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North American Tooling Industry Faces Sharp Decline
8/2/2017North America’s tool-and-die industry faces a sharp drop in business at the end of the decade that is likely to force many companies out of business, says manufacturing expert Laurie Harbour, CEO of Southfield, Mich.-based Harbour Results Inc.
German Carmakers Claim Software Can Cut Emissions 25%
8/1/2017German carmakers say updating pollution control system software will be able to reduce diesel emissions of nitrogen oxides by at least 25%, according to industry group VDA.
Honda’s Quarterly Net Profit Climbs 16%
8/1/2017Honda Motor Co. reports its net profit in the fiscal first quarter ended June 30 grew to 207 billion yen ($1.9 billion) from 175 billion a year earlier.
U.S. Car Sales Drop 7%
8/1/2017Demand for passenger vehicles in the U.S. sagged 7% to 1.42 million units in July, and the annualized sales pace fell to 16.7 million from 17.8 million a year ago.
GM to Halt Corvette Output to Complete Plant Upgrade
8/1/2017dGeneral Motors Co. is suspending production of its Chevrolet Corvette for three months to complete previously announced upgrades to its Bowling Green, Ky., manufacturing plant.
Report: Ferrari Ponders “Utility” Vehicle
8/1/2017Ferrari SpA, which has frequently declared it will never build a sport utility vehicle, is considering doing just that, sources tell Bloomberg News.
Sales Decline Quickens as U.S. Carmakers Cut Fleet Business
8/1/2017Sharp cutbacks in new-car sales to fleets last month contributed to an accelerating drop in overall volume for Detroit’s traditional domestic brands.
Daimler Invests in Flying Taxi Startup
8/1/2017German startup Volocopter GmbH says it has received 25 million euros ($30 million) in funding from Daimler AG and other investors to launch the flying electric taxi the company is developing.
BMW, Durr Team Up on Paint Data
8/1/2017BMW AG and Stuttgart-based Durr Systems AG say they could increase production uptime, process quality and equipment efficiency by sharing paint shop data.
GM Finalizes Sale of Opel to PSA Group
8/1/2017General Motors Co. has completed the $2.5 billion sale of its 88-year old Opel Automobile GmbH unit to PSA Group.