Ford Suspends Dividend, Taps Credit Lines Because of COVID-19 Pandemic March 19, 2020 Ford Motor Co. said today it’s suspending its stock dividend and tapping credits lines to ensure it has enough cash amid the outbreak of the coronavirus (COVID-19).
Coronavirus Impact on Auto Industry May Accelerate March 6, 2020 The impact of the coronavirus on the auto industry is on the cusp of accelerating, according to a Center for Automotive Research presentation today.
U.S. Companies Aim to Expand Production, Repair of Ventilators March 24, 2020 General Motors Co. and medical equipment maker Ventec are accelerating their partnership code to build ventilators at a GM plant in Kokomo, Indiana, to help combat the coronavirus outbreak, according to a Reuters report.
Hitachi Powdered Metals Embraces Robotic Automation, Boosts Volume 400 percent in Tight Labor Market March 30, 2020 Hitachi Powdered Metals (USA) Inc. began a gradual investment in industrial robots at their Greensburg, Ind. plant in 2005, driven by the emergence of a tightening labor market and the opportunity to produce an extremely fragile product.
Manufacturing ‘Stepping Up’ to Combat COVID-19, NAM Says March 26, 2020 U.S. manufacturing is “stepping up” to produce medical products needed to treat cases of the novel coronavirus (COVID-19), the head of a major trade and lobbying group said today.
Durable Goods Orders Rise in February March 27, 2020 Durable goods orders rose in February before the novel coronavirus (COVID-19) began to hit the U.S. economy.
Passing of GE’s Welch May Be a Cautionary Tale March 4, 2020 When former General Electric Co. chief Jack Welch died this week at 84, it was as if a legend had departed. He was the CEO who had transformed an aging industrial concern into a vibrant giant. But it's also a cautionary tale.
New YG-1 Fiberglass Routers Designed to Machine Composites Better, Faster March 4, 2020 YG-1 has launched four new solid-carbide fiberglass routers for CNC or hand routers to handle machining processes for fiberglass and other high-performance fibers. The new routers are optimized in composition, cutting angles, flute strength and stability for longer life and lower cost per part, according to the company.
2019 U.S. Cutting Tool Orders Close at $2.4 Billion February 24, 2020 December 2019 U.S. cutting tool consumption totaled $187.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Barlow Named General Manager for ARCH Cutting Tools Rhode Island February 13, 2020 ARCH Cutting Tools announced that Brian Barlow has been named general manager, ARCH Cutting Tools Rhode Island, based in Smithfield. He is responsible for the overall business and production operations at the ARCH Cutting Tools Smithfield manufacturing facility.
