German-based automotive supplier Bosch said today it plans to invest $664 million in its U.S. operations this year.
Dayco, a leading engine products and drive systems manufacturer for the automotive, heavy-duty, and industrial market segments is awarded by Ford with “Q1 Certification” for its San Luis Potosi (SLP), Mexico facility.
Hitachi Astemo was created from the merger of Hitachi Automotive Systems with three former Honda affiliates.
Caterpillar Inc. today reported a higher second-quarter profit as sales of its heavy equipment increased.
Sharpe Products recently installed a BLM Group LT7 4-kW laser cutting system. This equipment cuts round, square, rectangle and open profile pipe or tube up to 6" OD.
When Rensselaer Polytechnic Institute needed clear plastic to make face shields for the coronavirus pandemic, conventional suppliers were unable to provide it. “We are now one of the largest purchasers of document covers in the country,” Robert Hull, acting VP for research at Rensselaer, said during a webinar that SME and CESMII – the Smart Manufacturing Institute hosted last week.
At a Tier 1 automotive manufacturer in Mexico, it quickly became clear that AI in the factory was a fantastic solution to help human workers achieve greater levels of success; a human plus machine scenario where AI enhances the capabilities of, rather than replaces, human workers.
The U.S. has not been competitive, so companies sourced offshore to meet consumer and industrial demand for low-priced goods. Fortunately, however, a positive localization trend since 2010 indicates an increasing rate of reshoring by U.S. companies and foreign direct investment by foreign companies.
Ford Motor Co. said today its fourth-quarter loss widened while adding it plans to increase its investment in electric vehicles.
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.