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Auto Industry to Confront Challenges in 2023

The auto industry will confront various challenges this year as automakers expand investment in electric vehicles and move on from the COVID-19 pandemic, speakers at a Federal Reserve Bank of Chicago conference said today.

DoE Announces $2.5 Billion Loan for Battery Plants

The U.S. Department of Energy today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.

Five-Axis Industries Drives Quality With Inspection

To raise the bar on the status quo in unlimited hydroplanes, Ellstrom Racing started Five-Axis Industries, which in the beginning was essentially a hobby shop specializing in five-axis machining to make difficult-to-manufacture parts from hard metals, including titanium and stainless alloys.

Lacks Names Two Co-Chairs of Board

Lacks Enterprises, Inc. said John Kennedy and Darren R. Jackson have accepted the position of Co-Chairs of the Board of Directors, effective Jan. 1.