AI Enters Inspections September 8, 2020 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.
GM Quarterly Profit Falls Amid COVID-19 May 6, 2020 General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.
Lightning eMotors Introduces New Model December 16, 2020 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.
Manufacturing Adds 27,000 Jobs, Led by Motor Vehicles December 4, 2020 U.S. manufacturing added 27,000 jobs last month, buoyed by gains in motor vehicles and parts, the Labor Department said today.
Caterpillar Profit Falls as Product Demand Drops October 27, 2020 Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.
EMO 2021 Scheduled for October 2021 in Milan, Italy September 24, 2020 Betting that the worst of the pandemic will be over and travel restrictions lifted, the 2021 edition the machine tool exhibition is putting out the welcome mat to the world.
Auto Industry Gets Back Into Gear Following COVID-19 Shutdown August 17, 2020 The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.
Manufacturing Loses 12,000 Jobs, Paced by Motor Vehicles February 7, 2020 U.S. manufacturers cut 12,000 jobs in January, led by a loss of jobs in the motor vehicles sector. Makers of vehicles and parts pared 10,600 jobs, according to the U.S. Bureau of Labor Statistics.
Ford Suspends Dividend, Taps Credit Lines Because of COVID-19 Pandemic March 19, 2020 Ford Motor Co. said today it’s suspending its stock dividend and tapping credits lines to ensure it has enough cash amid the outbreak of the coronavirus (COVID-19).
Durable Goods Orders Rise in February March 27, 2020 Durable goods orders rose in February before the novel coronavirus (COVID-19) began to hit the U.S. economy.