Smart factories could boost the global economy by at least $1.5tn over the next five years, so long as manufacturers can adopt the technologies necessary for the transformation.
Adoption of artificial intelligence (AI) and Internet of Things (IoT) can unlock trillions in revenue for firms across the world according to a report by the Capgemini Research Institute – but the majority of manufacturers planning to invest in the technologies are still struggling to scale-up their operations.
After the latest ESA ministerial conference, UK Space Agency confirms continued involvement and five-year spending plan
The UK is to continue its active role as part of ESA, industry secretary Andrea Leadsom confirmed following the ministerial council meeting in Seville this week. As ESA is not part of the European Union’s organisations, the UK’s involvement is not affected by Brexit.
Airbus Defence and Space has invested in US-based battery technology company Amprius, to boost the development of new generation batteries based on silicon ...
Luxury carmaker Mercedes-Benz is to cut jobs with the aim of making more than €1bn (£840m) in savings by the end of 2022. The cuts which reports say will lead to more than 1,000 jobs being lost come as the carmaker faces challenges from new, tougher emissions targets.
Carmaker Audi is to cut 9,500 of its 61,000 jobs in Germany between now and 2025 to make more money available for electric vehicles and digital working.The cuts which aim to save €6bn (£5.1bn) ...
A consortium of aircraft manufacturers has teamed up with Formula One to develop lightweight aircraft seating designed to help reduce CO2 emissions and secure the UK’s foothold in the £16bn aircraft interiors market.
Formula One know-how combined with aerospace composites advanced manufacturing methods will be used to create a lightweight aircraft seating alternative that could vastly diminish carbon emissions and potentially save airlines millions of dollars each year.
The UK new light commercial vehicle (LCV) market declined -23.5% in September, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 41,216 LCVs were registered in the month, down some 12,632 units on September 2018, as regulatory changes, coupled with economic and political uncertainty, impacted the market.
The UK new car market declined -2.5% in the first three quarters of the year, according to figures released today by the Society of Motor Manufacturers and Traders ...
Manufacturers are being left to operate in a seriously challenging trading environment. Why would companies prepare for a further deadline months later? And to what end – are we really any closer to reaching a deal which the EU, the UK Government and Parliament will accept?
Parliament’s recent actions have sought, yet again, to take no deal off the table. This new legislation pushed through by opposition parties means a further extension looks more likely than ever. Taking no-deal on 31 October ...
ASK Chemicals, one of the world’s leading suppliers of foundry chemicals, has entered into a definitive agreement to purchase the industrial resin business from SI Group (New York, USA). With this acquisition, ASK Chemicals is reinforcing its position in the foundry market and at the same time strengthening its non-foundry business.
Rolls-Royce has revealed that repairs to its Trent 1000 engines are taking longer than at first expected.
Jaguar Land Rover (JLR) will shut down production in all its UK plants, including Halewood on Merseyside, for a week, starting from November 4.
The manufacturing giant blamed the uncertainty of Brexit and other external factors on the decision to cease production.
The Manufacturing Technology Centre (MTC) is planning a new facility in Liverpool, focusing on areas including improving product development and measuring emotional responses to advanced manufacturing processes.
A new Digital Manufacturing Centre at Silverstone Park is forecast to generate £9m additional economic value for the area.
The project is led by high-performance engineering consultancy KW Special Projects (KWSP) who secured funding from the South East Midlands Local Enterprise Partnership (SEMLEP) for the 1,657sqm facility.
The news about the Silverstone investment comes in the same ...