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Stellantis (STLA.N): Starting January 19, it will cut production at its Mulhouse, France plant by 28% to adapt to market demand.On December 19th, Goldman Sachs stated that the surge in gold futures prices to record highs in 2025 could continue into next year. In its 2026 outlook report released on Thursday, the firm noted, "Our baseline scenario projects gold prices to rise 14% by December 2026, reaching $4,900 per troy ounce, with upside risks." Goldman Sachs expects central bank demand for gold to continue in 2026, averaging 70 metric tons per month. The main drivers of this demand are geopolitical instability and the willingness of countries to hedge risks by increasing their gold reserves.BMW: It will launch a second round of share buyback program, with the second phase amounting to up to 625 million euros, which will be held no later than January 2 to August 31 next year.December 19th - According to three sources, European Central Bank (ECB) policymakers expect to keep interest rates unchanged next year, but are not yet ready to completely rule out further rate cuts due to the still highly uncertain economic outlook. The ECB kept interest rates unchanged on Thursday and raised some of its economic growth and inflation forecasts, a move widely interpreted by investors as closing the door to further rate cuts. However, sources indicated that policymakers at the meeting had no intention of announcing the end of the easing cycle because uncertainty remains high. Nevertheless, all three sources stated that the most likely outcome is that interest rates will remain unchanged throughout 2026, consistent with market expectations. The sources said that most policymakers believe the risks to the economic growth outlook are broadly balanced, although a minority believe that actual growth may be lower than the ECBs own forecasts. There is even less disagreement on inflation, with most officials believing that inflation risks are also balanced.Goldman Sachs predicts that the U.S. power systems reserve capacity will further decline due to rapid growth in electricity demand and the pace of coal-fired power plant retirements outpacing the construction of new renewable energy and natural gas power generation capacity.

Parts Scarcity Forces Ford and GM to Shut Down Two Michigan Factories

Aria Thomas

Apr 01, 2022 09:55

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Ford, the United States' No. 2 manufacturer, announced it will halt production at its Flat Rock Assembly Plant, where the Mustang is built, next week due to a worldwide semiconductor shortage.


GM said that it will halt production at its Lansing Grand River assembly plant next week due to a temporary component shortage. The plant produces the Cadillac CT4, Cadillac CT5, and Chevrolet Camaro. GM said that the manufacturing pause was not connected to chips but did not give any details.


The automotive sector is now battling a worldwide chip scarcity caused by the COVID-19 epidemic, which has forced firms to reduce output, while high vehicle prices have largely offset the financial effect.


Ford warned last month that the chip shortfall would result in a reduction in current-quarter car sales. Ford paused production at its Kansas City assembly plant, which produces F-150 pickup trucks, for a week last month owing to a chip shortage.


Ford Motor Company, located in Dearborn, Michigan, said that manufacturing at its other North American factories would continue as usual.


GM said last week that it will cease production at a Fort Wayne, Indiana, assembly facility that makes the Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks for two weeks starting April 4 due to a semiconductor chip shortage.


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