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Ex-CEO Ghosn Indicted for 4th Time

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Prosecutors in Japan have indicted former Nissan/Renault CEO Carlos Ghosn for a fourth time, accusing the former executive of misappropriating another $5 million in funds. According to the reports, the latest accusations involve the former CEO of funneling $5 million through a third-party company for personal use. He is currently awaiting trial in Japan on […]

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Uber’s Autonomous Vehicle Unit Could See Large Investment

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A group of investors are preparing to sink a $1 Billion into ride sharing giant Uber’s autonomous vehicles unit. According to reports, potential investors include international conglomerate SoftBank, automaker Toyota and auto parts supplier Denso. The investment accounts for a sizeable portion of the division’s $7.25 billion valuation. The report comes as Uber prepares for […]

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ASTM International Proposes new Aerospace Industry Standards

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ASTM International has proposed new standards aimed at parts manufacturers in the aerospace industry. Reports indicate that ASTM, which sets international standards across a variety of industries, wants to further establish quality and safety requirements for the growing industry. The proposed standards relate to additive manufacturing within the industry and would cover feedstock materials (WK6745), […]

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San Francisco the Most Expensive Place to Build According to International Construction Market Survey

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San Francisco is now the world’s most expensive spot for construction, according to the recently released 2019 International Construction Market Survey. According to the latest survey, the average cost of construction per square foot in San Francisco rose to $416 per square foot, an increase of 5 percent from the previous year. That average cost […]

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Controlling Fleet Costs Starts with Minimizing Repairs

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Controlling fleet costs can be difficult for owners, as keeping so many vehicles in top shape can get very expensive, very quickly. Whether you manage a fleet of passenger vehicles or commercial trucks, breakdowns are inevitable. While it is difficult to plan for worst case scenario situations and once in a lifetime events, preparing for more […]

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USMTO Report Shows Decline in Machine Tool Orders

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Machine Tool orders dropped significantly in February according to the latest U.S. Manufacturing Technology Orders (USMTO) Report. Orders totaled just over $337 million in February, a 15% decline from the previous month and a 7% decline year over year. According to the report, the decrease was driven largely by a substantial decrease in orders from […]

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Top Automakers Team Up on Self-Driving Safety Standard

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A group of top automakers are teaming up to create safety standards and regulations for self-driving vehicles. Ford, Toyota and General Motors released a joint statement announcing their partnership in drawing up standards for autonomous vehicle rules and regulations. According to reports, the trio of automakers will also partner with SAE international. The group will […]

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IGU Reports Trade Increase for Fifth Consecutive Year

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Global trade of liquified natural gas continues to boom, as the International Gas Union (IGU) reported increased volume for the fifth consecutive year. According to the IGUs 2019 World LNG Report, trade volume reached 316.6 million tons in 2018. That marks 28 million ton, or 9.8%, increase from 2017 levels. It’s the third larges annual […]

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Study Shows Substantial Number of Bridges in Need of Major Repair

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A new study of federal data shows as many as 38% of all bridges in the United States are in need of major repair or replacement. According to a new report by the American Road & Transport Builders Association (ARTBA), as many as 235,000 bridges need to be fixed our outright replaced. Rhode Island leads […]

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Jaguar Wins Case Against Chinese Automaker

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British automaker Jaguar won its case against a Chinese company it claimed had copied one of its popular models. According to reports, a Chinese court ruled against Jiangling Motor Corporation, ruling that the company’s Landwind X7 copied several features directly from the Land Rover Evoque, which is created by Jaguar. The case had been ongoing […]

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