By Satoshi Sugiyama TOKYO (Reuters) -Japan’s factory output tumbled last month driven by typhoon-led disruptions in motor vehicle production and weak U.S. sales, with the government and analysts cautioning about a subdued outlook that raises the hurdle for a solid economic recovery. Industrial output fell 3.3% in August from the previous month, data released by the Ministry of Economy, Trade and Industry (METI) on Monday showed, worse than a median market forecast for a 0.9% drop. “Taking into account overseas factors, it is difficult to expect a significant increase in production in the near future, and the pace of recovery…
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Italian motorcycle manufacturer Aprilia has revolutionized the industry with the introduction of the RSV4 X ex3ma, the world’s first production motorcycle equipped with ground-effect aerodynamics. Inspired by the concept used in aviation, this innovative design aims to enhance stability and performance on the track. By incorporating stepped fairing and cornering wings, similar to an inverted aircraft wing, the RSV4 X ex3ma generates significant downforce, improving traction and reducing the likelihood of wheelies. This groundbreaking technology, initially tested on the RS-GP 24 MotoGP prototype, is now available to the public, offering riders an unparalleled level of control and performance. Aprilia RSV4…
The establishment of a permanent lunar presence necessitates a unified timekeeping system that aligns with Earth’s standards. In response to this challenge, NASA, under the direction of the White House, has initiated the Coordinated Lunar Time (LTC) project. This collaborative effort involves various stakeholders, both domestic and international, aiming to synchronize timekeeping across celestial bodies. While atomic clocks are the foundation of Earth’s Coordinated Universal Time (UTC), their implementation on the Moon presents unique challenges. NASA’s research indicates that lunar surface clocks may experience a faster ticking rate, potentially leading to significant discrepancies. NASA’s Coordinated Lunar Time Project Aims to…
A worker assembling a loader transmission mechanism at a manufacturer in Qingzhou, China.Nurphoto | Nurphoto | Getty ImagesChina’s factory activity contracted for a fifth consecutive month in September as the world’s second-largest economy struggles to revive its growth momentum.The official manufacturing purchasing managers’ index came in at 49.8 in September, compared with 49.1 in August, 49.4 in July and 49.5 in June, according to data from the National Bureau of Statistics released on Monday. A PMI reading above 50 indicates expansion in activity, while a reading below that level points to contraction. The data beat the 49.5 expected among economists polled…
BEIJING (Reuters) – China’s factory activity in September shrank for a fifth straight month while the services sector slowed sharply, suggesting even more stimulus is needed to hit Beijing’s 2024 growth target with only three months left in the year. The National Bureau of Statistics (NBS) purchasing managers’ index (PMI) released on Monday nudged up to 49.8 in September from 49.1 in August, still below the 50-mark separating growth from contraction but beating a median forecast of 49.5 in a Reuters poll. The reading was the highest in five months. Together with a downbeat private-sector Caixin survey also released on…
(Bloomberg) — Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.Most Read from BloombergThe CSI 300 Index jumped as much as 6.5% on Monday, the most since 2015, as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest…
The iconic Chevrolet C/K series, a staple in the American automotive world for decades, has left an indelible mark on the hearts of enthusiasts and car culture aficionados alike. Offered through both Chevrolet and GMC, this full size light duty and medium duty truck series, spanning four generations, has fascinated audiences with its versatility, durability, and timeless design. From the original 1960 model to the final iterations in 2002, the C/K series has competed fiercely with the Ford F-Series and Dodge (later Ram) pickups, earning a loyal following that transcends generations. The “C” model code designated two wheel drive options,…
The electric vehicle world has undergone a remarkable transformation, with models like the Lucid Air proving their mettle in high performance arenas. This recent drag race against a Dodge Charger 392 Scat Pack showcased the Lucid Air’s exceptional capabilities, highlighting the growing dominance of electric vehicles in the automotive industry. While the Charger’s internal combustion engine offered raw power, the Lucid Air’s electric motors delivered a more refined and efficient performance. The instantaneous torque and smooth acceleration provided by the electric drivetrain allowed the Lucid Air to quickly pull away from the Charger, demonstrating its superior acceleration and performance. Lucid…
By Wayne Cole SYDNEY (Reuters) – Asia share markets were mostly firmer on Monday as China announced more stimulus measures, though the dived on concerns Japan’s new prime minister favoured normalising interest rates. Continued Israeli strikes across Lebanon added geopolitical uncertainty to the mix, though oil prices were still weighed down by the risk of increased supply. [O/R] The week is packed with major U.S. economic data including a payrolls report that could decide whether the Federal Reserve delivers another outsized rate cut in November. The Nikkei led the early action with a dive of 4.0% as investors anxiously waited…
Earlier this year, it was reported that Stellantis CEO Carlos Tavares was open to cutting brands struggling to achieve profitability and maintain sales. While successful marques like Jeep and Ram are secure, buoyed by popular models such as the Wrangler and 1500 pickup, several other brands under the Stellantis umbrella, including Alfa Romeo, have faced challenges. Now, Alfa Romeo has announced a significant streamlining of its lineup in the U.S., with its three core models—the Giulia sedan, Stelvio SUV, and hybrid Tonale crossover—being reduced to just a single trim level each for the 2025 model year. In 2024, each of…