Soaring demand for specialised bearings is driving fast-paced changes in mass production techniques aimed at quality and price. By Robi Nudelman, Bearing Industry Manager, and Yair Feraro, Application Engineer at Iscar.
Worldwide: Research by Bloomberg New Finance indicates that falling battery costs will mean electric vehicles (EVs) will be cheaper to buy in the US and Europe as soon as 2025.
Herzogenaurach, Germany: Dr Dirk Kesselgruber will join Schaeffler Group on 1 October 2017, where he will assume the position of head of the chassis systems business division in automotive.
Nürtingen, Germany: Heller GmbH has reported its annual results for 2016. With an annual turnover of 537 million euros (US$599 million) for the year and order intake of US$588.1 million, the company’s key financial data for the year 2016 exceeded the targets set out in its respective annual plans.
Metal stamping machine tools are seeing updates with new servo motor technology and intelligent machines. By Michael E Neumann
China: Auto sales growth in China plunged in the first two months of the year after a sales tax increase.
A visible shift of energy source, materials and design prompts even more intricate processing of automobile components. By Masatoshi Nojiri, OSG applications engineer
New Delhi, India: French car manufacturer Peugeot has acquired the Ambassador car brand from its maker Hindustan Motors in a deal worth 800 million rupees (US$12 million).
Worldwide: Volkswagen AG was last year’s best-selling automaker worldwide for the first time. Propelled by surging demand in China that was largely unaffected by the diesel debacle, the company overtook Toyota Motor Corporation to sell a record 10.3 million vehicles in 2016, a 3.8 percent increase from a year earlier.