Tag: Manufacturing

Ford would reconsider UK investments if no deal on Brexit

HALFWEG: Ford warned Tuesday that it will reconsider its investments in Britain if the country cannot work out a deal to leave the European Union that guarantees smooth trading with the bloc. At a glitzy unveiling of new cars with electric and hybrid engines, Ford of Europe Chairman Steven Armstrong warned of the potentially disastrous… Continue reading Ford would reconsider UK investments if no deal on Brexit

NIO Inc. Files Its Annual Report on Form 20-F

SHANGHAI, China, April 02, 2019 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium electric vehicle market, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 with the Securities and Exchange Commission on April 2, 2019 U.S. Eastern… Continue reading NIO Inc. Files Its Annual Report on Form 20-F

NIO Inc. Provides First Quarter 2019 Delivery Update

Delivered 3,989 ES8 vehicles in the first quarter of 2019 Cumulative deliveries of ES8 reached 15,337 SHANGHAI, China, April 02, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its delivery results for the first quarter of 2019. As of March 31, 2019, aggregate deliveries of the… Continue reading NIO Inc. Provides First Quarter 2019 Delivery Update

GM sales fall, but buyers clamor for trucks and SUVs

John Gress | Reuters
Trucks come off the assembly line at GM's Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018.

General Motors reported first-quarter sales on Tuesday that fell 7 percent from a year ago but said buyers are flocking to its more expensive sport utility vehicles and pickup trucks.

Transaction prices, the final sales price, on the company's newest pickups rose $8,040 compared with the outgoing models in the same quarter of 2018, reflecting the continued interest among buyers for well-equipped trucks. More than 96 percent of the GMC Sierra crew cab pickup, a four-door full-size truck, were sold with more expensive high-end trims.

Signs have shown that new car sales are slowing in the United States. Yet demand for trucks and SUVs, which tend to be more profitable, could buoy automakers and somewhat offset the effects of a slowdown. Trucks, SUVs and crossovers made up 80 percent of GM's sales, the company said.

The company said sales of smaller crossovers such as the Chevrolet Trax and Equinox, as well as its midsize Chevrolet Colorado pickup, all set first-quarter sales records, while the GMC Acadia SUV had its best quarter ever.

GM plans to launch more full-size pickups in the second half of the year with two new heavy duty pickups from Chevrolet and GMC.

“We are bullish on pickups and expect to gain sales momentum throughout the year,” said Kurt McNeil, vice president of U.S. sales operations. “We are installing capacity in Flint to build more HD pickups in total, more crew cab models, more dualies and diesel models, too, all in response to dealer and customer demand.”

However, sales of traditional passenger cars continued to slide, dragging down the automaker's total.

General Motors has undertaken a plan to reshape its business, including idling factories that produce slow-selling sedans and compact cars and consequently cutting 14,000 jobs at factories in the U.S. and Canada. The move has divided opinion. Supporters say the company is taking the necessary steps to improve profitability, but labor leaders and politicians from affected regions have criticized the decision.

Shares of GM have risen 5.6 percent over the last 12 months and are up by nearly 13 percent since the beginning of the year.

America is falling back in love with trucks and SUVs, and that's causing big changes at big car companies
10:38 AM ET Tue, 5 Feb 2019 | 04:45

March 2019 TMNA Sales Chart

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Toyota Motor North America Reports March 2019 Sales

PLANO, Texas, April 2, 2019 /PRNewswire/ — Toyota Motor North America (TMNA) today reported March 2019 sales of 214,947 vehicles, an increase of 0.1 percent on a daily selling rate (DSR) basis and a decrease of 3.5 percent on a volume basis versus March 2018. For the quarter, TMNA reported sales of 543,714 vehicles, a decrease… Continue reading Toyota Motor North America Reports March 2019 Sales

Autonomous vehicle tests underway in London

FiveAI

Supervised autonomous vehicle tests have started in two London boroughs, according to a statement published Tuesday.
FiveAI, which specializes in areas such as autonomous vehicles, machine learning and artificial intelligence, said the trials, in Bromley and Croydon, represented a “significant next step towards launching autonomous, shared services in London.” The firm added that passenger trials were due to start in 2020.
Five vehicles will be used in the testing and are set to be on the roads both day and night. Safety drivers will be in the vehicles at all times and have the ability to take control of the cars if necessary.
In preparation for the trials, FiveAI undertook data gathering exercises in August 2018. Vehicles were driven around streets to gather data on things such as road user behaviour and road layout. The vehicles that will be used in the forthcoming tests will be clearly marked to let other road users know they are autonomous.
“All cities across the U.K., including London, need to understand the opportunities, risks and challenges they face when considering how transport will operate in the future,” Michael Hurwitz, Transport for London's director of Transport Innovation, said in a statement Tuesday.
Hurwitz added that while the outlook for autonomous vehicle technology was still uncertain, it had “the potential to significantly change travel.”

Over the last few years, the development of technology has led to several trial runs of autonomous vehicles.

In August 2018, for example, the Hyundai Motor Company announced that the first journey by an autonomous truck on a South Korean highway had taken place. The firm's Xcient truck, which has a maximum load capacity of 40 tons, drove around 40 kilometers between Uiwang and Incheon.
The vehicle used an autonomous driving system that allowed it to accelerate, decelerate, steer and maneuver through traffic without needing input from a human, although one was on board to take control as and when required.
In February 2019, the CEO of Arm Holdings told CNBC that it would be “a while” before self-driving cars became mainstream.
“It is a phenomenally hard problem to anticipate what a car could do under absolutely any set of circumstances,” Simon Segars, who was speaking to CNBC's Karen Tso at the Mobile World Congress in Barcelona, Spain, added.

“I think you're going to start to see early services, in quite a constrained way, quite soon over the next couple of years,” he added, explaining that there was “some way to come” before the technology was “completely mainstream.”

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The BMW Group and Microsoft launch the Open Manufacturing Platform.

Technology framework and open community to share smart factory solutions across the automotive and manufacturing sectors to significantly accelerate future Industrial IoT developments. Utilizing industrial use cases and sample code, community members and partners will develop their own services and solutions while maintaining control over their data and intellectual property. Built on the Microsoft Azure… Continue reading The BMW Group and Microsoft launch the Open Manufacturing Platform.