Boeing has agreed to purchase Spirit AeroSystems, a manufacturer of jet fuselages that it spun off from its operations in Wichita in 2005, in an $8.3 billion deal. By incorporating Spirit back into its operations, Boeing aims to streamline its production process following concerns about the quality of its work. Spirit was responsible for building the door panel that came off a 737 MAX during take-off in January and also produces components for Airbus, which will be sold to the European aerospace company as part of the acquisition.
Meanwhile, Tesla delivered nearly 444,000 electric vehicles in the second quarter, despite a decrease of almost 5% compared to the same period last year and marking the carmaker’s second consecutive quarterly sales decline. However, Tesla’s stock price saw a significant increase due to market expectations that were for a larger drop, leading to a positive response from investors. Despite this setback, Tesla maintains its position as the world’s top seller of electric vehicles at least for now. In contrast, Chinese competitor BYD saw a 21% increase in deliveries of pure battery electric vehicles, reaching 426,000 units.
