Aug 242016

Nissan Concept 2020 Vision Gran Turismo

Nissan Motor displays the Nissan Concept 2020 Vision Gran Turismo during the Tokyo Motor Show 2015 in Tokyo on Oct. 28, 2015.

Kazuhiro Nogi/AFP/Getty Images

Mercedes-Benz Vision Tokyo

Mercedes-Benz’s concept car Vision Tokyo is unveiled during the the Tokyo Motor Show in Tokyo Oct. 28, 2015.

Shuji Kajiyama/AP Photo

Nissan Gripz

Nissan Motor displays the Nissan Gripz during the Tokyo Motor Show 2015 in Tokyo on Oct. 28, 2015.

Kazuhiro Nogi/AFP/Getty Images

Daimler Trucks has introduced the Freightliner Inspiration Truck with Highway Pilot system, the world’s first autonomous truck to be granted a license for road use in Nevada, May 5, 2015.

Daimler AG

The Toyota FT-1 concept car is displayed during the second press day of the North American International Auto Show in Detroit, Jan. 13, 2015.

Mark Blinch/Reuters

The Local Motors 3D-printed Strati vehicle sits on display during the 2015 North American International Auto Show (NAIAS) in Detroit, Jan. 13, 2015. NAIAS will reveal approximately 40-50 global and North American vehicles during the Jan. 12-13 press preview for the show.

Andrew Harrer/Bloomberg/Getty Images

The Infiniti Q60 concept car is presented during media previews for the North American International Auto Show in Detroit, Jan. 13, 2015.

Tanya Moutzalias/The Grand Rapids Press/AP Photo

2016 Cadillac CTS-V

The 2016 Cadillac CTS-V debuts at the North American International Auto Show, Jan. 13, 2015, in Detroit. This hot rod “Caddy” can roar down the country club driveway at 201 miles per hour, ABC News’ Andy Fies reports. The roll-out of the Cadillac is on trend with the release of other powerful performance cars. The automakers’ power move is due in part to a “discernible trend in higher sales for cars like Lamborghini, Jaguar and Ferrari,” Bill Visnic, senior editor of says. But he points out that cars like the Ford GT and Shelby are “halo” cars that garner a lot of attention for automakers but have puny sales compared to their mainstream vehicles.

Regina H. Boone/Detroit Free Press/AP Photo

Chevy Corvette Z06

Chevrolet reveals the new Corvette Z06 at the 2015 North American International Auto Show at Cobo Center, Jan. 12, 2015 in Detroit. Overall, car brands’ emphasis on car performance reflects “advances in engine and transmission technology which makes performance far more accessible price-wise,” senior editor of Bill Visnic says, and allows decent fuel economy along with more power. Throw in the psychological factor of a “post-recession willingness to indulge ourselves”, says Visnic, and you have the recipe for what may be a successful power trip by the automakers.

Scott Legato/Getty Images

New Ford GT

Pounding metal music greeted the heavy metal rolled out by Ford Motor Company, Jan. 12, 2015, at the Detroit auto show: a new supercar that looks more like a European exotic than a homegrown original. With its dramatic swoops and scoops, the Ford GT is a two-seat speedster, capable of more than 600 horsepower. The car in fact has a racing heritage: it is a rebirth of the GT line responsible for four consecutive wins at the famous 24 hours of Le Mans race back in the 1960s and last sold in 2006. The GT will go on sale in 2016 for an as yet undisclosed price. But Ford says it will compete with Lamborghini and Ferrari models that sell in the $250,000 range.

Carlos Osorio/AP Photo

2016 Acura NSX ‘Supercar’

The Acura NSX debuts at the North American International Auto Show in Detroit, Jan. 12, 2015. Acura muscled in on the new interest in muscle cars, rolling out its own hot new version of a sports car it last produced 10 years ago. The new NSX boasts 550 horsepower but driven by both electric and internal combustion power. The company boasts this hybrid combination means “zero-delay acceleration.” So owners of this super roadster priced at around $150,000 will get truly INSTANT gratification.

Paul Sancya/AP Photo

Alfa Romeo 4C Spider Droptop

The Alfa Romeo 4C Spider debuts at the North American International Auto Show in Detroit, Jan. 12, 2015.

Paul Sancya/AP Photo

The ‘Affordable’ Chevy Bolt

The Chevrolet Bolt EV electric concept vehicle is driven onto the stage at a presentation during the North American International Auto Show, Jan. 12, 2015, in Detroit. While performance cars headlined the show’s first day, green technology, the star of auto shows in the recent past, did not completely take a back seat. GM made a splash with the debut of an all-electric concept car: the Chevrolet Bolt. With a range of 200 miles on a single charge, industry insiders say the Bolt could go into production in 2017 with a price tag of around $30,000 to $35,000. And Chevy wheeled out a remodeled version of its hybrid Volt that can travel 420 miles on a refill with its combination of battery and gas power — 40 miles more than the current model.

Tony Ding/AP Photo Designs Lexus With 4 Panoramic Camera Lenses

<p> and Lexus unveiled the new Lexus NX F SPORT in Paris, Sept. 24, 2014. The car features four 180-degree,&nbsp;external cameras for panoramic video and photographs of surroundings. The footage can be displayed on a smart phone instantly via Bluetooth, Lexus said. It also has a patented wireless charging tray for smart phones. The modified leather seats have;s #willpower logo embroidered in them.&nbsp;A spokesman for Lexus told ABC News there is no plan to sell the car, which will be used at selected events later in 2014.&nbsp;<o:p></o:p></p>



Lexus NX

Corvettes Get a Valet Nanny Cam


New for 2015, the Chevrolet Corvette &quot;valet mode with performance data recorder&quot; allows drivers to lock interior storage, disable the infotainment system, and now record video, audio and vehicle data. &quot;Think of it as a baby monitor for your car,&quot; Corvette product manager Harlan Charles said in a statement.&quot; Corvette &quot;valet mode&quot; was introduced in 2014 but GM car brand Chevrolet announced on August 18, 2014 that for 2015 models, drivers can also record HD video, in-car audio and speed, engine RPM, gear position and g-force.</p>

General Motors

A 1962 Ferrari 250 GTO is for sale for 47.6 million euros.

Elvis Presley’s 1963 Rolls-Royce Phantom V

A 1963 Rolls-Royce Phantom V touring limousine formerly owned by Elvis Presley will be <a href=”” target=”external”>auctioned by Bonhams</a> on August 15, 2014 with an estimated value of $200,000 to $300,000.


Amphibious Camper

The Sealander Amphibious Camper is made by Sealander GmbH in Kiel, Germany. The company touts the trailer as a &quot;swimming caravan&quot; with a &quot;first class interior finish&quot; that includes a table, seating for six people and &quot;a few hand grips all can be transformed into a large bunk (200x156cm).&quot; Storage is available in fitted cupboards below the seats. Add-on features can include a compressor cooler, chemical toilet, or a sound system. The company website states: &quot;<span style=”color: rgb(102, 102, 102); font-family: Helvetica, Helvetica, Arial, sans-serif; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgba(255, 255, 255, 0.901961); display: inline !important; float: none;”>The sunroof can be adjusted infinitely to your personal wishes. Sunbathing during the day, star gazing at night or listening to the birds singing in the morning.&quot; </span>


Steve McQueen’s Ferrari will be featured at RM’s flagship Monterey auction, Aug 15 and 16, 2014 at the Portola Hotel &amp; Spa and Monterey Conference Center.

Courtesy Tim Scott/RM Auctions

Lady Gaga’s Rolls-Royce Corniche III

A Rolls-Royce Corniche III that was owned by Grammy winning artist Lady Gaga and used to travel to the Guggenheim Museum in September 2012 will be auctioned May 17, 2014 in New York by Julien’s Auctions. Its estimated value is $30,000 to $50,000. All the proceeds will go to MusiCares, the charitable arm of the National Academy of Recording Arts & Sciences.

Julien’s Auctions|Getty Images

World’s Most Compact E-Vehicle

The URB-E is the world’s most compact e-vehicle, with the ability to fold so you can take it on a train or bus, according to EgoLogical Mobility Solutions Inc. Models range from $899 to $1,799. They have a 20-mile range on a single charge with a top speed of 15 mph. Grant Delgatty, co-founder and CEO of EgoLogical Mobility Solutions said the company has been contacted by 29 different distributors in 20 different countries. The company’s Indiegogo campaign raised $317,000, more than doubling its goal, when it ended in April 2014.


NASCAR Dogecoin Car Revealed

Rivaling Internet memes like Grumpy Cat, verbally challenged dog, Doge, is so popular that there’s a cryptocurrency called Dogecoin. Fans rallied on Reddit by raising $55,000 to sponsor a Dogecoin race car that will be driven by NASCAR driver Josh Wise. The painted car was revealed when Phil Parsons Racing posted this photo on Twitter with the caption: “Here it is! Thanks to all that made it happen. See you in ‘Dega!” April 27, 2014.


Joe DeMatio, deputy editor of Automobile Magazine, says a car with a “wow factor” at the N.Y. Auto show is the 2015 Kia Sedona, which has second row “First Class” lounge seating that reclines with leg rests. He called the feature “as good as a business class seat on an airliner, in a minivan.” Pricing will be announced closer to the Sedona’s launch date, Kia Motors America said.

Courtesy Kia Motors America

Chevrolet Corvette Z06 convertible

The 2015 Chevrolet Corvette Z06 convertible, the first Z06 convertible to be produced since 1963, is on display at the New York International Auto Show in April 2014 in New York City. The electronic folding top can open or close while the car is in motion at speeds up to 30 mph, or lowered remotely. Joe DeMatio, deputy editor with Automobile Magazine, said, “A 625-horsepower supercharged V-8, a muscular, lightweight body, and a roof that disappears equals a spectacular summer thrill ride.”

Mark Lennihan/AP Photo

Ford Mustang 50th Anniversary Edition

Ford Motor Company Executive Chairman Bill Ford celebrates the 50th Anniversary of the Ford Mustang. The Ford Mustang 50th Anniversary Edition is on display at the top of the Empire State Building on April 16, 2014 in New York City. Only 1,964 cars of the model will be made, commemorating what Joe DeMatio from Automobile Magazine calls “the birth of one of America’s most beloved cars of all time right here in NYC 50 years ago.” <a href=”″target=”external”>In Photos: Mustang Through the Years</a>

Steve Zak Photography/Getty Images

Alfa Romeo 4C

The Alfa Romeo 4C is presented during the 92nd Brussels Motor Show at the Brussels Expo in Brussels, Belgium on Jan. 16, 2014. Joe DeMatio, deputy editor with Automobile Magazine, said it was a standout vehicle at the N.Y. Auto Show, explaining, “This lightweight, carbon-fiber, mid-engine coupe is not just a sexy Italian, it is the first time Alfa Romeo has offered a car in America for two decades.”

Dursun Aydemir/Getty Images

Walmart’s ‘Advanced’ Concept Trucks Streamline Delivery

Walmart is trying to double its fleet efficiency by 2015 compared to 2005 with advanced concept trucks. The new Walmart Advanced Vehicle Experience concept truck “combines aerodynamic, mictroturbine-hybrid powertrain, electrification, and advanced control systems all in one vehicle,” <a href=””>Walmart said</a>. “Like the concept cars you see at auto shows, this prototype will evolve before it’s ready for the road.”

Thomas Judd Photography/Walmart

A Mobile Cottage For Sale

The Escape RV is made of natural materials, like cedar siding, and starts at $86,400 including delivery to most area in the lower 48 states. The “classic version” is $104,990, according to It has a bedroom with built-in bed, bathroom with heated tile floors and granite countertop, kitchen, living area with vaulted ceilings and a screened living area. Built in Wisconsin, the Escape is a park model RV and moved like a mobile home. The builder recommends a flat spot, preferably with a gravel base though a concrete pad is fine.


Hot Rod From ‘Grease’ Movie Listed on Ebay

The “Hell’s Chariot” car, driven by the “T-Birds” gang leader in the 1978 musical film “Grease,” is up for auction on eBay. In the film’s car race, set in the 1950s, Danny Zuko, played by John Travolta, beats T-Bird “Craterface” Leo, played by the late Dennis Stewart. The Mercury convertible’s starting price was $20,000 on Jan. 26, 2013, and bids have surpassed $150,000.


The Lamborghini Veneno Roadster equipped and promoted by Monster Audio debuted at the 2014 International CES at the Las Vegas Convention Center, Jan. 7, 2014. Monster created an audio system for the $4.5 million super sports car, only nine of which will be produced, Lamborghini and Monster Audio said.

Joe Klamar/AFP/Getty Images

A 1961 Ferrari, Up For Auction

A 1964 Ferrari 250 LM sold for $14.3 million, a new world record for the model at auction, in RM Auctions and Sotheby’s Art of the Automobile sale on Nov. 21, 2013 in New York City. It’s described as “one of the finest original examples of Ferrari’s first mid-engined car” that finished eighth overall and first in class at the 1968 24 Hours of Daytona. The estimated value was $12-15 million.


A 1938 Talbot Lago, Up For Auction

A 1938 Talbot-Lago T150-C SS Teardrop Cabriolet by Figoni et Falaschi, “commonly regarded as one of the most beautiful coach built cars of all time” and a “landmark in French Art Deco design,” was Sotheby’s second priciest car on Nov. 21, 2013. It sold for $7.15 million, a world record for the model at auction. It’s the “only” short-wheelbase example with original chassis, engine, and body.


1989 ‘Batman’ Batmobile Up for Auction

British auction house Historics at Brooklands has a Batmobile up for bid. Made to promote Tim Burton’s “Batman” series, the replica comes with a fully operational flame thrower and hydraulic suspension. It was dubbed the ‘Keaton-mobile’ after Michael Keaton, who played Batman/Bruce Wayne in the movie series. It’s expected to fetch between $113,000 to $145,000 when it goes for auction on Nov. 30.

Historics at Brooklands

Ultra-Luxury Edition 2014 Range Rover

The ’14 Range Rover Autobiography Black ultra-luxury edition’s “executive” seating option has a chiller for glasses and bottles, 10.2-inch screens on the front headrest backs, electricrically deployable leather trays, and reclining, massage-equipped rear seats. The right side has a “powered recliner calf rest.” It reportedly is $225,000, but Land Rover will reveal the price at the L.A. Auto show.

Land Rover

Gold-Plated Lamborghini Under Construction

A gold and platinum Lamborghini designed by German Robert Gulpen may be worth 10.5 million euros, or more than $14 million at auction once it is completed. The retail price for the “Emirates Gold” car, marketed by Lamborghini UAE is about $8 million. Its gold and precious stones are worth 2 million euros alone. Its headlights are made of diamonds and its rear lights use colored precious stones.

Courtesy Robert Gulpen

James Bond’s Submarine Car Sold

The highest bid for James Bond’s Lotus Esprit submarine car, auctioned by <a href=”” target=”external”>RM Auctions</a> on Sept. 9, 2013 is $967,120, including a buyer’s premium of 12 percent. The vehicle in 1977’s “The Spy Who Loved Me,” starring Roger Moore, was discovered in a storage locker in Long Island, N.Y.

Don Griffin ©2013 Courtesy of RM Auctions

Queen’s Daimler Sells for $62, 755

A green Daimler owned and driven by Queen Elizabeth II fetched $62,755 at a London auction, the Associated Press reported. The vehicle was used from 2001 to 2004 by the Queen according to auction house Historics.

Historics at Brooklands

Rare Ferrari Fetches $27.5 Million at Auction

A rare Ferrari convertible sold for $27.5 million, setting a new world record for the most expensive Ferrari and non-race car ever sold at auction. The 1967 Ferrari 275 GTB/4 N.A.R.T. Spider, one of only 10 ever made, is considered the “holy grail for collectors,” according to RM. The car belonged to a single-family owner, which increased its value. The owner said proceeds will go to charity.

R.M. Auctions

John Lennon’s First Car Auctioned

This Ferrari 330GT was personally selected by Beatles singer/songwriter John Lennon as his first car in February, 1965, and was sold at auction by Bonhams, a United Kingdom auction house, for about £359,900 (about $543,773) on July 12, 2013.

Bonhams/Simon Clay

Mercedes-Benz Sold for $29.7 Million

The Ex-Fangio Mercedes-Benz W196R, seen here in this undated handout photo, sold at Bonhom’s auction for $29,650,095 or £19,601,500, the most expensive car at auction, on July 12, 2013. Also auctioned was John Lennon’s first car, shown in the previous slide.

Courtesy Bonhams

Pebble Beach Car Auction

Gooding & Company, the auction house of the Pebble Beach Concours d’Elegance, hosted the 10th Anniversary sale of the Pebble Beach Auctions, Aug. 17 and 18. This 1948 Alfa Romeo 6C 2500 Competizione, sold for a record price of $4.84 million after a bidding war. One of the rarest post-war Alfa Romeos known, it is one of only two factory-made sports cars developed for the 1948 racing season.

Mathieu Heurtault/Gooding and Company

Pebble Beach Car Auction

This 1965 Ferrari 500 Superfast is described as “the most powerful, exclusive, and expensive Ferrari of the sixties”. Worth about $1.75 to $2.25 million, this Ferrari had only one owner since 1966 and approximately 13,500 original miles, “possibly the lowest-mile example in existence”, Gooding & Co. says. This Series 1 model was the sixth example built of only 36 produced.

Mike Maez/Gooding and Company

World’s Most Expensive Motor Home

The eleMMent Palazzo is a motor home worth about $3.1 million, or £2 million, Yahoo! reports. It features a fireplace, colossal master bedroom and a rooftop terrace. Created in Dubai, the vehicle can wash itself and can transform into a “Sky Lounge” with a pop-up cocktail bar and underfloor heating.

Marchi Mobile

World’s Most Expensive Motor Home

The eleMMent Palazzo allows users to pre-set the lighting and temperature before you return to your vehicle after a night on the town. Its height is about 430 feet.

Marchi Mobile

1953 Ferrari Fetches $12.8 Million

This 1953 Ferrari 340/375 MM Pinin Farina Berlinetta “Competizione” sold for 9,856,000 euros or $12,812,800, including buyer’s premium, in an auction hosted by RM Auctions at Lake Como, Italy, on May 25, 2013. It has been driven by three world champions (Mike Hawthorn, Alberto Ascari and Giuseppe “Nino” Farina) and was one of three 375 MM cars at the 1953 24 Hours of Le Mans race.

Tim Scott Fluid Images © 2013 Courtesy of RM Auctions

Aston Martin Auctioned for $492,948

Auction house Bonhams had on the block an Aston Martin DB5 Sports Saloon that was discovered in a garage after it was left there for about 30 years. The car was auctioned off for £320,700 or about $492,948, including buyer’s premium.

Courtesy Bonhams

$2.1 Million Lamborghini Goes Under the Hammer

An exclusive Lamborghini Pregunta, built to resemble a fighter jet, is on sale for about $2.1 million at a French dealership. The car was first unveiled at the 1998 Paris motor show.

Caters News Agency

$3.9 Million Lamborghini Revealed

The new Lamborghini Veneno, the automaker’s fastest model ever, to mark its 50th anniversary, is presented by CEO and Chairman Stephan Winkelmann on March 4, 2013 ahead of the Geneva Car Show in Geneva. Winkelmann said the company is building three models of the car, at 3 million euros each. He said it can accelerate “from zero to 62” mph in 2.8 seconds. Two of the three buyers live in the U.S.

Fabrice Coffrini/AFP/Getty Images

‘Rain Man’ Car Sells for $170.5K

In this photo taken Oct. 12, 2012, former President George W. Bush sits in his 2009 Ford F-150 pickup truck in Crawford, Texas. The truck was sold for $300,000 at a charity auction on Jan. 19, 2013. The proceeds went to the Fisher House Foundation, which provides free or low cost housing to military families and veterans receiving treatment at military medical centers.

Freddy Ford/AP Photo

“Rain Man” Buick

One of the iconic cars used in the 1988 film, “Rain Man,” which won the Oscars for best picture, actor, director and screenplay, sold for $170,500 on Dec. 14. In the film, the dead father of Charlie Babbit, played by Tom Cruise, left the 1949 Buick to him while giving his brother, Raymond, played by Dustin Hoffman, the rest of his fortune.

Heritage Auctions

Cool Cars

A man in Vancouver sold “The Mystery Machine” used in the 2009 movie, “Scooby Doo! The Mystery Begins.” The 1994 Chevrolet G20 cargo van was listed for $2,000 and sold for $5,111. It had about 62,137 miles on it, or 100,000 km and “runs great,” the Craigslist and eBay listings state. While there are dents on it, “many of them were put in by the film crew to make it look more authentic.”


Princess Di’s Rolls Royce Up for Auction

The Rolls Royce used to transport Prince Charles and Princess Diana during their first visit to the United States was auctioned by the Volo Auto Museum in Illinois for $122,360 on Nov. 16, 2012.The museum states that a portion of the sale for the the armor-plated car benefits Children with Leukemia, a charity supported by the late Princess of Wales.

Courtesy Volo Auto Museum

’68 Ford Sold for $11 Million

A broken 1972 Dodge van that reportedly has a doodle by the late musician, Kurt Cobain, sold for $24,701 on online auction site, eBay, according to the Seattle Post Intelligencer. One of the first touring vans of local band The Melvins, for whom Cobain was once a roadie, it reportedly includes a drawing by him of the rock band, KISS.


A ’36 Benz May Fetch More Than $16.3 Million

A Ford used by Steve McQueen in the race car film “Le Mans” became the most expensive American car ever sold at auction, according to RM Auctions. The 1968 Ford GT 40 (a similar version of which is pictured above) sold for a record $11 million at the Pebble Beach Concours d’Elegance on Aug. 19. 2012.

Pawel Litwinski/RM Auctions

Rare Dime Fetches $1.84 Million

A 1936 Mercedes-Benz 540K Special Roadster once owned by German Baroness Gisela von Krieger was auctioned by Gooding & Company on Aug. 19, 2012 for $11.77 million. In 2011, the company set a record after selling a 1957 Ferrari for $16.4 million at the same Pebble Beach Auction.

Mathieu Heurtault/Gooding & Company

$35M Ferrari GTO Becomes Most Expensive Car

This 1962 Ferrari 250 GTO has been sold in a private transaction to U.S.-based collector Craig McCaw for $35 million, according to Bloomberg Businessweek.

Courtesy John Collins Talacrest

Aerosmith’s Steven Tyler Buys $1.1 million, 1,244 HP Convertible

Aerosmith frontman Steven Tyler bought the world’s fastest convertible, the Hennessey Venom GT Spyder, which the company custom-built into the only model without a top, upon the musician’s request. Only five 2013 Venom GTs were built at $1.1 million each. The Venom accelerates to 200 mph in 15.9 seconds, eight seconds faster than a Bugatti Veyron, according to car website Jalopnik.

Courtesy Hennessey Performance

 Posted by at 11:12 pm
Aug 232016

RESEARCH TRIANGLE PARK, N.C. & MILAN–(BUSINESS WIRE)–TransEnterix, Inc. (NYSE MKT: TRXC), a medical device company that is

pioneering the use of robotics to improve minimally invasive surgery,

announced today that it has acquired the surgical robotics division of

SOFAR S.p.A., an Italian health care company, in a cash and stock

transaction with total consideration of $99.8 million. SOFAR has

developed the TELELAP ALF-X® advanced robotic system for minimally

invasive surgery, which has an active CE Mark.

“The combination of SurgiBot(TM) and ALF-X® will allow TransEnterix to

address a larger market opportunity with compelling patient, surgeon and

hospital value,” said Todd M. Pope, President and CEO of TransEnterix.

“We believe this combination accelerates our commercialization timeline

and revenue ramp as we can immediately begin selling the ALF-X in many

markets globally.”

“We believe joining with TransEnterix will make our vision to create the

next wave of robotic surgery a reality.” said Andrea Biffi, CEO of

SOFAR, who has been appointed to the TransEnterix Board of Directors.

“Our decision to become a significant shareholder reflects our belief

that the company has built a strong team and will execute on this

compelling opportunity.”

Strategic Rationale

The combination with SOFAR’s surgical robotics division supports and

accelerates TransEnterix’s fundamental strategies:

Accelerate the migration of traditional laparoscopic procedures to

robotically assisted laparoscopy: Both robotic surgical systems

are designed to leverage the experience and motion of traditional

laparoscopic surgery. Laparoscopic procedures represent over 10 times

the number of existing robotic surgery procedures. New robotic systems

that leverage laparoscopic experience and techniques should facilitate

the continued growth of robotically enhanced laparoscopy.

Address the trade-offs required of surgeons when using currently

available robots: Both the SurgiBot and ALF-X systems are designed

to address trade-offs that currently-available robotic systems require

of surgeons, such as loss of haptic feedback, being disengaged from

the surgical field, the increased size of required trocar incisions,

the inability to easily reposition patients once docked, and the

requirement to interrupt operating and disengage instrument controls

in order to move the camera.

Eliminate cost barriers to adoption with compelling pricing models:

Both robotic systems are designed to present a compelling economic

value to hospitals. Whether through reduced capital acquisition cost

or reduced per-procedure costs, each system will lower the economic

barriers for hospitals to engage in robotic surgery. This should make

robotic surgery a possibility for many more hospitals around the world.

The acquisition of SOFAR’s surgical robotics division is anticipated to

have a positive financial impact going forward. TransEnterix believes

that the ability to commercialize the ALF-X system in the near-term

under the existing CE Mark and our significantly expanded market

opportunity could accelerate our revenue growth more than previously


Transaction Structure

TransEnterix acquired from SOFAR all of the intellectual property and

other assets, employees and contracts related to the advanced robotic

system for minimally invasive laparoscopic surgery known as TELELAP

ALF-X (Acquisition Transaction).

At the closing of the Acquisition Transaction, SOFAR received $25

million in cash and 15,543,413 shares of TransEnterix common stock with

a value of $43.7 million, based on the closing price of $2.81 as of

September 18, 2015.

The agreement also provides for up to EUR27.5 million ($31.1 million) in

remaining cash consideration to be paid in three additional tranches

based on the achievement of negotiated milestones.

In connection with the Acquisition Transaction, SOFAR entered into a

lock-up agreement with TransEnterix pursuant to which SOFAR agreed,

subject to certain exceptions, not to sell, transfer or otherwise convey

any of the shares issued for one year following the closing date of the

acquisition. The shares will be released between the first and second

anniversaries of the closing of the Acquisition Transaction.

TransEnterix also entered into a Registration Rights Agreement with

SOFAR, pursuant to which TransEnterix agreed to register SOFAR’s shares

for resale, subject to the lock-up provisions.

Structure and Governance

TransEnterix, Inc. will continue to have its principal offices in North

Carolina. The company will continue the research and development

activities in Italy through its subsidiary, TransEnterix Italia, S.r.l.,

f/k/a Vulcanos S.r.l. Mr. Pope will remain the President and CEO of

TransEnterix and Mr. Biffi will serve on the TransEnterix Board of


Conference Call

TransEnterix, Inc. will host a conference call on Tuesday, September 22,

2015 at 8:00 AM ET to discuss this acquisition. To listen to the

conference call on your telephone, please dial (888) 811-5408 for

domestic callers or (913) 312-0838 for international callers

approximately ten minutes prior to the start time. To access the live

audio webcast with presentation slides or archived recording, use the

following link

The replay will be available on TransEnterix’s website for approximately

90 days after the conference call.

About TransEnterix

TransEnterix is a medical device company that is pioneering the use of

robotics to improve minimally invasive surgery by addressing the

economic and clinical challenges associated with current laparoscopic

and robotic options. The company is focused on the development and

commercialization of the SurgiBot(TM) System, a robotically enhanced

laparoscopic surgical platform that allows the surgeon to be

patient-side within the sterile field. The SurgiBot System is not yet

available for sale in any market. For more information, visit the

TransEnterix website at


TELELAP ALF-X is a next generation robotic surgical system. The system

is the result of years of advanced research by SOFAR S.p.A, in

collaboration with the European Commission’s Joint Research Centre

(JRC). TELELAP ALF-X is a multi-port robotic system that brings the

advantages of robotic surgery to patients while enabling surgeons with

innovative new technology such as eye tracking and haptics. Utilizing

reusable instruments, the system will allow hospitals to offer the most

advanced technology with low operational costs. The ALF-X is not

available for sale in the U.S.

Forward Looking Statements

This press release includes statements relating to TransEnterix’s

acquisition of SOFAR S.p.A’s. surgical robotics division, the TELELAP

ALF-X® System, the SurgiBot(TM) System and our current regulatory and

commercialization plans for these products. These statements and other

statements regarding our future plans and goals constitute

“forward-looking statements” within the meaning of Section 27A of the

Securities Act of 1933 and Section 21E of the Securities Exchange Act of

1934, and are intended to qualify for the safe harbor from liability

established by the Private Securities Litigation Reform Act of 1995.

Such statements are subject to risks and uncertainties that are often

difficult to predict, are beyond our control, and which may cause

results to differ materially from expectations. Factors that could cause

our results to differ materially from those described include, but are

not limited to, whether our acquisition of the ALF-X surgical robotics

system will be successful, whether the combination of the SurgiBot and

ALF-X will provide compelling patient, surgeon and hospital value;

whether TransEnterix’s acquisition of the ALF-X surgical robotics system

will have a positive financial impact going forward; whether SurgiBot

System’s 510(k) application(s) submitted on June 1, 2015 will be cleared

by the U.S. FDA, whether we will be able to efficiently and successfully

integrate the acquisition into our operations, the pace of adoption of

our products by surgeons, the success and market opportunity of our

products, the effect on our business of existing and new regulatory

requirements and other economic and competitive factors. For a

discussion of the most significant risks and uncertainties associated

with TransEnterix’s business, please review our filings with the

Securities and Exchange Commission (SEC), including our Quarterly Report

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 Posted by at 5:12 am
Aug 192016

By Maria Tsvetkova

| IKON-KHALK, Russia

IKON-KHALK, Russia When Rahim Bulgarov graduated from college in southern Russia with a diploma in tourism, his teacher expected him to go on to further study, or fulfill his dream of opening a car repair shop.

Instead, Bulgarov started going to the mosque with followers of a pious strain of Islam, and, according to a close relative and Egyptian security sources, went to Cairo last year to study Arabic.

Turkish state media have identified Bulgarov, 23, as one of the suspected suicide bombers who attacked Istanbul’s Ataturk airport on June 29, killing 45 people and wounding hundreds.

Several of the attackers were from Russia or ex-Soviet countries, making it the deadliest foreign attack by militants from that region since the Boston marathon bombing in 2013, carried out by two young ethnic Chechen brothers.

In the space of two years, Bulgarov changed from a shy young man who led a secular lifestyle to a suspected jihadist bomber, according to Reuters interviews with his teacher, an imam, a classmate and the close relative.

His case shows the challenges that Russian security agencies face identifying potential security threats out of the thousands of young people in Russia who are turning to ultra-conservative forms of Islam.


Three Egyptian security sources told Reuters Bulgarov spent 7 months and 12 days in Cairo, leaving in January this year, and that he signed up for Arabic classes at Al-Azhar University, an Islamic center of learning.

“He lived in a flat with another young Russian man in the Ain Shams area,” said one of the sources, referring to a suburb of Cairo.

Bulgarov was not on the radar of Egyptian security services until Russian authorities contacted them around a week ago seeking information on him and any other Russians he mixed with in Cairo, said the same source.

Bulgarov left Egypt on Jan. 13 for Turkey, according to the three Egyptian sources.

Some time after that, he returned to Russia and was interviewed by the Federal Security Service (FSB), which is responsible for counter-terrorism, and had to undergo a lie detector test, according to the relative, who did not want to be identified.

The relative said Bulgarov was then allowed to go home.

“He passed the test, he was fine,” said the relative.

Reuters could not confirm that the interview, a routine procedure in Russia that does not necessarily mean the authorities thought he was a security threat, took place. Local police and the FSB did not respond to requests for comment.


Bulgarov grew up in Karachaevo-Cherkessia, a Russian region on the northern slopes of the North Caucasus mountains where many people are Muslim.

But unlike other parts of the North Caucasus, such as nearby Chechnya and Ingushetia, there was no strong tradition of hardline Islamism or rebellion against Moscow’s rule.

Bulgarov’s family home is in the village of Ikon-Khalk, a settlement of the Nogai people, a Turkic ethnic group.

His upbringing was comfortable. His father is a tractor driver. His grandmother owns a deli store in the village which, among other items, sells food cooked by his mother.

Putting Bulgarov through college to get his tourism diploma would have cost his family nearly $3,000, according to Mardjan Dagujieva, the director of the college, a substantial sum by local standards.

At the college, Bulgarov was shy.

“When he dared to say a word in class, that was already a shock for us,” said Yevgeny Romanenko, a classmate.

He said Bulgarov at that time smoked cigarettes and drank alcohol – both habits which are forbidden according to most interpretations of Islam.

His teacher at the college, Gor Kurginyan, said Bulgarov was one of his best students with a dream to start a small business.

“He planned to launch a car repair shop along a road in his neighborhood,” said Kurginyan.

Bulgarov graduated from the college in 2011, and his teacher expected him to either pursue the workshop plan or keep studying, maybe at university in the nearby city of Pyatigorsk.

But when Kurginyan met up with some of his ex-students about two years ago, he heard the unexpected news that Bulgarov had devoted his life to Islam.

“I asked the guys: ‘And how is Rahim?'” said Kurginyan. “They told me he had … turned to Islam.”


After Bulgarov graduated from college, he had been working on a farm and in construction in his Ikon-Khalk, according to his close relative.

But the village was changing. In 2013 or 2014, young local men started visiting the mosque at the end of his street, drawn to practicing Islam for the first time in their lives, and in particular to a very strict interpretations of the faith.

This mirrors a trend throughout the North Caucasus. According to a report this year by the International Crisis Group, poverty, corruption and police crackdowns in the region have left many young people feeling angry and persecuted.

Some of them have been drawn to radical forms of Islam which they feel offers a way to address injustices.

“More people started going to mosque,” said the imam at the mosque in Bulgarov’s village, Abdulla Kumykov. “It had been very few, about 10 people at Friday prayer. And now it’s 40-50, (taking up) about half of the prayer room.”

When a Reuters reporter visited last week, several men in their 20s and 30s hung around the mosque. They refused to speak with the female reporter, and insisted she did not cross into the mosque’s courtyard, saying women were not allowed in.

The imam, who could not explain why there had been an influx of new worshippers, spoke to the reporter outside the perimeter of the mosque.

He said Bulgarov had first come to the mosque around 18 months ago, and had prayed there regularly until he left for Egypt.

The close relative said Bulgarov left home for a second time in March this year, telling his family that he was traveling to find work in Labytnangi, a Russian mining settlement near the Arctic Circle.

The next time the relative knew of his whereabouts was when they learned he was a suspect in the Istanbul airport bombing.

(Additional reporting by Lin Noueihed and Ahmed Mohammed Hassan in CAIRO and David Dolan in ISTANBUL; Editing by Christian Lowe and Anna Willard)

 Posted by at 5:12 pm
Aug 172016

The car has also delivered freedom for millions on a budget, and the vehicles created to fulfill that demand are some of the cleverest ever made — marvels of packaging, stunning achievements of engineering. Sure, there are some famous large cars — but the global automotive icons are almost all at the smaller side of the spectrum.

European and Japanese brands have led the way in this, helped by customers’ concerns over space, cost and fuel efficiency — factors that are less of an issue in the United States, the Middle East and, more recently, China.

Europe’s main offerings have been the Mini, the Fiat 500 and the Volkswagen Beetle — model names that now have a remarkable 167 years of sales between them. All three models were born to offer cheap motoring, with some compromises on space in the name of cost.

The Mini, 500 and Beetle have all been recreated for the modern customer, interestingly — although the new versions are much more like fashion items than serviceable transport. Fiat even introduces colors as “seasons” on the 500, appealing to (mostly female) clients attracted by the latest trends.

At least the Italian icon remains pretty cheap; the Mini and Beetle are both a world away from their predecessors, with prices driven high by lists of lengthy options, designed to allow customers to personalize their choice as they may personalize the contents of their wardrobe.

Posh, small cars are big business, too; as well as the Italians, the Mini’s rivals include the Germans (Audi A1) and the French (DS 3).

The Ford Fiesta, one of the American manufacturer’s biggest models in Europe, and the VW Polo, which reached 40 years on sale last year, are both still designed to be affordable transport for small families and couples.

They are both global cars, sold in pretty much every region where Ford and Volkswagen are present — although they, too, have evolved; the latest generation of the Polo is around 15 centimeters (about 6 inches) wider and the thick end of half a meter longer than the original. We’ve all grown, after all, so the space required to accommodate four adults is greater than it was in the 1970s.

Not every famous name has survived. France’s legendary 2CV — so called because its original specification had “deux chevaux”, or two tax horsepower — was killed off in 1990 by a mixture of poor sales, environmental concerns and safety regulations.

And while Fiat’s indirect successor to the 500, the 126, enjoyed an extended life in communist Eastern Europe after its main production line stopped in 1993, even the Polski Fiat was considered a little too diminutive for an emerging market. It was axed in 2000.

Less is more

Japan has a legal classification for its smallest vehicles. Called kei-cars, they’re designed to take advantage of reduced tax rates and cheaper insurance offered by the government to help maximize space in congested cities and urban areas.

The rules are pretty restrictive, though; the current batch of kei-cars can’t be any more than 3.4 meters (11 feet) long and just 1.48 meters 5 feet) wide, and the maximum engine size is just 660 cc, or around the same as a mid-range motorcycle.

The restrictions haven’t stopped Japanese designers creating a wide range of vehicles within the parameters allowed — everything from five-door family cars to convertibles and mini-vans.

This area of the market also spawns some of the most interesting Japanese-English badges on cars — the Toyota Pixis Mega, anyone? Or the Mazda Scrum?

At the even more extreme end, there have been vehicles so small that they seem barely qualified to be called a car at all. The BMW Isetta had just two seats and three wheels, and you entered by opening up the entire front of the vehicle. At 2.29 meters (7.5 feet) long, it was half-car, half-motorcycle, although BMW extended the range by adding 70 centimeters (28 inches) to the body, two more seats and a fourth wheel, and calling it the Isetta 600.

The Peel P50 was even more compact — a Guinness world record holder for being the smallest production car, at just 1.3 meters long (4.3 feet), or less than the third of the length of the modern Mini.

Originally produced on the Isle of Man in the 1960s, the P50 is back in production in England, complete with its single-seater, three-wheeled layout, a single door and no reverse gear (you get out and pick it up if you want to perform a tight maneuver).

Not quite a worldwide love affair

All the while, America’s love affair with SUVs and jumbo pick-up trucks has taken it further and further away from the breadth of the European market. There are faint signs that this could be changing — witness the Fiesta’s relative success after its introduction to US buyers — but the cultural difference is likely to continue for the foreseeable future.

China may not be so straightforward. Up until now, buyers there have been fixated on the idea of traveling in the backseats of cars instead of getting behind the wheel. That’s because the world’s biggest car market has been driven by a fast-emerging upper-middle class.

But you have to suspect that as cities and streets become ever busier, and countless millions gain the financial wherewithal to consider owning a car, the vehicles they buy may well have to become more compact.

And the European manufacturers will be itching to take advantage when that happens.

 Posted by at 11:12 pm
Jul 182016


Rockford Robotics is the home of two FIRST Tech Challenge (FTC) teams and a FIRST Robotics Competition (FRC) team. During the 2015 season, FRC Team 2039 participated in the Central Illinois Regional, the Midwest Regional and the World Championship in St. Louis. We were honored to receive the Chairman’s Award at the Central Illinois Regional.

Check out our Chairman’s Award Video to learn more about our community outreach. Learn more about the team on the About Us page.

Are you interested in joining? Complete this Google form: Rockford Robotics Application


 Posted by at 1:19 pm
Apr 192016

STORY: Root looks like a smoke detector but is actually a sophisticated robot. A magnetic surface, wheels, and an impressive arsenal of sensors allow it to navigate a classroom white board. But Root isn’t actually programmed to do anything. Its tasks and functionality hinge on a child’s imagination. To operate – Root needs instructions, a line of code. Zivthan Dubrovsky of Harvard’s Wyss Institute recalls testing out Root with kids for the first time. He asked them this… SOUNDBITE (English) ZIVTHAN DUBROVSKY, HARVARD’S WYSS INSTITUTE, SAYING: “Can you make a text based java script line follower? They go ‘no that’s hard, can’t do that’, but we can put level one in front of them and they can do it in minutes.” Level one introduces kids to principles of programming using an interface of simple instructions and pictures. As they become more adept, they jump to levels 2 and 3, at which point writing computer code becomes second nature, according to Dubrovsky. He says getting kids interested in the abstract world of programming isn’t easy, but thinks Root can help with that. SOUNDBITE (English) ZIVTHAN DUBROVSKY, HARVARD’S WYSS INSTITUTE, SAYING: “We are not trying to create a fun toy where you are just making a racing game. We are going to figure out how to make the racing game and that is going to be a lot of work, a lot of perhaps negative energy. But then there is so much positive energy at the end that it is worth the effort.” The team hopes to partner up with education companies to develop curriculums based around Root with the hopes of enticing schools to add the robot to classrooms. SOUNDBITE (English) ZIVTHAN DUBROVSKY, HARVARD’S WYSS INSTITUTE, SAYING “Adding a robot into the classroom you are actually adding a third agent into the classroom and you enable a new interesting way of teaching where the students can become the teachers, teaching the robot to do things.” While at the same time learning a new skill, one that is increasingly important in a digital world where knowing how to code could become just as important as knowing to read and write.

 Posted by at 9:34 pm
Apr 192016

The road to success includes plenty of stumbles.

While we’re hesitant to call the items on this list failures, here’s a look at some of the most buzz-worthy ideas and products in tech this year that ultimately fell flat, met their demise or prompted their founders to go back to the drawing board.

Google Glass The first edition of Google Glass was officially laid to rest in January.

The once sought after wearable computer has turned into a piece of technology fraught with privacy concerns that have led to it being banned in certain public locations. The $1,500 product also spawned a not-so-complimentary name for its tech savvy wearers: glassholes.

Aside from the perceived “dorkiness” of the product, it was perhaps the camera that caused the most concern in a public setting.

Google said in a blog post that it was a graduation of sorts for the device and vowed that the public will see a next generation of Glass.

Peeple Peeple, the app that lets humans rate each other, made waves when it was in beta for its plan to unleash a five-star reviewing system on humans. Perhaps the most unnerving part of it all for some people: Anyone can add a new user and you can’t remove your profile from the app.

Some cheered the idea. Others expressed concern.

Peeple’s founders have since taken the app, which is still in beta, down a much more positive path, letting users opt-in to the service and decide which reviews of themselves they’ll allow to be shown. Essentially: What was an app celebrating raw honesty has now morphed into something people can use as a personal billboard promoting themselves.

Tidal Tidal, a high fidelity music streaming service, hasn’t made quite the splash that had been expected since it was taken over by a star-studded list of owners, including Jay-Z and Beyonce. Formerly known as Aspiro, the music streaming service relaunched earlier this year but hasn’t made as big of a mark as some have expected. Tidal’s competition got even more fierce when Apple entered the music streaming realm in June with Apple Music.

hitchBOT Sometimes bad things happen to good robots.

A hitchhiking Canadian robot named hitchBOT had its journey cut short in Philadelphia after its arms were ripped off and it was left on the ground.

The child-sized hitchBOT had been snapping photos of its journey and was able to carry on limited conversations. Created as a social experiment by Canadian researchers, the robot had previously hitchhiked across Canada and parts of Europe with its owners tracking it via GPS.

The robot was two weeks into its journey to hitchhike from the East Coast to San Francisco when it met its demise in the City of Brotherly Love.

During its American road trip, hitchBOT took in a Boston Red Sox game, briefly went to sea and enjoyed the sights in Boston.

Solar Impulse Two pilots who dream of circumnavigating the globe in a solar-powered plane announced in July they would suspend their journey after the aircraft sustained irreversible battery damage during its record-breaking flight over the Pacific Ocean.

Solar Impulse 2 is on a layover in Hawaii as the team assesses the issue with the goal of continuing the journey as early as April of next year, according to a statement on Solar Impulse’s website.

 Posted by at 9:20 pm
Apr 192016

A bullet train is leaving the station, and it promises to transform and propel U.S. manufacturers who climb on board–in a wave of information technology known as smart manufacturing.

The big names are not just aboard, they’re driving the train: IBM announced in March it will spend $3 billion in the next four years to create an “Internet of Things” unit and develop software to help customers do the same, taking advantage of a paradigm of embedded, intra-machine connectivity, enabling machines (including everyday appliances) to communicate with one another and to adjust, without human assistance, to changing conditions.

But small- and medium-sized companies in the $3-trillion U.S. manufacturing sector largely are missing out on the benefits of smart technology, which uses embedded sensors and integrated software to collect plant operations and supply chain data, analyze that data and drive real-time improvements in production, procurement and processes. Some industry observers, including The Wall Street Journal, have called it the “New Industrial Revolution,” touched off by an advancing wave of technology with sensors and microprocessors plummeting in cost and size; cheap and easy cloud storage; and newly nimble forms of communication and software.


Smart Manufacturing Benefits

For the companies that embrace it, smart manufacturing has the potential to trigger innovation and productivity, enable and spur growth, facilitate greater worker and product safety, and improve the environmental profile of operations.

By driving efficiency throughout the manufacturing process, smart technology helps eliminate waste: Better scheduling prevents idle machines and manpower; optimized runs shrink water and energy use; and fewer human errors divert from landfills wasted raw materials and spoiled finished product. Other ways smart technology improves the supply chain include enhancing communication to facilitate planning and helping manufacturers react to events in real time.

Yet, the majority of U.S. companies are not using smart manufacturing–some 87 percent, according to the 2014 Manufacturing Outlook Survey by the American Society for Quality (ASQ). Still, among those whose leaders reported they had at least partially implemented smart manufacturing:

a majority (82 percent) reported increased efficiency

49 percent reported lower product defects

45 percent reported customer satisfaction gains

What’s more, those gains flow from only partial implementation. Less than a third of those who had made the switch reported applying the practice throughout their operations.

Given such impressive results, why haven’t more U.S. companies embraced smart technology? Unsurprisingly, cost is at the top of the list, according to the ASQ survey, followed by resistance from management.

Capital Costs

Companies must find ways to overcome those hurdles–or face the prospect of battling competitors who have–likely within the decade. Some 37 percent of manufacturers surveyed by ASQ report having no interest in smart manufacturing, undoubtedly deterred by the perception that engaging such a revolutionary paradigm will require prohibitively expensive infrastructure improvements. True, new capital investments will be required, but that doesn’t mean scrapping the existing physical plant.

Most existing manufacturing equipment has at least some viable capacity. Many small- and medium-sized factories are running older, one-size-fits-all enterprise software systems that are “expensive to use … and buy,” as William P. King, chief technology officer of DMDII, explained at a recent Forbes roundtable “The Digital Factory.” In the future, these companies can benefit from deploying less expensive, individualized, modular software, allowing engineers to assemble tailored, factory-fit solutions.

There will be new capital equipment costs, notes GE SVP and CIO Jamie Miller, but most manufacturing equipment can be retro-fitted with external sensors and computing equipment, connecting the formerly segregated factory floor with an outrigger of notebook computers and control towers.

Human Resources

Of course, smart manufacturing isn’t just about equipment. Leaders must also rethink the way they hire and organize workers, says GE’s Miller. Rather than being grouped and siloed by job title, the cross-referential and collaborative nature of smart manufacturing calls for multidisciplinary, outcomes-based teams organized around optimizing tasks and processes. Finding appropriately tech-savvy employees for these teams could be a challenge, as already some 2 million manufacturing positions may go unfilled in the next decade, predicts The Manufacturing Institute, the National Association of Manufacturers’ research arm, in part because of a skills gap for younger workers, as outlined in The Atlantic.

Phasing IT In

For most manufacturers, embracing smart manufacturing will happen in phases. We know many of our customers choose to implement capital improvements over time, generating performance gains that, in turn, help pay for future investments. Yet having a holistic overview and a structured plan for implementation is paramount and will prevent wasted effort and investment. For example, many of our customers are using Tetra Pak’s PlantMaster, a customized automation solution designed to work together with our processing and packaging equipment, to gain omniscience and control of their plants. This type of technology also gives them the power to secure product quality, prevent food safety problems and quickly track and trace any rare incidents that do occur back to the source.

It’s a sound strategy and a path forward-thinking company leaders have within their power, if they can muster the will. Manufacturers who create comprehensive and realistic implementation strategies and begin to act now can stay decisively ahead of the competition, reaping the benefits of the smart manufacturing future and paving the way for sustained and profitable growth.

 Posted by at 8:53 pm
Apr 192016

Factory activity in New York expanded in April at the fastest pace in more than a year, a sign U.S.manufacturing may be picking up after a tough 2015.

The Federal Reserve Bank of New York said Friday that its Empire State manufacturing index jumped to 9.6 in April from 0.6 in the previous month. It was only the second positive reading since July. Any reading above zero indicates growth.

A gauge of new orders rose to 11.1 from 9.6 in the previous month, suggesting output may rise again next month. A measure of shipment slipped.

Yet a broader report on overall U.S. industrial production, issued by the Fed in Washington on Friday, showed that U.S. manufacturers are still struggling. Manufacturing production nationwide fell 0.3 percent, pulled down by a cutback in auto production. Utility and mining output also fell.

Those figures suggest that slower overseas growth, a strong dollar and weak consumer spending are still weighing on American manufacturers.

 Posted by at 8:11 pm