Bernd Stephan, President, Automotive and Aerospace, has stepped down from his role in Group Management for health reasons. Responsibility for Automotive sales and the Aerospace business unit has been assumed on an interim basis by Alrik Danielson, President and CEO. Bernd will support Alrik on an advisory basis, until his retiremen
Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following. As per 30 June, the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 32,256,712 shares of Series A and 423,094,356 shares of Series B. The num
Employee representatives chosen by regular election New Supervisory Board holds constitutive meeting Andreas Schick continues as COO At its meeting on May 8, the Schaeffler AG supervisory board was regularly reconstituted. After the ten shareholder representatives were newly elected by the Annual General Meeting last year, the Sch…
H2W Technologies’ single axis linear stepper motors are ideal for high-speed open loop positioning applications. They can perform at speeds of up to 80 in/sec [2 m/sec] and strokes of up to 68 in [1.7 m]. Linear stepper motors are capable of very precise position, velocity, and acceleration control when coupled with a micro-steppin
Advanced Machine Reliability Resources (AMRRI) and Generation Systems Inc. (GSI), creator of Lube-It management software, two of the most respected names in machine lubrication management, are combining forces to create a best-in-class offering to support asset health and machine reliability for Fortune 1000 manufacturers.
The Indian auto components industry should look at enhancing exports and target at least 5 per cent of the total global trade, which stands at around USD 1.3 trillion, in the next five years, according to a top industry executive. For achieving such target, government support in terms of favourable policies would be cr
General Motors asked a federal appeals court Friday to overturn an order that requires its CEO to meet with the head of Fiat Chrysler by next week to try to settle a lawsuit related to corruption by union leaders. GM also asked the appeals court to remove U.S. District Judge Paul Borman from t
A day after tech giant Amazon.com announced that it is buying self-driving startup Zoox Inc, Elon Musk, Chief Executive Officer of Tesla, US’s leading electric vehicle manufacturer, dubbed Amazon boss Jeff Bezos as ‘a copy cat’ on Twitter. However, this isn’t the first time Musk has taken a dig
Czech auto major Skoda has unveiled the Octavia G-Tec, which is designed to run on Compressed Natural Gas (CNG). Scheduled to be launched across European markets later this year, the new Octavia G-Tec comes as an environmentally friendly alternative of the sedan, claims the automaker. As Skoda claims, the Octavia
State Bank of India (SBI) has sanctioned loans to over 4 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, hit hard by the coronavirus-induced lockdown. On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employe
QuesTek Innovations LLC, recently announced a stainless steel composition for powder bed fusion additive manufacturing (AM) for use either in the as-printed condition or with a single low-temperature heat treatment. This development is significant because it allows for production of complex, high-strength stainless parts via AM, co
Firgelli Automations recently introduced its new Smart Synchronous Controller for linear actuators. Feedback Linear Actuators are used extensively in industry for applications where precise motion control is required. Firgelli has been manufacturing Feedback Linear Actuators for year and its most recent new model named "The Bullet S
Daubert Cromwell has successfully completed all the requirements for certification with the European Union's REACH (Registration, Evaluation and Authorization of Chemicals) Regulation. This important distinction means Daubert Cromwell can provide multi-national customers with an uninterrupted supply of VCI papers, films and devices t
Heidenhain is proud to announce the release of its next generation of Renco brand rotary encoders to the market. This new generation includes an upgraded R35i model and a successor to the RCML15 encoder with the R35iL low profile encoder. Both solutions are equipped with a new Opto-Asic that provides additional features and improved func
Bosch Rexroth has introduced a new online service portal for its Hägglunds hydraulic motors, giving users a single source of information to maintain, repair, modernize or upgrade their equipment with certified specialists and genuine Hägglunds parts. With more than 60,000 motors installed globally, Hägglunds
Tested and certified by an independent laboratory, the IP65 Rated models feature a nickel plated housing for corrosion protection and are now available in 1:1 and 2:1 ratios and 2-way, 3-way, and counter-rotating shaft configurations for reliable and quiet transmission of power. With a successful 60-year application history, Crown Gear D
It, however, said that the overall volumes could decline by more than 20 percent in the year as customers choose to delay spending on big-ticket discretionary items amid a weak economic outlook and due to higher prices with BS-VI rollout. Auto volumes are expected to recover partly in the second half of the o
