According to the Economic Times, “India’s engineering goods exports to Iraq more than halved in May and have now almost come to a halt due to ongoing clashes between government forces and rebels in the West Asian country.”
News about driverless cars dominates the tech and auto industries. Now, there’s a new auto-tech trend on the scene: 3D printed cars.
According to a report by Forbes, “Global healthcare major Abbott Laboratories has agreed to acquire Russian pharmaceutical company Veropharm for between 13.6 billion and 17 billion rubles ($395 million – $495 million) in an all-cash deal. Veropharm is one of the leading generic drug manufacturers in Russia and the deal is likely to give Abbott…
According to CBS News, “BMW, Chrysler, Ford, Honda, Mazda, Nissan and Toyota will all recall cars at the U.S. government’s request because their air bag inflators could rupture. If that happens, the air bags might not work properly in a crash, and shards from the ruptured system could fly out and cause injury.”
Economists and shipping and oil company A.P. Moeller-Maersk A/S are stunned over China’s rejection of a freight agreement that would have changed the way countries handled imports and exports.
L&T’s chairman AM Naik spoke with the Economic Times regarding the state of jobs in India — specifically in the manufacturing and trade industries. The India-based engineering and technology firm wants the government to recognize just how the country’s current economy is keeping India from achieving global success with these sectors.
According to the Daily Mail, “About 250 Ford Australia workers will lose their jobs at the car manufacturer’s Broadmeadows and Geelong factories, it has been revealed. The Australian Manufacturing Workers Union have confirmed to Daily Mail Australia these redundancies were a long time coming, with Ford flagging jobs were at risk earlier this year as…
Canadian manufacturing has been consistently low up until April, when Alberta factory sales numbers reached 10.7 percent for a total of $6.6 billion in spending – the best in the country.
According to the New York Times, “The company […] announced its latest round, for 2.7 million vehicles, bringing to nearly 11.2 million the number of vehicles recalled this year by G.M. in the United States and 12.8 million worldwide. Last year, it recalled almost 758,000 in the United States.”
Amazon and other big name e-commerce companies, such as eBay, are facing backlash over the recent spike in counterfeit goods. Retail companies who sell their products through these additional channels are concerned over imitation product-mixing that’s taking place within the Amazon warehouse.