Automotive Adaptive Front Lighting System Market to grow by USD 2 46 billion during 2021-2025 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
The stock of Lincoln Electric Holdings (NAS:LECO, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.
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The global automotive traction motor market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. Factors such as supporting government policies launch of new EV models, and advanced motor designs will drive the automotive traction motor market.
The electric vehicle industry has rapidly evolved with ongoing developments in design, features, engineering, and electric motor technologies. With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry is focusing on efficiency, emission-free propulsion, and innovative technologies. The high predicted growth of electric vehicles due to government mandates and global presence of major OEMs and Tier I suppliers is expected to drive the market.
Judge issues split decision for Schneider Electric, Aon in ERISA case
Schneider Electric building and offices.
A federal court judge in Boston has issued a divided opinion regarding allegations by participants in a Schneider Electric Holdings Inc. retirement plan that plan fiduciaries and its former investment consultant violated their ERISA obligations.
Schneider and the investment consultant, Aon Hewitt Investment Consulting now known as Aon, filed separate motions to dismiss the lawsuit after the initial complaint was filed in May 2020.
On March 26, U.S. District Judge Nathaniel M. Gorton supported requests by both defendants to dismiss certain complaints, but he rejected their requests to dismiss other allegations of ERISA violations in the case of Turner et al. vs. Schneider Electric Holdings Inc. et al.
/EIN News/ Advances the Automation Growth Strategy in Structural Steel Applications
Headquartered in Vienna, Austria with facilities in Scheifling, Austria, Zeman Bauelemente is a leading designer and manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams. The company’s systems are primarily sold under the Steel Beam Assembler (SBA) name and serve customers in the structural steel and infrastructure sectors globally. The addition of Zeman Bauelemente, increases Lincoln Electric’s annual automation sales by approximately 10% and expands its international automation capabilities as part of its Higher Standard 2025 Strategy.
“We are excited to welcome the Zeman Bauelemente team to Lincoln Electric and integrate their unique offering into our industry-leading automation portfolio,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “The combination of the SBA and our PythonX