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

Automation Mag

Honda expects EV production to begin at the Marysville Auto Plant in late 2025. As a second step in this initiative, Honda will strive to establish a comprehensive EV value chain that includes all aspects of EV production in Canada, from the procurement of raw materials mainly for batteries, to the production of finished EVs.

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

Mold Making Technology

billion in spending in 2025, a significant increase from 2022 estimated spend of $5.7 Furthermore, the Detroit Three automakers, who source most of their tools in this region, are planning to source tooling for all new full-sized pickup trucks and SUVs in 2024/2025 and 2026, which significantly increases the tooling demand.

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2025 gas boiler ban proposed in UK government’s net zero review

E&T

It also proposes a 10-year plan to ensure heat pumps become more widespread throughout the UK and the banning of new gas boiler installations from 2025. A new infrastructure strategy should be implemented by 2025 that supports adaptation for new green energy sources such as hydrogen and other liquid and gaseous fuels, the report recommends.

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General Motors taps Aussie company Element 25 to help expand US EV supply chain

AU Manufacturing

Canada and with free trade agreement countries such as Australia,” said Doug Parks, General Motors executive vice president for global product development, purchasing, and supply chain. “The The post General Motors taps Aussie company Element 25 to help expand US EV supply chain appeared first on Australian Manufacturing.

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Bombardier sees profits rise despite supply chain issues and inflation

Canadian Manufacturing

turned a profit in its latest quarter despite the ongoing supply chain issues plaguing the aviation sector, as the business jet maker notched slightly more deliveries at higher prices. Chief executive Eric Martel said 2023 marks the third straight year of supply chain issues. Bombardier Inc. billion from US$1.25

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Global semiconductor equipment sales forecasted to reach $124B in 2025: SEMI report

Canadian Manufacturing

Semiconductor manufacturing equipment growth is expected to resume in 2024, with sales forecast to reach a new high of $124 billion in 2025, supported by both the front-end and back-end segments. “2024 will be a transition year. billion in 2023.

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

Fabricating & Metal Work

in spending in 2025 a significant increase from 2022 estimated spend of $5.7B. Furthermore, the Detroit Three automakers, who source most of their tools in this region, are planning to source tooling for all new full-sized pickup trucks and SUVs in 2024/2025 and 2026, which significantly increases the tooling demand.