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June 2022 U.S. cutting tool consumption totaled $175.9 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 0.3% from May’s $175.4 million and up 2.2% when compared with the $172.1 million reported for June 2021.

S&P Global Mobility, a division of S&P Global, announced it has hired journalist, analyst, and editor Mark Rechtin for the newly created role of executive director and executive editor.

Trumpf Inc. named a new chief financial officer.

Manufacturers are grappling with inflation, supply chain kinks, and labor shortages to rebuild the domestic arsenal.

Improved additive manufacturing (AM) processes used for tooling and sandcasting molds and cores are shortening design and manufacturing lead times from months to weeks.

A professor, who visited IMTS in September, discusses trends in machine tools.

Lear Corp. said it has been selected by General Motors to exclusively supply the Battery Disconnect Unit (BDU) on all full-size SUVs and trucks built on the automaker’s Ultium EV Platform through 2030.

Ford Motor Co. today reported a quarterly loss on a writedown of its investment in self-driving company Argo AI.

The automotive industry is in transition, but perhaps not the type of transition that many analysts, forecasters, and company executives expected.

Fast Radius Inc., a cloud manufacturing and digital supply chain company, and ECP Environmental Growth Opportunities Corp. have entered into a definitive agreement that will result in Fast Radius becoming a publicly-listed company.