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Caterpillar Profit Slips Due to Pandemic

Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.

Honda Adopts Virtual Training

Honda Motor Co. this week began production of the 2022 Acura MDX. The company is using virtual reality, in combination with traditional training, to get output up to speed.

Desktop Metal to Acquire EnvisionTEC

Desktop Metal, Inc. said it agreed to acquire EnvisionTEC, a provider of volume production photopolymer 3D printing solutions for end-use parts, for total consideration of $300 million.

Fuji Introduces Multitasking Machine

Fuji Machine has introduced its GYROFLEX Ultimate Multitasking Machine. According to Fuji, the GYROFLEX offers the flexibility to meet a variety of production demands, from low production volume and parts prototyping to high-volume and high-mixed production.