Tag Archives: manufacturing

Hyperloop One Shares Transformative Vision for the Future of Manufacturing

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Hyperloop One Shares Transformative Vision for the Future of Manufacturing

– “Hyperloop One changes everything,” says Senior Vice President of Global Operations, Nick Earle, at GMIS. – Building Hyperloop will shape and enable the future of manufacturing, supply chain and warehousing. – Announces the launch of Hyperloop One Partner Program to create mutually beneficial relationships between the company and its global partners. – New images of the world’s first and only full-scale

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Clearpath Robotics Raises $30M to Expand Indoor Self-Driving Vehicle Market

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KITCHENER, Ontario–(BUSINESS WIRE)–Clearpath Robotics, a leading provider of self-driving vehicle solutions, announced today the completion of a $30 million (USD) investment led by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank. Clearpath will use the funding to grow the company’s industrial division, OTTO Motors. Clearpath launched OTTO Motors in 2015 to

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Automotive Manufacturing to Drive ‘Make in India’ initiative

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The Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26. Addressing a CII International Automotive Design Conclave 2016 on Friday, Mr Girish Shankar, Secretary, Ministry of Heavy Industries and Public

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Nissan Looking for Cheaper Car Batteries for Leaf

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TOKYO, Aug 5 (Reuters) – Nissan Motor Co is discussing with Panasonic Corp and overseas companies including Chinese firms the possible sale of its controlling stake in a car battery manufacturing venture, the Nikkei daily reported on Friday. The Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which is jointly owned by NEC Corp,

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Tesla Reinventing Auto Manufacturing

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In his quest to create a future built on sustainable energy, Tesla Motors Chief Executive Elon Musk has ticked off a long list of initiatives his company plans to pursue next: everything from electric buses and semi-trucks to driverless car-sharing networks and solar energy production. The most important part of his strategy, to figure out how to make this 54-year-old

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Toyota Thailand Sees Better Days Ahead

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Toyota Motor Thailand sees green shoots for the domestic market, although improvements aren’t likely to be seen before 2017. After a flat first half of the year, the automaker, which dominates the Thai landscape with an almost one-third market share, projects full-year industry sales to come in at around 740,000 vehicles, 7.5% down from last year. Toyota Motor Thailand President

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Dongfeng Yangtse to build EV Bus Factory in Morocco

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Dongfeng Yangtse plans to build an assembly plant in Morocco to produce buses and electric vehicles, reports Ecofin Agency, a news service that covers African business news. The assembly plant will cost $101 million (674 million yuan), according to Ecofin, which cited company CEO Wu Tian Cai. Construction will begin soon, and the factory will launch production next year. The

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Lithuania Invites UK’s Automotive Industry to Relocate

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Inspired by Brexit, MEP Antanas Guoga (Tony G) has signalled the launch of a campaign which seeks to position Vilnius (Lithuania) as the perfect location for UK businesses now looking into the possibility of relocation options. This time, the focus of his attention is the automotive industry, which is anticipated to be one of the sectors most severely impacted by

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