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Cutting Tool Orders Total $173.2M in July

July 2022 U.S. cutting tool consumption totaled $173.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

GM to Invest $491M at Indiana Stamping Plant

General Motors Co. said it will invest $491 million at its Marion, Ind., metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles.

Durable Goods Fall on Transportation

New orders for durable goods declined slightly in July after orders for transportation equipment slid, the U.S. Commerce Department reported today.