Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls
Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.
Factory Output Rises Slightly, Limited by Auto Production
Production at U.S. factories barely rose in August as a drop in motor vehicle assemblies masked a rebound in output of other consumer goods and business equipment.
Factory Production Rebounds in April After March Slump
Production at U.S. factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.
Factory Gauge Falls to Lowest Since May 2020
The U.S. manufacturing downturn deepened in January, fueled by a further pullback in orders and factory production.
Toyota Hits Record November Output, but Shortages Loom
Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in COVID cases in China.
Factory Output Increases for First Time in Three Months
Production at U.S. factories increased in July for the first time in three months, propelled by a pickup in motor vehicle output that masked more mixed results in other categories.
Factory Output Surprises With First Decline in Four Months
U.S. factory production unexpectedly declined in May for the first time in four months, restrained by supply challenges and hints of cooler demand for some big-ticket consumer goods.
US Factory Output Rises as Firms Navigate Supply Constraints
Production at U.S. factories rose modestly in January, suggesting manufacturers gradually are working through pandemic-related shortages of materials and labor that hobbled output in the prior month.
Factory Output in US Increases at Solid Pace in Broad Advance
Output at U.S. factories solidly advanced in November, suggesting an easing in capacity constraints is helping manufacturers ramp up production.
Factory Output Rises More Than Forecast
Production at U.S. factories rose in October by more than forecast, bouncing back from the effects of Hurricane Ida and suggesting manufacturers are having a better time addressing materials shortages.