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Automotive

Toyota boss calls for transformation as profit plunges 74 percent

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The president of automotive giant Toyota has called for the transformation of company amid a 74 percent decrease in profit, mostly as a result of the coronavirus pandemic.

Toyota this week has reported a profit of approximately $1.5 billion for the most recent quarter, which is down from more than $6 billion in the same quarter the previous year.

Japanese news outlet Asahi Shimbun reports that Toyota ’s sales went in “all markets”, with the company warning that huge uncertainties remain over the pandemic. [Read more…] about Toyota boss calls for transformation as profit plunges 74 percent

Oil-producing nations struggling with economic woes as society shifts towards electric movement

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Oil-producing nations located in the Middle East and North Africa are struggling with their economies, most of which are not diversified enough to offset the losses caused by falls in the price of crude.

A quick check shows that the current price of a barrel of crude oil – which is about 160 litres – is just above $40, which is significantly lower than certainly Arab countries need it to be.

According to the Economist, Algeria needs the price to be about $157 a barrel, while Oman wants to get to at least $87. [Read more…] about Oil-producing nations struggling with economic woes as society shifts towards electric movement

Norgren helps VinFast to build Vietnam’s first mass-production stamping press

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Automotive start-up VinFast has delivered Vietnam’s first mass-produced stamping parts in less than two years, in part thanks to tooling from Norgren, part of IMI, which is being used to produce the body panels on its flagship models.

To support VinFast’s Hai Phong site, which has the capacity to produce 250,000 cars per year, Norgren sites in China and USA collaborated to create the tooling, including saddles, sensors and tooling arms, which will be used to move panels through the VinFast manufacturing press process.

VinFast unveiled prototypes of its first two car models, a sedan and SUV, at the Paris Motor Show in October 2018, and Norgren was able to successfully deliver its tooling solution to VinFast earlier this year ahead of volume production. [Read more…] about Norgren helps VinFast to build Vietnam’s first mass-production stamping press

ABB says its new 3D inspection robot cell makes quality control testing ‘10 times faster’

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ABB has unveiled a new 3D inspection robot cell which it claims makes quality control testing “10 times faster”.

The industrial automation giant says its 3D quality inspection (3DQI) robot cell is “capable of detecting defects of less than half the width of a human hair and imperceptible to the naked eye”.

It adds that the cell will “dramatically accelerate production by providing fast, accurate testing to make metrology easier and less time consuming”. [Read more…] about ABB says its new 3D inspection robot cell makes quality control testing ‘10 times faster’

AImotive and C3S take self-driving car technology from the road to space

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AImotive, the automotive supplier of automated driving technologies, and C3S, the satellite and space technology provider, has entered into a collaboration to create a prototype hardware platform for the efficient execution of artificial intelligence onboard satellites by the second half of 2021.

C3S will adapt AImotive’s aiWare NN hardware acceleration technology in its space electronics platform to enable high performance AI capabilities in small, power-constrained satellites.

The results of this collaboration are expected to accelerate the commercialization of a wide range of services for both specialized and mass-market applications, such as telecommunications, Earth and space observation, autonomous satellite operation, docking support, asteroid mining and so on. [Read more…] about AImotive and C3S take self-driving car technology from the road to space

Bosch says its new chip is ‘revolutionizing navigation’

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Bosch, one of the world’s largest suppliers of automotive components, says a new chip has invented is “revolutionizing navigation”.

The company says its new MEMS sensor – the SMI230 – is a highly precise sensor which constantly registers changes in the vehicle’s direction and speed, evaluates the information, and transmits it to the navigation system.

There, the information is combined with the positional data from the global navigation satellite system (GNSS) and used for navigation. [Read more…] about Bosch says its new chip is ‘revolutionizing navigation’

AImotive becomes ‘most-funded’ automated driving software supplier in Europe

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AImotive claims it has become “the most-funded automated driving software supplier in Europe” after its latest investment round.

AImotive, an automated driving technology company, says the new funding round has raised $20 million, and comes despite amid the global coronavirus pandemic.

The round was led by Lead Ventures, a Budapest based scale-up investor. [Read more…] about AImotive becomes ‘most-funded’ automated driving software supplier in Europe

Vitesco Technologies celebrates 25 years and its new ‘high degree of automation’

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In the scenic setting of Frenštát pod Radhoštěm at the foot of the Beskid Mountains, the Vitesco Technologies site is celebrating its 25th anniversary as well as its “high degree of automation” which is enabling the company to produce advanced technologies more efficiently than ever before. 

In May 1995, the site started producing electronic components for the automotive industry, initially with 100 employees.

Today, the Czech site with its workforce of approximately 3,000 is one of the largest employers in the region and is also one of the largest electronics plants owned by Vitesco Technologies, the Powertrain Technologies group sector of Continental. [Read more…] about Vitesco Technologies celebrates 25 years and its new ‘high degree of automation’

Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

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By Maya Xiao of Interact Analysis

The coronavirus pandemic which has devastated economies worldwide is expected to reduce revenues in the industrial robot market by more than 8 per cent, according to a study by Interact Analysis.

“After a weak 2019, we originally expected the 2020 robot market to recover strongly, but Covid-19 changed the market revenue growth forecast from 4.8 percent to -3.6 percent,” writes Maya Xiao, automation market expert at Interact Analysis.

Global industrial robot shipments experienced negative growth for four consecutive quarters from mid-2018, she says. At the end of 2019, recovery signs appeared, and the mid-term growth rate turned positive. This turnaround happened in the context of a continued slowdown in general global manufacturing activity, which led to weak spending on machinery and automation equipment. [Read more…] about Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

Kuka supplies Webasto with production equipment for assembly of battery systems

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Kuka is supplying a robotic system for the assembly of battery systems for a company called Webasto.

Kuka says the automotive industry is resolutely driving forward in the development of electromobility.

Webasto, a supplier of systems to the automotive industry, is also entering the field of battery systems production. [Read more…] about Kuka supplies Webasto with production equipment for assembly of battery systems

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