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U.S. Cutting Tool Orders Rise on Monthly Basis in February

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.

GM Quarterly Profit Surges

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.

AMUG Announces Keynote Speaker

Additive Manufacturing Users Group (AMUG) today announced that Jonathan M. Morris, M.D., director of the 3D Printing Anatomic Modeling Lab at Mayo Clinic, and Hans J. Langer, Ph.D., founder of EOS GmbH and chairman of EOS Group, will be featured at the AMUG Conference.

Eaton Says OEM Selects Its Tech for EV Platform

Eaton today said its eMobility business secured a contract to supply power distribution units (PDUs) and Bussmann series fuses to a global vehicle manufacturer for use in a new battery electric (BEV) light-duty commercial vehicle.