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Marposs Contributes to Award Winner

Marposs said its Artis CTM Tool and Process Monitoring System has played a role in a 2020 Henry Ford Technology Award (HFTA) winning program focused on Torque Monitoring of Gear Machining Processes.

Nexteer Expands Portfolio for EVs

Nexteer Automotive said it is expanding its Driveline portfolio with new Halfshaft technologies that are tailored to meet the unique demands of electric vehicles (EVs).

Caterpillar Profit Rises Despite Lower Revenue

Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.

Industrial M&A Falls in 2019

Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.

Boeing Throws Up the White Flag on 737 Max

Boeing Co., which had wanted to return the 737 Max to service this month, threw up the surrender flag on Dec. 16. The company said it will suspend 737 Max production in January.