Latest Production facilities News

Walmart rips again in Q4 but as inflation retreats, so does customer spending per trip

Feb. 20, 2024 17:17 PM EST

NEW YORK (AP) — Walmart on Tuesday reported another quarter of strong results, as its low prices attracted shoppers looking for deals in an economically challenging environment marked by bouts of inflation. Yet inflation is fading, resulting in Walmart customers spending less per...

Walmart to acquire smart TV maker Vizio for $2.3 billion in bid to boost its advertising business

Feb. 20, 2024 14:13 PM EST

Walmart is buying the smart TV maker Vizio for $2.3 billion as it attempts to expand its rapidly growing advertising business to compete with Amazon. If completed, the deal would give Walmart access to Vizio’s SmartCast operating system, allowing the retail behemoth to offer its...

Mexican regulators recommend that Amazon wall off Prime TV, reveal its algorithms and open delivery

Feb. 16, 2024 21:03 PM EST

MEXICO CITY (AP) — Mexican regulators have recommended that online retailers Amazon and Mercado Libre reveal their algorithms and wall off TV streaming to avoid stifling competition. Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a...

Legislature and New Mexico governor meet halfway on gun control and housing, but paid leave falters

Feb. 15, 2024 22:25 PM EST

SANTA FE, N.M. (AP) — New Mexico's Democrat-led Legislature delivered on a handful of the governor's major priorities in her calls for public safety reforms, gun control, housing construction and the use of incentives to forge new solutions to climate change as lawmakers adjourned their 30-day...

Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strike

Feb. 15, 2024 17:40 PM EST

DETROIT (AP) — Last fall's contentious United Auto Workers' strike changed Ford's relationship with the union to the point where it will “think carefully” about where it builds future vehicles, Ford's top executive said Thursday. CEO Jim Farley told the Wolfe Research Global...

Plush wars? Squishmallows toy maker and Build-A-Bear sue each other over 'copycat' accusations

Feb. 14, 2024 01:23 AM EST

NEW YORK (AP) — It turns out there are lots of sharp elbows in the plush toy business. Build-A-Bear and the makers of Squishmallows are facing off in federal court. Kelly Toys and its Berkshire Hathaway -controlled parent company Jazwares have sued Build-A-Bear, saying its new...

Mexico overtakes China as the leading source of goods imported by US

Feb. 07, 2024 23:39 PM EST

WASHINGTON (AP) — For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States. The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier...

Tire recycler to open facility at Port of South Louisiana, create nearly 50 new jobs

Feb. 07, 2024 18:41 PM EST

RESERVE, La. (AP) — A European tire recycling company plans to open a $46 million processing plant at the Port of South Louisiana, state economic development officials announced Wednesday. Headquartered in Ireland, Life for Tyres Group Ltd. said it plans to start construction of...

New indoor EV charging station in San Francisco offers a glimpse into the future

Feb. 07, 2024 16:43 PM EST

DETROIT (AP) — A couple of blocks from the San Francisco-Oakland Bay Bridge, Electrify America is about to open an indoor charging station that lets drivers relax in a lounge while their electric vehicle batteries are being filled up. The 20-plug direct-current fast-charging...

Ford posts $523 million 4Q net loss on accounting charge for pensions but beats analyst estimates

Feb. 06, 2024 20:10 PM EST

DETROIT (AP) — Ford Motor Co. on Tuesday reported that it swung to a net loss in the fourth quarter due to a large accounting charge on pension plans and the effects of a six-week strike at multiple factories by the United Auto Workers union. The Dearborn, Michigan, automaker...