Auto industry 23 results

Kitty Hawk Flyer: Making Science Fiction a Reality

If you looked over Clear Lake in Silicon Valley recently, a strange sight was there to greet you. A man riding a flying vehicle was making his way across the lake which is located only 100 miles from San Francisco. Developed by a company known as, Kitty Hawk, this flying car looks like something right out of a science-fiction movie. Featuring a single seat and weighing in at 220 pounds, the ...

Tesla’s Electric Semi: Musk’s Plan to Disrupt Another Industry

Tesla CEO, Elon Musk jumped on Twitter on Thursday, April 13th to unveil the company's plan to release an electric semi truck. Although the official reveal isn’t until September, Musk sounded optimistic about the upcoming project saying “Team has done an amazing job. Seriously next level.” While the CEO’s positive attitude is a good sign, many in the trucking industry are skeptical of the ...

Apple Ready To Make Their Debut In The World of Automotives

The automotive industry is transforming almost as fast as the manufacturers tasked with assembling the vehicles. From self-driving cars to electric vehicles, no one is sure what the future will hold for the industry. One thing is certain, there will be more automotive manufacturers making their way to the industry. The next company to make their debut into the world of automotive technology and ...

Toyota: Investing in the Future of American Manufacturing

Toyota announced today that it will be investing more than $1.3 billion in its expansive plant in Georgetown, Kentucky. This factory, where the iconic Camry is built, is their largest operation across the globe and the money will be going toward a massive retooling effort to expedite vehicle manufacturing. None of the money is going toward new jobs but Toyota said that this is the largest ...

David vs. Goliath: Tesla Overtakes Ford

The automotive industry has a David versus Goliath story on their hands. One gave us the birth of the assembly line and the other has yet to make a profit. Tesla just overtook Ford Motor Company in terms of stock market value and the world doesn’t know what to think. Valued at $48.7 billion, Elon Musk’s innovative electric car company beat out Ford's $46 billion empire. News broke on ...

General Motors Takes On The IIoT

General Motors’ has been using robots throughout their manufacturing production lines for years now. The idea of automation to increase production and assist employees is not a new concept to the behemoth manufacturer. However, there is a relatively new concept that made its way to the manufacturing industry and that is the connected shop floor. GM just recently connected about a quarter of ...

Tesla Inc. Produced 50,000 Vehicles In The First Quarter: Bigger Plans For The Future

Tesla Inc., the popular electric car manufacturers delivered a record breaking 25,000 vehicles in the first quarter of 2017. This is up a staggering 69% from the same time last year. Many didn’t believe Tesla Inc. had the capabilities to meet growing demand and especially not in this dramatic of a fashion. The company released a statement on Sunday which outlined their manufacturing milest...

Ford Motor Company Invested $1.2 Billion in American Manufacturing

Yesterday (3/28/17), Ford Motor Co. announced they will invest $1.2 billion in three Michigan facilities. The money will be allocated to retraining, modernizing equipment and an engine plant where 130 jobs are expected to be created. This investment could bring a great economic boost to the state and the communities that rely on a robust domestic manufacturing industry. Ford plans to spend ...

Tesla’s Model 3: Another $1.15 Billion Necessary to Bring Car to Market

Tesla is on the verge of bringing their first mass-market vehicle, the Model 3, to the public. But before plans can go ahead as scheduled, the automaker announced plans to raise another $1.15 billion. To accomplish this task, Tesla’s CEO, Elon Musk, will be selling stocks and notes valued at a little over $1 billion. Even with their growing fan base and ability to make impressive cars, Tesla ...

Lessons From Local Motors: Modern Manufacturing In Action

Local Motors might be known for their for innovative 3D printed electric car, the Strati, but there’s another aspect of the business that needs to be recognized. Founder and CEO, Jay Rogers offers a brief look at what this incredible company is up to and how they handle the complex modern business environment. Olli is the company's autonomous, electric powered bus that helped showcase their ...