Chinese company Zhejiang Geely Holding Group, known as Geely, holds significant stakes in U.S.-active automakers Volvo, Polestar, and Lotus, giving it access to dealer networks and factory capacity in the U.S. Despite bipartisan opposition and high tariffs on Chinese electric vehicles, Geely benefits from its investments, including a Volvo factory in South Carolina with room to increase production. Geely's Chinese brand Zeekr is also poised for U.S. market entry, supported by partnerships like Waymo's use of Zeekr vehicles for autonomous driving tests. This strategic positioning could allow Geely to grow its U.S. presence amid political challenges and evolving market demand.
TSMC and ASML have confirmed that demand for AI memory remains exceptionally strong, but industry supply growth is limited by fully booked EUV capacity through 2028. The US and Japan are investing billions to support Micron Technology's manufacturing...
BlackRock, Carhartt, Ford Motor Company, and Google have formed the Alliance for America's Skilled Trades to expand access to skilled trades training and address the growing shortage of skilled labor in the US. This coalition aims to create pathways ...
General Motors will report its second-quarter earnings before the market opens, with analysts expecting adjusted earnings per share of $3.20 and revenue of $47.01 billion. This would represent a 26% increase in earnings per share but a slight 0.2% de...
Kurt Kromm, a Ford electrician, was wrongly accused of stealing a $1.95 pack of cookies due to a glitch in a self-checkout kiosk at Ford’s Kentucky Truck Plant. Despite showing proof of payment and being reinstated with back pay, Kromm rejected the j...
