Category: Factories and Manufacturing

China’s Economy Will Expand About 5 percent, A Cautious Target

Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.
Tesla Could Start Making Cars in Mexico Next Year, Governor Says

The governor of Nuevo León said a Tesla official had told him that the company’s plant there would be among its biggest and go up in record time.
Leave Russia? A Year Later Many Companies Can’t, or Won’t.

Not all Western companies packed up and left Russia after its invasion of Ukraine. Some say Moscow has tied their hands, while others choose to stay put.
Whiskey Fungus Fed by Jack Daniel’s Encrusts a Tennessee Town

The dark growth, fed by alcohol vapors from barrels of aging Jack Daniel’s whiskey, has coated homes, cars, patio furniture and road signs in a sooty crust, residents said. One woman is suing Lincoln County.
Tesla to Unveil New ‘Master Plan’ in Bid to Regain Momentum

Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.
China’s Factories Report Surge in Activity After Lockdowns End

Manufacturing activity rose in February to its highest level in more than a decade, bolstering China’s recovery after restrictions paralyzed much of the country.
Biden’s Semiconductor Plan Bets on Federal Aid to Change Corporate Behavior

The administration says the conditions it has attached to $40 billion in new subsidies will help U.S. semiconductor makers compete globally. Some economists disagree.
Rivian Lost $6.8 Billion Last Year as Production Fell Short

The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.
What is in the CHIPS Act, Aimed at Childcare Expansion and National Security

A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
The CHIPS Act Is About More Than Chips: Here’s What’s in It

A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well
Biden Administration to Impose Financial Restrictions for Chip Makers

Guidelines to be released Tuesday will include firm financial requirements to try to ensure that chip makers don’t waste federal money.
To Tap Federal Funds, Chip Makers Will Need to Provide Child Care

The move seeks to help more women join the work force as industry leaders complain of labor shortages.