February 24, 2022 10:20 am
5G wireless operations have the potential to affect radio altimeters in most Boeing 737 aircraft and also affect crew workload and jet landings, according to a government notice posted online on Wednesday. The notice stated that the aircraft’s “radio altimeters cannot be relied upon to perform their intended function if they experience interference from wireless […]
Read moreFebruary 24, 2022 8:01 am
Tesla Inc (TSLA) intends to increase parts production at its Shanghai facility in an attempt to meet rising demand for exports, a document filed with the city government showed. The document stated that the US electric car maker would add production workshops, hire more workers and lengthen the time equipment is operational. At present, Tesla’s […]
Read moreFebruary 23, 2022 11:24 am
Air Canada said earlier this week it would expand its North American network for the upcoming summer, as the company’s post-COVID recovery picks up. With the launch of new service on 4 trans-border and 3 domestic routes, along with the restoration of 41 North American routes, the airline will operate to 51 Canadian and 46 […]
Read moreFebruary 23, 2022 8:21 am
iPower Inc (IPW), a leading online hydroponic equipment supplier and retailer, said on Tuesday it had acquired Anivia Limited, a British Virgin Islands company, in a deal valued at $12 million. Anivia Limited has a 100% interest in iPower’s biggest global co-engineering partner, Daheshou Shenzhen Information Technology Co Ltd. (DHS). DHS is a China-based service […]
Read moreFebruary 22, 2022 6:48 am
Auto parts supplier Faurecia said on Monday that it expected a surge in annual sales and that industry-wide semiconductor shortage would likely ease in the second half of 2022. The French company, which supplies car seats, dashboards and fuel systems to auto makers, now forecasts full-year sales within the range of EUR 17.5 billion to […]
Read moreFebruary 18, 2022 10:39 am
Telecom operator Orange SA (ORAN) said earlier this week it expected to return to core profit growth in 2022, after last year’s results were affected by lower returns from co-financing deals and intense competition in the Spanish market. France’s Orange forecasts earnings before interest, tax, depreciation and amortization after leases (EBITDAaL) to increase by between […]
Read moreFebruary 17, 2022 11:35 am
Barrick Gold Corp announced yesterday a share repurchase program of up to $1 billion and raised dividend payout, as it reported better-than-expected fourth-quarter results. Total revenue went up 17% from the prior quarter to $3.310 billion, while exceeding a consensus of analyst estimates of $3.147 billion. Excluding special items, the company earned $0.35 per share […]
Read moreFebruary 16, 2022 10:21 am
General Motors Co (GM) announced yesterday that it would extend a production halt to its Chevrolet Bolt electric vehicle until early April after a recall. Last August the company widened a recall of the Bolt to over 141,000 vehicles so that it can replace battery modules following multiple reports of fires in parked vehicles. “We […]
Read moreFebruary 16, 2022 7:19 am
The China Passenger Car Association said earlier this week Tesla Inc (TSLA) had sold 59,845 China-produced vehicles in January. That followed 70,847 China-made vehicles sold in December. Tesla is manufacturing Model 3 sedans and Model Y Sport-utility vehicles at its Shanghai facility. The CPCA said China-based passenger car sales totaled 2.11 million units in January, […]
Read moreFebruary 14, 2022 12:41 pm
Stellantis said last week that it would recall 19,808 plug-in hybrid minivans and advised owners to refrain from recharging them, as it had received reports of 12 cases of fire eruption in parked vehicles. The recall is to affect Chrysler Pacifica Hybrid vehicles manufactured in 2017 and 2018. 16,741 vehicles will be recalled in the […]
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