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.
Renishaw's Manufacturing Roadshow to Make Stop in Michigan October 24, 2022 Renishaw’s Roadshow rolls into Auburn Hills, Mich., next month with the aim of delivering solutions to advanced manufacturing challenges faced by the automotive, aerospace, medical and electronics industries.
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.
GM Profit Rises on Vehicle Sales October 25, 2022 General Motors Co. today reported a higher third-quarter profit on increased revenue bolstered by more truck sales.
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.
Cutting Tool Orders Total $173.2M in July September 16, 2022 July 2022 U.S. cutting tool consumption totaled $173.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
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.