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May 24, 2022

production

New ATF report shows annual American gun production nearly tripled in 20 years

CNN
USA TODAY – For more and to sign up click here The report, dubbed by the Biden administration as the first study of firearms trafficking in more than 20 years, was issued days after a mass shooting in Buffalo, where the alleged gunman had three legally purchased firearms in his......

Biden invokes Defense Production Act to boost baby formula manufacturing to ease shortage

CNBC
CNBC – For more and to sign up click here President Joe Biden on Wednesday invoked the Defense Production Act to increase baby formula manufacturing to ease a nationwide shortage caused by the closure of a key plant in Michigan. Biden is requiring suppliers to direct ingredients to baby formula......

Biden invokes Defense Production Act to increase infant formula supply

Reuters
WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed U.S. agencies to use......

ESPN Announces Production on 30 for 30 About Ravens’ 2000–01 Season

Sports Illustrated
SI – For more and to sign up click here Madison Williams ESPN Films announced Tuesday that the company began production on a 30 for 30 documentary focusing on the 2000–01 Ravens. ESPN’s press release explained why this iconic team was chosen for the documentary, which is supposed to mimic the......

Michigan baby formula plant owner reaches deal with FDA to restart production

Detriot News
Detroit News – For more and to sign up click here Washington — Baby formula manufacturer Abbott said Monday it has reached a consent agreement with federal regulators to restart its plant in Sturgis, Michigan, where a recall has helped to fuel a nationwide formula shortage.  Abbott said it could restart......

Go-Forth Pest Control Film Production Team Places in Top 2022 Hermes Creative Awards Competition

@BreaknNews
 GREENSBORO, N.C. – May 13, 2022 – — Out of more than 6,500 submissions throughout the United States and dozens of other countries, Go-Forth Pest Control was named a Platinum and Gold winner in the 2022 Hermes Creative Awards international competition. The Hermes Creative Awards recognize outstanding work in the......

ADM to undergo starch production capacity expansion

FoodBusinessNews
MARSHALL, MINN. — ADM will significantly expand starch production at its Marshall, Minn., corn processing facility to meet fast-growing demand from food, beverage and industrial customers and to support the continuing growth of its BioSolutions platform, the company announced May 12. ADM, a global leader in nutrition and sustainable solutions,......

EV maker Rivian stands by production target despite supply-chain snarls

Reuters
Rivian CEO R.J. Scaringe introduces his company’s R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Rivian Automotive Inc (RIVN.O) on Wednesday reaffirmed its annual production forecast......

Rivian stock jumps as the EV automaker says demand remains high and production is on track

CNBC
CNBC – For more and to sign up click here Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to......

Shanghai’s big automakers saw production plunge by 75% in April after lockdowns began

CNBC
CNBC – For more and to sign up click here Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t mean the factories can operate at full capacity. Tian Yuhao | China News Service | Getty Images BEIJING — Auto production......

Tesla production lags in Shanghai due to parts shortages, Covid restrictions

CNBC
CNBC – For more and to sign up click here Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of......

Toyota to slash production plan, suspend some domestic operation due to COVID lockdown in China

Reuters
A Toyota Motor Corp. logo is seen on a car at the International Auto Show in Mexico City, Mexico November 23, 2017. REUTERS/Henry Romero Register now for FREE unlimited access to Reuters.com Register TOKYO, May 10 (Reuters) – Toyota Motor Corp (7203.T) said on Tuesday it would suspend operations on......

Exclusive: Tesla halts most production at Shanghai plant on Tuesday – memo

Reuters
Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Plant to produce less than 200 cars on Tuesday – memo Plant halted work due to supplies issues......

Nikola reports start to production and surprise revenue for Q1, expects to deliver at least 300 EV trucks in 2022

CNBC
CNBC – For more and to sign up click here Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said it expects to deliver between 300 and 500 of its battery-electric semitrucks in 2022, after moving its first vehicles off the production line during the first quarter. Production......

OPEC+ seen likely to agree to another modest production increase after EU outlines Russian oil ban

CNBC
CNBC – For more and to sign up click here Led by OPEC kingpin Saudi Arabia, the OPEC+ energy alliance swiftly agreed in late March to raise its output targets for May. SOPA Images | LightRocket | Getty Images Oil producer group OPEC+ on Thursday is seen as likely to......

Ukraine, Russia production critical to restoring global food security, UN chief says

Reuters
ABUJA, May 4 (Reuters) – U.N. Secretary-General Antonio Guterres said on Wednesday the problem of global food security could not be solved without restoring Ukrainian agricultural production and Russian food and fertilizer output to the world market. Russia’s invasion of Ukraine in February has added to volatility in financial markets,......

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