Smart factory adoption could be catalyst for automotive industry

A new study has found that adoption of smart factory technology is set to add up to $160 billion annually to the global auto industry in productivity gains by 2023 onwards. Meanwhile, at a further 43% of automotive companies, smart factory initiatives are currently being formulated. Researchers found that, the automotive sector has the highest share of organisations which have invested more than $250 million in smart factories. Along with America, which under its current administration is placing a heightened importance on home-grown manufacturing, manufacturing hubs of India and China also lag behind Western Europe's main players. This study clearly demonstrates the enthusiasm among automotive organizations to invest in smart factories and the awareness of the long-term benefits.

Patimban port crucial for automotive industry

Patimban port crucial for automotive industryJakartaJakarta, posted: Sat, June 30 2018 | 01:36 amDuring a recent meeting between the Indonesian foreign minister and her Japanese counterpart, they reiterated the urgency of speeding up the development of the Patimban seaport in Subang regency, West Java. The new port has been chosen as a replacement for the Cilamaya port project in Karawang regency, West Java, which was rejected due to its proximity to oil platforms in the Java Sea. ...TOPICRELATED NEWS

Local automotive industry uncertain after Trump, Trudeau tariff announcement

referring to WindsorLocal automotive industry uncertain after Trump, Trudeau tariff announcementShare on Facebook Share on Twitter Share by Email"We're being used as collateral damage," says Unifor President Jerry DiasRolls of coiled steel at Canadian steel producer Dofasco in Hamilton Ont., Tuesday, March 13, 2018. (Tara Walton/The Canadian Press)Tariffs imposed by U.S. President Donald Trump are causing uncertainty in the automotive industry locally. "We're being used as collateral damage in his fight with China, Korea as it relates to steel and aluminum," said Dias. Dias says the tariffs shouldn't hurt the automotive industry in the short term but will have devastating effects on both sides of the border if it continues. The head of the Automotive Parts Manufacturers Association, Flavio Volpe calls Trump's tariffs "a dumb move."

collected by :Catlin Logan

Edit This Article