The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.
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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.
Betting that the worst of the pandemic will be over and travel restrictions lifted, the 2021 edition the machine tool exhibition is putting out the welcome mat to the world.
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.”
Shyft Group, Inc. said it F3 MFG Inc. (“F3”), an aluminum truck body and accessory manufacturer.
The International Manufacturing Technology Show (IMTS), which would have been held in September in Chicago, has been canceled for the first time since World War II.
Last March when the pandemic hit, we had to shift in a lot of different ways, didn’t we? The lessons we learned and the actions we took in our personal and business endeavors during the early weeks of the pandemic may become a permanent pattern in the fabric of our lives.
The manufacturing, automotive and energy sectors are currently battling tremendous challenges as they respond to the unfolding COVID-19 crisis globally.
Leak detection testing is growing in importance with the development of electric and self-driving vehicles.
The National Association of Manufacturers said a quarterly survey shows strong use of liquidity programs like the Paycheck Protection Program and Main Street Lending Program.