Latest news with #qualitycontrol
Yahoo
10 hours ago
- Automotive
- Yahoo
Why Ford (F) Stock Is Trading Lower Today
What Happened? Shares of automotive manufacturer Ford (NYSE:F) fell 3.2% in the afternoon session after the company disclosed a costly vehicle recall. The company announced it is recalling nearly 700,000 of its Bronco Sport, Escape, and Kuga SUVs due to faulty fuel injectors that could crack and leak fuel, creating a potential fire risk. Ford estimates the cost of this "field service action" will be approximately $570 million, a charge that will be reflected in its upcoming second-quarter results. This action expands on previous recalls for the same issue after fires were reported in vehicles that had already received an earlier software-based fix. The news adds to growing concerns over the company's quality control, as Ford has issued significantly more recalls than any other U.S. automaker in the first half of 2025. These repeated safety issues and their associated costs are weighing on investor sentiment, raising questions about the impact on future profitability and brand reputation. The shares closed the day at $11.24, down 2.9% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Ford? Access our full analysis report here, it's free. What Is The Market Telling Us Ford's shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 12 months ago when the stock dropped 17.2% on the news that the company reported weak second-quarter earnings. Its operating income and EPS missed by a large magnitude due to warranty issues and inflationary pressure on repair costs. Adding to the pricing pressure, the Ford Model E business recorded a $1.1 billion loss due to industry pricing pressures and wholesale declines. Profitability outlook wasn't encouraging as its full year operating income guidance missed. On the other hand, Ford blew past analysts' revenue expectations. Still, this was a bad quarter for Ford. Ford is up 16.3% since the beginning of the year, but at $11.22 per share, it is still trading 22.9% below its 52-week high of $14.55 from July 2024. Investors who bought $1,000 worth of Ford's shares 5 years ago would now be looking at an investment worth $1,636. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
17 hours ago
- Business
- Associated Press
2025 Assembly Show Announces Education Program Covering Manufacturing Trends & Technologies
Full Day Program Scheduled for Tuesday, October 21 in Rosemont, IL ROSEMONT, IL / ACCESS Newswire / July 16, 2025 / The ASSEMBLY Show, the premier trade event for assembly technology, announces the pre-conference agenda for the 2025 event taking place on Tuesday, October 21st at the Donald E. Stephens Convention Center in Rosemont, IL. The program is designed to equip industry professionals with timely insights and practical solutions through seven focused tracks, including the Focus on Quality sessions as part of the QUALITY Deck presented by Quality magazine. It also includes dedicated networking and lunch, all scheduled before the exhibit hall officially opens. The pre-conference program complements the dynamic show floor featuring 200+ exhibitors, forward-thinking sessions, and access to leading experts and technologies. 'With seven targeted education tracks covering everything from smart manufacturing and machine vision to robotic assembly and quality control, this year's conference delivers unparalleled depth and variety,' said John Sprovieri, Editor in Chief of ASSEMBLY Magazine. 'Attendees can expect a robust mix of technical sessions, forward-looking insights, and practical solutions from top-tier industry leaders-all designed to help them stay ahead in a rapidly evolving manufacturing landscape.' Below is a breakdown of the agenda by track. For additional information, click here. AI on the Assembly Line Robots on the Assembly Line Smart Manufacturing Automated Assembly Fastening Assembly on the Cutting Edge Focus on Quality Deck For the 13th year, The ASSEMBLY Show will feature an expansive show floor with Gold Sponsor Promess; Silver Sponsor Ujigami and; Bronze Sponsors TorqTec, Weiss and IPS. Located on the show floor, the Learning Theater will offer a full schedule of free, 30-minute presentations from leading exhibitors including Komax, NoMuda, Kistler, Rhino Tool House, Ujigami, Epson and others. For information on exhibiting, visit Manufacturing executives and buyers can register before September 13, 2025 for a $100 savings on the pre-conference education program and a free exhibit hall-only pass to see the newest equipment, technology, and solutions. In honor of Breast Cancer Awareness month, Thursday, October 23 is The ASSEMBLY Show's official 'Pink Out Day' to support cancer fighters, admire survivors, honor those lost, and never give up hope to find a cure. To register for the event and make a donation, click here. The ASSEMBLY Show is sponsored by ASSEMBLY ( ), the leading brand covering the processes, technologies, and strategies for assembling discrete parts into finished products. ASSEMBLY offers an integrated portfolio of products including the industry's leading trade show. The trade show and conference are produced by BNP Media, one of the country's leading business-to-business media companies serving industry professionals across 60+ industries through magazines, custom media, e-newsletters, webinars, events, and market research. For more information, visit # # # For more information, contact: Amy Riemer Media Relations 978-502-4895 (cell) [email protected] SOURCE: The ASSEMBLY Show press release
Globe and Mail
19 hours ago
- Automotive
- Globe and Mail
NEO Battery Appoints Battery Gigafactory Production Veteran, Seok Joung Youn, as Head of Manufacturing & Facility Operations
Appointed Mr. Seok Joung Youn as Head of Manufacturing & Facility Operations 40 Years of Lithium-Ion Battery Manufacturing & Quality Control Experience from Samsung SDI and Global Battery Startups Launched World's First Wide Electrode Production Line for Samsung EV Batteries Will Direct Production of High-Quality Electrodes and Large-Format Battery Cells for Robust Testing & Validation for Global Battery Partners TORONTO, July 16, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (T S X V: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Mr. Seok Joung Youn as Head of Manufacturing and Facility Operations. Mr. Youn brings 40 years of lithium-ion battery and facility operations experience and leadership from Samsung SDI, the world's 7 th -largest battery cell manufacturer, and global battery startups. With a technical background spanning process engineering and quality control, Mr. Youn acted in key roles in developing and realizing production efficiencies in high-volume manufacturing for both small-format and automotive batteries. During his tenure at Samsung, Mr. Youn successfully launched the battery industry's first 1,200mm-wide electrode production line for electric vehicles. Along with stabilizing product yield and establishing operator protocols, Mr. Youn enhanced Samsung's global battery deployment capacity and reduced costs from lowered defects. He subsequently held senior roles at global battery startups, including EoCell, where he led pilot production lines for a European gigafactory's commercial-level qualification and start-of-production (SOP). Along with Dr. J.S. Jeoung, SVP of Commercialization & Cell Development, Mr. Youn will lead manufacturing operations to ensure NEO's quality adheres to standards required by its global battery partners. He will also direct the production of high-quality electrodes and large-format cells, which are integral to testing and validating NEO's silicon battery materials at near-commercial scale. As the Company moves toward expanding silicon battery capacity, Mr. Youn's expertise and leadership are expected to facilitate the transition from material innovation to real-world application. Mr. Spencer Huh, President & CEO of NEO, stated, ' We are honoured to welcome Mr. Youn to NEO Battery Materials, and we are excited to build a well-rounded team that covers the full spectrum of battery manufacturing and technology. Mr. Youn retains deep operational experience and a proven ability to lead high-precision, large-scale battery manufacturing, having worked at Samsung and other global companies. His know-how and leadership will further strengthen our execution capabilities as we proceed to the next phase of commercial readiness. ' About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of Directors Spencer Huh Director, President, and CEO For Investor Relations, PR & More Information: info@ T: +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a pilot or commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Reuters
3 days ago
- Business
- Reuters
India's new copper cathode rule risks supply shortages, trade body says
NEW DELHI/TOKYO, July 14 (Reuters) - India's quality control order on copper cathodes is likely to reduce domestic availability due to "costly and unnecessary compliance burdens" on foreign suppliers, the Bombay Metal Exchange said. India, the world's second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring all suppliers, foreign and domestic, to ensure there were checks on substandard products in the country. The quality control curbs have led to a decline in imports, the Bombay Metal Exchange (BME) said - a claim rejected by the government. "With domestic licensees unable or unwilling to supply the market and unreliable foreign alternatives, the downstream sector faces real and immediate shortages," the BME said. India's federal Ministry of Mines did not immediately respond to an email seeking comment. To meet the quality control rules, suppliers have to get a licence from the Bureau of Indian Standards, which oversees quality control in India. The quality controls have faced a legal challenge from trade bodies in India, including the BME and the Bombay Non-Ferrous Metals Association. The government has defended the quality control order in court against claims that it would lead to supply shortages and create a supply monopoly. The BME said all five domestic licensees use copper cathodes entirely for their own consumption. "As for foreign ... licensees, four of the 10 do not supply copper cathodes at all, offering only ingots or semi-finished forms," the BME said in a statement to Reuters. Among the 10 foreign suppliers who have secured certification under the new rules, seven are from Japan, two from Malaysia, and one from Austria, the Indian government said last month. Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique. The BME said there are growing indications the Japanese licensees will withdraw from the Indian market due to costly and unnecessary compliance burdens. Japanese trading house Marubeni, which was involved in the licensing process for six Japanese smelters, said: "No particular issues have arisen concerning supply to India." Copper is one of 30 minerals identified as critical by India in 2023, with domestic demand expected to double by 2030. Major domestic suppliers include Hindalco Industries ( opens new tab and state-owned Hindustan Copper ( opens new tab.
Auto Blog
06-07-2025
- Automotive
- Auto Blog
Bugatti Will Tear Apart Handcrafted W16 Mistral If It's Not Perfect
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Bugatti's quality testing is on another level Quality control is an important part of the car production process, ensuring that new vehicles arrive in the possession of customers with as close to zero defects as possible. Despite this, many drivers still struggle with quality issues in the first few months of vehicle ownership. While mass-market brands can get by with a few issues – or more than a few, if you're Ford – the standards are much higher for exotic brands like Bugatti. To underline that point, the French automaker has shared the meticulous quality control measures put into place for its exclusive W16 Mistral. Previous Pause Next Unmute 0:00 / 0:10 Full screen 2024 Land Rover Defender V8 review: Still wild at heart Watch More $5-Million Drop-Top Undergoes Exhaustive Pre-Delivery Testing Only 99 examples of the W16 Mistral will be produced, and with each owner expected to pay in the region of $5 million for this beauty, it goes without saying that they expect perfection. This car is also a tribute to the iconic W16 engine, and Bugatti developed it with the intention of it becoming the fastest roadster on the planet – which it has achieved. Those are high stakes, so quality has to be impeccable, too. 'The W16 Mistral represents the pinnacle of our roadster heritage and the final expression of our legendary W16 engine. Such significance demands nothing less than a constant pursuit of perfection in every detail, throughout the car,' said Christophe Piochon, President of Bugatti Automobiles. Before delivery to each owner, the car is put through a painstaking evaluation across a distance of at least 400 km (249 miles). This intense assessment of vehicle quality began with the Veyron, which was put through a similar 217-mile test that Piochon himself helped to design. Alsace Landscape Provides Ideal Testing Environment A region in northeastern France, Bugatti chose Alsace as the location for each handcrafted Mistral's final test. But the company didn't select this picturesque location for its pretty views alone. This route allows the car to traverse winding roads, long stretches of highway, and mountain passes, amid changing elevations. Each stage challenges the car in a unique way. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. On the route, testers and technicians evaluate the following elements: Noise testing with the roof opened and closed Gear changes during acceleration and deceleration Potential chassis irregularities Analysis of the exhaust note Emergency braking, ABS, and ESP systems Fit, feel, and functionality of cabin features Steering feel and responses Remarkably, Bugatti says it will partially or even completely disassemble the W16 Mistral, should any irregularity be serious enough to justify it. Considering this is a handcrafted exotic – the engine alone takes six days and two experts to manually assemble, and we know past Chirons could take two months to build in their entirety – we can't imagine the pain of seeing your work of art taken apart because of some flaw, no matter how minuscule. Only Three People Are Qualified Enough To Conduct Quality Checks Source: Bugatti Without naming them, Bugatti states that only three experts have the necessary skillset, experience, and dedication to complete the W16 Mistral's quality appraisal. Referred to as 'automotive virtuosos' by Bugatti, the individuals can pick up the slightest irregular sounds or vibrations that wouldn't be perceptible to the average driver. As much as 90% of quality validation for the W16 Mistral is completed by a human, while the remaining 10% relies on electronic diagnostics to pick up any issues. Source: Bugatti The testing procedure includes high-speed track driving at the Colmar airfield. Here, the car is evaluated at speeds of up to 300 km/h (186 mph). Higher speeds also demand a strenuous assessment of the car's roof, from its removal process to its resistance at the high speeds the car is capable of. If any imperfections are identified, they're corrected. This is followed by a secondary verification test of around 30 miles or so, and this cycle is repeated until all flaws are entirely eliminated. 'Bugatti stands as one of the few manufacturers conducting 100% comprehensive appraisal of every vehicle. Our dedication to this process establishes a true benchmark in the industry,' said Philippe Grand, Director of Quality at Bugatti. 'In every aspect of engineering, design, craftsmanship and performance a Bugatti must be incomparable, so it was crucial for us to also develop a testing process so comprehensive that it would be without compromise.' W16 Mistral Is A True Work Of Art The 8.0-liter quad-turbo W16 engine in the Mistral produces 1,578 horsepower. Power goes to all four corners via a seven-speed dual-clutch automatic transmission, and, at full bore, 70,000 liters of air is fed through the W16 via air intakes positioned behind the headrests. Although based on the successful Chiron, the W16 Mistral looks like a completely new car. Its striking design is inspired by past Bugattis like the 1934 Type 57 Roadster Grand Raid and even the modern Divo. Rare and with a price reserved only for the ultra-rich, the testing program for the W16 Mistral is one of the most comprehensive in the industry, and is befitting for a car of this stature. About the Author Karl Furlong View Profile
