Foxconn

Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

HONG KONG—Foxconn Technology 2354 -0.76% Group is scrambling to contain a weekslong Covid-19 outbreak at an iPhone factory in central China, trying to appease frightened and frustrated workers during a crucial period for smartphone orders. In Foxconn’s main Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s AAPL 7.56% iPhones, hundreds of thousands of …

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Hyundai and Kia Will Lose $2 Billion on Fixing Bad Engines This Quarter

Hyundai and Kia Will Lose $2 Billion on Fixing Bad Engines This Quarter

Image: Hyundai Hyundai’s offsetting much of its earnings with engine repairs, Honda dealers are shaking in their boots because somebody said “direct sales,” and we all just want Nissan and Renault to work this out. All that and more in Tuesday’s Morning Shift for October 18, 2022. 1st Gear: So Many Engines to Fix That …

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