Remove 2029 Remove Automotive Remove Supply Chain
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North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

Mold Making Technology

HRI) recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4%, resulting in $8.3 Photo Credit: Getty Images. Harbour Results Inc.

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Nissan commits to making next-gen EV batteries by 2029

Canadian Manufacturing

Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said on Apr. 16 during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector.

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Chip crisis subdues new car market but EVs now second only to petrol

SMMT

Supply chain shortages subdue new car market to 1.61m units in 2022 – a -2.0% Mike Hawes, SMMT Chief Executive, said, The automotive market remains adrift of its pre-pandemic performance but could well buck wider economic trends by delivering significant growth in 2023. million new car registrations in 2023, worth around £8.4

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Only 16% of manufacturers has real-time visibility into production, says Zebra

Robotics Business Review

The report also found that 61% of manufacturers expect artificial intelligence to drive growth by 2029, up from 41% in 2024. They included automotive, electronics, food and beverage, pharmaceuticals, and medical devices. Zebra commissioned Azure Knowledge Corp.

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North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

Fabricating & Metal Work

(HRI), a leading authority to the manufacturing industry, recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4% resulting in $8.3B

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Neo secures contract for EV magnet supply in Europe

Canadian Manufacturing

Production is expected to start in the second half of 2026 and continue through 2033, with peak supply anticipated in 2029. Neo is positioning itself to benefit from regulatory changes and the EV industry’s shift towards local supply chains.

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Confronted by Rising Costs, Weakening European Demand, and Increased Competition from Chinese Automakers, Volkswagen opts for Drastic Restructuring

Frost & Sullivan Manufacturing

Volkswagen, Germany’s iconic automotive brand, is on the verge of making drastic structural changes. The move, prompted by the company’s need to realign its finances and meet long-term strategic goals, has sent shockwaves through the global automotive market.