Category: News & Analysis

General Motors announced on Monday the opening of a new ground-up facility dedicated to additive manufacturing. That means GM’s engineers will have access to an entire branch whose main purpose is rapid prototyping, which will not only speed up vehicle development but also significantly cut down on the costs required to design a new car.

The BMW Group is taking the next step in the systematic integration of industrial 3D printing processes. The goal is to industrialize additive manufacturing and integrate it into the various divisions of the company in a sustainable manner with economic benefits.

TechSee , which describes itself as an “intelligent visual assistance” company, today closed a $30 million investment round. A spokesperson for the startup says the capital injection will be used to enter new markets and verticals while expanding TechSee’s product offerings and capabilities. The augmented reality market is estimated to grow from $10.7 billion in 2019 to $72.7 billion by 2024, according to a recent Markets and Markets report . At least a portion of that growth has been driven by field service applications.

U.S. buyout group Carlyle Group Inc CG.O is nearing an agreement to acquire Siemens AG’s mechanical drive arm Flender, for about for about 2 billion euros. Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week, the report said.

The global aerospace industry has endured its worst quarter ever with record low orders for new aircraft and 12,000 UK jobs already lost or at risk because of the collapse in travel caused by the coronavirus pandemic

The first 3D printed residential building in Germany , built by PERI GmbH , and designed by...