18 min saved

Archer’s Q1 Burn: Is Cash Fueling Real Progress Toward Midnight?

Archer Aviation (ACHR) starts Q1 2026 with about $2 billion in liquidity, but investors will judge cash burn by how much progress it buys, not the size of the loss. The company teams guidance for a Q1 EBITDA loss of $160–$180 million while shifting from testing to a steadier manufacturing cadence, with Covington, GA and its Stellantis partnership as key proof points. If higher spending translates into more Midnight aircraft in build and launch prep (U.S. and UAE), the burn may be smart investment; if not, the cash pile could feel like fuel that runs out. Analysts remain upbeat, with a Strong Buy rating and a target around $14.25, implying significant upside.

via TipRanks|

#achr #archer-aviation #cash-burn

technology15 days ago•22 min saved

AST SpaceMobile Advances 2026 Roadmap with Q1 Results and Big Satellite Rollout

AST SpaceMobile posted Q1 2026 revenue of $14.7 million as it accelerates a multi‑year push to deploy its space‑based direct‑to‑device broadband network. Management reiterates full‑year 2026 revenue guidance of $150–$200 million, driven by U.S. government milestones and commercial partnerships, and aims to deploy roughly 45 BlueBird satellites in 2026 with BlueBird 8–10 slated for a mid‑June Falcon 9 launch and BlueBird 11–33 in advanced production. The company highlights substantial manufacturing capacity (over 500,000 sq ft), a growing ecosystem of nearly 60 mobile network operators and government customers, and regulatory progress including FCC Supplemental Coverage from Space. Cash reserves stand around $3.5 billion. First‑quarter results show higher operating expenses (notably engineering, G&A, and SBC) leading to a GAAP net loss, with non‑GAAP adjustments provided; milestones include in‑orbit performance (Block 1 achieving nearly 99 Mbps peak speeds to unmodified smartphones) and ongoing AI edge computing work for on‑orbit management, with plans to enable global coverage across more than 100 BlueBird satellites in the coming years.

via Business Wire|

#government #manufacturing #satellites

technology17 days ago•3 min saved

Nvidia-Corning deal aims to reboot U.S. AI hardware with new optical fabs

Nvidia's Jensen Huang touts a collaboration with Corning to dramatically expand U.S. optical manufacturing for AI, including three new facilities in Texas and North Carolina that will create more than 3,000 jobs and strengthen the domestic supply chain as AI infrastructure grows.

via CNBC|

#ai-infrastructure #corning #manufacturing

business19 days ago•18 min saved

NVIDIA and Corning Forge U.S. AI Infrastructure Factories, Creating 3,000+ Jobs

NVIDIA and Corning announced a multiyear partnership to dramatically expand U.S.-based optical connectivity and fiber manufacturing for AI infrastructure, boosting capacity 10x and fiber output by over 50%, with three new plants in North Carolina and Texas and more than 3,000 new high‑paying American jobs to support NVIDIA‑accelerated data centers.

via NVIDIA Newsroom|

#ai-infrastructure #business #corning

technology19 days ago•11 min saved

NVIDIA and Corning Unveil Multi-Year Plan to Expand U.S. AI Optical Manufacturing

NVIDIA and Corning announced a multiyear partnership to expand U.S.-based optical connectivity manufacturing by 10x and fiber capacity by more than 50%, including three new facilities in North Carolina and Texas and more than 3,000 high-paying American jobs to power AI infrastructure and hyperscale data centers.

via Business Wire|

#ai #data-centers #manufacturing

business20 days ago•24 min saved

Lilly ramps up Indiana manufacturing with $4.5B push, opens first dedicated genetic medicine facility

Eli Lilly announced a further $4.5 billion in Indiana manufacturing investments across two Lebanon, Ind., sites — Lebanon API and its first dedicated genetic medicine facility, Lebanon Advanced Therapies — bringing total Indiana commitments since 2020 to over $21 billion. The Lebanon campus will include API, Advanced Therapies, and a Foundry, with the site expansion supporting current and future medicines (including Zepbound and Mounjaro) and products like Foundayo and retatrutide. The company says Lebanon API is slated to become the largest U.S. API production site when it opens in 2027, underscoring Lilly’s broader domestic manufacturing expansion and economic impact.

via investor.lilly.com|

#business #genetic-medicine #indiana

economy26 days ago•2 min saved

China’s April factory activity ticks higher, but growth softens on weaker orders

China’s official manufacturing PMI rose to 50.3 in April, beating expectations and signaling expansion, but growth cooled from March as new orders slowed. The non-manufacturing PMI contracted, while a private PMI jumped to 52.2—the strongest since December 2020—driven by solid demand and new product launches. Export orders rose, though input prices remained elevated due to oil amid Middle East tensions.

via CNBC|

#china #economy #export-orders

world-news28 days ago•12 min saved

Iran War Triggers Energy-Price Shock Slowing China's Economy

The Iran war is driving oil and gas prices higher, weighing on China’s economy with weaker consumption, a sharp drop in auto sales (about 26% in the first 19 days of April) and toy-factory shutdowns, while windfall profits in chemicals and energy cushion some sectors; analysts warn China may struggle to meet its 4.5% growth target despite energy reserves and price-shield measures.

via The Jerusalem Post|

#auto-industry #china #iran

business1 month ago•8 min saved

AbbVie Bets on Durham: $1.4B Manufacturing Campus to Create 734 Jobs

AbbVie announced a $1.4 billion investment to build a 185-acre pharmaceutical manufacturing campus in Durham, North Carolina, near Research Triangle Park, integrating advanced, AI-enabled manufacturing to support its immunology, neuroscience and oncology medicines. Construction starts in 2026 and is expected to finish by the end of 2028, creating about 734 jobs in manufacturing and laboratory roles, while generating more than 2,000 construction jobs during development. The project represents AbbVie’s largest U.S. capital investment to date and its first major manufacturing footprint in North Carolina, supported by the region’s skilled workforce.

via AbbVie News Center|

#abbvie #business #durham

technology1 month ago•3 min saved

Bezos-Backed AI Startup Aims for $38B Valuation with $10B Funding Drive

Bezos-cofounded Project Prometheus is seeking roughly $10 billion in fresh funding at a post-money valuation around $38 billion to develop 'physical AI' for real-world industrial processes; the secretive startup, led by Vik Bajaj and hiring from OpenAI and Google DeepMind, has a 50-200 person team in San Francisco and could be venturing into its first major round since last year’s $6.2 billion launch raise.

via Business Insider|

#funding #jeff-bezos #manufacturing

world1 month ago•36 min saved

Brute-Force Tech: North Korea’s Missiles in Ukraine Hint at Legacy Manufacturing That Still Works

A new forensic analysis of North Korea’s KN-23 and KN-24 missiles used in Ukraine indicates they rely on decades‑old manufacturing methods—soldering quality and assembly practices—yet remain deployable. Investigators found the missiles use off‑the‑shelf components from multiple countries due to sanctions, plus simple, low‑cost materials like graphite for heat shielding and larger, less efficient engines to achieve comparable performance. While this brute‑force approach can work, it sacrifices consistency and accuracy, highlighting how supply constraints can preserve legacy production methods even in modern weapons—and offering a lens on how legacy techniques persist in other industries as well.

via Yahoo|

#ballistic-missiles #forensic-analysis #manufacturing