Part 8/10:
ABB to Spin Off Robotics Division
In a notable strategic decision, Swiss corporation ABB has announced plans to spin off its robotics division, perceived as its least profitable unit. The division has about 7,000 employees and generates $2.3 billion in revenue, indicating an area of the company that has not met profitability expectations.
Advances in Bonding Technology
The automotive industry is also witnessing technological breakthroughs, such as the innovative bonding process developed by German company Nasit. This process allows for the successful pairing of disparate materials, creating vehicles that are lighter, stronger, and more cost-effective.