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Machine Tool Orders Slide in January

Orders for machine tools slid in January on both a monthly and year-over-year basis, AMT – The Association for Manufacturing Technology said today.

GM Quarterly Profit Rises

General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.

Ford Returns to Formula One

Ford Motor Co. said it is returning to the international Formula One race circuit starting in 2026.

ABB Opens Center in Mexico

ABB has established a new regional operations center for North America, bringing technology expertise closer to customers and building on its similar resources globally. An initial $1 million investment has been made for the new Mexico Technology and Engineering Center (MXTEC) in the city of Merida, Yucatan.