“In the past three to four months, we’ve noticed that other manufacturers are seriously looking at cobalt supply,” said Markus Duesmann, a BMW purchasing executive. “It’s gotten more hectic and changed a lot over the past year, since so many more...
Detroit’s three automakers sell more than 2 million large pickups a year in the U.S., generating annual revenue of more than $90 billion, with estimated profits of at least $10,000 per truck — and even more for high-end models.
China produced about 90,000 robot units last year, more than South Korea and North America combined, and has already topped that number through October.
The three governments announced a partnership to tackle overcapacity issues and forced technology transfers.
Americans are expected to end the year pumping oil out of the ground at rates unseen since the early 1970s.