Last year was not the best for American industrial machinery manufacturers, but plenty of big names still turned a profit. Here are the largest, in terms of most recent annual revenue.
Four other top Samsung executives were also convicted, with two jailed for up to four years, and the other pair given suspended terms.
The judgement is a very rare victory for a Western brand in an intellectual property infringement case in China, and the damages are far larger than usually granted by Chinese courts.
Midea’s purchase of Kuka put it on the frontlines of the industrial robotics battle just as China embarks on an ambitious plan to automate its vast manufacturing sector.
FCA is forecasting Jeep’s annual sales to jump about 30% next year to 2 million vehicles and predicts the brand could eventually deliver 7 million units a year as appetite for SUVs surges worldwide.
Stacy Smith, who’s been at the world’s largest chipmaker for 30 years, spent nine of them as CFO.
The moves would focus the Italian-American company on mass-market cars to make Fiat Chrysler more attractive for a potential combination with a competitor, sources report.
Exxon said it acknowledges climate change is a risk that requires action, and it dismissed the conclusions of the study, saying the researchers are looking for money.
President and COO George Oliver will assume the role of chairman and chief executive officer on Sept. 1.
The move comes after a government document referenced funding for Dyson to develop “a new battery electric vehicle" last year.