Manufacturing
Honda names former R&D chief next CEO
Toshihiro Mibe to replace Takahiro Machigo who plans to retire in June
Author: Robert Schoenberger
Manufacturing
GM/LG complete structure of Ohio battery plant
Ultium Cell LLC facility in Lordstown, Ohio, set for completion next year.
Industry
Toyota investing $210 million in West Virginia engine plant
Upgrade increases capacity for 4-cylinder engines, adds 100 new jobs.
Vehicle Tech
Ford sets all-electric plans for Europe
Commercial vehicles, passenger cars to be all-electric or plug-in hybrid by 2030.
Manufacturing
Automation Roundtable reminder: one week away
How can advanced technologies help your company achieve resiliency? Find out during this FREE online event.
Manufacturing
BorgWarner buys German commercial vehicle battery pack supplier for $915 million
Akasol AG makes battery packs for commercial electric vehicles (EVs), purchase expands BorgWarner’s electrification push.
Industry
November cutting tool sales fall 20%, but signs of recovery abound
Year-to-date total of $1.7 billion, 2020 is down 22.7% when compared with November 2019.
Fleets
From Detroit Diesel to Detroit ePowertrain
Daimler Trucks subsidiary getting $20 million investment to make e-axles for electric commercial trucks.
Manufacturing
GM earns $6.4 billion in 2020, down slightly from 2019 despite massive COVID-19 changes
Taking market share from Ford in pickups was key to boosting profitability and funding electric/autonomous vehicle plans.
Supply Chain
Ford, Honda support STEM programs
Automakers donating cash and computers to organizations that promote science and technology for future workers.
Manufacturing
GM expanding 10-speed transmission capacity in Toledo
$75 million investment supports higher pickup production with work beginning immediately.
Manufacturing
Ford to double EV/AV spending to $29 billion by 2025, loses $1.3 billion in 2020
Losses overseas erase gains in Ford Credit, Ford North America.