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The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.

Mercedes To Double Electric Motor Output At Untertuerkheim: Report

Dec 31, 2022 04:37 PM

The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.

South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments

By Reuters

Dec 31, 2022 04:36 PM

Disruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.

Analysis: Retailers Turn To Robots In Cost Inflation Fight

By Reuters

Dec 31, 2022 04:36 PM

While retail has been slower to adopt automation than sectors such as autos and electronics, it has been picking-up the pace - from the introduction of basic self check-out tills in stores to the use of robots and AI in supply chains.

Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023: Report

By Reuters

Dec 31, 2022 04:36 PM

The electric-vehicle manufacturer is currently preparing to roll out 75,000 Model Y vehicles from Gigafactory Texas in the first quarter of 2023, according to the report.

Oil Slides Over 3% On Russian Price Cap Talks, U.S. Gasoline Build

By Reuters

Dec 31, 2022 04:36 PM

Oil prices fell more than 3% continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level.

Proposed G7 Oil Price Cap To Have Little Immediate Impact On Russian Revenue

By Reuters

Dec 31, 2022 04:36 PM

G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying.