Industrial Shares Rise as Data Center Hopes Lift Markets

Boeing plans to cut about 5% of its core commercial workforce, or roughly 2,500 positions. The company’s effort to increase production of its 737 Max jets has not gone as smoothly as planned, executives said last month.

Tesla Chief Executive Elon Musk said the company is seeing demand for its Cybertruck, despite plans announced last week to stop producing the electric pickup next year and make room for more Cybercab autonomous vehicles. Musk said some customers who paid deposits will receive refunds rather than trucks.

The National Highway Traffic Safety Administration is investigating reports of burn injuries linked to airbag deployments in certain Ford vehicles. The agency said its preliminary evaluation covers an estimated 1.2 million vehicles, including Ford Explorers from model years 2021 through 2026.

Honda said Monday it will invest $3 billion to build a new Ohio plant and expand hybrid production. The facility is expected to have annual capacity of 240,000 vehicles, lifting Honda’s total U.S. auto production capacity to about 1.3 million a year.