Tag: world news
Ford announces $2b investment to build new EV manufacturing hub in Canada
Ford Motor Company has announced a massive CAD 1.8 billion (AUD 2 billion) investment to transform the Oakville Assembly Complex in Canada into an electric vehicle manufacturing hub that will feature vehicle and battery pack assembly.
Northrop Grumman, Shield AI partner to develop next-generation drone system
Northrop Grumman and aircraft manufacturer Shied AI have collaborated to develop a replacement drone for the US Army's long-serving RQ-7B Shadow tactical unmanned aerial system (UAS).
US Navy says Markforged 3D printer enables sailors to ’think outside the box’
The US Naval Sea Systems Command (NAVSEA) has received complimentary reviews of the recently installed Markforged X7 field edition 3D printer on the Virginia-class submarine USS New Hampshire (SSN 778).
UK car production slumps, while EV manufacturing surges in 2022
The latest result rounds off a volatile year for UK car production, with output down by 17.9 per cent in the month after growth in October and November, with most of the year’s volume loss occurring in the first half.
Global CEO confidence collapses to bleakest record in 12 years
Chief executive officers around the world are expecting a bleak future, with nearly three-quarters of them believing that global economic growth will decline over the next 12 months.
Small business optimism declines as expectations for better business conditions worsens in December
The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12th consecutive month below the 49-year average of 98.
SK Geo Centric signs MOU at CES 2023 with Plastic Energy to complete a...
SK Geo Centric, a subsidiary of SK Innovation’s, has signed a contract with British company Plastic Energy, which specializes in plastic pyrolysis, completing the “last puzzle” of the world’s first plastic recycling complex to be built in 2025.
L3Harris receives VAMPIRE contract for Ukrainian security defence efforts
L3Harris Technologies has announced receiving a $40 million Department of Defense contract to deliver 14 Vehicle Agnostic Modular Palletized ISR Rocket Equipment -- or VAMPIRE™ multi-purpose weapons system - to strengthen Ukrainian security defence efforts.
Foxconn partners with NVIDIA to build automated electric vehicles
Media Release by NVIDIA
NVIDIA and Hon Hai Technology Group, the world’s largest technology manufacturer, recently announced a strategic partnership to develop automated and autonomous...
US manufacturing sector sees fastest PMI deterioration in December
US manufacturers have seen a steep decline in the health of the industry during the last month of 2022, according to the latest PMI...
Featured Article
Why manufacturers are embracing AI-powered smart supply chains
Manufacturers are facing an increasingly volatile environment, where rapid changes in demand, supply chain disruptions, and continued cost pressures are transforming the way products are planned, made, and delivered.
