Category : Search result: manufacturing PMI


Hyundai defies Trump, keeps Georgia EV plant on track

South Korean automotive giant Hyundai Motor confirms it will continue operations at its massive electric vehicle plant in Georgia, despite former President Donald Trump's threats against automakers employing union labour.

UK Car Production Crashes to Lowest Level Since 1980s

UK car manufacturing output nosedived in 2023, hitting a multi-decade low. Brexit trade barriers and a crippling global semiconductor shortage are blamed for the steepest annual decline in production since the 1980s.

Uganda Opens Pioneering mRNA Vaccine Facility

Uganda has inaugurated Africa's first major mRNA vaccine facility, a historic step towards medical self-reliance, combating diseases from COVID-19 to HIV, and reducing the continent's dependency on foreign pharmaceuticals.

Trump Business Empire Hit by Severe PMI Crash

A closely watched survey reveals a dramatic downturn in the business health of companies linked to Donald Trump, with a key performance metric collapsing to its lowest level in months, signalling severe financial distress.

Cyber Attack Halts Jaguar Land Rover Production

UK automotive giant Jaguar Land Rover is reeling from a sophisticated cyber attack that has forced a complete shutdown of its production systems, causing major delays for customers awaiting new vehicles.

Kraft Heinz Announces Shock Company Split

In a dramatic reversal of its famed merger, Kraft Heinz confirms it will split into two separate US-listed companies. We analyse the strategy behind the breakup and what it means for the future of the iconic food brands.

Bosnian refugees build £15m food empire in UK

Two brothers who fled the Bosnian War with just £300 have built a £15 million food manufacturing business in the UK, employing 150 people and supplying major supermarkets.

Trump Tariffs Threaten Kentucky iPhone Factory Jobs

Exclusive report from Harrodsburg, Kentucky, where a major Apple supplier's factory is on the brink due to proposed Trump tariffs on Chinese imports, threatening hundreds of local jobs and revealing the human cost of global trade wars.

Lotus Slashes UK Jobs, Blaming Trump Tariffs

British sports car maker Lotus is slashing a significant number of jobs at its UK headquarters, citing the severe impact of new US tariffs. The move sends shockwaves through the already struggling British automotive sector.

Iconic British car brand set for shock revival

In a stunning revival, a beloved British car marque is poised for a dramatic comeback, with plans to resurrect its iconic miniature vehicles, safeguarding UK jobs and electrifying the automotive industry.

Lotus to Cut 200 Jobs in Major Electric Vehicle Restructure

Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.

UK Car Production Surges 10% on EV and Export Demand

UK car manufacturing roared back to life in February with a 10% year-on-year increase. Driven by soaring demand for electric vehicles and robust exports, the industry signals a strong recovery, though domestic market challenges remain.

US Probes 1.7M Honda Vehicles Over Engine Failure Risk

US safety regulators have launched an investigation into potential engine failures affecting more than 1.7 million Honda and Acura vehicles. The probe centres on dangerous stalling risks linked to serious manufacturing defects.

Foxconn & NVIDIA to Build AI Mega-Factory in Taiwan

Taiwanese tech giant Foxconn partners with NVIDIA to construct a colossal new AI data centre, boosting the island's status as a global tech hub amidst ongoing political pressures from China.

Sanjeev Gupta's GFG Steel Empire Collapses

The dramatic collapse of Sanjeev Gupta's GFG Alliance, from its Yorkshire roots to its global ambitions, is a cautionary tale of debt, hubris, and the high-stakes world of industrial finance.

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