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UK Automotive welcomes plan to extend EV trade rules and calls for urgent adoption to avoid tariff cliff-edge

SMMT

The UK automotive industry has today welcomed the European Commission’s proposal to extend the current rules of origin for electric vehicle batteries under the Trade Cooperation Agreement (TCA) until 2027 – and urged every government to back it. We urge every party to get behind it.

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Manufacturing PMI® at 49.2%; April 2024 Manufacturing ISM® Report On Business®

Fastener News Desk

Suppliers continue to have capacity but work to improve lead times, due to their raw material supply chain disruptions. Operational output is still strong, and the supply chain has the capacity to support. It took some customers longer to replenish their supply chain network after the fourth-quarter rush we commonly have.

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Exotec to discuss 5 change management strategies for implementing warehouse automation

Robotics Business Review

Source: Exotec To successfully deploy warehouse automation, an understanding of change management is as important as technical expertise. EDT on Thursday, May 16, 2024. Exotec is 2024 RBR50 Robotics Innovation Award Winner for its deployment of the Skypod system at Lane Automotive.

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2023 robot orders down 30% from 2022 in North America, according to A3

Robotics Business Review

Source: A3 After two years of record sales, North American robot orders declined by 30% in 2023, said the latest report from the Association for Advancing Automation, or A3. The organization said it expects the slowdown, particularly in automotive manufacturing, to continue until the second half of 2024.

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Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®

Fastener News Desk

The Prices Index climbed into expansion (or ‘increasing’) territory as new pricing levels for 2024 went into effect.” WHAT RESPONDENTS ARE SAYING “The start of 2024 looks good. A few commodities are up in cost due to supply shortages. Cash flow will be tight in 2024.” TEMPE, Ariz. , Feb.

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Will autotech ventures race east in 2024?

Robotics Business Review

Source: LinkedIn As The Robot Report reported last October, one of the biggest autotech stories of the year was the stalling of Cruise after California’s Department of Motor Vehicles suspended its driverless testing license. Submit your nominations for innovation awards in the 2024 RBR50 awards. Elon Musk talks about autotech on X.

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

Under guidance released in April by the US Department of Treasury following the Inflation Reduction Act, effective April 18, 2023, only EVs that fulfill specific mineral sourcing and battery pack content requirements will qualify for tax credits. Subject to a price cap (i.e.,