Toyota Motor Corp. will aim to boost its sales of vehicles in emerging markets from 3.7 million in 2012 to 5 million in the future, a company executive said Monday, as the automaker predicts its global sales will reach a record 10 million units.
Nokia said it will buy Siemens' half of their joint network operations in a $2.22 billion deal. The transaction, to be completed during the third quarter this year, will mean that the joint venture between Nokia Corp. and Germany's Siemens AG will become a wholly owned subsidiary of the Finland-based company.
The Fayetteville-based maker of light-emitting diode lighting for industrial, commercial, residential and agricultural applications has struck a deal with Cherokee Nation Industries to build products in Stilwell, Okla., a few miles from the Arkansas border. The company's manufacturing operation had been in Asia.
Investigators were trying to determine Saturday what caused the exhaust system of one of the high-tech tools inside Intel's manufacturing plant in Chandler to spring a leak and expose dozens of workers to nitrogen fumes.The leak did not interrupt the making of any computer chip wafers or microprocessors, but it resulted in 12 contract workers being sent to the hospital.
Welcome to the RoboCup, where more than a thousand soccer-playing robots from forty countries have descended on the Dutch technology Mecca of Eindhoven this week with one goal in mind: beat the humans. Eventually. The tournament's mission is to defeat the human World Cup winners by 2050 — creating technology along the way that will have applications far beyond the realm of sport.
China's manufacturing weakened again in June amid a credit crunch and slower U.S. and European orders, two surveys showed Monday, adding to signs that growth in the world's second-largest economy is decelerating. HSBC's purchasing managers' index declined to 48.2 from May's 49.2 on a 50-point scale on which numbers below 50 show a contraction.
To stay competitive, RSS Manufacturing & Phylrich needed an inexpensive automation solution that could easily be moved between CNC machines, assembly lines and tube benders. The company deployed a UR5 from Universal Robots and was quickly impressed with the Danish robot arm's performance and ease of use.
With all the industry buzz and vendor movement around M2M (Machine-To-Machine), the Internet of Things, and the Industrial Internet, it’s time for CEOs to understand more about M2M, the value it may bring and how connected machines and assets can change their business.
A deal between the government and Chrysler over Jeeps linked to deadly fires isn't sitting well with many Jeep owners and auto safety advocates. In early June, after a nearly three-year investigation, the NHTSA recommended that Chrysler recall 2.7 million older Jeep SUVs because the fuel tanks could rupture, leak and cause fires in rear-end crashes.
Shares of BlackBerry maker Research In Motion slid in premarket trading Friday after the company posted a loss in the first quarter and failed to break out how many of its new BlackBerrys were sold. Analysts were hoping to see how BlackBerry's new touchscreen Z10 phone sold for a full quarter in the U.S. market.
Germany-based Nordex SE, parent company of Nordex USA, said the company had not received enough orders due to an uncertain U.S. market, overcapacity in the industry and an unstable outlook for a federal tax production credit. The company said factory workers would be let go after existing orders have been filled.
Helicopter maker Sikorsky Aircraft Corp. is laying off 200 workers due to military spending cuts and the uneven economic recovery. Spokesman Paul Jackson said Thursday that the subsidiary of United Technologies Corp. is responding to reduced spending by the U.S. and other governments.
Factory output, a closely watched indicator of this export-oriented economy, was driven by increased production of general purpose and electrical machinery, the Ministry of Economy, Trade and Industry said Friday. But compared to a year ago, the industrial production index declined 1 percent.
The indictment handed up in Madison alleges Sinovel Wind Group and the three individuals stole proprietary wind turbine software technology from Massachusetts-based AMSC, formerly known as American Superconductor Inc., cheating the American company out of more than $800 million.
When Specialty Medical Supplies decided to shut down one of its divisions and move some operations to Mumbai, India, several employees were laid off and given severance packages. When Chip Starnes arrived in China last week to lay off the remaining employees in the closed division, he wasn’t allowed to leave.
Belgian scientists are developing a badminton-playing robot to demonstrate how new software can optimize energy efficiency in production machines. Scientists say if they can reduce the energy consumption of these machines, they will be able to significantly reduce the energy consumption of mankind. Reuters' Tara Cleary reports.
Chip Starnes, who said he was "saddened" by the experience, indicated a deal was reached overnight to pay the scores of workers who had demanded severance packages similar to ones given to laid-off co-workers in a phased-out division, even though the company said the remaining workers weren't being laid off.
Michael Buckwald, Leap Motion CEO, explains how the next big tech advance is likely to include a device that allows users to communicate with their computers without using a mouse, keyboard or touch pad.
The European Union has struck a deal on rules establishing who will pay for bank bailouts in the future without taxpayers having to foot the bill. The agreement reached by the EU's 27 finance ministers after seven hours of negotiations early Thursday is an important step toward establishing Europe's so-called banking union with the goal of restoring financial and economic stability to the recession-hit bloc.
After delays, Samsung Electronics Co. rolled out a curved TV Thursday that uses an advanced display called OLED. The 55-inch TV will sell for 15 million won ($13,000) in South Korea, more than five times the cost of LCD televisions of the same size.