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.
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.
Legal Insights for the Metals Industry April 15, 2021 Two attorneys explain why a strong sales contract is a necessity in the metals industry.
AMUG Announces Keynote Speaker April 8, 2021 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.
Italian Machine Tool Orders Start to Grow April 20, 2021 In the first quarter 2021: again (+48.6%), domestic orders +157.9%, foreign orders +30.5%
Eaton Says OEM Selects Its Tech for EV Platform April 6, 2021 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.