Most electric vehicles have motors that use permanent magnets made with rare earth elements. These magnets make EV motors quieter and more efficient and are what give the vehicles their instant ...

Sumitomo Mitsui Financial Group Inc. is shoring its buffers to prepare for Donald Trump’s trade war, even as it forecast another year of record profit. Japan’s second-largest lender expects ...

AKRON — Goodyear has completed its sale of the North American and European rights to the Dunlop brand to Sumitomo Rubber Industries Ltd. (SRI), Sumitomo paid Goodyear $735 million in the deal, ...

I love my induction cooktop but there's one major problem compared to gas grills: it can't do justice to traditional wok cooking. It didn't really ever occur to me that my wok would be an issue ...

The rail connection that will take customer-ready vehicles from the Scout Motors factory to drivers across the U.S. is also nearing its finish. Completion of the factory complex is scheduled for ...

Sumitomo's Presidio venture arm, along with Builders Vision, Yamaha Motor, and venture capital funds Envisioning Partners, MPower and Escape Velocity, joined a $33 million tranche for Phoenix's ...

Scout Motors expects to make a decision about the investment this summer, according to documents reviewed by The Post and Courier. They show that the company has pitched an "opportunity to do more ...

International Motors does not expect any job cuts at its U.S. manufacturing facilities in the coming months despite a slump in demand in the first quarter of 2025, CEO Mathias Carlbaum said April 29.

Sumitomo and SBI Holdings will each acquire a 20% stake in a unit of Vietnam’s software and telecommunications conglomerate FPT to foster artificial intelligence adoption in Japan, according to ...

Sumitomo Rubber Industries has agreed to repay more than $500,000 in tax breaks it received over the last two years for projects in the Town of Tonawanda. The Erie County Industrial Development ...

(Aerojet Rocketdyne) As part of that quest, Aerojet broke ground earlier this year to build four new solid rocket motor production facilities at its campus in Camden, Arkansas. Defense News sat ...