updated - August 12, 2020 Wednesday EDT
The LEGO Group has announced that it will be having a shortage of supplies of LEGO for the holiday season in some countries, according to a report from USA Today. The company has been doing so unexpectedly well that its manufacturers will be unable to keep up with demand come December.
Volkswagen AG announced in a press release that it will be recalling approximately 8.5 million vehicles in Europe in relation to the rigged diesel emission testing. The automaker announced the recall following the order of The Federal Motor Transport Authority or KBA to recall 2.4 million vehicles in Germany.
U.S. aviation giant Boeing has commenced the manufacture of the first 737 MAX commercial plane at its Renton, Washington production facilities. Around 2700 units of the aircraft model have been ordered and Boeing said that it is right on schedule.
Nike Inc., the biggest international sportswear manufacturer, stated that it will expect a higher profit margin every quarter since the brand strengthens its market presence in Europe and will concentrate on items that can generate stronger margin like Flyknit football boots.