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Traton plans to invest more than €1 billion into autonomous and digital innovations

Traton, a subsidiary of the Volkswagen Group, says it plans to invest more than €1 billion into autonomous and digital innovations.

Andreas Renschler, Traton CEO and member of the board of management at Volkswagen, says: “We want to move into the digital fast lane and are continuing to evolve from a hardware supplier to a provider of software and services.”

Traton says it is making strides with networked vehicles, logistics, and autonomous driving. [Read more…] about Traton plans to invest more than €1 billion into autonomous and digital innovations

Robot end-effector market forecast to grow to $6.5 billion by 2025

The global market for robot end-effectors is forecast to grow to $6.5 billion by 2025, according to research done by Global Market Insights.

The revenue of Robot End-Effector Market crossed $2.5 billion in the year 2018 and is predicted to grow to $6.5 billion by 2025, growing at 14 percent between the years 2019 and 2025.

The advent of industry 4.0 in manufacturing industry which includes the inclusion of technological trends such as cloud robotics, automation, cyber-physical systems, big data, and IoT is driving the demand for advanced end-effectors. [Read more…] about Robot end-effector market forecast to grow to $6.5 billion by 2025

Robotics market to exceed $150 billion by 2025, says report

The global robotics market is set to exceed $150 billion by 2025, according to a new report, Disruption in Human-Robot Collaboration.

PreScouter, a Chicago-based research intelligence company, has released a detailed report on the recent advances in robotics and how these advances will be disrupting the workforce, promoting improved collaboration between man and machine.

The researcher says the global robotics market will exceed $150 billion by 2025 and the industrial robot sector will account for nearly $13 billion of that in North America alone. [Read more…] about Robotics market to exceed $150 billion by 2025, says report

Collaborative robot market forecast to grow beyond $11 billion by 2030

The collaborative robot market will exceed $11 billion by 2030, representing 29 percent of the total industrial robot market, according to ABI Research.

Buoyed by early innovators and adopters, the collaborative robotics market will become increasingly mainstream over the next 10 years.

The new analysis from global tech market advisory firm, ABI Research finds that the yearly revenue for cobot arms will reach $11.8 billion by 2030, an enormous increase from $711 million in 2019. [Read more…] about Collaborative robot market forecast to grow beyond $11 billion by 2030

GM to invest additional $20 million in Texas plant

General Motors is investing an additional $20 million at Arlington Assembly to upgrade plant conveyors in preparation for the launch of GM’s new SUVs.

GM has invested more than $1.4 billion in Arlington Assembly since 2015 to build a new paint shop and for body shop and general assembly area upgrades.

The new upgrades at Arlington are scheduled to be completed next year.

ZF wins multi-billion-euro order for 8-speed automatic transmission

ZF Friedrichshafen has received a customer order with a double-digit billion euro value for its enhanced 8-speed automatic transmission. The business is planned to run over a period of several years.

The latest version of ZF’s 8-speed transmission – a technology which has been production since 2009 – has been improved by integrating an electric drive. This also includes a hybrid variant.

The new transmission generation will start series production in 2022 at ZF’s plant in Saarbrücken, the lead production facility for ZF’s automatic passenger car transmissions.

HPE to acquire supercomputer manufacturer Cray for $1.3 billion

Hewlett Packard Enterprise has reached an agreement to acquire Cray, the manufacturer of supercomputing systems.

HPE says the acquisition will cost $35 per share, in a transaction valued at approximately $1.3 billion, net of cash.

Antonio Neri, president and CEO, HPE, says: “Answers to some of society’s most pressing challenges are buried in massive amounts of data. [Read more…] about HPE to acquire supercomputer manufacturer Cray for $1.3 billion

Volkswagen to invest €1 billion in new battery cell production facility

Volkswagen is planning to move into the battery cell manufacturing market with an investment of €1 billion in a new production facility in Europe.

The automotive giant will set up the battery cell production facility in the Lower Saxony region of its native Germany.

The company is working with the local government to choose a suitable location for the factory complex, and is likely to partner with businesses from relevant sectors.

[Read more…]

Trump trade tariffs to hit $300 billion worth of Chinese goods

US President Donald Trump’s proposed increase in tariffs will hit $350 billion worth of goods imported from China, according to economic analysts.

Trump announced his intention to impose the additional tariffs recently in a tweet, but the US and China are currently locked in trade talks and there may be some modifications to the proposal.

The effects of his announcement, however, have been far-reaching, and are said to be the reason for the $1 trillion fall in share prices around the world.

[Read more…]

OnRobot opens Singapore office for its robot end-of-arm tools

OnRobot, the Danish end-of-arm tooling specialist, is opening regional headquarters in Singapore.

OnRobot says it will closely focus on the growing demand of end-of-arm-tooling (EOAT) in robotics automation in Southeast Asia.

OnRobot specializes in EOAT for collaborative applications, where machines and humans come together to automate, for faster and cost-effective production. [Read more…] about OnRobot opens Singapore office for its robot end-of-arm tools