Airbus grabs number one planemaker spot from a troubled Boeing in 2019
In a year that has seen the world's largest aircraft manufacturer Boeing face federal investigations and suspended licenses, Airbus has taken the number one plane manufacturer's spot for the first time since 2011, deploying additional resources mere hours before the end of the year to meet a record target of 863 planes manufactured, compared to Boein'gs 806 in 2018.
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Boeing CEO predicts a major airline to go bankrupt
Boeing CEO Dave Calhoun said in a recent interview that he thinks a major US airline will go out of business by September this year due to the coronavirus pandemic. “I don’t want to get too predictive on that subject, but yes, most likely,” he said in an interview on NBC’s “TODAY” show. “You know, something will happen when September comes around.” He didn’t name the airline though
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Boeing to restart commercial airplane production in Seattle
Boeing said on Thursday it will restart production of its commercial airplanes next week in the Seattle area, putting about 27,000 people back to work after operations were suspended because of the COVID-19 pandemic. Boeing operates two commercial aviation production facilities in the Seattle area, one in Everett and another in Renton. Operations at Boeing plants in South Carolina remain suspended, officials said.
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Tesla Cuts Salaries, Furloughs Workers Amid Pandemic Wind-Down
Tesla will cut salaries by as much as 30% and furlough workers in the wake of the electric carmaker’s forced production wind-down due to the coronavirus pandemic. Starting next Monday, U.S. employees at the electric car and solar battery system maker who hold director and vice president-level roles and above will see pay reductions of 20% to 30%, and "everyone else" will receive a pay cut of 10%
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3M CEO tells Trump mask demand too great
Mike Roman, the CEO of US-based mask and worker safety equipment manufacturing company 3M, has stated amid US President Donald Trump's invocation of the Defense Production Act that his company cannot meet the demand for masks in the country. Roman revealed that the industry only has the capacity to make 50 million N95 masks each month, while healthcare workers need 300 million to fight the coronavirus pandemic.
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