There have been some changes in the rankings of the world’s longtime auto leaders and you won’t believe the revenue per second.
By Dan Carney – Business data aggregation and analysis site VisualCapitalist.com sifted through the annual results of the world’s car companies and ranked them by total revenues. For novelty, they’ve also included the total revenue per second of each company, with some eye-opening numbers at the top of the list. Even small-fry Tesla brings in $780 every second of the day! This list is based on last year’s sales numbers and represents the carmakers’ corporate entities as they existed last year. Since then, Fiat-Chrysler Automobiles has merged with Peugeot to form the head-scratchingly named Stellantis. So next year we should see some shuffling of the rankings.
BMW and PSA Peugeot Citroen have entered into a 50:50 venture to produce components for hybrids and electric vehicles, says a story in the Financial Times.
The two companies, which will launch the new operation in the second quarter of this year, will team up on the development of battery packs, electric motors, power electronics, generators, chargers and software to run the new breed of vehicles.
The German and French carmakers said that the components would be used in their own vehicles, and will also be sold to other automakers. The joint operation will begin equipping vehicles in 2014, the newspaper said. more>
Posted in Business, Economic development, Economy, Education, History, How to, Product, Regulations, Science, Technology, Transportation
Tagged Auto industry, Business improvement, Industrial economy, Jobs, Manufacturing, Super regions, Technology
Why Restarting the Global Economy Won’t be Easy
By Jerry Grillo – As the world contemplates ending a massive lockdown implemented in response to COVID-19, Vinod Singhal is considering what will happen when we hit the play button and the engines that drive industry and trade squeal back to life again.
Singhal, who studies operations strategy and supply chain management at the Georgia Institute of Technology, has a few ideas on how to ease the transition to the new reality. But this pandemic makes it hard to predict what that reality will be.
“There is really nothing to compare this pandemic to,” he said. “And predicting or estimating stock prices is simply impossible, unlike supply chain disruptions caused by a company’s own fault, or a natural disaster, like the earthquake in Japan.”
But COVID-19 represents a new kind of mystery when it comes to something as complex and critical to the world’s economy as the global supply chain, for a number of reasons that Singhal highlighted:
- The global spread of the virus and duration of the pandemic. “We have no idea when it will be under control and whether it will resurface,” Singhal said. “With a natural disaster you can kind of predict that if we put in some effort, within a few months we can get back to normal. But here there is a lot of uncertainty.”
- Both the demand and supply side of the global supply chain are disrupted. “We’re not only seeing a lot of factories shutting down, which affects the supply side, but there are restrictions on demand, too, because you can’t just go out and shop like you used to, at least for the time being,” he said. “And all this is taking place in an environment where supply chains are fairly complex – intricate, interconnected, interdependent, and global.”
- Longer lead times. “We get close to a trillion dollars of products annually from Asian countries, about $500 billion from China,” Singhal said. “Most are shipped by sea which requires a four-to-six-week lead time. The fact that logistics and distribution has been disrupted and needs to ramp up again will increase lead time. So, it will take time to fill up the pipeline, and that is going to be an issue.”
- Supply chains have little slack, and little spare inventory. While manufacturing giants such as Apple, Boeing, and General Motors have more financial slack to carry them through a massive economic belt tightening, their suppliers, spread out across the globe, come in different sizes, different tiers, “and these smaller companies don’t have much financial slack,” said Singhal, pointing to a report of small and medium sized companies in China, “which have less than three months of cash. They’ve already been shut down for two months, and cash tends to go away quickly.
“Many of these companies may go bankrupt,” he added. “So we need to figure out how to reduce the number of bankruptcies. Government is going to play an important role in this, and the stimulus package the U.S. has approved will be helpful.” more>
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- Emory and Georgia Tech Create Barrier Protection Devices for Use During COVID-19, Joshua Brown
- Planetary Exploration Rover Avoids Sand Traps with “Rear Rotator Pedaling,” John Toon
- Georgia Tech Professor Leads Multi-Institution Team in Combatting Hospital Acquired Infections, Kristen Perez
- Emory, Georgia Tech Participating in Six-Year Exercise Research Study, Jerry Grillo
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Posted in Business, Economic development, Economy, Education, Healthcare, History, How to, Nature, Product, Science, Technology, Transportation
Tagged Business improvement, Georgia Tech, Health, Industrial economy, Skills, Technology
Why noise is one of the biggest problems with electric cars
By Steven Dom – Imagine your company is engineering the next line of electric vehicles. You create technical specifications that reduce range anxiety, you’ve perfected the colors that pop and entice customers to buy and with battery technology advancement, you’ve priced it right.
But there are problems with electric cars.
Because the electric vehicle engine emits no noise, pedestrians are more likely to be struck by an electric vehicle. A study by the National Highway Traffic Safety Administration indicated that hybrid and electric vehicles are 57 percent more likely to cause accidents with cyclists, and 37 percent more likely to cause an accident with pedestrians, than a standard internal combustion engine vehicle.
Countries are requiring the quietest cars emit a sound to warn those around the vehicle of its presence.
Now, imagine after creating the ideal electric vehicle, the customers reject it based on the noise it emits. What if your vehicle’s noise is too strange or annoying?
This is just one of the many perils facing the quiet electric vehicle.
The goal of successfully getting an electric vehicle to market, one that a consumer would be interested in and enjoying, was about improving range. In a world lacking in electric vehicle infrastructure, solving range anxiety would allow customers to feel more comfortable driving the electric vehicles to-and-from work and longer trips beyond.
Engineers focused on vehicle architecture including the number of motors driving the wheels, managing the HVAC system’s energy consumption and finding ways to reduce weight, such as using thinner panels and less sound deadening components to provide better mileage. Without the roar of a combustion engine, there was no need to reduce noise. more>
Posted in Business, Economic development, Economy, Education, Science, Technology, Transportation
Tagged Business improvement, Electric vehicles, Industrial economy, Noise, PLM, Product lifecycle management, Siemens
Being Numerous: Essays on Non-Fascist Life, Author: Natasha Lennard.
By Bradley Babendir – This idea runs through Being Numerous, a collection of essays that seek to demonstrate and enact a means of non-fascist thinking. Lennard approaches a range of subjects as part of this project, from the controversy over someone punching Richard Spencer, to representations of dead bodies in media, to suicide. Each essay is rooted in Lennard’s foundational argument that “liberal, capitalist ideology … fails to address its own potential accidents and limitations.”
The first essay, “We, Anti-Fascists,” is a forceful piece in favor of anti-fascist organizing and thinking. Lennard opens the essay with an endorsement of the on-the-ground counter-violence of Antifa, and makes a convincing case for the necessity of such violence when traditional institutions cannot be trusted to protect counter-protesters. She also argues against the overreaction to Antifa by mainstream American media after the Unite the Right rally in Charlottesville, Virginia, in 2017, after which, Lennard says, newspapers spent more page-space condemning anti-fascists than they did the white nationalists who had murdered the civil-rights activist Heather Heyer.
This defense of Antifa is perhaps the part of the essay that will grab most readers’ attention, but Lennard’s subsequent exploration of what she calls “fascistic habit” is its liveliest and most engaging section. more>
Posted in Book review, Business, Economic development, Economy, Education, History, How to, Leadership, Media, Net, Technology
Tagged Business improvement, Capital, fascism, Future, Industrial economy, Internet, Rights