Business

Tesla holds 'Giga Fest' at disputed German factory

With a big wheel, music and an appearance by CEO Elon Musk, Tesla pulled out all the stops Saturday to win over opponents of the electric carmaker's controversial new "gigafactory" near Berlin.

Business

Computer chip shortage may leave auto sector idling

What was initially downplayed as a brief hiccup in the supply of semiconductors looks more and more like a shortage that may last throughout the year in what would be a big blow to automakers.

Electronics & Semiconductors

Fire-hit chipmaker Renesas plans full capacity by May

Japanese chipmaker Renesas Electronics said Monday it was on track to restore full capacity by May after a plant fire, as manufacturers around the world battle to secure semiconductor supplies.

Automotive

Ford to close all its factories in Brazil 

Carmaker Ford said Monday losses exacerbated by the coronavirus epidemic would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

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Factory

A factory (previously manufactory) or manufacturing plant is an industrial building where laborers manufacture goods or supervise machines processing one product into another. Most modern factories have large warehouses or warehouse-like facilities that contain heavy equipment used for assembly line production. Typically, factories gather and concentrate resources: laborers, capital and plant.

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