Worldwide: The year 2016 witnessed a record high the automotive market, with sales volumes reaching 93.5 million units globally, according to a report by WardsAuto.
Philippines: The local automotive industry’s volume sales reached 94, 000 units in the first quarter of 2017, an increase of 23 percent from 76,400 units sold in the same period last year, according to the Chamber of Automotive Manufacturers of the Philippines Incorporated (CAMPI).
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).