adplus-dvertising
Connect with us

Business

Tesla to shut down production at Gigafactory Berlin to upgrade the factory and add a shift – Electrek.co

Published

 on


Tesla is reportedly going to shut down production at Gigafactory Berlin in order to upgrade the factory and add a shift to achieve higher production capacity.

The top priority at Tesla is to ramp up production to catch up with customer demand.

The automaker is doing that at all its factories, but the ramps are more significant at Gigafactory Berlin and Gigafactory Texas, which only recently started production.

Giga Berlin appeared to be doing relatively well thanks to utilizing the 2170 cells, which enables a battery infrastructure that Tesla is used to, and it achieved a production rate of 1,000 Model vehicles per week in June.

Giga Texas appeared to be falling behind since it had difficulties ramping up production of the 4680 battery cell and structural battery pack, but we reported that last week that the factory ramped up production significantly with Tesla starting to build Model Y Long Range with 2170 cells at the plant.

Now Tesla is looking for Gigafactory Berlin to catch up, and it will reportedly shut down the factory for about two weeks in order to upgrade it.

Germany’s Bild reported the news today:

According to BILD information, Tesla therefore wants to interrupt operations for two weeks starting next Monday. It is unclear how many of the 4,500 employees will be sent on vacation and how many technicians will remain to convert production.

The publication also says that the automaker will add a third shift and start producing electric motors at the factory instead of importing them from Gigafactory Shanghai:

According to employees, after the break in production, work should be carried out in three instead of two shifts. In addition, Tesla could then start manufacturing the drive in a neighboring hall.

While the upgrade could help, Gigafactory Berlin’s biggest bottleneck is reportedly its workforce.

Over the last few months, there have been many reports of Tesla having issues hiring and retaining employees. Some of them suggested that salaries have been a particular issue and the local union, IG Metall, was starting to get involved. But Tesla did increase salaries by 6% for many employees in order to address the concern.

It will require a significant hiring effort for Tesla to add a third shift at the plant after the factory restart later this month.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

 on

 

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

 on

 

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

 on

 

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending