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Machine tool orders in October soared compared with a year earlier, AMT – The Association for Manufacturing Technology said today.

Waev Inc. has purchased the GEM and Taylor-Dunn businesses from Polaris Inc. in a management buyout completed Dec. 31. Terms were not disclosed.

The emergence of third-generation advanced high-strength steel, known as 3rd Gen AHSS, may have an impact on automotive manufacturing a trade group said.

Markforged said its new FX20 printer can increase the use of 3D printing in industries such as aerospace and automotive.

Stratasys Ltd. today announced a collaboration with Adobe that gives artists and engineers using Adobe Substance 3D Painter a workflow that allows them to easily turn digital 3D renderings into 3D-printed models.

Boeing Co. today reported an operating profit for the third quarter as commercial aircraft deliveries improved. The company posted an overall loss on one-time costs.

Ford Motor Co. said Wednesday its third-quarter profit declined from a year earlier amid the semiconductor shortage while promising better days ahead.

New orders for durable goods slid in September on declines in orders for transportation equipment, the U.S. Commerce Department said today.

Caterpillar Inc. today said third-quarter earnings soared as the maker of earthmovers, mining trucks and other heavy equipment saw increased sales.

In IIoT-based smart factory setups, AI-enabled digital assistants are linked into all assets and all data. It is this intelligence that takes the IIoT beyond data collection to predictions and decisions.