SKF is making further investments in strengthening its manufacturing footprint in China for ball bearings. The investment is in-line with the Group’s region-for-region manufacturing strategy. The Group announced a SEK 370 million investment in a new factory in Xinchang in June 2019. With the factory now operational, a f
Ruland Manufacturing and Reliance Precision have agreed to cooperate by offering Reliance designed and manufactured slit couplings through Ruland’s eCommerce platform and extensive worldwide distribution network. Ruland will stock and bore to size a wide selection of slit couplings in its Marlborough, MA location. The addition of slit co
In Brazil, the government has been looking to bring relief to a semi-arid area in the northeast of the country that is home to 12 million people. Sulzer designed and manufactured six of the largest pumps in the project, to transfer water from the São Francisco River to the drought-affected area. For decades, work has be
Bombardier Inc. shares fell nearly 10 per cent in midday trading Monday after news that it will be dropped from the S&P/TSX composite index, adding to the plane-and-train maker’s list of woes. S&P Dow Jones Indices said Friday after markets closed that Bombardier and 13 other companies would be removed from the index on June 22. T…
The Power Transmission Distributors Association (PTDA) first quarter 2020 Sales History & Outlook Report (SHOR) shows that the COVID-19 outbreak, and oil supply-demand imbalance have resulted in a steep drop-off in sales across many sectors of the economy. PTDA Distributors SHOR Index and Manufacturers SHOR Index will reach cyclical lows…
The scandal erupted in 2015 when Volkswagen, which owns Audi, acknowledged that 11 million vehicles had been sold that gave better results during pollution tests than in actual use. Former Audi and VW director Axel Eiser has been arrested in Croatia in connection with the "dieselgate" engin
Post lockdown, it has been a flurry of performance cars entering the Indian market. Audi India is planning to to launch the new version of RS 7. The German luxury carmaker has teased the upcoming Audi RS 7 Sportback in Twitter. The Audi RS 7 Sportback is an coupe-shaped model
Power management company Eaton has been named a recipient of IDG’s 2020 CIO 100 award. For more than 30 years, the CIO 100 awards have recognized innovative organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). Eaton was recognized for its
The WBTC introduced 80 domestically manufactured e-buses to reduce pollution while 150 more will be introduced in the mid-term. The International Energy Association’s (IEA) flagship report, Global Electric Vehicle Outlook (GEVO) 2020, was released on Monday at Paris. The report is based on the study of deployment of&nbs
The jobs are expected to be cut from across the business' UK manufacturing sites, a process that will begin at the end of July and last through the year. Tata Motors owned Jaguar Land Rover (JLR) is planning to cut over 1,000 contract-agency jobs amid the ongoing COVID-19 pandemic pressures.
Union minister Nitin Gadkari had suggested the NMC develop waste to energy project. The Nagpur Municipal Corporation (NMC) has cancelled the proposed waste to energy and waste to bio-CNG projects. It will continue with compost, material recovery facility (MRF) and reuse of construction and demolition waste projects
Maruti Suzuki also announced that it sold more than 39 lakh units of the Alto entry-level small hatchback in India since its launch in September 2000. Maruti Suzuki on Tuesday has announced that it has sold more than 22 lakh Swift hatchbacks in India in last 5 years, since its inception. The automaker claimed t
The Association for Advancing Automation (A3) has announced a lineup of five new virtual events taking place in the fall of 2020. As COVID-19 continues to make it difficult or impossible to hold large gatherings, A3 is transitioning the following 2020 in-person conferences to virtual events as well as adding two new events: <
Out of the total sanctioned 100% collateral-free loan amount, public sector banks have already disbursed over Rs 1,136 crore to 32,197 MSMEs in Punjab, Haryana, Himachal Pradesh and Chandigarh till June 11. The public sector banks in the region have sanctioned a loan of over Rs 2,212 crore under the central go
Preparations for production of the BMW iX3 were stepped up in Shenyang in parallel. The BMW Group is systematically pursuing its electrification strategy and will release the new BMW iX3 in China by the end of 2020, German carmakers informed. BBA Plant Dadong will produce the first Sports Ac
To make sure that vehicle checking does not get hampered because of the ongoing monsoon season, the district administration, in cooperation with the Tata Steel Utilities and Infrastructure Services Ltd, is constructing makeshift hangers on a temporary basis at the inter-district checking points. With motorists in S
The Mexican unit of Volkswagen AG had previously said it was ready to resume operations in Puebla and the state of Guanajuato on June 15. Volkswagen AG's Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for "preparation and training eyeing a gradual
