All articles tagged with #us production
Coca-Cola's plan to reintroduce cane sugar in the US has faced challenges due to limited availability, making the rollout a gradual process, despite earlier announcements and political pressure.
Ikea is increasing its manufacturing in the US in response to hefty tariffs imposed on furniture makers by the Trump administration, which has impacted the furniture industry and prompted companies to adjust their production strategies.
Coca-Cola plans to launch a new soda made with U.S. cane sugar this fall, responding to President Trump's call for using sugar instead of high fructose corn syrup, and potentially benefiting Florida and Louisiana's sugar industries.
Donald Trump announced that Coca-Cola will start using cane sugar in its US-produced Coke, marking a shift from the long-standing use of high fructose corn syrup, which could impact farmers, the beverage industry, and health debates.
GM is developing a new affordable electric vehicle to be built at its Fairfax Assembly plant in Kansas, alongside the next-gen Chevy Bolt, with plans to introduce a series of Bolt models including a lower-priced version, featuring improvements and LFP batteries to reduce costs, as part of GM's broader strategy to expand its EV lineup and increase US production amid market competition.
Natural gas prices in the U.S., Europe, and Asia are being weighed down by record-high U.S. production, record-high inventories, weak industrial demand in Europe, and tepid consumption in Asia. The warmest autumn in nearly 150 years has extended the refill season for gas storage, resulting in above-average inventories. Traders have turned bearish on natural gas due to ample inventories, muted demand, and increased confidence in Europe's ability to go through the winter without major supply disruptions. The benchmark prices for natural gas in the U.S. and Europe have dropped to multi-month lows.
Saudi Arabia may flood the oil market with a surge in supply to regain control over prices in response to rising US crude production, according to an energy market expert. While OPEC+ members have pledged voluntary production cuts without firm commitments, Saudi Arabia could potentially increase its output by an additional 2.5 million barrels per day. This move aims to flush out higher-cost producers and regain control over prices, as it did in 2014. The booming US oil supply is seen as a significant challenge for OPEC and Saudi Arabia, with US crude output hitting a record high of over 13.2 million barrels per day in September.
Subaru plans to start building electric vehicles (EVs) in the U.S. by 2027 and aims to sell around 400,000 battery-powered cars in the country by 2028, accounting for half of its current U.S. sales volume. The automaker also intends to obtain half of its global volume from EVs by 2030 and expand its planned EV lineup from four models to eight. Meanwhile, the United Auto Workers (UAW) union has presented its demands to automakers, including the elimination of wage tiers, substantial wage increases, and the right to strike over plant closures. Additionally, General Motors is recalling about 900 vehicles in the U.S. and Canada due to Takata airbag inflators that could explode and cause harm in a crash.
US crude oil inventories unexpectedly rose by 3.618 million barrels, while gasoline inventories rose by 399,000 barrels and distillate inventories fell by 3.945 million barrels. US crude oil production rose by 100,000 bpd to 12.3 million bpd. Despite the surprise inventory build, the price of WTI and Brent crude oil were both trading up on Tuesday.
Kia has debuted its upcoming EV9 SUV in North America, which will soon be assembled in the US. The EV9 is the second all-electric model on Hyundai Motor Group’s 800V E-GMP platform, joining the EV6 crossover. The dual motor GT-Line will deliver 379 horsepower and 526 lb.-ft. of torque, for a 0-60 mph acceleration time of 5 seconds. The EV9 will be built in West Point, Georgia beginning in 2024, making it the Korean automaker’s first EV assembled on US soil. The SUV is expected to arrive in the US sometime in Q4 of 2023.