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☆ The internet just went on a wild quest that could result in floating trains and cheap EVs
▼ + stars: | 2023-08-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

The internet went wild over claims scientists discovered a room-temperature superconductor. Here's how a room-temperature superconductor could change everything:Revolutionize the medical industryMRI machines currently depend on liquid helium coolant to keep cool enough to operate. A room-temperature superconductor would go a step further in helping create these fields under normal conditions. With room-temperature superconductors, EV makers might be able to take a closer step towards delivering cheap battery-run cars. This is where room-temperature superconductors could one day step in.

Persons: It's, gloriously, Dr Niladri Banerjee, Banerjee, Michael Fuhrer, Massoud Pedram, Eugene Hoshiko, they'd, Jason Laurea, Lawrence, Robert Knopes, Getty Images Elon, Tesla Organizations: Imperial College London, Theory, School of Physics, Monash University, University of Southern, Airport, Lawrence Livermore National Laboratory, MIT's, Science, Fusion Center, Fusion Systems, Getty Images, TechCrunch Locations: South Korea, Australia, University of Southern California, Shanghai, China, Pudong, levitating, Lawrence Livermore

☆ Yellen to tout U.S. economy's resilience, jobs recovery in major speech
▼ + stars: | 2023-08-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, Aug 10 (Reuters) - U.S. Treasury Secretary Janet Yellen will highlight the U.S. economy's continuing resilience in a major speech in Las Vegas on Monday, touting the creation of 13 million new jobs and progress in driving down inflation, a Treasury official said. Yellen will speak at a training center operated by the International Brotherhood of Electrical Workers (IBEW) union after touring its cutting-edge clean energy training programs where workers learn how to install solar panels. The Treasury official said Yellen will say the U.S. economy is on the right track toward stable growth, while underscoring the need to remain vigilant on potential challenges. She will note that the resilience of the U.S. economy - which she hailed in a major speech last July - has lasted over the past year despite many naysayers, who warned it could not last, the official added. Yellen will argue that the IRA is making the U.S. less vulnerable to fossil fuel price shocks and strengthening clean energy supply chains, while creating good-paying jobs, the official said.

Persons: Janet Yellen, Yellen, Joe Biden, Biden, Andrea Shalal, Jonathan Oatis Organizations: . Treasury, Treasury, International Brotherhood of Electrical Workers, Reuters, U.S, Thomson Locations: Las Vegas, Nevada, U.S

☆ Humanity is on the brink of major scientific breakthroughs, but nobody seems to care
▼ + stars: | 2023-08-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Humanity could be on the brink of making major progress in multiple areas of science. These are artificial intelligence, room-temperature superconductors, and nuclear fusion. A lesson from ChatGPT: people get excited by progress when they understand what it means. It's not a surprising attitude from the man who also said "we wanted flying cars, instead we got 140 characters." Efforts remain underway to replicate a room-temperature superconductor's creation.

Persons: Peter Thiel, Thiel, LLMs, chatbot, Marc Andreessen, OpenAI's Sam Altman, Andreessen Organizations: Milken, Peking University, Times, Milken Institute Locations: Korea, Beijing, Silicon, California, ChatGPT

☆ Room-temperature superconductors and nuclear fusion will need a ChatGPT moment
▼ + stars: | 2023-08-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

These are artificial intelligence, room-temperature semiconductors, and nuclear fusion. A lesson from ChatGPT: people get excited by progress when they understand what it means. In South Korea last month, researchers declared the discovery of the world's first room-temperature, ambient pressure superconductor – a rock-like material known as LK-99. But if Andreessen and his ilk want the general public to get excited by nuclear energy and superconductors, they have the answer in their own backyard in ChatGPT. Humans need to see and understand the benefits of progress for themselves.

REUTERS/Heather Somerville/File PhotoAug 3 (Reuters) - Cruise, General Motors' (GM.N) robotaxi unit, said on Thursday it had signed the driverless car industry's first labor union agreements, a significant milestone as unions and robotaxi firms have historically been at odds. The company is partnering with two local San Francisco union chapters that represent electrical workers and janitors, the International Brotherhood of Electrical Workers Local 6 and Service Employees International Union Local 87. Reuters could not definitively determine if these are the driverless car industry’s first union agreements. Cruise, which offers limited service in San Francisco with a fleet of Chevrolet Bolts fitted with driverless technology, has accumulated over 3 million driverless miles, the company said. Reporting by Anna Tong in San Francisco; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Heather Somerville, ”, John Doherty, Cruise, Anna Tong, Leslie Adler Organizations: General Motors Corp, REUTERS, General Motors, San, International Brotherhood of Electrical Workers, Employees International Union Local, Reuters, United Auto Workers, Detroit Three, GM, Chevrolet Bolts, California’s Public Utilities Commission, Thomson Locations: San Francisco, California, U.S, IBEW

☆ Google's water use is soaring. AI is only going to make it worse.
▼ + stars: | 2023-07-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Its latest environmental report shows a 20% jump in water consumption in its data centers. Google just published its 2023 environmental report, and one thing is for certain: The company's water use is soaring. The numbers provide a stark reminder of the environmental cost of running huge data centers, which often require vast amounts of water to stay cool. The majority of the water Google is consuming right now is "potable," clean enough to be used as drinking water. In its latest report, Google said it takes "local water stress" (another way of saying scarcity) into account, and said 82% of its freshwater withdrawals in 2022 came from regions with low water stress.

Persons: Shaolei Ren, Ren, Alistair Barr Organizations: Google, University of California Locations: Riverside, Mesa , Arizona, Arizona, Mesa

The deal to buy Collins' actuation and flights controls business marks the French engine and aircraft equipment maker's biggest acquisition since the 2018 purchase of seat maker Zodiac. "We are going to move towards more electrical actuation and flight controls," Safran's Chief Executive Officer Olivier Andries said. Collins Aerospace, part of U.S. aerospace and defence giant Raytheon Technologies, recently renamed RTX (RTX.N), said the sale would "optimize resources". Safran said its all-cash offer gave the business it is acquiring an enterprise value of $1.8 billion. Safran said Collins would remain a key customer for the business as a manufacturer of nacelles or engine housings for jetliners, making up 25% of the acquired activity's revenues.

Persons: France's Safran, SAF.PA, Collins, Olivier Andries, Safran, Andries, Pascal Bantegnie, Augustin Turpin, Tim Hepher, Jan Harvey, Jane Merriman, Elaine Hardcastle Organizations: Collins Aerospace, Raytheon Technologies, Airbus, Boeing, French Rafale, Parker Aerospace, Thomson Locations: U.S, Paris, American, Eaton, United States, Europe

☆ Construction of new homes fell 8% in the US last month
▼ + stars: | 2023-07-19 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Builders are benefiting from the lack of existing homes for sale as owners hunker down, but higher mortgage rates pose a threat, said Odeta Kushi, deputy chief economist at First American Financial Corporation. Holding household income constant, the increase in mortgage rates reduced home-buying power by approximately $10,000, Kushi said. “There remains pent-up demand in the housing market, but higher rates put a strain on affordability,” said Kushi. Builders remain ‘cautiously optimistic’Builder confidence remains high despite concerns about rising rates. The National Association of Home Builders/Wells Fargo Housing Market Index gauges market conditions and looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.

Persons: ”, Robert Frick, “, it’s, Odeta Kushi, Freddie Mac, Kushi, Alicia Huey, Robert Dietz, Dietz Organizations: DC CNN, Housing, Census, Navy Federal Credit Union, First American Financial Corporation, National Association of Home Builders, NAHB, Federal Reserve, Builders Locations: Washington, Wells Fargo

☆ Today's vision for the homes of tomorrow
▼ + stars: | 2023-07-18 | by ( Sponsor Post | Created Insider Studios With Schneider Electric | ) www.businessinsider.com time to read: +9 min

The impact of the climate crisis is now affecting people every day, with record temperatures seen globally and extreme weather events becoming increasingly common. Florent Berard, Schneider ElectricThe stakes could not be higher, Berard said, as the world is at an "inflection point." To mitigate the worst effects of the climate crisis, Berard said it's important to look at how we drive the right behaviors. Visualized on a smartphone, the intelligent panel provides invaluable insights into a home's real-time energy consumption. This means a net-zero built environment must be a marriage of the past and present, combining sustainable design and sensitive retrofits with smart digital solutions.

Persons: Florent Berard, it's, Schneider, Berard, —, It's, Schneider Electric's Organizations: Deloitte, Schneider, Distribution, EU, Home Energy Management Solutions, Schneider Electric, Insider Studios Locations: Ukraine

☆ Turns out all we may need to stop climate change is 139 billion gallons of super-duper white paint
▼ + stars: | 2023-07-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

According to one professor, we can stop global warming if we used a new super white paint. The problem though, is we would need to cover at least 1% of the earth's surface with the paint. But just how big is 1-2% of the Earth's surface? For reference, the total land area of the United States is just over 3.5 million square miles, so we'd need to cover the country in white paint from sea to paint-stained sea. If we assume the new paint acts like commerical paint, as the Purdue researchers suggest, a gallon would cover about 400 square feet, we would need roughly 139 billion gallons of the super-duper white paint to cover just 1% of the Earth's surface.

Persons: Jeremy Munday, Davis, Munday Organizations: Service, Purdue University, University of California, New York Times, Purdue Locations: United States, Texas

☆ After days of anticipation, many folks won't get to see the northern lights. Here's why.
▼ + stars: | 2023-07-13 | by ( Chris Panella | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

This week's forecast for seeing the northern lights across the US was hopeful, but it's now unlikely. Predictions for a stunning display of the northern lights across the continental US this week were promising, but forecasters say it's unlikely now. Usually the northern lights are only visible north of the continental US, in snowy Arctic regions. Scientists rely on observations of space and solar activity in order to forecast the northern lights, but things can change quickly. Even in the days and hours leading to a possible appearance of the northern lights, it's still difficult to predict them.

Persons: it's, Bill Murtagh, Murtagh Organizations: Service, National Oceanic, Prediction, USA, Experts, NASA Solar Dynamics Locations: Maryland, Annapolis , Maryland, Arizona

☆ Goldman Sachs says rising EV usage to power higher copper demand
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - Goldman Sachs said rising usage of electric vehicles (EV) was a "key pillar of copper's bullish story", forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025. Last year, EV production accounted for about two-thirds of the increase in global copper demand, with EVs likely accounting for about 27% of additional copper consumption over the next decade, the bank said. Goldman said its analysts were optimistic about EVs, anticipating "strong sales in China, driven by lower prices and a high demand for EVs that has been building up over the rest of 2023." Benchmark copper prices on the London Metal Exchange (LME) lost 7.5% in the second quarter of 2023 due to a slow recovery in demand in China and concerns over global economic growth. However, copper usage in EVs could fall in the longer term, with the amount of copper used per EV likely falling to 65 kg per unit by 2030, compared with 73 kg in 2022, the bank said.

Persons: Goldman Sachs, Goldman, Anushree Ashish Mukherjee, David Holmes Organizations: London Metal Exchange, Thomson Locations: EVs, China, Bengaluru

☆ New Study Bolsters Room-Temperature Superconductor Claim
▼ + stars: | 2023-06-23 | by ( Kenneth Chang | ) www.nytimes.com time to read: 1 min

A magical material that could effortlessly conduct electricity at room temperatures would likely transform civilization, reclaiming energy otherwise lost to electrical resistance and opening possibilities for novel technologies. Yet a claim of such a room-temperature superconductor published in March in the prestigious journal Nature, drew doubts, even suspicion by some that the results had been fabricated. But now, a group of researchers at the University of Illinois Chicago reports that it has verified a critical measurement: the apparent vanishing of electrical resistance. This result does not prove that the material is a room-temperature superconductor, but it may motivate other scientists to take a closer look.

Organizations: Nature, University of Illinois Chicago

☆ In Philly, union members say they don't care about Biden's age: 'I never heard someone who is Catholic say the pope is too old'
▼ + stars: | 2023-06-17 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +8 min

Union members told Insider they are not too concerned about Biden's age or electability. "I never heard someone who is Catholic say the pope is too old," one union member said. Biden's path to reelection depends in part on touting those achievements and turning out union members in November 2024. "There are a lot of politicians in this country who can't say the word 'union,'" Biden said Saturday afternoon, supporters in colorful union merchandise cheering behind him. At Saturday's rally, however, union members insisted it is not a concern — and that the discourse around it is an indictment of the times.

Persons: Joe Biden, —, Jaysin Saxton, Saxton, we've, Biden, Pennsylvania, Donald Trump, John Fetterman, Mary Samaroo, Samaroo, Trump, Nora Dumenigo, Dumenigo, Renee Dozier, Mike Brown, he's, Brown Organizations: Saturday . Union, Service, Starbucks, National Labor Relations, AFL, University of Pennsylvania, Pennsylvania's Democratic Party, Senate, of Health, Human Services, Service Employees International Union, SEIU, Republican, Miami International Airport, International Brotherhood of Electrical Workers Locations: Philadelphia, Augusta , Georgia, Pennsylvania, Scranton, Queens, Afghanistan, Cuba, Boston

☆ Catastrophe-proof and dirt cheap — Home Depot's $44,000 DIY tiny house underscores America's obsession with small living
▼ + stars: | 2023-06-14 | by ( Laurin Meyer | ) www.businessinsider.com time to read: +7 min

In Germany, the trend towards tiny houses is associated with financial risks due to the peculiarities of German law. And it seems that Americans are also thrilled about the hardware store house. Excessive regulations and requirements hinder tiny houses in GermanyNevertheless, the demand for tiny houses is also growing in Germany. "It is easier to build your tiny house according to the individual building regulations of the selected property than to first build the tiny house and then look for a plot of land," explains the German Tiny House Association. Furthermore, it is often generally expensive to find a suitable place for one's own tiny house.

Persons: —, Nature, Zillow Organizations: Service, Home Depot, Twitter, Tiny House Association . Locations: Germany, United States, California, Oklahoma

The video does not disclose any potential AI use and the DeSantis campaign did not respond to a question about whether the images were fake or whether AI was used to create them. A person with knowledge of the DeSantis campaign operation said the Trump side had been "continuously posting fake images and false talking points to smear the governor." The Trump campaign did not immediately respond to a request for comment. Drexel professor Stamm's forensics analysis tool suggests the images were made using an AI model called a diffusion model, which underpin popular AI image generation products like DALL-E and Stability AI. "At some point the AI systems will be outputting images that have no differences from real images," said James O'Brien, a professor of computer science at the University of California, Berkeley.

Persons: Donald Trump, Russell Cheyne, Anthony Fauci, Trump, Fauci, Ron DeSantis, Matthew Stamm, Hany Farid, DeSantis, Drexel, Biden, James O'Brien, Alexandra Ulmer, Anna Tong, Seana Davis, Rosalba O'Brien, Stephen Coates Organizations: U.S, Republican, Aberdeen International Airport, REUTERS, FRANCISCO, Republican White, Twitter, Trump, Drexel University, University of California, Republican National Committee, RNC, Thomson Locations: Aberdeen, Scotland, Britain, Florida, Berkeley, U.S, China, Taiwan, San Francisco

☆ DeSantis Campaign Uses Apparently Fake Images to Attack Trump on Twitter
▼ + stars: | 2023-06-08 | by ( Nicholas Nehamas | ) www.nytimes.com time to read: +2 min

In turn, Mr. DeSantis’s camp suggested the images were obviously fake, comparing them to memes circulated by Mr. Trump and his allies. But those images — which included a video of Mr. DeSantis in a woman’s suit adapted from “The Office” and a “recording” of a conversation between Mr. DeSantis, Adolf Hitler and the Devil — were clearly intended to be humorous and easy to discern as doctored. Who knows?” The image, which appeared to be photoshopped, had earlier been posted by Mr. Trump on his Truth Social website. “This is the big information security problem of the 21st century,” said Matthew Stamm, an associate professor of electrical and computer engineering at Drexel University who reviewed the images of Mr. Trump and Dr. Fauci and strongly doubted their authenticity. Unlike Mr. DeSantis’s video, the R.N.C.

Persons: DeSantis’s, Trump, DeSantis, Adolf Hitler, Christina Pushaw, ”, Matthew Stamm, Fauci, Biden Organizations: Mr, Twitter, Republican, Drexel University, Republican National Committee Locations: China, Taiwan

☆ German industrial orders fall unexpectedly in April
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 6 (Reuters) - German industrial orders fell unexpectedly in April, dragged down by large-scale orders, data from the federal statistics office showed on Tuesday. Industrial orders fell by 0.4% on the previous month on a seasonally and calendar adjusted basis. Excluding large-scale orders, there was an increase of 1.4% in April compared to the previous month. Year-on-year, industrial orders were down 9.9% in April. Domestic orders rose by 1.6%, while foreign orders sank by 1.8% on the previous month, the statistics office data showed.

Persons: Holger Schmieding, Schmieding, Franzisca Palmas, Maria Martinez, Anastasiia, Rachel More Organizations: Reuters, Companies, Capital Economics, Thomson Locations: Franzisca, Europe, Berlin, Gdansk

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

☆ Congolese artists wear costumes made of trash to shine a light on Kinshasa’s pollution problem
▼ + stars: | 2023-06-01 | by ( Flo Cornall | ) edition.cnn.com time to read: +4 min

Artist Junior Mungongu made an interactive costume from plastic bottles and lids to raise awareness of the city’s lack of action on single-use plastics. Walking around the city in his elaborate creation, he engages with his audience by asking people to screw plastic bottles onto the lids. Artist Junior Mungongu wears a costume made out of plastic bottles and lids. Colin Delfosse“Giving echo”Brussels-based photographer Colin Delfosse has created “Fulu Act,” a portrait series featuring some of the KinAct artists. It is estimated that Kinshasa’s inhabitant, known as “Kinois,” produce around 9,000 tons of garbage daily, including 1,500 tons of plastic waste which clogs rivers, contributing to flooding.

Persons: Junior Mungongu, “, ”, Colin Delfosse, Jean Precy Numbi, ” salvages, Samba, ” Jean Precy Numbi, Delfosse, “ I’m Organizations: CNN, Democratic, Sony Locations: Democratic Republic of Congo’s, Kinshasa, Colin Delfosse Belgium, Congolese, DRC, Lingala, Europe, Africa, Brussels

☆ Private jets get a bad rap. Jetex is trying to make them greener
▼ + stars: | 2023-05-29 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +7 min

Because they often travel shorter distances than commercial jets, private jets are generally less efficient, and their emissions per passenger are much higher. According to data from European non-profit Transport and Environment, private jets can be five to 14 times more polluting than commercial planes, and 50 times more polluting than trains. Yet the private aviation sector has seen considerable growth in recent years. EVTOL aircraft have a more limited range than private jets, and would be used for short flights around and between cities – which, in the future, could be an eco-friendlier option for the many celebrities who’ve been criticized for traveling short distances in their private jets. “We are seeing some really exciting innovations coming from private aviation,” said Dr. Kearns.

☆ Old trailer parks are being torn down, driving up homelessness as one of the last options for low-income renters fades away
▼ + stars: | 2023-05-21 | by ( Anita Snow | Associated Press | ) www.businessinsider.com time to read: +8 min

Residents of mobile home parks in Arizona are being asked to leave, so student housing can be built. Mobile homes, not always mobile, are hard to repair so they're being razed. "We are in the deepest affordable housing crisis we've ever experienced," said Joanna Carr, acting head of the Arizona Housing Coalition. Efforts under way to revitalize old mobile homes have limits. Many park residents are Spanish-speaking immigrants earning minimum wage as landscapers or restaurant workers.

☆ Top Russian energy diplomat visits Iran; wants more cooperation in oil, gas
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - Russian Deputy Prime Minister Alexander Novak, in charge of energy diplomacy, started a visit to Iran on Tuesday and stressed the benefits of more cooperation in the oil and gas sectors, Moscow said. Russia and Iran, both under Western sanctions, are forging closer ties in order to support their economies and to undermine Western sanctions which they both cast as unjustified. "The oil and gas industry is a backbone for the economies of our countries. Strengthening bilateral cooperation in this area will undoubtedly increase the economic sustainability of Russia and Iran," it quoted Novak as saying. The two sides also discussed cooperation in the field of electrical and nuclear energy as well as renewable energy sources, the statement added, but gave no details.

☆ Schneider Electric Expands North American Manufacturing
▼ + stars: | 2023-05-15 | by ( Liz Young | ) www.wsj.com time to read: 1 min

Schneider Electric is moving some manufacturing to North America from Asia and Europe. Here, a Schneider facility in Tianjin, China. Photo: Li Ran/Zuma PressSchneider Electric , one of the world’s largest makers of electrical and automation products, is shifting some manufacturing closer to the U.S. from factories in Asia and Europe as it pushes ahead with a regional manufacturing strategy. The moves are meant to position the France-based company, which makes goods such as light switches, electric-vehicle chargers, home-automation systems and data-center equipment, to meet growing demand in North America and to compete for federal subsidies aimed at expanding manufacturing in the U.S.

[1/2] Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023. REUTERS/Joseph WhiteLOUISVILLE, Kentucky, May 1 (Reuters) - Shutting down the assembly lines that build Super Duty pickup trucks at Ford Motor Co's (F.N) Kentucky Truck Plant is a multimillion-dollar action company managers try hard to avoid. As part of a new approach to stamping out quality demons, Kentucky Truck Plant manager Joseph Closurdo said he stopped production for as long as three days earlier this year. Slashing the tax that quality problems levy on Ford's profitability has become Job One for Chief Executive Jim Farley. We did not start shipping until we saw consistent delivery on those targets," Super Duty Chief Engineer Andrew Kernahan told Reuters.

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