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Search Results for: cars

10 results out of 1201 results found for 'cars'.

KEY BENEFITS OF AUTOMATION AND ROBOTICS FOR TEXTILES AND CLOTHING



 

A key question in any industry is to what extent robotics will be able to replace the human hand. This issue is especially pertinent for textiles and clothing – where sensor-based automation increasingly carries out human tasks such as assessing the feel of textiles and quality control.…

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INFLATION AND RECESSION WORSENS ML



 

While forecasts of a global recession are far from conclusive, the World Bank has in its latest international economy assessment released in September (2022) warned that such a downturn is a real possibility for 2023. (1) The reason is potential government spending tightening to deal with inflation rates not witnessed since the 1990s or earlier: “To stem risks from persistently high inflation, and in a context of limited fiscal space, many countries are withdrawing monetary and fiscal support,” noted the bank.…

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CANADA AUTOMAKERS CALL FOR LESS REGULATORY COMPEXITY OVER ZEVs



The Canadian auto industry has warned the country’s provincial governments against pushing regulatory complexity over electric vehicle (EV) sales by retaining ambitious local sales mandates when the federal government is rolling out its own requirements for manufacturers. Canada’s Liberal federal government is developing detailed legislation that would implement a political commitment made earlier this year to insist that by 2035, all new light duty vehicles sales would be zero-emission vehicles (ZEVs) and medium- and heavy-duty vehicles by 2040.…

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US COATINGS MARKET EDGES UP IN SCALE AS IT DEVELOPS MORE ECO-PRODUCTS



Continuing to fight supply-chain snarls, material shortages, inflation woes, and a stubborn pandemic, the US paint and coatings industry produced 1.3 billion American gallons (4.9 billion litres) valued at USD27.2 billion (US dollars) in 2021.

That is according to The ChemQuest Group, a global specialty chemicals and materials consulting service based in Cincinnati, Ohio, USA, which said this production was an increase of just 0.1% in volume and 8.6% in value over the previous year.…

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CANADIAN AUTO SECTOR WELCOMES SCRAPPING OF US-FOCUSED EV TAX CREDIT



The Canadian automotive industry has welcomed the deal within the USA’s Democratic Party to propose a revised tax credit on purchases of electric vehicles (EV) in America which extends the payment to EVs made across north America, including Canada and Mexico.…

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SOUTH AND SOUTHEAST ASIAN IMPORT RESTRICTIONS DAMAGE THE COSMETICS SECTOR



With inflation and hard currency shortages compounding the economic disruption caused by Covid-19, governments in south and south-east Asia have been implementing unorthodox trade controls to wrestle control – unfortunately, the beauty sector has been a victim.

Pakistan is a case in point.…

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SRI LANKA’S APPAREL SECTOR: CONTINUITY AMID CHAOS, BUT LONGER-TERM OUTLOOK THREATENED



The rapid escalation of Sri Lanka’s political and economic crisis, causing its former President Gotabaya Rajapaksa to flee the country and resign, has had far-reaching implications for the country’s clothing and textile manufacturing sector, which plays a crucial role in the nation’s economy.…

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MEXICAN AUTO SECTOR LEADERS OPTIMISTIC FOR FUTURE DESPITE SUPPLY CHAIN CHALLENGES



Mexico’s largest automotive industry association, the AMIA (Asociación Mexicana de la Industria Automotriz) is optimistic about the Mexican sector’s future, despite having to recover from Covid-19 disruption, continued semi-conductor shortages and government support for used car sales.

Speaking to Wards Auto, AMIA president José Zozaya said current production halts because of chip-related parts shortages should end in 2022’s second semester, having already been reduced to hours a week from days in late 2021.…

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EU ROUND UP - EXTENSION OF EUROPOL POWERS APPROVED BY MEPs



The European Parliament has approved giving Europol more powers, backing a European Union (EU) regulation that would authorise the police agency to pursue its own research and innovation projects, process large datasets for intelligence, and help national authorities screen foreign direct investment in security-related cases.…

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TEXTILE SECTOR MULLS IMPACT OF RUSSIAN INVASION OF UKRAINE ON ENERGY PRICES



Russia’s invasion of Ukraine has disrupted energy supplies and raised concerns about the future availability of oil and gas, inflating these commodity prices and hence energy prices, increasing textile and apparel processing costs worldwide. On December 21, as Russia was preparing to send its military into Ukraine-government controlled territory (February 24), Brent crude was selling for USD71.57 a barrel.…

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