Caterpillar Profit Rises Despite Lower Revenue January 31, 2020 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.
Boeing Throws Up the White Flag on 737 Max December 17, 2019 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.
Fives DyAG Opens New Center of Competency for Controls Engineering December 18, 2019 At a grand opening ceremony on Nov. 5, Fives DyAG Corp. (Smart Automation Solutions Division) celebrated the inauguration of its new center of competency for controls engineering in Greenville, South Carolina.
3D Systems Announces Expansion May 4, 2021 3D Systems announced an expansion in Denver to support its health care solutions business and expand application development capabilities for its Application Innovation Group.
Mitsubishi Electric Shows Advanced Tech in Demonstration Vehicle May 6, 2021 Mitsubishi Electric Corp. announced Project Emerald Dove, a premium in-vehicle cabin experience using the latest and most powerful computing platform.
Stratasys, DyeMansion Form Alliance May 3, 2021 Stratasys Ltd. and DyeMansion, announced a strategic alliance to create the first reference architecture for production scale additive manufacturing.
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.
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.
