Tag: world news
Consumer watchdog to investigate VW over emission scandal
The Australian Competition and Consumer Commission (ACCC) has confirmed that it would be investigating Volkswagen Group “for possible use of ‘defeat devices’ in Australia,...
Alcoa completes $300m automotive aluminium sheet facility
Aluminium giant Alcoa has completed its $300 million expansion project in Tennessee that will provide aluminium sheet to automakers, such as Ford, Fiat Chrysler...
Caterpillar to axe 10,000 jobs
As part of an extensive cost-cutting program, machinery and manufacturing giant Caterpillar will be terminating 10,000 jobs.
The company said that its full year sales...
Volkswagen CEO resigns amid widening emissions scandal
One of Europe’s highest-paid executives, 68-year-old Martin Winterkorn has resigned his position as Chief Executive Officer of Europe's biggest car maker amid a widening...
US researchers create super stretchable metal conductors for flexible electronics
Researchers from the Washington State University have discovered how to stretch metal films used in flexible electronics to twice their size without breaking.
The metal...
Toyota to invest $50m in “intelligent car” project with MIT and Stanford (VIDEO)
Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology (MIT) to create two new artificial intelligence research centres dedicated to...
Lexus releases video of “Back to the Future” hoverboard
Lexus has released a brief teaser video of the Lexus Hoverboard, officially announcing the date of the “magic” board’s release – 5 August, 2015.
The company...
Lockheed Martin lands $1.5bn missile interceptor deal
Maryland-based defence giant Lockheed Martin has announced that it has landed a $1.5 billion contract for production and delivery of Patriot Advanced Capability-3 (PAC-3) missiles...
GF Machining Solutions enters additive manufacturing market with EOS deal
Metal-cutting machines manufacturer GF Machining Solutions, part of the Schaffhausen-based Georg Fischer AG, has inked a deal with additive manufacturing equipment maker EOS to...
SoftBank and Foxconn team up with Bharti to form $20bn solar venture in India
Japanese operator Softbank and Taiwan-based iPhone assembler Foxconn Technology Group have formed a three-way joint venture with one of India's leading business groups, Bharti Enterprises,...
Featured Article
Data-rich or data-poor: Where should manufacturers focus their AI efforts?
Over the past year, manufacturers worldwide have made significant strides in adopting artificial intelligence technologies, moving beyond the initial hype to tangible implementations that deliver real business value.
