In an executive order, President Trump is aiming to punish defense contractors that don’t deliver weapons quickly enough.
Category: Factories and Manufacturing
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G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions
General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.
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Can You Reboot a Lamp Like a Superhero Franchise?
Riding an endless wave of nostalgia, one company is exhuming the intellectual property of midcentury designers to create new audiences for forgotten work.
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Volkswagen to End Production at German Plant, a First in Company History
The auto giant stopped making cars at the plant in Dresden, which opened in 2001, as it faces weaker demand and steep U.S. tariffs.
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Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans
Ford Motor said the costs come from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries.
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China Approaches First Investment Decline in 3 Decades
A broad measure of investment fell more than 10 percent in November, continuing a recent reversal and signaling the depth of China’s property crisis.
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Historic Shift Underway in China’s Economy as Investment Slump Deepens
Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world.
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Trump’s Tariffs Shrank the U.S. Trade Deficit in September
U.S. imports and exports ticked up from lows the previous month when the president’s global tariffs went into effect, while the trade deficit continued to fall
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Boeing Completes Acquisition of Spirit AeroSystems, a Major Supplier
The aerospace company is buying Spirit AeroSystems, which makes the bodies of the 737 Max jet, two years after a part of that plane blew away during a flight.