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Cutting Tool Orders Total $173.2M in July

July 2022 U.S. cutting tool consumption totaled $173.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

GM to Invest $491M at Indiana Stamping Plant

General Motors Co. said it will invest $491 million at its Marion, Ind., metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles.

Manufacturing Softens in September

The manufacturing economy softened in September and may soon shift to contraction, the Institute for Supply Management said today.

GM Quarterly Profit Rises

General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.

Ford Returns to Formula One

Ford Motor Co. said it is returning to the international Formula One race circuit starting in 2026.