Panasonic Corporation (OTC: PCRFY) is looking to restart production at Tesla Inc.’s (NASDAQ: TSLA) New York manufacturing plant on Wednesday, the Verge reported Tuesday.
What Happened
The Japanese electronics giant will spend the first two days performing equipment checks, and standard manufacturing will start Friday, Panasonic North America Solar Energy Division President Mark Shima said in an internal email accessed by the Verge.
Shima told the employees that the company has “completed preparations under close collaboration with Tesla, such as preparation of masks, sanitizers and wipes, set new protocol for entrance, new rules in cafeteria and production floor, new seat assignment in the office area in order to keep 6′ to the next person.”
It isn’t immediately clear if Tesla is also restarting production at the solar panel manufacturing facility.
Why It Matters
A majority of manufacturing at the New York gigafactory has…
(Reuters) – The coronavirus outbreak has virtually shut down corporate Australia and New Zealand, forcing companies to throw out their strategic plans and resulting in thousands of layoffs or staff suspensions.
Listed companies in both the countries have already laid off or began considering laying off more than 100,000 people, temporarily or permanently, highlighting the toll on livelihoods as virtual shutdowns take hold.
Ultimately, economists forecast the crisis will more than double unemployment to more than 11%, the highest in three decades.
AIRLINES
* Qantas Airways to place 20,000 workers on leave until at least the end of May.
* Virgin Australia to stand down 8,000 employees until the end of May.
* Air New Zealand to lay off nearly a third of its employees, about 3,500, in the coming months, and said that was a “conservative” assumption.
CASINOS
* Star Entertainment Group says 90% of its workforce, or 9,000 people, will be placed on leave due to mandated casino closures.
* Crown Resorts Ltd stood down about 95% or more than 11,500 of its employees on a full or temporary basis as gaming and other non-essential services at its resorts in Melbourne and Perth were suspended.
* SkyCity Entertainment Group has laid off or furloughed at least 1,100 of its staff across Australia and New Zealand.
RETAIL
* Department store operator Myer Holdings will temporarily lay off 10,000 of its staff without pay.
* Kathmandu Holdings Ltd, the outdoor apparel retailer that owns Rip Curl, said most of its global stores were closed and almost all its staff in Australia will be stood down for four weeks without pay. It has around 4,000 employees globally.
* Home ware retailer Smiths City Group Ltd stands down almost all of its 465 employees on 80% of their salary.
* Retail Food Group will stand down or reduce the working hours of the majority of its 500 employees.
* Premier Investments, owner of Smiggle, Just Jeans and chains, is standing down 9,000 employees, most without pay
* Jeweller Michael Hill International is putting staff on leave in Australia, New Zealand and Canada. The company employs about 2,500.
* Fashion retailer Mosaic Brands is standing down 6,800 due to store closures.
* Footwear retailer Accent Group stands down all its retail employees and most support staff for four weeks without pay. The company reportedly employs 5,700.
HOSPITALITY
* Pub and hotel operator Redcape Hotel Group will cut most permanent staff. It employs 800.
* ALH Group, the pubs and hotels group majority-owned by Woolworths, will stand down about 8,000 staff.
TRAVEL AGENTS
* Flight Centre is cutting or putting on leave a third of its 20,000 staff.
* Helloworld Travel lays off 275 people and temporarily stands two-thirds of its 1,800 workforce until the end of May.
HEALTH AND EXERCISE
* Viva Leisure lays off more than 90% of its 2,200 workforce.
* Dental group Abano Healthcare will stand down majority of its 2,300 employees at its operations in Australia and New Zealand.
HIRING:
On the other hand, some companies are hiring under the new circumstances.
* Australia’s biggest supermarket chain Woolworths to hire 20,000 in the next month. Some of the new hires will be those re-deployed from its the pubs and hotels business, ALH Group. Woolworths also plans to offer short-term roles to 5,000 Qantas employees put on leave.
* Coles has added 7,000 people to its ranks, and said it plans to hire another 5,000 to meet increasing demand at its supermarkets and liquor stores.
* Australia’s biggest telecom company Telstra will freeze a 6,000-employee cull and hire 1,000 due to growing volumes at call centres.
* BHP Group, the world’s biggest miner, says it will hire 1,500 temporary workers, some to be offered permanent roles after six months.
(Reporting by Nikhil Kurian Nainan and Anushka Trivedi in Bengaluru; Editing by Byron Kaye, Shounak Dasgupta and Sherry Jacob-Phillips)
FILE PHOTO: VW hosts photo workshop at Zwickau plant
FRANKFURT (Reuters) – German carmakers including Volkswagen <VOW.DE> and Mercedes-Benz <DAI.DE> will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak.
Chancellor Angela Merkel on Wednesday said that Germany has achieved a “fragile intermediate success” in its the fight against the coronavirus and that its emergence from lockdown would begin with the partial reopening of shops next week and schools from May 4.
Unlike Italy and Spain, Germany never banned car production, though factories came to a standstill after authorities restricted the movement of people and ordered the closure of car dealerships, hitting demand.
Volkswagen said it will start producing cars for its core brand in Zwickau, Germany, and in Bratislava, Slovakia, on April 20.
Plants in Russia, Spain, Portugal and the United States will ramp up production from April 27 onwards, joined by factories in South Africa, Argentina, Brazil and Mexico in May.
“With the decisions by the federal and state governments in Germany and the loosening of restrictions in other European states, conditions have been established for the gradual resumption of production,” Ralf Brandstaetter, Chief Operating Officer of the Volkswagen brand, said in a statement.
The carmaker has retooled production to ensure that workers keep 1.5 metres apart. Other measures include the staggering of shifts and lunch breaks, plus steps to change worker interaction in VW’s supply chain.
Bernd Osterloh, Chairman of the company’s Works Council, said: “In the light of the pandemic, we need to adapt our routines. One answer is our new agreement on health protection. With about 100 measures, we are keeping the risk of infection at Volkswagen as low as possible.”
In China, where a Volkswagen has already implemented health measures, 32 of the 33 plants have resumed production and no coronavirus infections among employees have been reported.
Mercedes-Benz parent Daimler said that its plants in Hamburg, Berlin and Untertuerkheim will resume production next week. Its Berlin plant makes engine-management systems for vehicles sold in China.
Production will initially start in a one-shift system, Daimler said, with plants in Sindelfingen and Bremen also making preparations to ramp up production.
(Reporting by Edward Taylor and Jan Schwartz; Editing by David Goodman)
Production and development of new solutions for hospitals
Alstom’s 3D printing hub in Barcelona is coordinating initiatives being implemented at a Group level to contribute to the fight against the COVID 19 global pandemic. Since last week, engineers and developers based in Santa Perpetua site (Barcelona) have been coordinating and implementing different initiatives to produce pieces, supply consumables and design new solutions.
Alstom’s hub is working in coordination with the 3Dcovid19.org network to manufacture visors for face shields and ventilators valves, that are being delivered to different hospitals.
“The aim is to help the healthcare community by manufacturing parts that meet appropriate quality and safety standards,” says Jaume Altesa, responsible for Alstom’s 3D printing hub at Santa Perpètua. “3D printing has gained prominence due to its particular usefulness for creating equipment to protect against COVID-19, as it can be used to manufacture materials currently suffering severe shortages such as face masks, mechanical respirators and even door openers, among others”, he adds.
The CAD design experts at the Santa Perpetua facilities are also innovating in new solutions and developments. They are currently working, for example, on portable personal protectors for door handles and the use of anti-bacterial materials in the masks.
Launched in 2016, Alstom 3D printing hub in Barcelona is one of the components of Smart Operations, Alstom’s ‘Industry of the Future’ programme. Its ambition is to produce 3D-printed parts quickly and at a competitive price for new trains, to meet the customers’ requests for parts, and to facilitate some manufacturing and maintenance operations. At Alstom, 3D printing is used for four applications: tools for our factories, prototypes to validate a design, moulds produced in half the time of classic production methods and series parts with around 70 references in plastic and metal.
An employee leaves the Volkswagen (VW) plant as the company will temporarily close its factories in Mexico amid growing worries over the spread of the coronavirus disease (COVID-19), in Puebla
MEXICO CITY (Reuters) – German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government declared a health emergency because of coronavirus.
Volkswagen <VOW.DE> is among manufacturers worldwide who are responding to a fall in demand, as well as supply chain challenges following measures taken to rein in the pandemic.
In a statement the company said the halt was extended from April 12 to comply with government orders for a suspension of all non-essential activities.
Volkswagen said it would continue to pay employees during the suspension. Mexico reported 37 deaths, up from 29 a day earlier, and 1,378 infections, up from 1,215, because of the virus.
(Reporting by Sharay Angulo; Writing by Stefanie Eschenbacher; Editing by Clarence Fernandez)
MILAN (Reuters) – Luxury carmaker Ferrari <RACE> said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings.
Ferrari this month closed factories in Maranello and Modena, in the northern Italian region of Emilia-Romagna, for two weeks until March 27 in a response to the coronavirus outbreak and a shortage of parts.
Investment firm Exor <EXXRF>, which controls Ferrari, on Wednesday said that current plant closures at Ferrari as well as at other controlled companies Fiat Chrysler <FCAU> and CNH Industrial <CNHI>, though temporary, might continue.
Ferrari – which cited “the huge uncertainty and lack of predictability that the COVID-19 has created” – said it would continue to cover all days of absence for those employees who could not work remotely.
The company added it would give further financial guidance during a conference call on its first-quarter earnings, scheduled for May 4.
In February, Ferrari said it planned its adjusted core profit to increase to between 1.38-1.43 billion euros this year, compared to a previous guidance of over 1.3 billion euros.
Ferrari said on Friday it remained confident that it would “continue to create value for all stakeholders beyond the near-term uncertainties”.
(Reporting by Giulio Piovaccari; Editing by Nick Macfie)
In 1996, Bombardier Transportation pioneered a new mobility solution for Singapore’s first light rail transit system – the driverless BOMBARDIER INNOVIA APM 100 automated people mover. This fully automated transit system went into service in 1999 on the revolutionary Bukit Panjang LRT line to improve the quality of life for residents by connecting outlying residential areas with the high-capacity Mass Rapid Transit (MRT) rail network as well to schools, retail, community and healthcare centers.
2019 marks the 20th anniversary of the first APM’s entry into service, a historic milestone for Bombardier. The INNOVIA APM system embodies the evolution of automated transit operations over many years at numerous locations around the globe, from London and Guangzhou to Phoenix and San Francisco – the INNOVIA APM is in use in many of the world’s busiest international airports and city districts. Currently, Bombardier has 32 APM vehicles circulating Bukit Panjang with an annual ridership of 24 million passengers, bringing residents closer to their homes.
Singapore’s Bukit Panjang LRT line
Singapore’s Bukit Panjang LRT line, runs on afully-automated people mover system based on the INNOVIA APM 100 automated people mover system. Already in service in many of the world’s busiest cities and biggest airports, this proven passenger mobility solution provides safe, swift and seamless connectivity between the outlying residential areas and the city.
The iconic Bukit Panjang LRT line is an 8-km automated guideway transit solution intended to serve the residential town located in the West Region of Singapore, acting as a replacement to the many buses deployed through the town, especially during rush hour. With an estimated population of 140,000, half of Bukit Panjang’s residents rely on the LRT for their daily commute. A complete loop journey takes 28 minutes, serving 13 stations, providing a feeder service to connect residents to the two high-capacity North-South (red) and Downtown (blue) MRT lines, moving them to the city.
Operating on a dedicated elevated guideway at a speed between 20km/h to 65 km/h, this arrangement ensures consistent service that provides shorter waiting times for the passengers without interfering with surrounding road traffic. The current BOMBARDIER CITYFLO 550 rail control and signalling system and wireless communications supports the system’s operation while ensuring seamless integration into the city’s existing infrastructure.
Singapore’s INNOVIA APM system
Upgrading Bukit Panjang
In 2018, Bombardier signed an asset replacement contract to upgrade the Bukit Panjang LRT system by supplying a fleet of 19 BOMBARDIERINNOVIA APM 300 vehicles, retrofitting 13 existing INNOVIA APM 100 vehicles, as well as upgrading its current CITYFLO 550 technology to the advanced CITYFLO 650 CBTC solution for a smoother ride for commuters. Other works include power rail enhancement and condition monitoring through Train Control Management System.
Working hand-in-hand with the Singapore Land Transport Authority to design a next-generation train with modern aesthetics, the new features incorporated advanced technology for improved performance and functionality, as well as enabling interchangeability with existing APM 100 vehicles. From 2022, the asset replacement is set to improve rail reliability, safety and availability for optimal performance of the Bukit Panjang LRT line.
The ride ahead
After two decade of services, the system achieved an improved performance and for the period of October 2018 to September 2019, it reached a rail reliability performance of 64,000 train-km before a delay of more than five minutes occurs on the system. Along with the Bukit Panjang LRT system upgrade, Bombardier will support a ten-year maintenance and spare part supply agreement to provide reliable services, ensuring that the authority and operator gain the maximum value from their assets over the lifetime of their system with proven competence. The renewed APM system will continue to set the high urban mobility standards for the Bukit Panjang LRT line and globally in the frame of Bombardier’s urban transit innovation.
Singapore LTA’s target is to expand its urban rail network to 360km by 2030, which creates demand and opportunities for rail manufacturers while driving innovation towards Singapore’s Smart Nation vision. Bombardier’s full spectrum of rail solutions, combining technology and performance with empathy, from driverless metros to automated people mover, helps deliver sustainable mobility and reduces energy consumption to create substantial benefits for operators, commuters and the environment.
Investing in Singapore for the last twenty years, Bombardier has delivered 276 driverless BOMBARDIERMOVIA metro cars for Singapore’s Downtown Mass Rapid Transit (MRT) line and 32 INNOVIA APM 100 cars for the Bukit Panjang LRT system. In 2018, two asset replacement contracts were awarded to supply 19 new INNOVIAAPM 300 cars for the Bukit Panjang LRT line and 396 MOVIA metro cars for the two high-capacity North-South and East-West MRT lines. Bombardier is committed to designing better trains, customizing solutions and creating better ways to move residents across Singapore, making sure Bombardier’s mobility solution works for the community and providing for the future.
The renewed INNOVIA APM system will continue to set the high urban mobility standard for the Bukit Panjang LRT line and globally in the frame of Bombardier’s urban transit innovation.
LAS VEGAS, Dec. 5, 2019 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars” or “Caesars Entertainment”), one of the world’s most diversified casino-entertainment providers, today announced it has completed the previously announced sale of the Rio All-Suite Hotel & Casino (the “Rio”) to a company (the “Buyer”) affiliated with Dreamscape Companies (“Dreamscape”), which is owned and controlled by Eric Birnbaum, for $516.3 million (including certain fees, expenses and $40 million in seller financing provided by a Caesars affiliate). Dreamscape acquires, repositions and/or develops hospitality, residential, retail, gaming and entertainment assets.
Caesars Entertainment Corporation logo. (PRNewsFoto/Caesars Entertainment Corporation)
In connection with the completion of the sale, a Caesars subsidiary entered into a lease with the Buyer under which Caesars will continue to operate the property for a minimum of two years and pay annualized rent of $45 million. The Buyer has the option to pay Caesars $7 million to extend the lease under similar terms for a third year. At the end of the lease term and at the request of the Buyer, Caesars may continue to manage the Rio or may provide transition services to the Buyer.
The Rio will continue to be part of the Caesars Rewards network during the lease term, and the transaction is not expected to result in any changes to the guest experience. The World Series of Poker will be hosted at the Rio in 2020 and hosting rights will remain with Caesars Entertainment thereafter. Further details on the transaction are available in the Form 8-K to be filed with the Securities and Exchange Commission.
JetBlue sues Walmart for trademark infringement over Jetblack service FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago
NEW YORK (Reuters) – JetBlue Airways Corp has sued Walmart Inc for trademark infringement, after the world’s largest retailer began using the name Jetblack for its text-based personal shopping service.
In a complaint filed on Friday night in Manhattan federal court, JetBlue called Jetblack a “transparent attempt” by Walmart to capitalize on the goodwill associated with the carrier’s trademarks.
JetBlue also said Jetblack was likely to cause “significant consumer confusion” as Walmart expands the service, and warned that Walmart intends further infringements by using additional “Jet+color” names such as Jetgold and Jetsilver.
Walmart did not immediately respond on Monday to requests for comment. The lawsuit also names Walmart’s Jet.com unit as a defendant.
Introduced in May 2018, Jetblack calls itself a “personal shopping and concierge service that combines the convenience of e-commerce with the customized attention of a personal assistant.”
Walmart launched Jetblack in part to help the Bentonville, Arkansas-based retailer expand beyond its brick-and-mortar base and compete with such services as Amazon.com Inc’s Amazon Prime, especially among consumers in urban areas.
JetBlue is based in Long Island City, New York.
The case is JetBlue Airways Corp v Jet.com Inc et al, U.S. District Court, Southern District of New York, No. 19-05879.
(Reporting by Jonathan Stempel in New York; Editing by Susan Thomas)
JetBlue sues Walmart for trademark infringement over Jetblack service FILE PHOTO: A JetBlue aircraft comes in to land at Long Beach Airport in Long Beach
March
6 (Reuters) – Amazon.com Inc will close all of its U.S. pop-up stores
and focus instead on opening more book stores, a company spokesperson
said on Wednesday.
The company’s shares closed down 1.4 percent at $1,668.95.
The news underscores how the online retailer is still working out its brick-and-mortar strategy.
Pop-up
stores for years helped Amazon showcase novel products like its
voice-controlled Echo speakers, but the company is now able to market
those products and more at its larger chain of Whole Foods stores,
acquired in 2017, and cashierless Amazon Go stores, which opened to the
public last year.
The
online retail giant will also open more “4-star stores” – stores that
sell items rated 4-stars or higher by Amazon customers, the spokesperson
added.
“After
much review, we came to the decision to discontinue our pop-up kiosk
program, and are instead expanding Amazon Books and Amazon 4-star, where
we provide a more comprehensive customer experience and broader
selection.”
Shares of bookseller Barnes & Noble Inc closed down 8.9 percent at $5.84.
(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)
