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.
Dedicated in-house labs create and optimize laser welding processes for electric motors and batteries.
European engineering services provider Expleo USA Inc. is establishing its first North American research and development facility in Michigan.
Toyota Motor Corp. said today it will spend about $50 million to build a new battery laboratory at its North American R&D headquarters in York Township, Mich.
Ford Motor Co. said it is returning to the international Formula One race circuit starting in 2026.
General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.
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.
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.
