Rivian announces close of fourth funding round
January 13, 2020Rivian closed an investment round of USD 1.3 billion in late December, led by funds and accounts advised by T. Rowe Price Associates Inc., with Amazon, Ford Motor Company also participating.
ZKW expands locations in Mexico and Slovakia
January 10, 2020Before wrapping up 2019, the Austrian lighting systems specialist announced investments a total of over EUR 210 million euros in its production plants in Mexico and Slovakia.
Ford announces massive investment in MI
January 09, 2020Ford Motor Company has announced plans to add thousands of jobs and pump upwards of a billion dollars into two Michigan plants, to support an expansion that includes the company's electric and autonomous vehicle lines.
Don't forget about human inclusion in industry 4.0
November 19, 2019Michael Ford from Aegis Software is reminding the industry in the midst of connectivity that our most powerful asset is still the human employee.
Key points to consider when it comes to manufacturing data and the cloud
November 04, 2019People have begun describing their cloud systems as "the fog." I get the feeling the joke is based on actual events. Are we" venting" gases into the atmosphere with our data during this digital era just like we did during the industrial age?
RBVC, Ford and BMW invests in flexible electric circuit start-up
October 31, 2019Robert Bosch Venture Capital GmbH (RBVC), the venture capital company of the Bosch Group, announces that it has completed a series B follow-on investment in CelLink Corporation.
Ford is reorganising its European business – cutting 12000 jobs
June 27, 2019Ford is launching a new business model and fresh vehicle line-up as part of the most comprehensive redesign in the history of its business in Europe. Something that will also result in the closure or sale of plants.
Google moving hardware production out of China
June 14, 2019Alphabet Inc.’s Google is moving production of Nest thermostats and server hardware out of China, avoiding punitive U.S. tariffs and an increasingly hostile government in Beijing, Bloomberg is reporting.
Automotive supplier to set up shop in Serbia
May 24, 2019Xingyu Automotive Lighting System, a Chinese supplier to the automotive industry will set up a manufacturing plant in the Serbian city of Nis.
Ford: 7,000 jobs to be cut globally, 800 in U.S.
May 21, 2019Ford Motor is cutting approximately 10% of its global salaried staff as part of a company-wide “redesign,” effectively eliminating 7,000 white-collar jobs around the globe.
PowerCell signs joint development agreement with Bosch
April 29, 2019PowerCell and Robert Bosch GmbH have signed an agreement regarding the development, production and sale of the PowerCell S3 fuel cell stack for the automotive segment.
Rivian, Ford team up in USD half-billion investment partnership
April 25, 2019Rivian has announced an equity investment of USD 500 million from Ford Motor Company, to fuel collaboration on the development of a battery electric vehicle using Rivian’s flexible skateboard platform.
Hints of EV tax credit expansion boost GM, Tesla
April 10, 2019Tesla shares rose almost 1% and GM shares .2% on a recent Reuters report that a bipartisan proposal, expected to be attached to tax legislation within the next few months, would expand the existing EV tax credit by 400,000 vehicles per manufacturer.
SAE Int’l, major automakers create automated vehicle consortium
April 03, 2019SAE International, Ford Motor Co., General Motors and Toyota have formed the Automated Vehicle Safety Consortium (AVSC) that will work to safely advance testing, pre-competitive development and deployment of SAE Level 4 and 5 automated vehicles.
Ford expanding production of fully electrified, autonomous vehicles
March 20, 2019Ford is expanding its production capacity for the company’s next-generation battery electric vehicles at a second North American plant.
IFT initiates patent litigation against TI, VW, Ford and Cisco
February 19, 2019Innovative Foundry Technologies (IFT) says that it has initiated patent litigation in China (Shanghai IP Court) and Germany (District Court of Dusseldorf, Patent Litigation Chamber) against several parties in the automotive and networking industries for infringement of IFT's semiconductor fabrication and packaging patents.
Putting artificial intelligence to work for industrial operations
January 24, 2019By now, we are all familiar with the concept of Industry 4.0, a popular business model that enables manufacturers to become faster, more efficient, and more flexible to respond to inevitable market changes.
E-mobility is the way forward for VW
December 03, 2018The Volkswagen Group is investing heavily in its future. Over the coming five years to the end of 2023, the company will be spending almost EUR 44 billion alone on the future issues of e-mobility and autonomous driving in its vehicles and at its plants.
Michigan on the move – new investments from Ford, Aptiv and Samsung
November 29, 2018The Michigan Strategic Fund (MSF) has recently approved several projects which are expected to generate more than 3’400 new direct jobs in the region.
Ford buys electric scooter companyLoad more news
November 08, 2018Ford Smart Mobility, says it is acquiring Spin, a San Francisco-based electric scooter-sharing company that provides customers an alternative for first- and last-mile transportation