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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.

Addressing Manufacturing’s Diversity Problem

Across industries there’s an emphasis on addressing diversity, equity, and inclusion (DEI) in leadership roles. Research shows that greater diversity within an organization improves business performance. Manufacturing, however, lags in gender diversity when compared with other industries.

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.

Siemens, Desktop Metal Announce Partnership

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.

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.