Market research analysts forecast the global atmospheric heat treatment equipment market to grow at a CAGR of more than 5% during the forecast period, according to their latest report. The report has further segmented the global atmospheric heat treatment equipment market on the basis of end-users (aerospace, automotive, heavy equipment, and others) and geography (APAC, the Americas, and EMEA). Technavio analysts highlight the following three market drivers that are contributing to the growth of the global atmospheric heat treatment equipment market: Stable growth of automotive industry Expansion of construction sector Growing machine tools market Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Read More

Steel production in the United States surged by 8.6 percent year-over-year in September, according to the World Steel Association. The trade association reported that steel output rose by 5.6 percent internationally in September, as compared to September 2016. The 66 steel-producing countries the World Steel Association tracks cranked out 141.4 million tons of steel, nearly half of which was made in China. China made 71.8 million tons of steel in September, more than 10 times as much as the 6.7 million tons produced in the United State that month. In September, steel production increased by 13 percent in Turkey, 8.3 percent in Italy, 7.6 percent in Brazil, 6.7 percent in Spain, and 3.2 percent in France, according to the World

Ford Motor Co. reported a higher third-quarter profit, paced by truck sales. Ford (Dearborn, MI), posted a quarterly profit of $1.56 billion, or 39 cents a share, up from $957 million, or 24 cents, a year earlier. Quarterly revenue rose to $33.6 billion from $33.3 billion in 2016’s third quarter. The automaker said its F-Series pickups recorded a US sales gain of 14% during the quarter compared with the year-earlier period. Also, the average F-Series transaction price was $45,400 per truck, up $2800 from the same period last year. Large pickups are one of the main sources of profit for Ford, General Motors Co. (Detroit) and FCA US LLC (Auburn Hills, MI). Ford deposed CEO Mark Fields in May, replacing him with

Ford Motor Co. reported a higher third-quarter profit, paced by truck sales. Ford (Dearborn, MI), posted a quarterly profit of $1.56 billion, or 39 cents a share, up from $957 million, or 24 cents, a year earlier. Quarterly revenue rose to $33.6 billion from $33.3 billion in 2016’s third quarter. The automaker said its F-Series pickups recorded a US sales gain of 14% during the quarter compared with the year-earlier period. Also, the average F-Series transaction price was $45,400 per truck, up $2800 from the same period last year. Large pickups are one of the main sources of profit for Ford, General Motors Co. (Detroit) and FCA US LLC (Auburn Hills, MI). Ford deposed CEO Mark Fields in May, replacing him with

According to a March 15th statement by General Motors Company (GM), 500 assembly plant workers in Michigan, who are expected to be laid off this May, will be rehired in 2018 due to sound demand for larger vehicles. Last week it was announced that 1 100 workers at the auto maker’s Lansing Delta Township plant in Michigan would be laid off in May. According to plans, that factory will manufacture the Buick Enclave and the Chevrolet Traverse SUVs, while production of the GMC Acadia SUV will be relocated to Spring Hill, Tennessee. General Motors shares closed higher for a third straight trading session on Wednesday. The stock went up 0.35% ($0.13) to $37.09, after touching an intraday high at $37.16,

When President Donald Trump arrives in Michigan on Wednesday, he’ll find a state eager to cement its role as the heart of the U.S. automobile industry as it heads into its autonomous and connected vehicle revolution. Trump, in turn, is signaling to the automotive leaders gathering with him for a conversation on jobs and emission standards that he’s elevating mobility as a national business issue. He’s doing that through his choice of venue: The American Center for Mobility in Ypsilanti Township. The location also is notable, in the months after a contentious election that’s left many people polarized along party lines, for its ability to pull officials in Michigan into bipartisan support as they seek federal funding. The American Center

Ford said it was spending US$1.2bn on Michigan factories to build new trucks and SUVs and expand as a mobility company. The automaker will allocate $850m to its Michigan Assembly Plant to retool to build the revived Ranger small truck and Bronco SUV. Ranger assembly starts at the end of 2018 and Bronco follows in 2020. The company also plans to create or retain 130 jobs and spend $150m to expand capacity for engine components for several vehicles, including the planned Ranger and Bronco, at its Romeo Engine Plant in Michigan. Ford will also spend $200m on an advanced data centre to support the company’s expansion to an auto and a mobility company. It is the second of two new

An automotive supplier is investing nearly $50 million in two Kentucky operations in part because of more business from Ford’s Louisville area manufacturing plants. Livonia, Mich.-based Tower International will invest about $20 million in its Shepherdsville facility to increase its size to 312,000 square feet, up from 219,000. Derek Fiebig, executive director for investor and external relations, told Insider Thursday that the company planned to hire 35 employees between June and September, primarily to produce floor assemblies. Customers for the product include Ford Motor Co.’s Louisville Assembly Plant, which uses the assemblies in the Escape. Ford accounts for about a third of the company’s total revenue, according to its most recent annual report. Tower International also makes the frame assembly