Orders for durable goods fell in September paced by declines in orders for transportation equipment.
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General Motors Co. posted a lower third-quarter profit because of the 40-day United Auto Workers union strike.
Fiat Chrysler Automobiles said Thursday it wants to go to the merger altar again. This time, it’s with Paris-based PSA Group.
Much has changed in the world of automotive accessory designing, engineering, and manufacturing in the past few years. Sales and after sales of automotive parts have witnessed a surge in data-usage across the horizontal and vertical value chains between suppliers, business partners, internal departments, and the end-customers.
The concepts Industry 4.0 in Europe, Made in China 2025 and smart manufacturing in the U.S. “all share a common goal—to create cyber-physical systems to innovate in manufacturing,” IDC's Bob Parker said at Dassault Systèmes’ recent Manufacturing in the Age of Experience event. “And it’s really dependent on a set of new technologies like IoT (the Internet of Things) and artificial intelligence (AI).”
FANUC is expanding its presence and capabilities near its North American headquarters campus.
Ford Motor Co. said its third-quarter profit declined by more than half as the automaker continues to revamp its operations outside North America.