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North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

Mold Making Technology

(HRI) recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4%, resulting in $8.3 Several key factors are driving up the tooling spend growth.

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Honda to invest $15B in Canada to strengthen EV supply chain

Automation Mag

The proposed Honda EV value chain will also include a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Honda expects EV production to begin at the Marysville Auto Plant in late 2025.

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Ont. announces over $750K investment to support laid-off automotive mfg. employees

Canadian Manufacturing

BRAMPTON — The Ontario government is investing $751,607 to support 3,914 laid-off automotive employees impacted by the recent closure of Stellantis automotive assembly plants in Peel and Durham regions.

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North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

Fabricating & Metal Work

(HRI), a leading authority to the manufacturing industry, recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4% resulting in $8.3B

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HP Supply chain and additive manufacturing opportunities in Spain

SMMT

We are facing a global supply crisis, strongly affecting the automotive sector, hindering its production chains and, therefore, its sales. Thus, we have learned that we must evolve towards more diversified supply chains, where components manufacturing sites are closer to assembly lines and consumer markets.

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200mm semiconductor fab capacity projected to grow to record high by 2025: SEMI report

Canadian Manufacturing

Surging demand for automotive and other applications are driving the capacity expansion for power semiconductors and MEMS. 18 in its 200mm Fab Outlook to 2025 report. 18 in its 200mm Fab Outlook to 2025 report. The SEMI 200mm Fab Outlook to 2025 report tracks more than 330 fabs and lines. Regional Outlooks.

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UK Automotive calls for urgent action plan to safeguard £14bn recovery as investment deadlines loom

SMMT

Industry outlook highlights strategic importance of Automotive to Britain’s economic recovery, with growth worth £14 billion targeted in 2023. The UK automotive industry has today urged government to take rapid action to secure the long-term future of one of the country’s most important assets, while accelerating its decarbonisation.