Harbour: Tooling demand for automotive to be highest ever
Grand Rapids, Mich. — The automotive sector will spend $11 billion on tooling in North America this year, as automakers plan lots of vehicle launches over the next few years, consultant Laurie Harbour told the American Mold Builders Association.
Push for Electric Vehicles Means Plastics May Take Charge
Detroit — It should not be a shock to automotive suppliers that the plastics industry has an electric future.
By 2025, electric and hybrid electric vehicles could account for 33 percent of total vehicle production worldwide, according to data from IHS Markit Ltd., and suppliers are being tapped by OEMs to put different composites and materials into real-world vehicle applications.