Ford Europe’s Future Under Scrutiny Again As Profit Prospects Melt

June 13, 2018

Via: Forbes

As Ford Motor prepares revolutionary but unspecified changes to enable the company to survive and thrive in an era of autonomous and electric cars, investors are wondering if unprofitable parts of the company like Ford Europe can survive the transition. […]

What Manufacturing Associations are Saying About the Tariffs

June 4, 2018

Category: Regulations

As of June 1, the tariffs on steel ( 25%) and the tariffs on aluminum (10%) became effective. Manufacturing associations reacted swiftly and strongly letting the administration know how this would affect their respective markets. Reaction ranged from warning that […]

May U.S. sales expected to rise behind extra selling day, holiday deals

May 30, 2018

U.S. new-vehicle sales are expected to rise in May, thanks to an extra selling day and deals over the long Memorial Day weekend. Forecasts from Cox Automotive, Edmunds and LMC Automotive/J.D. Power call for sales to rise about 3 percent, […]

Industry Focus Areas, Motorized Vehicle

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

June 13, 2018

Via: Reuters

The value of six-year-old Grab will be just over $10 billion after the investment, said a person familiar with the matter. The deal comes as the auto industry faces a spike in the need for technological prowess with the advent […]

Energy, Industry Focus Areas

Corps to wrap up Dakota Access pipeline work in 2 months

June 12, 2018

Via: Penn Energy

BISMARCK, N.D. (AP) — The U.S. Army Corps of Engineers within the next two months expects to wrap up an environmental study of the Dakota Access oil pipeline after recently meeting with four American Indian tribes battling the pipeline in […]

Design &Planning, Process

General Electric to end manufacturing operations at its Virginia plant

June 12, 2018

Via: Manufacturing Global

The Boston-headquartered conglomerate, General Electric (GE), has confirmed it will be closing the manufacturing operations at its Virginia, plant. The power unit will keep the site’s engineering centre open, which employs 200 people. More than 260 people will lose their […]