Shares in big European carmakers have fallen after Germany's Daimler warned of lower earnings this year because of US-China trade tensions. Daimler forsees lower sales of Mercedes-Benz cars due to a tax on the import of US vehicles into China.
At its annual PowderMet conference, the MPIF (Metal Powder Industries Federation) provided data on the State of the PM Industry in North America.
Renault will invest more than 1 billion euros ($1.2 billion) to increase electric vehicle production capacity in France and add new models, the automaker said in a statement.
The US Federal Reserve has voted to raise the target for its benchmark interest rate by 0.25%, citing solid economic expansion and job gains. The widely-anticipated decision will lift the target for the central bank's benchmark rate to 1.75%-2%, the highest level since 2008.
Volkswagen has been fined €1bn (£880m) by German prosecutors over its diesel emissions scandal. The Braunschweig public prosecutor found VW had sold more than 10 million cars between mid-2007 and 2015 that had emissions-test-cheating software installed. The car firm said it did not plan to appeal against the fine. VW said it had admitted "its responsibility for the diesel crisis".
Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation. Middle managers and back-office staff are to bear the brunt of the cuts, which are expected to hit its Derby base hard. The company is refocusing its business on civil aerospace, defence and power systems. About a third of the job cuts are expected to happen by the end of this year, Rolls-Royce said.
Fiat Chrysler Automobiles plans to spend 9 billion euros ($10.5 billion) or 20 percent of its total budget for capital expenditures through 2022 to develop electrified vehicles to comply with emissions standards.
New-car sales growth in Western Europe will be tempered this year by political uncertainty surrounding Italy and a new emissions test cycle which is leading to higher readings of carbon dioxide pollution (CO2), forecasters LMC Automotive said.
Volkswagen brand was among the few gainers as German vehicle sales fell 5.8 percent in May. Overall registrations in the market were 305,057, the KBA motor vehicle authority said on Monday.
PyroGenesis Canada Inc a TSX Venture 50® high-tech company, a Company that designs, develops and manufactures plasma-based systems and plasma torch systems, is pleased to announce that it has signed its first major exclusive commercial agreement for the sale of titanium (Ti-6Al-4V) powders for use in the additive manufacturing (“AM”) industry, after having been qualified as an approved supplier by a client in Asia.
EOS, a world leading technology supplier in the field of industrial 3D printing of metals and polymers, has announced its membership to the Manufacturing Technology Centre (MTC) based in Coventry, England. The MTC membership demonstrates EOS’s continued commitment to the UK’s manufacturing sector.
In April 2018, registrations of new commercial vehicles in the European Union posted robust growth (+9.6%) after a decline in March, counting nearly 200,000 units.
Jaguar Land Rover will spend about 4.5 billion pounds ($5.3 billion) in the current financial year on new models and technologies as the UK-based automaker looks to spur slow vehicle sales.
Hamburg, Germany's second-largest city, will restrict older diesel vehicles from selected urban areas starting next week, marking the first driving ban in the country for the embattled technology.
The French government has pledged to work with automakers and major suppliers to increase sales of electric vehicles sharply and build up the network of charging stations, as part of a new "strategic contract" with the automotive sector.
The European Parliament (EP) plenary approved the four Directives under the Circular Economy Package -
Eurometaux has provided some details on the recent Europe on the Move III - EU's 3rd Mobility Package announcement.