Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more
Bombardier is now the second large Canadian corporation known to have been granted an exemption from federal government sanctions on Russian titanium. The Montreal-based aircraft manufacturer, along with its European partner Airbus, can continue to use parts containing titanium produced by Russia’s VSMPO-AVISMA, based in Verkhnyaya Salda. During a conference call Thursday with reporters following the release of Bombardier’s quarterly results, CEO … Read more
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
Apple added eight Chinese suppliers and removed four contractors on the mainland during its past financial year ended September, the first time since 2021 that the US tech giant introduced more suppliers from the country than it cut, according to its newly published supplier list. Despite Apple’s recent efforts to diversify its supply chain and … Read more
The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more
Joe Biden’s administration reached an agreement to dole out a staggering $6.1 billion in government support for semiconductor manufacturer Micron Technology to produce advanced computer memory chips in New York and Idaho. Senate Majority Leader Chuck Schumer (D-NY) personally pursued US-based Micron to build what will ultimately be a set of four chip factories near … Read more
Instead of the standard, self-congratulatory acceptance speeches that are routine at many awards dinners, this year’s American Image Awards honorees were all about communal power. Presented by the American Apparel & Footwear Association, Tuesday night’s seated dinner at Gotham Hall in New York City attracted a few hundred supporters. AAFA’s president and chief executive officer … Read more
The Chinese leader was responding to an investigation Brussels launched last year into Beijing’s electric vehicle subsidies. More recently the European Commission has announced a probe into state support for Chinese wind turbines being pitched for European generation projects, which followed similar checks on rail and solar projects. He told Scholz, who was in China … Read more
As part of efforts to bolster the garment manufacturing industry and support its workers in Los Angeles, officials on Thursday unveiled a new task force and program to meet those goals. During a conference Thursday, the Garment Worker Center and the office of Los Angeles Councilwoman Eunisses Hernandez facilitated a panel discussion and provided details … Read more
Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years. The U.S. automaker had planned to start production at the Canadian plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027. Ford announced plans last year to spend $1.8 billion to … Read more
