Global demand for robots shows no signs of stopping. A recent report by the International Federation of Robotics (IFR) claims that a record 381,000 units were shipped globally in 2017. That’s a 30 percent increase over 2016.
EAST EL PASO, TX—Tokyo-based Foster Electric plans to add an automotive speaker factory to its distribution facility here in 2020 and create 40 new jobs.
DETROIT—Fiat Chrysler plans to convert an idled engine factory here into an assembly plant as part of the automaker’s plans to add a new three-row Jeep SUV to its lineup, The Detroit News has learned.
WASHINGTON—The American Automotive Policy Council, a trade group representing Ford, GM and Fiat Chrysler, is urging the Trump administration to hold off further opening the American market to Japanese cars until Tokyo shows its committment to returning the favor.
REDFORD, MI—Ford Motor Co. announced last week that its new Mustang Shelby GT500 will have two 3D-printed brake components. The announcement was made at the automaker's new $45 million Advanced Manufacturing Center here.
FRANKFURT—Daimler will buy battery cells worth more than $23 billion by 2030, as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars announced on Tuesday.
WASHINGTON—The U.S. trade deficit widened more than forecast in October to the highest in a decade, underscoring continued fallout from the trade dispute with China, Commerce Department data showed last Thursday. The goods trade gap with China widened to a record.
BUENOS AIRES, Argentina—U.S. President Donald Trump and Chinese President Xi Jinping agreed last Saturday to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement. The truce emerged on the sidelines of the Group of 20 summit here.
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