month : 07/2020 22 results

Tesla Officially Announces New “GigaTexas” Factory

For months, there’s been a good bit of speculation on where Tesla would choose to build their newest Gigafactory production plant. While many believed Texas would be the new spot, Tesla remained relatively dismissive of these rumors. However, their recent announcement shows that these rumors seem to have been correct after all. On Wednesday, the company officially announced that their newest factory would indeed be built in Texas and will be the largest one yet. The nearly 2,000-acre ...

Struggling Airline CEOs Warn Recovery Hinges On COVID Vaccine

It’s been no surprise that the air travel industry has been struggling since the COVID-19 pandemic hit. Many companies have lowered prices, canceled flights, and furloughed employees in an attempt to drum up interest and save on costs. Now, the executives are warning that the industry’s recovery depends on the development of a COVID vaccine. On Thursday, both American Airlines and Southwest Airlines announced another round of quarterly losses. American announced that they made $1.6 ...

Rising COVID Cases Threaten Auto Industry Rebound

With many states entering re-opening phases following COVID lockdowns, the auto industry was beginning to get back on track. Most major manufacturers were on a path to resume normal, pre-COVID shift levels and begin producing new cars at a steady rate. However, this new rebound may be in jeopardy as it seems like a second wave is on the horizon. Many of the manufacturers are noticing a rise in employees missing work due to COVID-19 symptoms, or because they were exposed to those who have ...

Weekly Wrap Up For July 24th, 2020

In this episode of ‘Cliff Notes on the Global Manufacturing Picture’, host Cliff Waldman reviews the latest data on retail sales and industrial production as well as the latest report on U.S. manufacturing from the Institute for Supply Management.  Cliff discusses the uncertainties that can derail the embryonic U.S. manufacturing recovery including a resurgence of rapid spreading of the coronavirus, uncertainties over further federal economic stimulus and growing tensions with ...

Fiat Chrysler, PSA Group Announced New Post-Merger Name

American automaker Fiat Chrysler and French automaker PSA Group have since late last year been planning out their anticipated merger. While the COVID-19 pandemic has somewhat delayed their plans, the groups are now looking forwards following the announcement of their new, post-merger name. On Wednesday, the two companies announced that their new company name will be “Stellantis” (stylized as “STELL/\NTIS”). According to their joint statement, the name draws its influence from the ...

Wyebot Announces Support for WiFi 6 and New Security Features

Added WiFi 6 Capabilities and Detailed AP Classification Establish New Industry Standard in WiFi Automation Marlborough, MA - July 21, 2020 - Wyebot, the leader in AI-driven WiFi automation, today announced exciting new features to its award-winning, patented Wireless Intelligence Platform™ (WIP). With Version 3.0, WIP expands its security features and enhances user experience with its first-to-market support for WiFi 6 (802.11ax) and more detailed AP Classification. The Wyebot WIP ...

U.S. Industrial Output Continues to Rise Despite Virus

In response to the COVID-19 pandemic, countries have had to temporarily limit or completely shutter parts of their economies. While this has led to expected drops, the ongoing reopening processes have some optimism for a rebound. Recent data from the Federal Reserve could point to this optimism becoming a reality. According to recently released data, the Federal Reserve stated that industrial production, which includes output at factories, mines, and utilities, rose 5.4% month over month. ...