All articles tagged with #production halt
Jim Beam will close one of its Kentucky distilleries for at least a year in 2026 to invest in improvements, amid challenges from tariffs and declining demand in the whiskey industry, which has seen a significant drop in exports and sales, despite a large increase in bourbon aging stocks.
Jim Beam is halting production at its Kentucky distillery for all of 2026 due to ongoing trade tensions and industry challenges, including tariffs and declining exports, particularly to Canada, which has seen an 85% drop in U.S. spirits imports. The move aims to allow site investments, while the company continues distilling at other facilities. The broader industry faces high barrel aging inventories, tax burdens, and reduced consumer demand amid international trade disputes.
Jim Beam will cease production at its Kentucky distillery in 2026 for site upgrades amid industry challenges like tariffs and declining alcohol consumption, while other operations remain open; the move is part of broader industry impacts from trade tensions and market oversupply.
Ford is considering discontinuing the F-150 Lightning electric pickup due to a supplier fire and shifting focus to the new, more affordable UEV platform aimed at producing lower-cost EVs, including a $30,000 truck, which could lead to the end of Lightning production despite its relatively steady sales.
Ford is temporarily halting production of its Expedition and Lincoln Navigator SUVs at its Kentucky plant due to aluminum supply disruptions caused by a fire at Novelis' aluminum plant in Oswego, New York, which is expected to impact vehicle manufacturing for several months.
Jaguar Land Rover has halted production since August 31 due to a cyberattack, with the shutdown extended until at least October 1, costing the company up to $13.6 million daily and risking supplier bankruptcies and supply chain chaos.
Jaguar Land Rover did not secure a cyber insurance deal before a recent incident that disrupted its production, according to sources, highlighting potential vulnerabilities in its cybersecurity risk management.
Jaguar Land Rover did not secure a cyber insurance deal before a production halt caused by a cybersecurity incident, according to sources, highlighting potential vulnerabilities in their risk management.
Nvidia has halted production of its H20 AI chips following warnings from Beijing about potential security risks and backdoors, as China encourages the use of domestic chips instead. This move comes after Nvidia was recently cleared to sell its AI chips in China, highlighting ongoing tensions between US tech companies and Chinese regulations.
Nvidia has ordered a suspension of production for its H20 AI chip intended for the Chinese market, following a directive related to China, as reported by The Information. The move impacts component suppliers and reflects ongoing geopolitical and trade considerations affecting tech manufacturing.
China's restrictions on rare earth exports are causing production halts in the auto industry across Europe and the US, as these materials are crucial for electric and hybrid vehicle components, with licensing issues exacerbating shortages and threatening to disrupt global supply chains.
Boeing shares are down after the company reported its lowest aircraft deliveries since November 2020, with only 14 delivered in October. This follows a new employee contract that includes a 38% wage increase, but 737 production was halted until today. Boeing expects a gradual production ramp-up, with Bank of America projecting a return to pre-strike levels by Q1 2025. Currently, Boeing has made only one 737 delivery in November.
Toyota Chairman Akio Toyoda apologized for widespread cheating on certification tests for seven vehicle models, leading to the suspension of production for three models. The fraudulent testing involved outdated data and incorrect procedures for collision and engine power tests. Despite the violations, the safety of vehicles on the road is not affected. Similar issues were reported by Mazda and Honda, who also halted production of certain models. The scandal is a significant embarrassment for Toyota, known for its production excellence.
Toyota Chairman Akio Toyoda apologized for widespread cheating on certification tests for seven vehicle models, leading to the suspension of production for three models. The fraudulent testing involved collision tests, airbag inflation, rear-seat damage, and engine power tests. Similar issues were reported by Mazda and Honda, but none of the violations affect vehicle safety. The scandal is a significant embarrassment for Toyota, which prides itself on production quality and worker empowerment.
Tesla has halted production, sales, and deliveries of its Cybertruck due to a reported safety issue with the accelerator pedal getting stuck, potentially causing the vehicle to go "full throttle." Some owners have experienced this problem, leading to delivery suspensions and concerns about a major design flaw. The company has not confirmed the issue, but it has faced complaints about various issues with the Cybertruck since its initial deliveries.