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Rivian Raises $2.5 Billion In Bid To Build All-Electric Pickup

While other automakers have been struggling due to the COVID-19 pandemic, Tesla has fared quite well, seeing a less than 5% decrease in second-quarter sales. This result helped cause their shares to shoot up past $1,200 last week. However, the company’s rivals are now trying to respond in force. Last month, startup Nikola Motor Co. saw a massive surge, as shares rose by nearly 20% at their ...

E-Commerce Boom Means Warehouses May Be In High Demand In Upcoming Years

Online shopping was already a massively popular choice for Americans compared to traditional in-person shopping. Now, with the COVID-19 pandemic shutting down many of these in-person storefronts, shoppers were left to turn to online options for their needs. This has created a huge boost to the already-growing e-commerce sector. In fact, according to commercial real estate services firm JLL, ...

Weekly Wrap Up For July 10th, 2020

Institute for Supply Management®’s Report On Business® Series for June 2020. Hosts Lew Weiss and Tim Grady welcome Chair, Tim Fiore for a closer look at the factors that went into the Manufacturing Report On Business and this month’s PMI. Don’t miss this in-depth, exclusive interview available only on Manufacturing Talk Radio. Manufactures Begin To Plan For Post-COVID ...

Major U.S. Airlines Reach Deal With Treasury Department

With the travel industry being severely impacted by the COVID-19 pandemic, many airliners and their parts suppliers are looking for ways to stay afloat and manage costs. The American government in particular has been providing financial assistance, and now five more major airliners have reached a deal for federal aid. American Airlines, Hawaiian Airlines, Sky West Airlines, Spirit Airlines, ...

Ford Sales Fall Over 30% In Second Quarter

With automotive sales down due to the COVID-19 pandemic, many automakers have been anticipating another rough quarter. Now, the recent reports filed by those such as Ford show just how low sales dropped within the second quarter. On Thursday, Ford reported that their sales in the second quarter were down by 33.3%. Much of this is attributed to closed dealerships and wary buyers, both due to ...

Manufactures Begin To Plan For Post-COVID Industry

The COVID-19 pandemic has upended many of the standard practices of the manufacturing industry. These changes have caused many to try and find ways to keep things going despite the difficult times. Now, as places begin to try and re-open and restart their production, manufacturers are trying to plan out the changes they’ll need to make based upon the lessons they’ve learned. During the ...

Oil Prices Climb Based On Economic Data Support

Oil has remained a delicate market due to the COVID-19 pandemic and issues with overproduction. However, in a rather volatile session on Thursday, oil prices continued to climb based upon economic data indicating improvements in the U.S. economy. Brent crude, which is used as the global benchmark, rose by 1.7%, or 70 cents, to $41.01 after trading as low as $39.47. This was after a 5.4% drop ...

MFG Talk Radio Correspondent Cliff Waldman Launches a New Consulting Company

ARLINGTON, Va., June 23, 2020 /PRNewswire/ -- Cliff Waldman, whose respected research has solidified his reputation as one of the leading experts on manufacturing, has launched the consulting firm New World Economics (www.newworldecon.com). Through its products and services, New World Economics provides much-needed clarity and guidance for manufacturers at this time of massive economic uncertai...

Tesla Appears Poised To Build New Factory Outside of Austin, Texas

As it increases its operations, Tesla has been searching for additional locations to construct new factories to meet their needs. Just recently, construction began over in Germany outside of Berlin on their newest Gigafactory. Now, it appears the company is already set to secure the site of its next factory location. In their search, Tesla had narrowed its new factory location to being either ...

Ford, Fiat Chrysler Approach Pre-Virus Production Levels

With reopening plans continuing to roll out across the U.S., many companies have begun ramping up their production levels which were cut due to COVID-19. Recent news out of the automotive industry, which was one of the hardest hit by the shutdowns, could help lead to a potentially faster turn-around than previously expected. On Friday, Ford and Fiat Chrysler both announced that they expect to ...