2020
02 Jun
Jeff Bezos invests in UK logistics startup Beacon

Beacon is a supply chain finance firm that provides real-time data of cargo delivery and a marketplace view of global shipping costs and prices.  Amazon.com Inc chief executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon s

2020
02 Jun
Xometry Offers Ultimate Guide to 3D Printing

3D printing is a powerful tool for generating custom parts, often with complex geometries, and serves industries from aerospace and defense, to automotive, to medical and dental, and beyond. The Xometry Ultimate Guide to 3D printing outlines 3D printing basics, getting started, and the top commercial 3D printing processes and materials u

2020
01 Jun
India's factory slump deepens in May, headcount slides: PMI

"The latest PMI data suggested that Indian manufacturing output fell further in May," noted Eliot Kerr, an economist at IHS Markit. "This result is particularly poignant given the record contraction in April which was driven by widespread business closures."  India's factory activity co

2020
01 Jun
Maruti Suzuki domestic sales decline by 89% at 13865 units in May 2020

Maruti Suzuki resumed its manufacturing operations post lockdown strictly in accordance with the Government regulations and guidelines, from May 12th at its Manesar facility and from May 18th at its Gurugram facility.  India’s largest carmaker, Maruti Suzuki on Monday reported a decline of 89% at 13865

2020
01 Jun
Ford to rerun Mustang Mach 1 in 2021 with V8 engine

Mach 1 has a special place in Mustang history. Ford has announced to bring in the iconic Mustang Mach 1 in 2021 in a limited edition avatar with a 5-litre, V8 performance engine. The iconic fastback coupe debuted during the first golden era of muscle cars in the late-1960s. “Mach 1 has a specia

2020
01 Jun
SKF Automated Machine Learning is the Rising Star of AI-Driven Industrial Analytics

At SKF AI, we want to make AI-Driven Industrial Analytics and its benefits to process accessible to all manufacturers, no matter how many data scientists they have on staff. To that end, our SKF Enlight AI maintenance 4.0 solution is built on Automated Machine Learning (AutoML). Freddy Hernandez, Director Connected Technologi

2020
01 Jun
Punch Powertrain Names Chief Technology Officer

Punch Powertrain, an independent supplier of innovative and clean powertrains for leading automotive manufacturers worldwide, has named Gaspar Gascon to the role of chief technology officer (CTO). Gascon will develop and execute the company’s technology roadmap in line with the differentiating powertrain technology solutions required by

2020
01 Jun
Bosch Rexroth Introduces Subsea Clamping Cylinder

With the innovative Subsea Clamping Cylinder for fully automatic Bend Stiffener Connectors (BSCs), Bosch Rexroth is setting new standards in term of safety, reliability and economy. The system is designed for use for up to 25 years and offers high clamping forces, powerless holding operation, and easy installation with no need for manual

2020
29 May
Volkswagen board formally okays Ford alliance projects

Volkswagen's planned $3.1 billion investment in Argo remains on track and is expected to close soon.  Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July. The German carmaker

2020
29 May
Hyundai forms task force to support customers in cyclone affected West Bengal

Hyundai is offering 50% discount on depreciation amount of insurance claims for cyclone-affected vehicles. Hyundai Motor India on Thursday said it has formed a relief task force to support its customers impacted by cyclone Amphan in West Bengal. As part of the initiative, the company has positioned dedicated em

2020
29 May
TVS Motor Company operating EBITDA improves to 8.3% for FY 2019-20

TVS Motor Company reported a total revenue of Rs 3,506.5 crores for the quarter under review against Rs 4,387.6 crores reported in the fourth quarter of 2018-19.  TVS Motor Company reported a total revenue of Rs 16,455.4 crores for the year ended March 2020 as against Rs 18,217.5 crores reported in the year en

2020
29 May
ADB approves $177 million loan for road projects in Maharashtra

The projects would improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters, industrial areas, enterprise clusters and agricultural areas. The Asian Development Bank (ADB) has signed a USD 177 million loan to upgrade 450 km of state highways and major distric

2020
29 May
Emerson UPS Provides Cost-Efficient Protection from Power Disruptions

Recognizing the high costs posed by unexpected power disruptions, Emerson has expanded its industrial-grade line of Uninterrupted Power Supplies (UPS) with the SolaHD SLN and SPS Series of mini-tower UPS. Both the SLN and SPS deliver reliable battery backup and surge protection in response to utility power failures, providing IT professi

2020
28 May
ZDLZ expects more partners worldwide

Founded in 1980, Wafangdian Mining Machinery Bearing Manufacturing Co., Ltd., their own brand ZDLZ, focused on the designing and producing 8 types of bearings for medium and large sized machinery, including deep groove ball bearing, thrust ball bearings, cylindrical roller bearings, rolling mill roller bearings, angular contact ball bearings, s…

2020
28 May
ETAutoSTVC: Mahindra Electric CTO on role of thermal management in developing affordable EVs for India

Martin Murray was speaking at ETAuto Virtual Simulation and Testing Congress where he talked about the role of simulation and testing in smarter designing of EVs. We're in the process of launching the most affordable electric four-wheeler in India using thermal management with liquid cooling, claimed&nbs

2020
28 May
Nissan to set out survival plan after expected annual loss

Nissan sold 4.8 million vehicles in its latest financial year, the second decline in a row and a fall of 13% from last year, knocking it off its perch as Japan's second-biggest automaker to trail Toyota and Honda.  Nissan Motor Co will unveil its plan to become a smaller, more cost-efficient automaker on T

2020
28 May
NHAI to take maintenance, repair work on priority before monsoon

"In order to keep the national highways in patchless and traffic worthy condition, National Highway Authority of India (NHAI) has directed its Regional Officers (ROs) and Project Directors (PDs) to undertake maintenance of the National Highways on top priority-basis considering ensuing monsoon season," Ministry of Road Transpor

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