Worldwide: Toyota Motor Corp has cut its projections for North American sales by 60,000 vehicles this fiscal year for the first time. Nissan Motor Co also reported a 43 percent drop in quarterly operating profit.
EuroBLECH concluded the five-day event on October 29 with a record breaking 60,636 visitor attendance number.
Automotive manufacturers are under great pressure to develop vehicles which are due to go into production from now to 2020. A panel of experts weigh in with their thoughts on how additive manufacturing could contribute to the automotive industry.
New Delhi, India: Toyota will launch more cars and ramp up volumes in India, the world’s fifth biggest car market. This reverses an earlier decision to freeze investment after the Supreme Court lifted an eight month ban on sale of large diesel vehicles in Delhi.
Teamwork between human and machine is key in enabling manufacturers to ride on the growth of the automotive industry. By Shermine Gotfredsen, general manager, APAC, Universal Robots
London, UK: The global aluminium market for the automotive industry is expected to grow at a CAGR of 4.5 percent from 2016 to 2020, according to a market study released by Technavio, mainly due to increasing demand for energy-efficient lightweight vehicles.
The US Manufacturing Technology Orders report for July 2016 shows that orders dropped 24.8 percent for the month compared to June, according to data from AMT – The Association For Manufacturing Technology. Year over year, monthly orders were down 23.0 percent compared to July 2015.
Seoul, South Korea: South Korea is running a trade deficit of automobiles with China for the first time due to Korean manufacturers’ increased production in China as well as the entry of Chinese low-cost players in South Korea.
Kyoto, Japan: Kyocera Corp has constructed a 23,000-sq m manufacturing plant in Ganzhou City, Jiangxi Province, China for industrial cutting tools.
Nissan Motor has agreed to purchase a 34 percent stake in Mitsubishi Motors, taking control of 237.4 billion yen (US$2.2 billion) in shares to become the largest shareholder — just over a third — in Mitsubishi.