Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
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General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.
Demand for automation and robots is surging in multiple industries, including automotive, writes the CEO of Thomas.com.
An Israeli company has developed new artificial intelligence technology that promises to dramatically change how original equipment manufacturers and their suppliers conduct quality control inspections.
Durable goods orders increased in September on transportation equipment, the U.S. Commerce Department said today.
Ford Motor Co. today reported a third-quarter earnings rebound on sales of trucks and SUVs. The automaker cautioned some bumps remain.
General Motors Co. today reported a third-quarter earnings recovery on sales of high-profit trucks.
Lightning eMotors, a provider of commercial electric vehicles for fleets, today announced the debut of a new model of its Class 3 Lightning Electric Transit Van.
The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.
Manufacturing has been in the middle of the outbreak of the coronavirus (COVID-19) from the start. The impact is expanding as the virus spreads.