UPDATE 2-GKN owner Melrose sees pick-up in some markets after H1 profit slumps 90%

* H1 adj. operating profit down 90%

* Consultation on job cuts at aerospace unit underway

* Sees recovery in automotive markets

* Shares up 10%, some analysts say momentum may be turning (Adds shares, analyst comment, more details on results)

Sept 3 (Reuters) – Engineering business owner Melrose Industries said on Thursday there were signs of a pick-up in some of its markets, excluding aerospace, after the coronavirus crisis slashed its first-half profit by 90% and prompted job cuts.

Shares of the FTSE 100 company gained 10% by 0744 GMT as investors reckoned the worst may be over after the owner of UK-based car and aerospace parts maker GKN said its automotive and key Nortek Air Management businesses were trading at the higher end of expectations over the summer months.

The stock has lost around half of its value this year.

Melrose has had to restructure its pandemic-hit GKN

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Electric-Truck Maker Rivian Hires Ex-Tesla Exec as Top Engineer

Rivian R1S

Electric-truck startup Rivian Automotive Inc. has hired a former Tesla Inc. executive to lead its engineering as the Amazon.com Inc.-backed company’s debut electric vehicles near production, according to a person familiar with the matter.

Nick Kalayjian, who spent more than a decade at Tesla, will join Rivian as executive vice president of engineering and product, said the person, who declined to be named. Most recently he was a senior vice president at San Francisco-based Plenty Inc., according to his Linkedin profile.

Kalayjian replaces Mark Vinnels, who until this week had been Rivian’s executive director of engineering, the person said. Vinnels joined Rivian in late 2017 and was previously an executive at McLaren Automotive Ltd.

A Rivian spokesperson confirmed Vinnels has left the company, but did not specify how recently. Neither Kalayjian nor Vinnels could be reached for comment.

While Kalayjian is not

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GKN owner Melrose sees pick-up in some markets after first-half profit slumps 90%

(Reuters) – Engineering business owner Melrose Industries MRON.L said on Thursday there were signs of a pick-up in some of its markets, excluding aerospace, after the coronavirus crisis slashed its first-half profit by 90% and prompted job cuts.

FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain, March 12, 2018. REUTERS/Hannah McKay

Shares of the FTSE 100 company gained 10% by 0744 GMT as investors reckoned the worst may be over after the owner of UK-based car and aerospace parts maker GKN said its automotive and key Nortek Air Management businesses were trading at the higher end of expectations over the summer months.

The stock has lost around half of its value this year.

Melrose has had to restructure its pandemic-hit GKN aerospace division, which employs 18,550 people globally, and it said a “significant” number of jobs would be cut across the United States, Britain, Europe

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C8 Corvette to Offer Electric All-Wheel-Drive in 2023 or 2024

2020 Corvette

Corvette eAWD system will likely use an electric motor system to drive the front wheels, with a battery pack in the frunk.

There have been rumors that the C8 Chevrolet Corvette would offer a gas-electric hybrid drivetrain since before the new mid-engine machine was introduced. Heck, even the current C8 Owner’s Manual shows a fuse for a Lithium-Ion battery module. Today, the folks at GM-Trucks.com shared information from leaked General Motors documents that the new Corvette will feature an electric all-wheel-drive system called “eAWD”. Based on their information, this option could arrive as early as 2023. When it arrives, the C8 will likely become an even more impressive performance machine.

The Leaked Document

Some of you might be questioning leaked Corvette information from a site that focuses on General Motors trucks. While this information doesn’t fit with most of their coverage, the folks who run GM-Trucks.com are experts on all

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How to tell if computer vision can transform your business

During my career as an automotive engineer at Ford Motor Company in the early 2000s, world-class vision system technology was already routinely being used for various applications on programs and production. However, the automation around the analysis had not yet come full circle. Today, it has. And with the latest iterations of smartphones for facial recognition and other functionality, most anyone with a smartphone already has a device using computer vision. Machine and computer vision are also being used in applications such as satellite geo-analytics, food safety and processing, agriculture operations, augmented reality, human emotion analysis, medical diagnostics, robotic guidance, quality control, transportation coordination, utilities, security surveillance, and more.

As the technology proliferates across new sectors, it will be critical for business leaders to assess how computer vision could impact the trajectory of their organization. So let’s take a deeper look at the real-world use cases emerging today. (For the

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Bespoke Auto Manufacturer Spyker Is Back

Spyker is a brand better known for its troubles than its line of hand-built sports cars with a vintage feel. Namely it’s associated with a short-lived career as a Formula 1 constructor in 2007 and an ill-fated decision to buy Saab from General Motors
GM
in 2010—ambitious money-losing ventures that were instrumental to the company’s bankruptcy in 2011. The bespoke manufacturer announced last week that it has entered into new partnerships that will revive the brand and add a familiar and storied name to the custom car business.

Spyker has partnered with BR Engineering—owned by Russian oligarch Boris Rotenberg—automotive tuning firm R-Company, and custom design manufacturer Milan Moriday, which are both owned by Michail Pessis. Together Rotenberg and Pessis co-own SMP Racing Monaco and are owners of Spyker vehicles.

“The collaboration agreement which we

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The Sardinian engineer and those patents for space travel

Michele Schirru, from Cagliari, 32 years old, after graduating in Mechanical Engineering from the University of his city set off towards new horizons of research. Now he works in Vienna, for a research company in the field of tribology: it is the discipline that studies the contact and friction between surfaces. Yesterday at the Office Park of the airport of the Austrian capital he received a prestigious award, assigned to the best researchers: «This recognition – he says – is awarded by the companies of the State of Lower Austria for technological innovations that favor national development. I have patented a new technology for the installation of miniaturized sensors in automotive components. The new system can help reduce CO2 emissions through intelligent friction control. In addition to the ecological value, there is the economic aspect: the earnings for companies in Austria alone would be around one billion euros per year

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WA Recovery Plan progresses with architect appointed for Northam TAFE upgrade

  • T&Z appointed to design Northam TAFE campus upgrade
  • $2 million trades workshop refurbishment is expected to start in October 2021
  • Upgrade is part of largest TAFE capital works program in WA history, creating an estimated more than 1,000 jobs
  • Campus upgrades will deliver more training opportunities for local secondary students
  • Education and Training Minister Sue Ellery has announced that Western Australian architectural firm T&Z will design a $2 million upgrade to Central Regional TAFE’s Northam campus workshop.

    T&Z is highly experienced in educational architecture having recently co-designed Stage 1 of Bob Hawke College in inner-city Perth and the new social and educational hub at North Metropolitan TAFE’s Perth campus.

    Current facilities at Northam, which include light automotive, metals and construction workshops, will be replaced.

    The new workshop refurbishment will include the installation of cutting-edge technology and equipment to meet the training needs of local industry in the building and construction,

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    Control Engineering | Do cobots replace people in manufacturing?

    By Joseph H. Schwartz

    September 16, 2020

    Articles about automation in manufacturing, particularly robotics and collaborative robots, sometimes called “cobots,” appear frequently in the press. The headline message often is focused on eliminating jobs and replacing workers.

    Every time I hear someone mention that automation is replacing people, I start to fidget as I prepare for a debate. In Minnesota, we sometimes call this the “yeah-buttal.”

    We seem to have long forgotten that computers with spreadsheet, word processing and presentation software have replaced slide-rules, calculators, typewriters, transparency film and so on, as well as stenographers and others who used these low-tech tools. Thankfully. Of course, we use the computers, and we are much more productive. The combination of computer software and hardware might be considered a form of automation (as well as communication, entertainment and a host of other functions), and society has accepted this.

    Manufacturing is different

    The dynamic

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    Williams Advanced Engineering Suing Lotus For Evija Contract Termination



    Lotus Evija factory


    © insideEvs.com Copyright
    Lotus Evija factory

    A possible victory for Williams in 2020?

    The Lotus Evija looks like it might be a genuine contender as one of the most exciting electric hypercars of recent years. Behind the scenes, it might come as a surprise to know that Williams Advanced Engineering (yes, they are associated with the Formula 1 team) has been ousted for its dismal performance. Shhhh, we know there are Formula 1 fans snickering in the background, but what on earth lead to the colossal falling out between the two?

    Williams’ role in the project was providing specific high-voltage and battery development expertise to the project. Unfortunately, Lotus says that it terminated the technical contract due to delivery issues. Regardless of what that exactly means, WAE is taking legal action against the British automaker’s decision, citing its displeasure and outstanding invoices that have gone unpaid since April 2020.

    Founded

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