Worldwide: An automotive alliance comprising Renault, Nissan and Mitsubishi, announced that its member companies sold a combined total of 10,608,366 units in the 12 months to December 31, 2017.
Wolfsburg, Germany: German automaker Volkswagen Group has reported its auto sales reached 10.74 million units last year in 2017, rising 4.3 percent from 10.3 million vehicles sold in 2016 which made it the world’s largest vehicle producer for that year.
Gothenburg, Sweden: Chinese automaker Geely Holding Group is buying an 8.2 percent stake in Swedish heavy truck and construction equipment conglomerate AB Volvo, worth around 27 billion Swedish kronor (US$3.3 billion) at current market prices.
With a product lifecycle management solution, manufacturers can be equipped with visibility into the latest technologies, materials and processes, enabling smarter decisions that result in better products. By Mark Taber, vice president, marketing, PTC
Beijing, China: Auto sales in China increased in October for the fifth consecutive month, indicating continued growth in the world’s largest auto market, according to the China Association of Automobile Manufacturers (CAAM).
Indonesia is the world’s most populous Muslim-majority country, and is also ASEAN’s biggest economy. By Jonathan Chou
Synthetic diamond producer Element Six has introduced the new grade CTB004 to its polycrystalline diamond (PCD) range for the automotive industry. The grade is able to deliver workpiece surface finish in both engine and chassis applications, and is suited for cutting of aluminium alloys where high surface finish is required alongside higher wear resistance.
The grade’s four-micron grain structure delivers a balance between tool performance and resistance to abrasion and chipping. As such, it is suitable for complex and high speed machining.