The Big Three automakers fared well in the J.D. Power 2024 U.S. Initial Quality Study released Thursday, with General Motors and Stellantis, which makes Dodge, Chrysler, Jeep, Ram and Fiat vehicles, finishing near the top for quality, along with some Asian and European premium brands. Ram ranked as the highest brand overall for quality, followed […]
By Tim Hepher PARIS (Reuters) -Engine maker CFM’s wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely a factor in Airbus’ move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, […]
By Tim Hepher PARIS (Reuters) -Engine maker CFM’s wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely a factor in Airbus’ move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, […]
China’s commerce ministry said this week that the European Commission sought an “unprecedented” amount of detailed information on Chinese automakers’ supply chains during its anti-subsidy probe, Reuters reports. He Yadong, a commerce ministry spokesperson told a news conference that: “The type, scope and quantity of information collected by the European side was unprecedented and far […]
(Bloomberg) — China’s electric vehicle industry received at least $231 billion in government subsidies and aid from 2009 through to the end of last year, even as the amount of support per vehicle has declined, according to a new research. Most Read from Bloomberg Slightly more than half the total amount of support was in […]
Chinese foundries, such as Semiconductor Manufacturing International Corp (SMIC) and Hua Hong Semiconductor Group, are ramping up capacity amid fears of more US tech sanctions, according to an industry report. While the country’s chip makers lag behind players such as Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung Electronics in chip-processing technology, they are “actively” increasing […]
German automotive supplier Bosch has issued a stern warning to Chinese electric vehicle (EV) makers that an escalating price war would not only hurt their profitability but also dent their stature as global industry leaders. David Xu Daquan, president of Bosch China, told reporters at a media briefing on Tuesday that he had made a […]
(Reuters) -The U.S. health regulator has changed its strain recommendation for the 2024-25 COVID-19 vaccines, as it asked manufacturers to update the new shots to target the KP.2 variant, if feasible, instead of the JN.1 lineage it sought to target earlier. The Food and Drug Administration’s change in recommendation, in an update dated Thursday, comes […]
The Food and Drug Administration said Thursday it had advised drugmakers to update the Covid vaccines to target the KP.2 strain, a descendant of the highly contagious JN.1 variant that began circulating widely in the U.S. this winter. The announcement came just over a week after an FDA advisory panel voted unanimously to recommend that […]
The EU has imposed tariffs of up to 38.1% on Chinese EVs. Joe Biden also launched a crackdown on Chinese EVs last month, hitting them with a 100% tax. Trade barriers come amid fears a wave of cheap Chinese brands could take over Western markets. The EU is cracking down on China’s EV companies. The […]
(Bloomberg) — Last fall, Hershey Co. repurchased a factory outside Ottawa that it closed more than a decade earlier. Blommer Chocolate Co., a US rival, is expanding in Ontario while it shutters an 85-year-old Chicago plant. Oreo-maker Mondelez International Inc. says it has invested $250 million in Ontario manufacturing facilities just in the last few […]
(Reuters) – COVID-19 vaccine makers said data from animals studies showed their 2024-25 shots targeting the JN.1 variant that was dominant earlier this year could neutralize newer subvariants such as KP.2 much better than the older shots. This was disclosed in presentations by the companies ahead of a meeting of the U.S. Food and Drug […]