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Heavy equipment maker Caterpillar Inc. today reported an increased quarterly profit as revenue rose.

LG Energy Solution and Honda Motor Co. announced an agreement to establish a joint venture to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market.

Ford Motor Co. last week reported a large third-quarter loss after writing off its investment in self-driving company Argo AI. The move demonstrated why managing in the auto industry is hard.

Harbour Results Inc. forecast that spending on automotive tooling in North America will reach $8.3 billion in 2025 from an estimated $5.7 billion in 2022.

Success in high-volume engine manufacturing requires the utmost in precision machining, reliability, intelligent engineering, and, above all, automation.

Honda and LG Energy Solution today announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio, about 40 miles southwest of Columbus, where the two companies will commit to investing $3.5 billion and creating 2,200 jobs, pending final government approvals.

Getman Corp. produces explosive chargers and mining support vehicles.

The memo of understanding comes after years of collaboration between the companies.

Eaton today announced its eMobility business has received a contract to supply its battery disconnect unit (BDU) in both 400- and 800-volt configurations to a global vehicle manufacturer for use in electrified passenger vehicles.

Ford Motor Co. on May 2 reported a first-quarter profit and sharply higher revenue.