All articles tagged with #production
Volkswagen will stop ID.4 production at its Chattanooga, Tennessee plant to shift output to the Atlas in pursuit of higher‑volume North American growth. ID.4 inventory will continue to be sold, and VW plans a future ID.4 with details to come, while the company also explores a new high‑volume vehicle tailored to U.S. needs.
Nintendo is reportedly cutting Switch 2 production to four million units this quarter (down from six million) after weak holiday sales, especially in the US, with reductions expected to continue into April. The move sent shares lower, though Nintendo says it remains confident in the console's long-term prospects. Separately, a revised EU Switch 2 with a replaceable battery is planned to meet the 2027 EU rules.
Nintendo plans to produce four million Switch 2 units this quarter (down from six million) due to weakening US demand, but remains confident in hitting 19 million units for the fiscal year; the slowdown follows a record launch and comes with higher memory costs and potential price rises, while Bloomberg notes export delays could push production back up and a Europe-bound battery-replaceable variant is in the works.
The U.S. Mint is poised to begin producing a commemorative coin honoring former President Donald Trump.
Honda says it is canceling three near-production EVs—the Honda 0 SUV, the Honda 0 sedan, and the Acura RSX—built on its own Zero platform at the Ohio EV Hub, and will redirect resources to next-generation hybrids, launching EVs only when demand justifies it. The company cites slower US EV demand amid changes to federal tax credits and tariffs, plus stiffer competition in China and shorter production cycles elsewhere. A May strategy update is planned, with expansion in India on the horizon. The restructuring could cost up to 2.5 trillion yen, and top executives will take pay cuts as Honda refocuses its EV efforts.
Banijay Group and All3Media have closed a strategic merger to form an $8B production powerhouse, uniting hits like The Traitors, Big Brother, Survivor, Peaky Blinders and films such as Hamnet. The merged group is expected to generate over €4.4B in 2024 revenue with pro forma revenue around €7.4B and €690M EBITDA, bringing together more than 130 production companies and over 260,000 hours of programming. Marco Bassetti will serve as CEO of the new entity, Jane Turton as Deputy CEO, and Jeff Zucker as Chairman, with close anticipated by fall. The deal, backed by RedBird IMI, aims to scale global output, formats, live events, and investment in new platforms across a broader international slate.
OPEC has raised its oil output to help stabilize global markets amid rising tensions in the Middle East and related demand concerns tied to recent U.S.- and Israeli actions.
Jonathan Majors is reportedly shooting an untitled action movie in South Carolina for The Daily Wire, produced by Ben Shapiro and Dallas Sonnier, with a script by Kyle Rankin; described as reminiscent of Red Dawn and Toy Soldiers, it’s unclear whether it will premiere in theaters or on Daily Wire’s streaming service, and this marks Majors’ first project in four years since his domestic-violence conviction.
Apple has reportedly ordered production lines for a foldable iPhone, indicating a launch this year. Leaks from a Chinese Weibo source claim a 7.8-inch inner display with a crease depth under 0.15 mm and a crease angle under 2.5 degrees, using a Samsung-developed panel described as virtually crease-free. The device is expected to pair a 7.8" main display with a 5.5" cover display in a book-style design, and could debut alongside the iPhone 18 Pro models in September. Claims come from an unverified leaker and have not been independently confirmed.
Lucid reported Q4 FY2025 results with adjusted EPS of -$3.08 (miss vs -$2.67 est) but revenue rose 123% YoY to $522.7 million, beating expectations. The company delivered 5,345 vehicles in Q4 and 15,841 in 2025; full-year revenue was $1.35 billion with about $4.6 billion in liquidity. Production nearly doubled and management cited improved manufacturing and the Gravity SUV ramp as drivers. For 2026, Lucid guides to 25,000–27,000 vehicles; GAAP net loss was $3.62 in Q4 and $12.09 for 2025. Shares fell after hours, and analysts maintain a Moderate Sell rating with a $12.67 target (~30% upside).
Saab proposes a Gripen production hub in Canada large enough to supply the Canadian Air Force and export customers, with initial aircraft built in Sweden and later in Canada to reach about 36 planes per year. Ottawa is reviewing a mixed F-35/Gripen fleet after committing to 88 jets (16 ordered). Saab has touted up to 10,000 Canadian jobs and pledged local sustainment with Canadian partners, and signaled potential orders from Ukraine if the facility is established; the plan aligns with the company’s push for a "Made-in-Canada Fighter".
WWE is reportedly scrapping a production element for future shows, a move that could alter how events are staged and televised; details on which element is being removed aren’t specified and there’s no official confirmation yet.
Chevron beat Q4 2025 estimates with adjusted EPS of $1.52 on $46.87B revenue; net income was $2.77B. The company says it could ramp Venezuelan output by about 50% in 18–24 months under a U.S. Treasury license, signaling upside as global production rose to record levels. Shares slipped about 1% in premarket trading.
Goldfrapp describe creating Ooh La La as a glam-rock ode built around a minimal, one-note groove, layered with vocoder voices for a synthetic edge; lyrics draw from personal relationship feelings, Baudelaire, and a 1950s-film heel-break image, with Portishead’s Adrian Utley adding guitar. The video centers on an imagined glam band, and the track endures in media use (including sex scenes) thanks to its simple, synth-driven vibe and a lo-fi, non-London recording approach, culminating in Spike Stent’s mixing that keeps the sound timeless.
Tesla boss Elon Musk says the Cybercab robotaxi and Optimus humanoid robot will have an agonizingly slow initial production ramp due to new parts and processes, a setback investors are watching as the company ties much of its valuation to these ventures; the roundup also notes Congress seeking to claw back $879 million in federal EV‑charger funding, Scout Motors facing a Colorado lawsuit over its direct‑to‑consumer sales plans, and a debate over an insurance discount tied to Full Self-Driving.