Recent Posts

Subaru joins Toyota in expecting ‘big impact’ from US auto levies

Bloomberg Subaru Corp. reported a sales slide in the US, its largest market, and predicted a “big impact” from President Donald Trump’s proposed tariffs on imported vehicles following the escalation of a global trade war. Unit sales in the US dropped about 14 percent to 149,800 vehicles in the three months through June 30, the company said in a presentation. ...

Read More »

TSMC blames WannaCry variant for plant closures

Bloomberg Taiwan Semiconductor Manufacturing Co. blamed a crippling cyber-virus outbreak on a variant of the 2017 WannaCry ransomware, outlining how it shut several plants just as the company ramps up chipmaking for Apple Inc.’s next iPhones. Chief Executive Officer C. C. Wei said full operations have resumed and that the malware would reduce revenue this quarter by no more than ...

Read More »

GE Appliances’ Chinese owner readies for ‘tariff hit’

Bloomberg One of China’s largest appliance makers is preparing for the impact of US trade tariffs as it seeks to expand its international footprint. About 5 percent of products sold in the US by GE Appliances — a unit of Qingdao Haier Co. — are imported from China and face tariffs now or will get hit by those being proposed ...

Read More »
Send this to a friend