Large U.S. airlines revise 2020 forecasts, slash costs and flights

On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…

Panasonic likely to upgrade Japanese battery cell production plants to 2170 cells by March 2020

The development comes in the wake of Elon Musk, Tesla’s CEO, tweeting that Panasonic has been a constraint on Tesla’s production of the Model 3 since July 2018. Against the installed capacity of 35 GWh at Tesla’s Gigafactory at Nevada, Panasonic has operationalized only 24 GWh. On Thursday, as per a source familiar with the…