The Boeing Co has closed out the 757 commercial jet program with the last of the 1,050 jets to roll off the assembly line. \nT-shirts showing a 757 with the words, "Celebrate the Legacy," were worn by thousands of past and present Boeing workers on Thursday at a ceremony marking the end of two decades of production of the 200-passenger plane in this Seattle suburb. \n"A big chunk of my life has been spent on this program," said Clyde Brown, who worked on the 757 line from the start more than 22 years ago to the end. "That plane has been good to me." \nThe last 757 is scheduled for delivery to Shanghai Airlines in April. \nBrown and many other workers will now work on another plane that figured in the demise of the 757 -- the newest models of the 737, also made in Renton. No layoffs from the end of 757 production are planned. \nAlan Mulally, head of the company's commercial airplane division, said Boeing plans to "crank up" 737 production but gave no details. \nBoeing, based in Chicago, announced in July that after cutting more than 27,000 jobs in three years, about 3,000 workers will be hired in the Puget Sound region by Dec. 31. \nMany are in technical and engineering jobs for the 7E7 program in Everett and a military program to equip the 737 airframe as a Navy submarine-hunting aircraft. \nAny new hires for 737 production were factored into Boeing's employment forecast in July, a spokeswoman said. \nMulally was an engineer on the original design team for the 757 program, which was headed by Philip Condit, who went on to become chief executive of Boeing but resigned earlier this year in an uproar over the use of dubious methods to win government contracts. \nAt the ceremony Mulally noted that all but 20 of the 757s remain in service worldwide. \n"It has one of the great safety records of any plane in the world," he said. \nOne unique feature for Boeing was simultaneous design of the single-aisle 757 and the widebody 767, which is assembled in Everett. \nDespite differences in size and range, they were designed with common flight decks so pilots trained on one could fly the other with little additional training, resulting in big cost savings for airlines. \nSales of 757s reached a peak of 99 planes in 1992 but declined to 45 by 2000, then plummeted in the airline industry slump that followed the terrorist attacks of Sept. 11, 2001. \nTwo of the three planes seized by the terrorists were 757s. One hit the Pentagon and the other crashed into a field in Pennsylvania after passengers stormed the cockpit. \nFactors in the end of the line for the 757 include development of bigger, more economical and longer-range 737 models, the 7E7 Dreamliner that Boeing plans to begin building in 2006 and competition from Airbus SAS. \nStill, Mulally said predicted that Boeing would be providing product support for the 757 for "the next 30 to 40 years."
Tesla Inc temporarily halted some production at its auto assembly plant in California because of problems with its supply chain, but work has begun to resume, CEO Elon Musk told employees in an e-mail on Thursday. “We are experiencing some parts supply issues, so took the opportunity to bring Fremont production down for a few days to do equipment upgrades and maintenance,” Musk said in an all-staff message seen by Bloomberg. The factory was “back up and running as of yesterday,” and would rapidly ramp up to full production of Model 3 and Model Y cars “over the next several days,”
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to post a 25 percent year-on-year increase in sales in the first quarter of this year to US$12.91 billion, up from US$10.31 billion a year earlier, as its production is at full capacity, market advisory firm TrendForce Corp said in a note last week. The increase would help TSMC cement its leadership in the industry by taking a 56 percent market share in the global pure wafer foundry business, TrendForce said. Its forecast was in line with TSMC’s estimate in January, which pointed to a range of US$12.7 billion to US$13 billion for the
MULTI-USE: The arrangement of seats in future vehicles would be different, allowing passengers to do everything they do at home, the CEO of the firm’s EV platform said Electric vehicles (EVs) developed on a Hon Hai Precision Industry Co (鴻海精密) platform would be built like “a smartphone on a different platform,” Jack Cheng (鄭顯聰), chief executive officer of the Hon Hai-initiated MIH Open Platform Alliance, said on Saturday. It would be the ultimate goal to make vehicles built on the platform an extension of the driver’s home, he said during an online presentation. The alliance aims to provide resources to automakers and boost Taiwan’s EV development, with a vision to make an EV its owner’s “second home,” Cheng said. “Whatever they can do in their home, they will be able
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was on Thursday set to sell local currency bonds, as it prepared for a spending blitz amid a global chip shortage. The world’s largest contract chipmaker planned to price about NT$16 billion (US$565.25 million) of notes in three parts in an auction, though the actual issuance size might change. The manufacturer would have to contend with a recent rise in rates globally that has sent many corporate bond yields up from record lows in the past few weeks. The debt offering comes at a promising time for the semiconductor industry as the world scrambles its way