2020
11 Jun
Ford recalls about 2.5 million vehicles for latch, brake troubles

Ford is recalling nearly 344,000 F-150 pickups in the U.S. and Canada to fix a fluid leak from the brake master cylinder. Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak. The door latch recall covers more than 2.1 mill

2020
11 Jun
ABB CEO targets profitability as COVID-19, oil price slump bite

The former Sandvik boss said ABB would focus on a decentralised business model, giving more responsibility to 18 divisions. ABB will focus on profitability before growth, Chief Executive Bjorn Rosengren said on Wednesday, as the Swiss engineering group tackles weaker demand caused by the COVID-19 pandemic and

2020
11 Jun
Tesla becomes world’s most valuable automaker, hits $1,000 per share

Tesla’s shares rose about 6% to hit $1,000 on Wednesday after Reuters reported Musk’s email, making the Silicon Valley company the second-most valuable automaker in the world. Tesla Inc’s (TSLA.O) stock jumped above $1,000 a share on Wednesday after Chief Executive Elon Musk told his staff it was time to bring

2020
11 Jun
Winshuttle and ABBYY Announce Partnership

Winshuttle is pleased to announce a new partnership with the leader in Intelligent Document Processing, ABBYY, a Digital Intelligence company.   As part of this new alliance, Winshuttle and ABBYY will partner to help organizations deliver on their digital transformation go-live projects, which involves extracting data from p

2020
11 Jun
Applied Motion Offers TruCount Encoders with Integrated Motors

Applied Motion Products provides a series of integrated motors featuring multi-turn, absolute encoders that do not require batteries or external power to track position when the motor is powered off. The new encoders, called TruCount Encoders, make use of a special energy harvesting technique to enable battery-less functionality. When po

2020
10 Jun
Major steel players may shelve capex plans: CRISIL

In the near-term, steel manufacturers are expected to focus on managing liquidity, alongside augmenting sales volume and liquidating inventory through domestic sales or exports. With the steel demand expected to decline by 13-15 per cent during this fiscal, major industry players have decided to eith

2020
10 Jun
VW CEO Herbert Diess apologises after row with supervisory board

The public announcement of his apology amounts to a severe admonishment of Diess, who saw his responsibilities reduced on Monday after infighting over the pace and scope of cost-cutting plans.  Volkswagen CEO Herbert Diess has apologised to the carmaker's supervisory board after accusing some of

2020
10 Jun
Skoda employees pool in money to donate PPE kits, ventilators to GMCH

GMCH Aurangabad is the only state-run dedicated covid hospital (DCH) in Aurangabad division, which gets patients from Jalna, Parbhani, Hingoli and Aurangabad districts. Employees of automobile company Skoda Auto Volkswagen, India, which runs a plant in Aurangabad, contributed a day’s salary and raised Rs 1.2 c

2020
10 Jun
IMTS Cancelled for the First Time Since WWII

Because of health and safety requirements imposed by the state of Illinois for holding conventions, which include the availability of a vaccine for the COVID-19 virus or a highly effective treatment protocol, IMTS – The International Manufacturing Technology Show has announced that it has cancelled IMTS 2020.  IMTS

2020
10 Jun
NORD Launches Surface Protection Program

NORD DRIVESYSTEMS has launched a new surface protection program to streamline existing options and add additional selections to accommodate a wide range of demanding applications. This new format has a simplified naming convention and descriptions that outline the best use for each coating type. The expanded solutions include a new epoxy

2020
09 Jun
Maruti Suzuki partners with Mahindra Finance for car finance schemes

Maruti Suzuki claims that in last five years, over six lakh Maruti Suzuki customers have financed their cars from Mahindra Finance.  Maruti Suzuki India Limited (MSIL) on Tuesday has announced its partnership with Mahindra Finance to offer the customers car finance schemes. As Maru

2020
09 Jun
Nissan CEO says focusing on making batteries more competitive

Makoto Uchida said that shareholding changes in the Renault-Nissan alliance are not something being discussed today.  Nissan CEO Makoto Uchida expects the company's electric vehicles must be competitive, which will be the key component in the future. He said that making battery prices more compet

2020
09 Jun
AckoDrive offers contactless platform for car buyers

Customers can now complete the entire car purchase journey from the comfort of their homes without the need to visit a dealership, claims AckoDrive. With rising concerns around using shared mobility and safety in the wake of Covid 19 pandemic, customers are looking to invest in their own new car for their regu

2020
09 Jun
Timken returning to space aboard next-gen satellite

We’re heading back into orbit. When NASA launches the James Webb Space Telescope in 2021, it will be equipped with customized Timken precision bearings. The Webb Telescope will be the largest and most powerful in space. In fact, it’s 100 times more powerful than its predecessor, the Hubble Telescope. Also, the Webb Telescope will orb…

2020
09 Jun
Siemens Digital Introduces Workplace Distancing Solution

Manufacturers are facing new challenges as they look to restart or maintain operations during the ongoing COVID-19 pandemic. As preparations are made for the “next normal”, manufacturers must consider additional dimensions of employee safety, including the establishment of production environments and workflows that address physical dista

2020
09 Jun
Global Gear Appoints New President

Harshad Gujarathi has been named president of Global Gear of Downers Grove, IL, effective June 1. Gujarathi will take over for Cory Ooyen, the outgoing president, who remains with the company in a sales management role. Gujarathi rejoined Global Gear in March 2020 as vice president of operations, after six years at Reli

2020
08 Jun
Guardians of the world economy stagger from rescue to recovery

Creating jobs will be mission critical to cementing any upswing. That will need support for firms to retrain employees, incentives to hire older workers and for governments to continue with wage subsidies. More than one in six people have stopped working since the onset of the crisis, according to the International Labour Organization.

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