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Supply Chain Challenges

All articles tagged with #supply chain challenges

business2 years ago•1 min saved

Mercedes-Benz Faces Profit Decline and Market Pressure Amidst EV Challenges

Mercedes-Benz shares fell 6% after reporting a decline in profit and revenue due to challenges from electric vehicle competition and supply chain issues. The company's CFO described the EV market as "brutal" due to intense price competition, with some traditional automakers selling EVs for less than combustion-engine cars despite higher production costs. Group earnings before interest and taxes fell 7% in the third quarter, while passenger car sales dropped 5% partially due to supply chain challenges. Mercedes-Benz remains committed to its target of achieving 50% hybrid and EV global sales by 2025.

via CNBC|

#business #competition #evs

business2 years ago•1 min saved

United Airlines Expands Fleet with 110 New Boeing and Airbus Jets

United Airlines has placed an order for 110 additional Boeing and Airbus jetliners, securing a supply of new planes into the 2030s due to strong demand and limited delivery slots. The order includes 50 more Boeing 787 Dreamliners and 60 Airbus A321neos, with deliveries scheduled to begin in 2028. United aims to capitalize on the resurgence of international travel with its expanded fleet, while also addressing infrastructure constraints by operating larger aircraft with more seats. The airline's upsized order reflects the industry's need for fuel-efficient planes and the challenges posed by supply chain disruptions and delivery delays.

via CNBC|

#airbus #boeing #business

technology2 years ago•1 min saved

Aurora's Autonomous Trucking Triumphs and Legislative Hurdles

Pittsburgh-based company Aurora Innovation is aiming to revolutionize the trucking industry by bringing self-driving technology to trucks. While other autonomous trucking companies have scaled back or folded, Aurora is moving ahead and delivering loads for customers such as Uber Freight, FedEx, Schneider, and Werner in Texas. The company is training its system with safety drivers on routes between Dallas and Houston, and Dallas and El Paso, with the goal of launching fully autonomous trucks by the end of 2024.

via CNBC|

#aurora-innovation #autonomous-trucking #driver-shortages

defense2 years ago•2 min saved

Airbus CEO highlights Europe's defense collaboration failures amidst rising threats

Airbus CEO Guillaume Faury expressed frustration over the lack of European collaboration on major defense projects in response to Russia's invasion of Ukraine. He emphasized the need for Europe to show unity in addressing new threats and solutions, rather than relying on national responses. Faury suggested that mergers and acquisitions may not be necessary, as successful programs in the past have been based on cooperation and joint ventures. Airbus reported a decline in revenues in its defense and space division, citing delays in Space Systems and Military Air Systems. Despite supply chain challenges, Airbus exceeded analyst expectations for its half-year earnings.

via CNBC|

#airbus #defense #defense-projects

automotive2 years ago•2 min saved

"Volvo Cars to Utilize Tesla's Superchargers, CEO Explains Exclusion of Autonomous Driving Tech"

Volvo Cars CEO, Jim Rowan, has stated that the company will not use Tesla's autonomous driving technology and will instead focus on developing its own systems. Volvo Cars had previously announced an agreement with Tesla to give its electric vehicles access to Tesla Superchargers. Rowan emphasized the company's decision to be in full control of its advanced driver assistance systems (ADAS) and autonomous driving software. Volvo Cars aims to have every car it sells fully electric by 2030 and has taken full ownership of Zenseact, a business specializing in AD software. The company reported strong sales performance in electric cars, with fully electric Volvo models accounting for 16% of its total share in the second quarter. Rowan also discussed supply chain challenges, mentioning the normalization of lithium prices and improved semiconductor availability.

via CNBC|

#automotive #autonomous-driving #electric-vehicles

business2 years ago•2 min saved

Record-breaking drop in used car prices benefits dealers, not buyers

Wholesale used vehicle prices dropped by a record 4.2% in June, marking the third consecutive month of decline. This decrease eases concerns of sticky inflation and is expected to contribute to a further easing in June's Consumer Price Index. Used vehicle prices have been soaring due to inflation and supply chain challenges, but analysts had anticipated a slowdown. The average price of a used auto has increased by 35% since before the pandemic.

via Yahoo Finance|

#auto-sector #business #consumer-price-index