November 18, 20240 Comments

Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say By Reuters

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple (NASDAQ:) supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold

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November 9, 20240 Comments

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo

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