Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.
Category: Factories and Manufacturing
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4 Takeaways About Boeing’s Quality Problems
The company’s issues date back years, employees said, and were compounded by the pandemic, when it lost thousands of experienced workers.
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How Boeing Favored Speed Over Quality for the 737 Max
Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.
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Why Elon Musk Needs China
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
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Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
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Tennessee Company Hired Children to Operate ‘Dangerous’ Machinery, Officials Say
Tuff Torq Corp. of Morristown, Tenn., must pay a fine of nearly $300,000 and set aside $1.5 million in profits to compensate 10 underage workers, the Labor Department said.
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Germany’s Solar Panel Industry, Once a Leader, Is Getting Squeezed
Domestic manufacturers are caught between China’s low prices and U.S. protectionist policies, even as demand increases.
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China’s Plan to Spur Growth: A New Slogan With Familiar Ideas
As China’s leaders promote their strategy, other countries worry the country is increasing factory overcapacity and plans more exports.
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‘Strike Madness’ Hits Germany While Its Economy Stumbles
A wave of strikes by German workers, feeling the sting of inflation and stagnant growth, is the latest sign of the bleak outlook for Europe’s economic powerhouse.
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Intel to Receive $8.5 Billion in Grants to Build Chip Plants
The award, to be announced by President Biden at a plant in Arizona, is the biggest the government has made under a new program that aims to rebuild the nation’s semiconductor manufacturing industry.
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U.S. Accuses Two Men of Stealing Tesla Trade Secrets
Federal prosecutors said the pair tried to sell technology to manufacture batteries for electric cars that belonged to the company.
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Tesla’s Troubles Raise Questions About Its Invincibility
As the share price plunges, investors wonder whether the company, led by Elon Musk, can withstand intensifying competition.