PLÜDERHAUSEN, Germany—Crane Electronics Group has opened a new sales and service facility here to serve customers and distributors throughout Europe. Located near Stuttgart, the new facility includes an onsite calibration laboratory.
Rivian Automotive is recalling more than 12,000 vehicles – nearly every EV it has made to date – to double-check that a fastener in the vehicles' steering assembly was properly tightened. The defect involves a fastener in the front suspension that may not have been tightened fully in some vehicles.
MOSCOW—Nissan will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), taking a loss of around $687 million. The decision marks the latest costly exit from the country by a global company.
VAN BUREN TOWNSHIP, MI—Our Next Energy (ONE), a Michigan-based energy storage technology company, will invest $1.6 billion to build a new battery cell manufacturing plant here.
Audi is the latest automaker looking to shift its strategy after the historic Inflation Reduction Act passed in August. The Inflation Reduction Act provides tax credits for buying electric vehicles in the US.
Selecting a conveyor for an automation project is certainly not a “one-size-fits-all” scenario. Automation applications are incredibly diverse, and the options and features available on conveyors reflect that. Some industries have specific health and safety requirements, while others are less restrictive. Some will need a certain feature for the automation application to work, while others are more flexible.
IRVINE, CA—
Rivian Automotive Inc.’s shares rose after the automaker reported progress in ramping up production and reaffirmed its goal to build 25,000 electric vehicles this year.
DETROIT—GM posted a double-digit gain in third-quarter sales on improved supplies of hard-to-find computer chips, allowing it to best Toyota Motor Corp. by some 30,000 vehicles.
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