Global Fastener News

Tag "automotive"

Bulten Opens New Facility In China

December 10
03:45 2019

The Swedish fastener manufacturer said the move provides it a “modern and fully integrated plant with cold forming, heat treatment and surface treatment,” making Bulten one of the few fastener suppliers in China that controls all steps in the manufacturing process in-house.

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Chicago Rivet Fastener Sales Slump

August 08
16:01 2019

Ongoing trade disputes and higher steel prices from tariffs cause double-digit declines in sales and profit.

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Fastener Sales Decline at Chicago Rivet

May 09
11:57 2019

“We have experienced increases in steel prices and other materials over the past year that have negatively impacted our gross margins and remain a concern as further increases are expected.”

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Chicago Rivet Sees Rising Fastener Sales

March 21
12:56 2019
    Chicago Rivet Sees Rising Fastener Sales

The company said fastener segment sales reflected growth in each quarter, with much of that growth coming from non-automotive customers.

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Steel Hikes Cut Profit at Chicago Rivet

November 07
13:57 2018
    Steel Hikes Cut Profit at Chicago Rivet

“In addition to higher raw material prices, we have also incurred higher than expected wages in the current year due to the tight labor market.”

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Chicago Rivet Fastener Sales Grow

May 06
15:28 2018
    Chicago Rivet Fastener Sales Grow

“Improvement in automotive sales and the addition of a number of non-automotive customers in the second half of 2017 contributed to the revenue increase in the first quarter.”

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‘Loose Steering Wheel Bolt’ Forces Ford To Recall 1.38 Million Vehicles

March 20
04:13 2018
    ‘Loose Steering Wheel Bolt’ Forces Ford To Recall 1.38 Million Vehicles

Select 2014-18 Ford Fusion and Lincoln MKZ vehicles recalled "for loose steering wheel bolts that could lead to a steering wheel detaching from steering column."

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Next Generation Welding?

January 04
10:48 2018
    Next Generation Welding?

New welding method could make next generation metals more viable for the aerospace and automotive industry, MnetNews reports.

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Autocraft USA Names Anderson President

November 28
15:44 2017
    Autocraft USA Names Anderson President

Prior to joining Autocraft in 2012, the fastener industry veteran held executive roles at Heads & Threads International, Brighton Best International, and Brighton Best Socket Screw Mfg.

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Ford Testing Exoskeleton To Reduce Worker Injury

November 27
05:02 2017
    Ford Testing Exoskeleton To Reduce Worker Injury

The EksoVest is commonly used by workers using drill and impact drivers, torque wrenches, and paint sprayers, according to Ekso Bionics.

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ARaymond Unveils Mexico Facility

November 16
12:21 2017
    ARaymond Unveils Mexico Facility

The San Luis Potosi plant enables the company to expand its business in Central America by producing and shipping locally.

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Chicago Rivet Fastener Sales Continue Declining

August 09
12:12 2017
    Chicago Rivet Fastener Sales Continue Declining

"Based on the current economic environment, we don’t believe overall business conditions during the second half of the year will be markedly different from those of the first half."

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Bulten Signs “Breakthrough” U.S. Automotive Contract

August 03
11:42 2017
    Bulten Signs “Breakthrough” U.S. Automotive Contract

“We see good opportunities to continue to grow the business and increase our market share,” stated CEO Tommy Andersson.

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GM Sales Tumble as Cars Stop Fueling US Growth

August 02
11:32 2017
    GM Sales Tumble as Cars Stop Fueling US Growth

The 15% drop last month for GM was its steepest since May 2016, and neither Ford nor Fiat Chrysler fared much better. As one analyst told Industry Week, “You can’t jawbone the economy.”

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Auto Manufacturing and Automation Are Booming in Mexico

July 12
13:07 2017
    Auto Manufacturing and Automation Are Booming in Mexico

A visit to the country’s Bajío region finds a thriving car ecosystem, according to a report published by the MIT Technology Review.

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After Years of Growth, Automakers Cutting U.S. Jobs

July 05
12:25 2017
    After Years of Growth, Automakers Cutting U.S. Jobs

After a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, the New York Times reports.

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Bossard Opens Silicon Valley Design Center

May 22
21:57 2017
    Bossard Opens Silicon Valley Design Center

The Bossard Design Center (BDC) is a 10,000 sq ft fastener design and testing facility located 20 miles east of the largest U.S. electric vehicle manufacturer, Tesla.

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‘Enabling’ Tech Drives Automotive Fastener Innovations

February 17
00:01 2017
    ‘Enabling’ Tech Drives Automotive Fastener Innovations

Automakers are reducing weight and improving fuel efficiency by pushing the limits of high strength steels, according to Salim Brahimi, Director of Engineering Technology at the Industrial Fasteners Institute.

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GM inventory at 8-year high; will reduce car production

December 19
12:52 2016
    GM inventory at 8-year high; will reduce car production

GM says it had more than 874,000 cars, trucks and crossovers in its inventory at the end of November — the most it has had in its U.S. stock in eight years, when vehicles went unsold during the Great Recession, the Detroit News reports.

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Trifast Eyes Electric Car Market

July 13
23:36 2016
    Trifast Eyes Electric Car Market

“Automotive is the fastest-growing sector and the most demanding,” stated executive chairman Malcolm Diamond. “Model changes and electric vehicles and the new battery factories to support these are all fastener rich opportunities.”

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