Spirit AeroSystems, a major aerospace supplier, has received a $107 million credit line from Airbus to support its production efforts. The agreement outlines that repayment will be tied to specific transactions or will be due by April 1, 2026, ensuring continued production for Airbus programs.
Toyota Motor Corp is doubling down on China’s growing automotive market with ambitious production goals, aiming to produce at least 2.5 million vehicles annually by 2030. Meanwhile, the company is taking a more measured approach to electric vehicle adoption in the United States, criticizing policies that push for rapid EV transition while potentially harming affordability.
Toyota Motor’s global sales declined for the fourth consecutive month in September, driven by a drop in sales across key markets like Japan, the U.S., and China. The automaker attributed the decline to factors like production disruptions from natural disasters and a challenging market environment in China, but also highlighted a continued increase in sales of electrified vehicles.
Finneas O’Connell, the multi-talented musician and producer known for his work with Billie Eilish, opens up about his creative process, his new album ‘For Cryin’ Out Loud’, and collaborating with renowned filmmaker Alfonso Cuarón on the Apple TV series ‘Disclaimer’.
Rio Tinto, a global mining giant, fell short of analysts’ expectations for third-quarter production across its key commodities. However, the company’s $6.7 billion acquisition of Arcadium Lithium, a move that will position Rio Tinto as a leading global lithium producer, is expected to be a positive long-term play, despite the recent dip in lithium prices.
Tesla’s electric Semi truck is finally going global, with production set to ramp up significantly. This comes after third-party tests validated the truck’s impressive 500-mile range, despite initial skepticism. Meanwhile, Tesla faces scrutiny following a recent crash and is working with logistics companies like NFI Industries and PepsiCo to integrate the Semi into their fleets.
Apple is making significant moves in India, with plans to open four new retail stores and begin producing the iPhone 16 Pro and Pro Max models within the country. This expansion reflects Apple’s confidence in the Indian market and its aim to increase local production and export.
Ispire Technology is set to unveil its revolutionary I-80 vapor device filling machine at the Benzinga Cannabis Capital Conference, promising to boost cannabis production efficiency and cost savings. The I-80, capable of filling 4,000 devices per hour, could significantly impact the industry’s landscape.
India’s horticulture production is expected to decline marginally by 0.65% in 2023-24, according to the government’s third advance estimates. While fruit production is projected to rise, key vegetables like onion and potato are set to see a drop, potentially influencing food inflation.
CNOOC Limited has announced the commencement of production at the Liuhua 11-1/4-1 Oilfield Secondary Development Project in the eastern South China Sea. The project, utilizing a unique ‘Deepwater Jacket Platform + Cylindrical FPSO’ mode, marks a significant milestone in deepwater oilfield development and highlights CNOOC’s commitment to sustainable and cost-effective resource extraction.
