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2020 saw ‘significant organizational growth and progress in autonomous vehicle market’, says industry group

February 25, 2021 by David Edwards Leave a Comment

2020 saw “significant organizational growth and progress” in the autonomous vehicle market, according to the Autonomous Vehicle Computing Consortium, a global group of automotive and technology industry leaders cooperating to help accelerate the delivery of automated and assisted driving compute solutions.

AVCC members have finalized two key foundation documents, new working groups have kicked off work, and critical topics such as cybersecurity are now being addressed. Additional work and liaisons are kicking off in 2021, and new members are invited to help drive these initiatives forward.

Armando Pereira, president of AVCC, says: “The need for AVCC’s guidance for autonomous vehicle computing has gained importance over the past year, and we are proud of our technical committees’ work to unite and build consensus around industry recommendations. [Read more…] about 2020 saw ‘significant organizational growth and progress in autonomous vehicle market’, says industry group

Filed Under: Autonomous vehicles, Features Tagged With: architecture, autonomous, av, avcc, compute, computing, cybersecurity, development, documents, drive, group, growth, hardware, industry, members, membership, progress, quarter, recommendations, release, requirements, signal, standards, technical, vehicle, work, working, year

Toyota boss calls for transformation as profit plunges 74 percent

August 7, 2020 by Mai Tao Leave a Comment

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

Filed Under: Industry, News Tagged With: automotive, billion, business, case, company, era, future, indicating, industry, model, pandemic, president, profit, quarter, toyoda, toyota

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

June 11, 2020 by Sam Francis Leave a Comment

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

Filed Under: Features, Industrial robots Tagged With: analysis, automation, automotive, collaborative, covid, energy, expected, forecast, global, growth, industrial, interact, long-term, manufacturing, market, maya, negative, orders, pandemic, percent, positive, production, projected, quarter, rebound, revenue, robot, robots, shipments, suppliers, year

GM to invest $150 million in Flint truck assembly plant

August 23, 2019 by Keyam

General Motors has announced the second major expansion of its full-size pickup production capacity this year: a $150 million investment at Flint Assembly to increase production of the all-new Chevrolet Silverado and GMC Sierra heavy-duty pickups.

This news follows GM’s announcement last month to expand light-duty, full-size pickup production capacity in Fort Wayne, Indiana, in response to strong customer demand.

GM has invested more than $1.6 billion in the Flint Assembly since 2013, enabling an increase in the truck plant’s production capacity of the all-new Chevrolet and GMC HD pickups by about 40,000 vehicles annually, including more crew cab models and diesels. [Read more…] about GM to invest $150 million in Flint truck assembly plant

Filed Under: Manufacturing, News Tagged With: all-new, assembly, build, cab, capacity, chevrolet, crew, flint, fort, full-size, gm, gmc, hd, heavy-duty, increase, invested, investments, michigan, models, ohio, pickup, pickups, plant, production, quarter, sierra, silverado, truck, wayne, year

US manufacturing output reaches ‘all-time high’

August 21, 2019 by David Edwards

Manufacturing output in the US has reached an “all-time high”, signaling the industry’s strength, according to the National Association of Manufacturers.

For the past two years, manufacturers have been setting new records when it comes to manufacturing output, and through the first quarter of 2019, the industry has continued to reach new heights.

Four out of five manufacturers remain positive about their company’s outlook, according to the National Association of Manufacturers’ latest Outlook Survey, and new Bureau of Economic Analysis data find that manufacturers’ level of output hit an all-time high once again. [Read more…] about US manufacturing output reaches ‘all-time high’

Filed Under: Manufacturing, News Tagged With: all-time, association, bureau, continued, economic, economy, goods, high, hit, industry, job, jobs, labor, manufacturers, manufacturing, moutray, nam, national, openings, outlook, output, quarter, records, sector, survey, trillion, workforce

Super Micro to avoid Chinese components amid US-China trade war

May 1, 2019 by Mai Tao

Super Micro Computer, one of the world’s largest server manufacturers, has decided to avoid using components manufactured in China, according to a report on Nikkei.

Nikkei reports that Super Micro has instructed its suppliers to move production out of China.

Super Micro says the move is a consequence of the trade dispute between the US and China, in which security concerns raised by the US have also affected other Chinese companies such as Huawei.

[Read more…] about Super Micro to avoid Chinese components amid US-China trade war

Filed Under: Manufacturing, News Tagged With: administration, avoid, china, chinese, companies, components, computer, current, expressed, manufacturers, micro, move, nikkei, operations, percent, quarter, reports, sales, server, super, super micro computer, trade, war, year, years

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Secondary Sidebar

Latest news

  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
  • Walmart and Symbotic expand partnership to implement automation system
  • Comau brings high-speed robotic precision to the cosmetics industry
  • EAVX unveils autonomous ‘walk-in van’ prototype
  • MassRobotics launches $50,000 robotics competition
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Radial expands relationship with Locus Robotics
  • Things to consider while choosing a 45ft flat rack container
  • Why Do Truck Drivers Need ELDs?

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