industry Archive

  • Last week's scenes of shattered buildings in Mexico City and brave citizens digging earthquake survivors from the rubble across a four-state area were like flashbacks to September 1985, when an even bigger temblor brought Mexico to its knees. But that was then, and this is now. Mexico and its auto industry are likely to move on relatively quickly from the most recent disaster, even as victims and their families take time to heal. In the 1980s, Mexico was a one-party state dominated by government-owned industry that answered to no one. Enforcement of construction codes was diluted by rampant graft and bribery in construction contracts. But the lessons of the 1985 quake, which killed an estimated 10,000 people and damaged thousands of buildings, laid the foundation for a nation that takes such things as building codes, worker safety and citizen action much more seriously. Indeed, the 1985 earthquake is considered a historical inflection point, giving rise to an aggressive civil..

    Mexico earthquake no match for modern auto industry

    Last week's scenes of shattered buildings in Mexico City and brave citizens digging earthquake survivors from the rubble across a four-state area were like flashbacks to September 1985, when an even bigger temblor brought Mexico to its knees. But that was then, and this is now. Mexico and its auto industry are likely to move on relatively quickly from the most recent disaster, even as victims and their families take time to heal. In the 1980s, Mexico was a one-party state dominated by government-owned industry that answered to no one. Enforcement of construction codes was diluted by rampant graft and bribery in construction contracts. But the lessons of the 1985 quake, which killed an estimated 10,000 people and damaged thousands of buildings, laid the foundation for a nation that takes such things as building codes, worker safety and citizen action much more seriously. Indeed, the 1985 earthquake is considered a historical inflection point, giving rise to an aggressive civil..
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  • Japan All Industry Activity Declines As Expected In July Japan's all industry activity decreased slightly in July, after rebounding in the previous month, data from the Ministry of Economy, Trade and Industry showed Thursday. The all industry activity index dropped 0.1 percent month-on-month in July, reversing a 0.2 percent rise in June. The figure also matched consensus estimate. Industrial output contracted 0.8 percent monthly in July, while construction activity showed no variations. Tertiary activity registered an increase of 0.1 percent. On a yearly basis, all industry activity growth moderated to 2.0 percent in July from 2.2 percent in the prior month.

    Japan All Industry Activity Declines As Expected In July

    Japan All Industry Activity Declines As Expected In July Japan's all industry activity decreased slightly in July, after rebounding in the previous month, data from the Ministry of Economy, Trade and Industry showed Thursday. The all industry activity index dropped 0.1 percent month-on-month in July, reversing a 0.2 percent rise in June. The figure also matched consensus estimate. Industrial output contracted 0.8 percent monthly in July, while construction activity showed no variations. Tertiary activity registered an increase of 0.1 percent. On a yearly basis, all industry activity growth moderated to 2.0 percent in July from 2.2 percent in the prior month.
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  • *Japan Jul All Industry Activity Index Down 0.1% On Month, Consensus -0.1% Japan Jul All Industry Activity Index Down 0.1% On Month, Consensus -0.1%

    *Japan Jul All Industry Activity Index Down 0.1% On Month, Consensus -0.1%

    *Japan Jul All Industry Activity Index Down 0.1% On Month, Consensus -0.1% Japan Jul All Industry Activity Index Down 0.1% On Month, Consensus -0.1%
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  • Japanese data out a few moments ago 21 Sept - 0.2% prev revised down from 0.4%

    Japan July all industry activity index mm -0.1% as exp

    Japanese data out a few moments ago 21 Sept - 0.2% prev revised down from 0.4%
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  • Related Stories Ford becomes second automaker to invest in Michigan test site » U.S. push for self-driving law exposes regulatory divide WASHINGTON -- From a regulatory standpoint, September has been a good month so far for U.S. automakers and tech companies racing to develop autonomous vehicles. The House of Representatives passed the SELF DRIVE Act, the Senate Commerce Committee floated a draft bill that soon will become an official proposal, and the Department of Transportation issued revised industry guidance on how the federal government will treat safety compliance in the brave new world of driverless cars. The three efforts reflect the politically conservative tendencies of the Trump administration and Congress in projecting a hands-off approach to establishing a legal and regulatory framework for self-driving vehicles, and they promise to deliver much of the regulatory certainty and consistency sought ..

    Feds in sync with industry on autonomous cars

    Related Stories Ford becomes second automaker to invest in Michigan test site » U.S. push for self-driving law exposes regulatory divide WASHINGTON -- From a regulatory standpoint, September has been a good month so far for U.S. automakers and tech companies racing to develop autonomous vehicles. The House of Representatives passed the SELF DRIVE Act, the Senate Commerce Committee floated a draft bill that soon will become an official proposal, and the Department of Transportation issued revised industry guidance on how the federal government will treat safety compliance in the brave new world of driverless cars. The three efforts reflect the politically conservative tendencies of the Trump administration and Congress in projecting a hands-off approach to establishing a legal and regulatory framework for self-driving vehicles, and they promise to deliver much of the regulatory certainty and consistency sought ..
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  • Related Stories Teamsters chief fears self-driving trucks may be unsafe, hit jobs WASHINGTON -- A U.S. trucking trade group and truck maker Navistar International Corp. urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to market. The House last week unanimously approved a bill to hasten the use of self-driving cars and bar states from blocking such vehicles that applies only to vehicles under 10,000 pounds. The Senate is considering a similar draft measure that could include large commercial trucks. "It's important for industry to participate in the creation of advanced driving technologies now," said Navistar CEO Troy Clarke in testimony before the Senate Commerce Committee. Clark is a longtime former General Motors executive. "Providing clarity on the legislative and regulatory front will allow us, truck manufact..

    Trucking industry, Navistar back U.S. self-driving legislation

    Related Stories Teamsters chief fears self-driving trucks may be unsafe, hit jobs WASHINGTON -- A U.S. trucking trade group and truck maker Navistar International Corp. urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to market. The House last week unanimously approved a bill to hasten the use of self-driving cars and bar states from blocking such vehicles that applies only to vehicles under 10,000 pounds. The Senate is considering a similar draft measure that could include large commercial trucks. "It's important for industry to participate in the creation of advanced driving technologies now," said Navistar CEO Troy Clarke in testimony before the Senate Commerce Committee. Clark is a longtime former General Motors executive. "Providing clarity on the legislative and regulatory front will allow us, truck manufact..
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  • As Irma (now a tropical storm) continued its track through Florida Monday, weakening as it heads now for Georgia, Alabama, Tennessee and Kentucky, the damage done to the Sunshine State is becoming apparent. Residents in the southern part of the state have begun to assess the scope of the flooding and wind damage. Check in with Automotive News throughout the day for updates concerning automotive operations throughout the hurricane-affected region. Update: 11:53 a.m. ET JPMorgan told its clients today that Hurricane Irma could be one of the top 5 most costly hurricanes to hit the U.S., even though damage from the storm is less than feared. JPMorgan analyst Sarah DeWitt used numbers from risk modeling service Air Worldwide, which said Monday insurance losses could be $20 billion to $40 billion from Irma damage. According to JPMorgan, 2005's Katrina cost $49.8 billion in insured losses, followed by 1992's Hurricane Andrew which caused $24.5 billion in losses in today's..

    Auto industry assesses damage from Irma

    As Irma (now a tropical storm) continued its track through Florida Monday, weakening as it heads now for Georgia, Alabama, Tennessee and Kentucky, the damage done to the Sunshine State is becoming apparent. Residents in the southern part of the state have begun to assess the scope of the flooding and wind damage. Check in with Automotive News throughout the day for updates concerning automotive operations throughout the hurricane-affected region. Update: 11:53 a.m. ET JPMorgan told its clients today that Hurricane Irma could be one of the top 5 most costly hurricanes to hit the U.S., even though damage from the storm is less than feared. JPMorgan analyst Sarah DeWitt used numbers from risk modeling service Air Worldwide, which said Monday insurance losses could be $20 billion to $40 billion from Irma damage. According to JPMorgan, 2005's Katrina cost $49.8 billion in insured losses, followed by 1992's Hurricane Andrew which caused $24.5 billion in losses in today's..
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  • Italy July industry output data just out 11 Sept - 1.1% prev - yy 4.4% vs 5.2% prev Mixed bag of Italian data to put into your mix if so inclined. Meanwhile EURUSD surviving its earlier test lower to 1.1993 on the Coeure comments.

    Italy July industry output mm 0.1% vs -0.3% exp

    Italy July industry output data just out 11 Sept - 1.1% prev - yy 4.4% vs 5.2% prev Mixed bag of Italian data to put into your mix if so inclined. Meanwhile EURUSD surviving its earlier test lower to 1.1993 on the Coeure comments.
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  • India Auto Industry Prepares for Government’s Aggressive Push on Vehicles India's push to electrify all new vehicles by 2030 is obliging auto part manufacturers and carmakers to outline early plans for electrification, company executives said. According to a government official, a new auto policy will include a roadmap for electric vehicles and will likely be made public before year-end. India's road transport minister Nitin Gadkari recently called for companies to begin building electric and alternative fuel vehicles or risk being overtaken by policy changes. “Don't get confused about policy and rules, foray into electric bikes, buses and cars. I won't seek your suggestions over this. You have to diversify,” Gadkari said. Engine-maker Cummins India is currently investing in research on electric mobility solutions for the country. Hyundai Motor Co has also started negotiations with some of its suppliers for components for electric cars, company executives said...

    Prime News: India Auto Industry Prepares for Government’s Aggressive Push on Vehicles

    India Auto Industry Prepares for Government’s Aggressive Push on Vehicles India's push to electrify all new vehicles by 2030 is obliging auto part manufacturers and carmakers to outline early plans for electrification, company executives said. According to a government official, a new auto policy will include a roadmap for electric vehicles and will likely be made public before year-end. India's road transport minister Nitin Gadkari recently called for companies to begin building electric and alternative fuel vehicles or risk being overtaken by policy changes. “Don't get confused about policy and rules, foray into electric bikes, buses and cars. I won't seek your suggestions over this. You have to diversify,” Gadkari said. Engine-maker Cummins India is currently investing in research on electric mobility solutions for the country. Hyundai Motor Co has also started negotiations with some of its suppliers for components for electric cars, company executives said...
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  • Japan's Tertiary Industry Activity Rises In July Japan's tertiary industry activity recovered in July, data from the Ministry of Economy, Trade and Industry showed Monday. The tertiary industry activity index gained 0.1 percent month-on-month in July, reversing a 0.2 percent drop in June and flat growth in May. The monthly rate came in line with expectations. Broad-ranging personal services climbed 0.5 percent, while broad ranging business services showed nil growth in July. On a yearly basis, the growth in tertiary activity stabilized at 1 percent in July.

    Japan's Tertiary Industry Activity Rises In July

    Japan's Tertiary Industry Activity Rises In July Japan's tertiary industry activity recovered in July, data from the Ministry of Economy, Trade and Industry showed Monday. The tertiary industry activity index gained 0.1 percent month-on-month in July, reversing a 0.2 percent drop in June and flat growth in May. The monthly rate came in line with expectations. Broad-ranging personal services climbed 0.5 percent, while broad ranging business services showed nil growth in July. On a yearly basis, the growth in tertiary activity stabilized at 1 percent in July.
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