Car Production

Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan - the two types it makes in China - by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.Elevate Your Tech Prowess with…

United Kingdom’s car production numbers went into the green in October following a fall noticed in September. Recently released data suggests that car manufacturing in the UK in October rose by 7.4 percent to climb up to 69,534 units.Also Read: Tesla Surpasses 3 Million Car Production Milestone: Elon MuskAlthough presenting a positive outlook in terms of short-term boost, the figures, unveiled by the Society of Motor Manufacturers and Traders (SMMT), also suggest that car manufacturing in the UK is running at…