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Industry News: Page 30
Trends
Yanmar CE Releases Compact Track Loaders in North America
Yanmar Co. Ltd.
The new offering is the culmination of four years of research and development following the company’s acquisition of a U.S. manufacturing facility and engineering team focused on compact track loaders.
Transmissions
Allison Transmission Launches New Venture Capital Arm
Allison Transmission
Allison Ventures to invest in early- and growth-stage companies to drive technology advancement across commercial-duty mobility and work solutions.
On-Highway
Maximizing Today’s ADAS System Performance
Bendix Commercial Vehicle Systems LLC
Dive into the capabilities of today’s advanced driver assistance systems in on-highway commercial vehicles.
Trends
Volvo Trucks North America Unveils Volvo VNL
Volvo Trucks North America
Featuring next-gen enhancements and a fuel efficiency improvement of up to 10%, the new model is set to begin production at the Volvo Trucks New River Valley Plant in Dublin, Virginia.
Electronics
Epec Opens Smart Factory in Finland
Epec
The new smart electronics factory aims for carbon neutrality and uses responsible manufacturing processes, including electricity generation from more than 600 solar panels.
Market Analysis
January 2024 Equipment Market Outlook
ITR Economics
While positive momentum in some areas, such as construction machinery orders, may suggest improvement, the potential for mild macroeconomic decline still looms for several areas of the economy.
Trends
Moog Launches ZQuip Modular Battery System
Moog Construction
The modular energy solution is designed to convert diesel-powered construction fleets into zero-emissions machines that create all-electric jobsites.
Trends
Cummins, Daimler Truck, PACCAR to Produce Batteries in Mississippi
Cummins Inc.
The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.
Smart Systems
HD Hyundai Teams Up With Google Cloud to Accelerate AI Innovation
HD Hyundai
The collaboration will introduce generative AI across Hyundai's core businesses, including its shipbuilding and construction machinery businesses in Korea.
Fuels & Fluids
Westport Appoints Dan Sceli as CEO
Westport Fuel Systems Inc.
Dan Sceli joins Westport as incoming CEO, assuming the role from Tony Guglielmin, who has supported Westport's leadership team as interim CEO since August 2023.
Industry News
AGCO Names Viren Shah as Chief Digital & Information Officer
AGCO Corporation
With more than 20 years of experience in IT, Shah will lead the development, design and implementation of the company’s digital vision and strategy, including IT and data analytics.
Engines
Cummins’ Rocky Mount Engine Plant Announces $580M Project
Cummins Inc.
The investment will involve installing new equipment for the future of manufacturing and upgrading the assembly line as the company plans for zero emissions across its products.
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