Latest news with #factories
Wall Street Journal
2 days ago
- Automotive
- Wall Street Journal
Inside China's Dark Factories Where Robots Run the Show
Inside China's 'dark factories,' robots help to build electric cars around the clock, transforming Chinese EV industry into an existential threat to American and global automakers. Photo: WSJ
Bloomberg
3 days ago
- Business
- Bloomberg
US Industrial Production Rises on Pickup in Utility Output
US industrial production rose in June, boosted by a jump in utility output and a modest gain in manufacturing. The 0.3% increase in production at factories, mines and utilities followed little change a month earlier, Federal Reserve data showed Wednesday. The median estimate of Bloomberg survey of economists called for a 0.1% increase.
Argaam
6 days ago
- Business
- Argaam
9,991 operating plants in Saudi Arabia by Q4 2024; investments cross SAR 966B
Saudi Arabia had 9,991 factories in operation by the end of Q4 2024, employing around 980,000 workers and attracting more than SAR 966 billion in total investments, according to the Ministry of Industry and Mineral Resources' (MIM) annual report. The factories comprised domestic, foreign, and joint ventures, with joint ventures dominating at 94% of total investments, equivalent to SAR 956.6 billion in capital, according to the breakdown provided in the table below.
Bloomberg
08-07-2025
- Business
- Bloomberg
Why Your Screen Is Full of Amazon Prime Day Advice
If your inbox is anything like ours, it's been pinging all morning with emails promising help finding the best savings for Amazon's Prime Day. Today, Hannah Miller gets a little meta, writing about what publishers of such newsletters and articles get out of the deal. Plus: What Indian states are doing to attract new factories, and how some author services companies prey on hopeful writers. If this email was forwarded to you, click here to sign up.
NHK
08-07-2025
- Automotive
- NHK
Nissan plans to raise $5.1 billion by issuing new bonds
Nissan Motor plans to raise about 750 billion yen, or around 5.1 billion dollars, by issuing new corporate bonds to cover the costs of repaying outstanding bonds and developing electric vehicles. The struggling Japanese automaker posted a massive net loss of more than 670 billion yen, or about 4.6 billion dollars, in the fiscal year that ended in March. The company needs to finance the redemption of bonds maturing this fiscal year, for a total of about 3.8 billion dollars. Nissan announced a plan on Monday to raise about 1 billion dollars by issuing convertible bonds. It also plans to sell straight bonds worth about 4.1 billion dollars. The funds from new bond sales will be invested in growth areas such as development of electric vehicles and next-generation cars that can be upgraded through software updates, and for redemption of existing bonds. Nissan earlier announced that it will cut its group-wide payroll by 20,000 workers and close seven factories in and outside Japan. Analysts are closely watching whether Nissan can implement an effective growth strategy to rebuild the company.
