Industry News

GM, CMU partner to create driverless ‘vehicle of future’
By the year 2020, chauffeurs might no longer be exclusive to the affluent.

At least that’s the implication of the research currently taking place at Carnegie Mellon University as part of a joint five-year, $5 million partnership with General Motors.

Egypt named top emerging overseas market
Companies looking to invest in emerging overseas markets would do well to look beyond Brazil, Russia, India and China, according to research carried out by Pricewaterhouse Coopers.

The accounting firm’s inaugural report, The EM20 Index Balancing Risk & Reward, ranked 20 key emerging markets and found that for manufacturers looking to invest overseas, Egypt is the most attractive destination, while for services businesses, Poland comes out top.

Briefly
In motion
Acme Manufacturing Co., Auburn Hills, MI, has opened an office in Bangalore, India. Acme designs and integrates deburring and grinding systems … Ford Motor Co. will expand its Cuautitian, Mexico, operation in order to build the new Fiesta subcompact, and its Chihuahua engine plant, which builds I-4 engines. A transmission plant in Guanajuato will be established in a joint venture with Gertag.