Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”
Extreme complexity is inherent to jet engines of all sizes, from those on a Boeing 777x to ones that power the smallest drone.
Tesla and the march to all-electric cars and trucks may get most of the press. But the reality is that most U.S. automakers need to tackle the twin challenges of building both new components unique to electric vehicles while also building internal combustion engines (ICEs) that are ever-more fuel efficient.
The creation of Stellantis through the merger of PSA and Fiat Chrysler is the newest test of the workforce of the former Chrysler Corp.
Honda Motor Co. this week began production of the 2022 Acura MDX. The company is using virtual reality, in combination with traditional training, to get output up to speed.
Rusal America releases new line of aluminum alloy powders for Additive Manufacturing.
Boeing Co. this week said it agreed to pay more than $2.5 billion because of fatal crashes stemming from problems with the 737 Max. The company is looking to the settlement a way to move on from a corporate crisis.
GF Machining Solutions said it will transition in phases to a direct sales and support model in several key states.
The SME Education Foundation has announced a new $2 million diversity, equity and inclusion scholarship to increase awards to underrepresented students, beginning in 2021.
FANUC America and Plus One Robotics said they have paired their technologies to meet the needs of their mutual customers in e-commerce.
