Latest news with #production
ABC News
15 hours ago
- General
- ABC News
The Karl Popper Memorial Lecture
28m ago 28 minutes ago Sat 31 May 2025 at 9:45pm Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Play Duration: 18 minutes 13 seconds 18 m
LBCI
20 hours ago
- Business
- LBCI
OPEC+ announces sharp increase in July oil production
Saudi Arabia, Russia, and the six other OPEC+ members announced on Saturday a huge increase in crude production for July. They will produce 411,000 barrels a day — the same amount as in May and June — according to a statement, which is more than three times the group had previously planned. AFP
CNN
2 days ago
- Business
- CNN
Rampaging raccoons add to Airbus factory headaches
A family of raccoons recently broke into an Airbus factory in Canada, adding an unusual headache to the planemaker's more familiar troubles with parts shortages and supply chain snags. Five of the baby mammals were found inside the plant near Montreal, which produces A220 airliners, sources told Reuters, after their mother was spotted climbing the landing gear of a jet being produced for a European airline. 'A guy came face to face with the raccoon, after having entered the plane,' a factory worker said. A second source said damage included urine and chewed wires. Workers on the overstretched assembly line had to be pulled off normal jobs to undertake the time-consuming task of quarantining the first jet and inspecting for damage from the furry intruders, which are known for foraging in trash cans for food. Airbus confirmed the discovery of a family of raccoons on one plane but declined to say whether they had further delayed production or caused any damage. 'The aircraft is pursuing its assembly process,' a spokesperson said, adding measures had been put in place to ensure safety and quality. While the incident is only a temporary headache, it comes as Airbus is scrambling to speed up production, having warned airlines that it faces another three years of delivery delays as it works through a backlog of supply-chain problems. Recent snags include missing engines, late arrivals of components and delayed interiors, Airbus has said. But rarely have its contingency plans had to deal with stray omnivores at the rural plant. 'We had to open everything back up to inspect,' explained the second source. Airbus said the animals had been removed to a safe location.
CNN
2 days ago
- Business
- CNN
Rampaging raccoons add to Airbus factory headaches
A family of raccoons recently broke into an Airbus factory in Canada, adding an unusual headache to the planemaker's more familiar troubles with parts shortages and supply chain snags. Five of the baby mammals were found inside the plant near Montreal, which produces A220 airliners, sources told Reuters, after their mother was spotted climbing the landing gear of a jet being produced for a European airline. 'A guy came face to face with the raccoon, after having entered the plane,' a factory worker said. A second source said damage included urine and chewed wires. Workers on the overstretched assembly line had to be pulled off normal jobs to undertake the time-consuming task of quarantining the first jet and inspecting for damage from the furry intruders, which are known for foraging in trash cans for food. Airbus confirmed the discovery of a family of raccoons on one plane but declined to say whether they had further delayed production or caused any damage. 'The aircraft is pursuing its assembly process,' a spokesperson said, adding measures had been put in place to ensure safety and quality. While the incident is only a temporary headache, it comes as Airbus is scrambling to speed up production, having warned airlines that it faces another three years of delivery delays as it works through a backlog of supply-chain problems. Recent snags include missing engines, late arrivals of components and delayed interiors, Airbus has said. But rarely have its contingency plans had to deal with stray omnivores at the rural plant. 'We had to open everything back up to inspect,' explained the second source. Airbus said the animals had been removed to a safe location.
Globe and Mail
2 days ago
- Automotive
- Globe and Mail
Ford Stock (NYSE:F) Posts Small Gain After Unexpected Shutdown on Explorers
The Ford Explorer might be one of the biggest developments at legacy automaker Ford (F) since the Mustang, or even the Model T. It represented a fundamental change in the way people bought cars that is still reflected today. And recently, the Ford Explorer found its production halted for want of one very important and very unlikely nail. That revelation did not slow down Ford shareholders, though, as they gave shares a fractional boost in Thursday afternoon's trading. Confident Investing Starts Here: The nail in question? Magnets. Reports noted that a Ford factory in Chicago that specializes in Ford Explorers had to briefly shut down after a supplier could not get Ford a needed load of small magnets. The magnets in question, as it turns out, were Chinese-made. Though the shutdown did not last long, reports noted, it was still enough to shut things down for a while. Production, however, started up again just recently. This news comes at a bad time for Ford, as it turns out that Ford dealers have a lot fewer Explorers on their lots than they—or their customers—would like. Generally, dealers like to keep a 60-day supply on hand, with 15 days in transit, at any given time to ensure that there is a car ready for the most customers. But Ford dealers had just 48 days' worth of Explorers on hand to kick off May, and when you throw in that brief production slowdown, that might cause a hiccup going into July sales. That could be a problem, given Fourth of July sales events. One For the Marketing Team Meanwhile, in a move that could well offer some benefits for the Ford marketing operations, new reports emerged that one of Ford's top names—John Lawler, the vice-chair of Ford's board of directors—has a specific car as his daily driver of choice: the Ford Mustang Mach-E. This effort may change some minds, especially given that Lawler is almost certainly driving this daily driver on Michigan roads in the wintertime, which can be a terrible combination for electric vehicles. Couple enhanced demand on the battery—it has to run not only the engine but also the heating system—with an environment that reduces battery charge and it could be a recipe for trouble. But Lawler seems to have no trouble here, despite noting that 'range anxiety' is a problem that requires pre-planning trips to work around effectively. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, 12 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 13.59% loss in its share price over the past year, the average F price target of $9.71 per share implies 4.66% downside risk. See more F analyst ratings Disclosure Disclaimer & Disclosure Report an Issue
