U.S. Cutting Tool Orders Rise on Monthly Basis in February May 5, 2021 February 2021 U.S. cutting tool consumption totaled $149.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 3.3 percent from January's $144.8 million and down 17.1 percent when compared with the $180.3 million reported for February 2020.
Ford Posts Quarterly Profit After Year-Earlier Loss April 28, 2021 Ford Motor Co. today reported a first-quarter profit compared with a year-earlier loss. The automaker also forecast continuing issues with a computer chip shortage.
Boeing Posts Quarterly Loss, Sees 2021 as ‘Inflection Point’ April 28, 2021 Boeing Co. today reported a first-quarter loss while indicating results mostly improved from the same period in 2020. The Chicago-based aircraft maker also said this year may be the start of a comeback for aerospace.
Manufacturing Loses Jobs in April on Auto Layoffs May 7, 2021 Manufacturing lost 18,000 jobs last month as temporary layoffs in the auto industry related to a computer chip shortage took hold, according to Bureau of Labor Statistics figures.
GM Quarterly Profit Surges May 5, 2021 General Motors Co. said today its first-quarter profit rose sharply compared with a year earlier despite having to deal with a global shortage of computer chips.
Machine Tool Orders Surge in March, AMT Says May 10, 2021 Machine tool orders surged in March -- both on a monthly and year-over-year basis -- as manufacturing’s economic expansion continued.
ZEISS to Acquire Capture 3D May 11, 2021 ZEISS said it has agreed to acquire Capture 3D. Financial terms were not disclosed.
Caterpillar Profit Improves in First Quarter April 29, 2021 Caterpillar Inc., the maker of heavy equipment, today reported an increased quarterly profit as sales improved and dealers boosted their stock of Cat machinery.
3D Systems Announces Two Acquisitions May 11, 2021 3D Systems announced plans for acquisitions of two companies.
Mno-Bmadsen Acquires Walerko Tool and Engineering March 18, 2021 Mno-Bmadsen has acquired Walerko Tool and Engineering Corp. through its manufacturing investment vehicle Mno-DREK.