Rolls-Royce leaps as airline and defence demand lifts profits

Rolls-Royce, the esteemed aero-engineer, has significantly raised its full-year operating profit forecast by approximately 45% due to operational improvements, increased military expenditure, and a recovery in long-haul flying, resulting in a robust first-half performance that exceeded expectations.

As a result of these positive developments, the company’s shares surged by 20% to 183 pence, reaching their highest level since the onset of the pandemic in March 2020.

Rolls-Royce leaps as airline

The revised profit projection for the year now stands between £1.2 billion and £1.4 billion ($1.6-1.8 billion), up from the previous guidance of £800 million to £1 billion. This outperformed market forecasts, which were estimated at £934 million.

Tufan Erginbilgic, the Chief Executive who assumed his position in January, expressed satisfaction with the company’s turnaround, highlighting the evident progress across all divisions despite the challenges posed by supply chain constraints.

Rolls-Royce and its competitor, General Electric Co, have been benefiting from a faster-than-expected recovery in the aviation sector following the lows experienced during the pandemic, resulting in increased demand for aftermarket services and jet engine spare parts.

Analysts from Bernstein noted that the improved operations have been a crucial driver of Rolls-Royce’s better first-half and full-year performance, reflecting Erginbilgic’s focus on this key priority.

The company’s engines, which power long-haul aircraft like the Airbus A350 and Boeing 787, are tied to the hours flown by these planes, a model that caused difficulties when flights were grounded because of the pandemic. However, the rebound in air travel, coupled with increased defense spending because of the situation in Ukraine, has been beneficial for Rolls-Royce.

The company’s strong financial performance led to a nearly doubled stock value this year. For the first six months, underlying operating profit is expected to be just over twice the market expectation of £328 million.

Rolls-Royce has also showed solid cash flow, producing up to £360 million in free cash flow for the six months ending in June, surpassing the forecast of £50 million. It could generate as much as £1 billion of cash for the full year.

These positive developments show a promising trajectory for Rolls-Royce, with the company’s operational improvements, increased demand, and robust financial performance underlining its resilience in a challenging market environment.

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Cars

How to Identify American-Made Tires & Support Local Businesses

by George Mensah 2025-04-06

When it comes to vehicle maintenance, your tires are among the most critical components. They directly impact safety, fuel efficiency, and overall driving performance. With advancements in tire technology, major brands continuously compete to deliver superior durability, traction, and eco-friendly solutions. However, for many consumers, purchasing tires isn’t just about performance—it’s also about supporting local economies and American manufacturing.

Why Buying American-Made Tires Matters

In an era of globalization, many well-known “American” brands outsource production overseas. While this can reduce costs, it also means fewer jobs stay within the U.S. By choosing tires manufactured domestically, you contribute to:

✅ Boosting Local Economies – Supporting American workers and businesses.
✅ Higher Quality Standards – U.S. factories often adhere to stricter safety and environmental regulations.
✅ Reduced Carbon Footprint – Locally made tires require less transportation, lowering emissions.

But how can you be sure your tires are truly American-made? Here’s how to verify their origin.

How to Check Where Your Tires Were Manufactured

The U.S. Department of Transportation (DOT) requires all tire manufacturers to stamp a unique code indicating the production facility. Here’s how to decode it:

Locate the DOT Code – Found on the tire’s sidewall, it starts with “DOT” followed by a series of letters/numbers.
Identify the Plant Code – The first two characters after “DOT” reveal the manufacturing location.
Verify the Origin – Use the DOT’s Manufacturer Information Database (vPIC) to look up the plant.

Step-by-Step Guide:

Visit the NHTSA vPIC website.
Under “Manufacturer Information Database,” click vPIC MID.
Check the box for “Equipment Plants (Tires, Brake Hoses, Retread and Glazing).”
Select “Tires” from the dropdown menu.
Enter the DOT code (e.g., “CH” for Pirelli’s Hanford, CA plant).
Click “Search” to see the factory location.

Alternatively, we’ve compiled a list of major brands and their U.S. manufacturing codes for quick reference.

Top American-Made Tire Brands & Their U.S. Plants

1. Goodyear

Founded: 1898 in Akron, Ohio
U.S. Plants: Ohio (MB), Oklahoma (M6), Virginia (MC), Alabama (MD), North Carolina (MM, PJ), Kansas (MJ), Illinois (MN), Texas (MP, PL), Tennessee (MK)
Why Choose Goodyear? A legacy brand with a mix of budget and premium options. While some production occurs overseas, many tires are still made in America.

2. Cooper Tires (Now Part of Goodyear)

Founded: 1914 in Findlay, Ohio
U.S. Plants: Ohio (UP), Georgia (3D), Mississippi (U9), Arkansas (UT)
Why Choose Cooper? Known for affordable, high-mileage tires. Subsidiaries like Mastercraft and Mickey Thompson also produce U.S.-made tires.

3. TreadWright (100% American-Made & Eco-Friendly)

Based: Houston, Texas
Why Choose TreadWright?
- Only fully U.S.-made brand on this list.
- Specializes in retreaded tires, reducing waste.
- Uses recycled materials and 70% less oil than conventional tire production.
- Offers a 50,000-mile warranty on many models.

Foreign-Owned Brands with U.S. Factories

Many international tire companies operate American plants, providing jobs while maintaining global quality standards.

Brand	Origin	U.S. Plant Locations (DOT Codes)
Continental	Germany	IL (6B, A3), OH (A9), KY (AD), NC (AC), SC (VY)
Pirelli	Italy	CA (CH), TN (CK), GA (JR)
Michelin	France	SC (4M, M3, B6, B9), AL (B7)
Yokohama	Japan	VA (CC)
Firestone	Japan (Bridgestone)	IA, SC, NC, TN

Pro Tip: The AFL-CIO Union-Made in America list includes additional brands like Dunlop, Goodrich, and Kelly Springfield that produce union-made tires in the U.S.

Final Tips for Buying American-Made Tires

🔹 Ask Your Retailer – Some shops specialize in U.S.-made tires.
🔹 Check DOT Codes – Always verify before purchasing.
🔹 Support Small Businesses – Local tire shops often carry American brands.
🔹 Consider Retreads – Eco-friendly options like TreadWright reduce waste.

By choosing American-made tires, you invest in local jobs, higher quality, and sustainability. Next time you need new tires, check the DOT code—your purchase can make a difference!

Cars

Tesla Secures Ride-Hail Permit in California: A Step Closer to Its Robotaxi Dream

by George Mensah 2025-03-20

In a significant move toward realizing its ambitious robotaxi vision, Tesla has been granted a ride-hail permit by the California Public Utilities Commission (CPUC). This permit marks a crucial first step for the electric vehicle (EV) giant to launch a robotaxi service in California, a state at the forefront of autonomous vehicle innovation. While this development is a milestone, it also highlights the challenges and regulatory hurdles Tesla must overcome to bring its driverless ride-hailing service to the public.

What Does the CPUC Permit Mean for Tesla?

The CPUC has approved Tesla’s application to become a Transportation Charter-Party Carrier (TCP), a classification that allows the company to operate a fleet of vehicles for passenger services. Initially, this permit enables Tesla to transport its own employees in Tesla vehicles on a pre-arranged basis. However, the ultimate goal is to expand this service to the general public, though Tesla must notify the CPUC before making that transition.

It’s important to note that this permit is distinct from those held by ride-hailing giants like Uber and Lyft, which operate as Transportation Network Companies (TNCs). Unlike TNCs, which connect independent drivers with passengers via apps, Tesla’s TCP permit allows it to operate its own fleet with employed drivers—at least for now.

The Road to Robotaxis: Regulatory and Technological Challenges

While the TCP permit is a significant achievement, Tesla still has a long way to go before it can launch a fully autonomous ride-hailing service. Here are the key hurdles the company must address:

Autonomous Vehicle Testing Permits
To operate driverless vehicles commercially, Tesla must participate in CPUC’s Autonomous Vehicle Passenger Service Program. Additionally, the company needs permission from the California Department of Motor Vehicles (DMV) to test fully autonomous vehicles on public roads—a step it has yet to take.
Technological Readiness
Tesla’s autonomous driving technology, known as Full Self-Driving (FSD), has faced scrutiny over its reliance on a camera-only sensor suite. Unlike competitors that use a combination of cameras, radar, and lidar, Tesla’s approach has raised questions about its safety and reliability. Critics argue that the lack of redundant safety systems could pose risks, especially in complex driving scenarios.
Public Trust and Regulatory Compliance
Elon Musk has repeatedly promised that fully autonomous vehicles are just around the corner, only to miss self-imposed deadlines. These delays have led to skepticism about Tesla’s ability to deliver on its robotaxi promises. Building public trust and ensuring compliance with evolving regulations will be critical for Tesla’s success.

Tesla’s Current Progress and Future Plans

Despite these challenges, Tesla is making strides toward its robotaxi goals. During an earnings call earlier this year, Elon Musk revealed that the company plans to begin testing driverless operations in Texas this summer. He also mentioned that Tesla has been conducting internal tests with employees in the Bay Area, using safety drivers to monitor the vehicles.

Musk’s vision for Tesla’s robotaxi service is ambitious: he envisions a future where Tesla owners can add their vehicles to a shared autonomous fleet, generating income when the cars are not in use. This concept, often referred to as the “Tesla Network,” could revolutionize the transportation industry by reducing the need for private car ownership and lowering the cost of mobility.

Implications for the Ride-Hailing Industry

Tesla’s entry into the ride-hailing market could disrupt the dominance of companies like Uber and Lyft. By leveraging its vertically integrated ecosystem—combining vehicle manufacturing, software development, and energy solutions—Tesla has the potential to offer a more seamless and cost-effective service. However, its success will depend on its ability to address regulatory, technological, and safety concerns.

For consumers, a Tesla robotaxi service could mean greater convenience, lower costs, and access to cutting-edge technology. For the broader transportation industry, it could accelerate the adoption of autonomous vehicles and pave the way for new business models.

Conclusion: A Promising Yet Challenging Path Ahead

Tesla’s acquisition of a ride-hail permit from the CPUC is a significant milestone in its journey toward launching a robotaxi service. However, the company faces substantial challenges, including regulatory approvals, technological advancements, and the need to build public trust. As Tesla continues to test and refine its autonomous driving technology, the world will be watching closely to see if it can turn its robotaxi vision into reality.

For now, the permit allows Tesla to lay the groundwork for its ride-hailing ambitions, but the road to fully autonomous, commercial robotaxis remains complex and uncertain. As the industry evolves, Tesla’s progress will serve as a bellwether for the future of autonomous transportation.

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Rolls-Royce leaps as airline and defence demand lifts profits