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Drive for EVs Challenges Auto Industry as Never Before

Automakers during this decade face a big challenge. They are having to invest in electric vehicles. But EVs, at least for now, won’t generate the profits of conventional vehicles, according to an annual report by consulting firm AlixPartners.

Boeing Extends Retirement Age for CEO

Boeing said its Board of Directors has extended the company's age-65 standard retirement to age 70 for CEO David L. Calhoun. Calhoun, 64, has been the company's chief since January 2020.

Electrifying Development

The fast-paced eMobility market is characterized by emerging technologies and players, a lack of clearly defined standards and established solutions.

Hardinge Acquires Ohio Tool Works

Hardinge Inc. has acquired Ohio Tool Works, LLC. Hardinge said the deal will enhance its machine tool and workholding portfolio.