Category: Sourcing
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Tesla expects to invest up to $6 billion over next two years in factories and equipment, ramps up production in China
Tesla says it plans to spend $2.5 billion to $3 billion in capital investments over each of the next two fiscal years. The company also says it plans to eventually build 3,000 … ›
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Amazon is packing more stuff into warehouses and is considering a change in how it measures space
Amazon's CFO said during last week's earnings call that the company could start using cubic feet — instead of square footage — … ›
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Amazon is working with Brazil’s CargoX for logistics pilot project: BBG
Amazon.com Inc is working on a pilot logistics project in Brazil with Goldman Sachs-backed CargoX, Bloomberg reported on Thursday, citing … ›
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LG Chem to supply EV batteries to Volkswagen from late 2019
South Korea’s LG Chem said on Thursday that it has secured orders to supply electric vehicle batteries for Volkswagen starting late … ›
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FedEx: Amazon’s new delivery service ‘should not be confused as competition’
FedEx's executive VP Rajesh Subramaniam said Amazon's new delivery service "should not be confused as competition with FedEx" during the … ›
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Tesla made a big deal out of its Solar Roof in 2016, but two years later it has barely shipped any
As of May, only 12 Tesla tiled roofs were connected to the grid, all in Northern California, according to Reuters . Tesla declined to give … ›
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First-weekend demand for the new Apple Watch was ‘much higher than expected’
Kuo upped the shipment forecast of the new Apple Watch Series 4 in 2018 from 18 million to between 18.5 million and 19.5 million units. The … ›
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Hundreds of Flights Canceled as Super Typhoon Heads for Hong Kong
Airlines across the region canceled more than 100 flights on Saturday as Super Typhoon Mangkhut slammed into the Philippines and was set to … ›
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French Airbus plane narrowly avoids collision with drone
An Air France Airbus A320 jet narrowly avoided colliding with a drone while descending for an approach to Paris Charles de Gaulle airport … ›
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Amazon launches ‘Storefronts’ as it promotes smaller US businesses
Amazon launches "Amazon Storefronts," a collection of small and medium-sized U.S. businesses. It says the subset of it website will push … ›