News 1056 results

US Army Accelerates Prototyping of Next-Generation Combat Vehicle

The United States Army has increased funding for Rapid Prototyping of the Next-Generation Combat Vehicle (NGCV) according to documents released in February. Army Secretary Mark Esper said that this decision was taken after looking at the National Defense Strategy. Secretary Esper realized that if the NGCV prototype was not ready soon, rival countries like China and Russia would develop a better ...

Amazon Executives Visiting Finalists for New Headquarters

In January 2018, Amazon, one of the largest eCommerce companies in the world, announced that it had narrowed it’s search to 20 cities in North America as candidates for its second Headquarters, HQ2. Amazon’s headquarters, HQ1 is located in Seattle. Amazon claims that the company has adding more than 40,000 to the local economy. This has led to an increase in real estate prices, traffic ...

Smallest Oil Producer in the Gulf Announces Largest Discovery Since 1932

The Bahrain News Agency announced Sunday the discovery of an offshore oil field, the Khaleej Al Bahrain Basin, with “significant quantities of oil and gas”off the country's west coast. Although a specific estimate as to the size of the oil and gas reserves was not given, oil minister Shaikh Mohamed bin Khalifa Al Khalifa told the Bahrain News agency "Initial analysis demonstrates the find ...

Kobe Steel’s Chief Will Resign As It Discloses Wider Quality Problems

Japanese steel maker, Kobe Steel announced that its Chief Executive Hiroyo Kawasaki would resign over a scandal regarding falsified quality data, which has adversely affected the Japanese corporate sector and forced other manufacturing companies in the country to also disclose any deviations from their promised quality standards. The company disclosed that senior executives were aware of the fact ...

Three Reasons Moldmakers Need IIoT

Embracing IIoT Solutions on the Moldmaking Shop Floor La Mesa, CA (March 28th, 2018) – IIoT, or the Industrial Internet of Things, is a concept that is transforming from a question mark to an exclamation point in the manufacturing industry. From proper documentation to communication throughout the production process, using IIoT to connect hardware and software on the shop floor is helping ...

China Willing To Hold Talks With The US To Resolve Trade Differences

In an effort to reduce the rapidly increasing US trade deficit, President Donald Trump announced tariffs on imported steel and aluminum in March of this year. Further sparking fears of a trade war with China, the President announced that the $60 billion trade deficit with China could be reduced by imposing tariffs on Chinese imports. State-controlled Chinese media has accused the United States of ...

Device Combines Ability to Add USB & Ethernet to Machines

New hardware from Shop Floor Automations packs a one-two punch La Mesa, CA (March 26th, 2018) - Shop Floor Automations (SFA), a notable Automation Supplier for the CNC Machine Tool Industry, has released a new hardware product to add USB and Ethernet connectivity to any machine. The LAN-USB Connect became available from SFA as of March 2018. The hardware has many notable abilities that will ...

Tesla Suffers Manufacturing Delays Due to Production Flaws

Electric vehicle manufacturer Tesla is experiencing delays in the production of its first mass market car the Model 3, according to a number of media sources. The manufacturing delays are due to flaws in the production process and quality control systems. The future growth of Tesla as a large scale manufacturer of electric vehicles depends to a large extent on its ability to automate the effici...

Weekly Wrap Up for March 23rd, 2018

Norbert Ore, Director of Industry Survey for Strategas Research Partners and an MBC contributor, discusses some of the 18 manufacturing industry surveys he follows around the world, as well as some always interesting regional surveys in the U.S.  Listen in as hosts Lew Weiss and Tim Grady get in-depth information on the ebb and flow of manufacturing information that provides crystal ball ...

German Auto Supplier MöllerTech Has Opened a $46.3 Million Plant in Alabama.

In March 2018, the Manufacturing facility of German automotive part supplier MöllerTech at the Scott Davis Industrial Park in Woodstock, Alabama was inaugurated in a grand and well attended opening ceremony. In addition to top local and state leaders and officials, top MöllerTech executives including the CEO Dr. Gunther Schmidt and officials from other automotive companies which partnered with ...