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Metalforming companies forecast a dip in business conditions during the next three months, according to the October 2022 Precision Metalforming Association (PMA) Business Conditions Report.

Boeing Co. today reported a quarterly deficit after the aircraft maker recorded $2.8 billion in losses in its defense unit.

General Motors Co. today reported a higher third-quarter profit on increased revenue bolstered by more truck sales.

New orders for durable goods rose in September, paced by transportation equipment, the U.S. Commerce Department reported today.

Heavy equipment maker Caterpillar Inc. today reported an increased quarterly profit as revenue rose.

Honda and LG Energy Solution today announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio, about 40 miles southwest of Columbus, where the two companies will commit to investing $3.5 billion and creating 2,200 jobs, pending final government approvals.

3D Systems announced that Amnovis, an additive manufacturing production and engineering company based in Aarschot, Belgium, has incorporated 3D Systems’ DMP Flex 350 Dual into its contract manufacturing workflow.

Siemens and Desktop Metal, Inc. announced today a partnership aimed at accelerating the adoption of additive manufacturing (AM) for production applications with a focus on the world’s largest manufacturers.

Machine tool orders posted a monthly gain in August but were down compared with a year ago.

Manufacturing employment rose in September, with durable goods doing the heavy lifting, according to data released today from the Bureau of Labor Statistics.