Ford Bails Out of Self-Driving Vehicles (For Now, Anyway) November 1, 2022 Ford Motor Co. last week reported a large third-quarter loss after writing off its investment in self-driving company Argo AI. The move demonstrated why managing in the auto industry is hard.
Eaton: Case Study for Suppliers Adapting to EVs October 31, 2022 Eaton provides a case study of how traditional auto suppliers are moving to adapt to the EV era.
Metalformers Forecast Dip in Economic Activity October 26, 2022 Metalforming companies forecast a dip in business conditions during the next three months, according to the October 2022 Precision Metalforming Association (PMA) Business Conditions Report.
Boeing Posts Third-Quarter Loss on Defense Unit October 26, 2022 Boeing Co. today reported a quarterly deficit after the aircraft maker recorded $2.8 billion in losses in its defense unit.
Durable Goods Orders Rise on Transportation October 27, 2022 New orders for durable goods rose in September, paced by transportation equipment, the U.S. Commerce Department reported today.
Caterpillar Profit Rises on Higher Revenue October 27, 2022 Heavy equipment maker Caterpillar Inc. today reported an increased quarterly profit as revenue rose.
Hankook Tire to Invest $1.6B in Tennessee Plant Expansion August 29, 2022 Tire maker Hankook Tire today announced that its board of directors approved a $1.6 billion investment to expand its Tennessee Plant, located in Clarksville, Tenn.
Toyota Using AI, 3D Printing as Tools August 25, 2022 Toyota Motor Corp. is using artificial intelligence and 3D printing to help it navigate the biggest changes the auto industry has seen in more than a century.
Two Events Return in September: One is Traditional, the Other Has a Revamp August 16, 2022 About a month from now, two established manufacturing-related events return from a long hiatus: IMTS and the Detroit Auto Show.
Honda, LG Energy Form Joint Venture to Make EV Batteries in U.S. August 29, 2022 LG Energy Solution and Honda Motor Co. announced an agreement to establish a joint venture to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market.