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Caterpillar Profit Rises Despite Lower Revenue

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.

AI Enters Inspections

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.

Lightning eMotors Introduces New Model

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.

Slow Auto Recovery Is Forecast

The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.