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Boeing Co. today reported a record annual loss of almost $12 billion as it dealt with the 737 Max crisis and a slump in demand for air travel.

New orders for durable goods rose 3.4 percent last month, paced by transportation equipment, the Commerce Department said today.

The Shyft Group, a specialty vehicle maker plans to hire new manufacturing employees at its Charlotte, Mich., campus.

ARCH Global Precision said it has acquired LISI Medical Jeropa Inc.

LIFT recently expanded the focus of its desire to “create innovations faster, better and cheaper” to the materials, processes and systems involved in moving innovations from concept to commercialization.

Tesla and the march to all-electric cars and trucks may get most of the press. But the reality is that most U.S. automakers need to tackle the twin challenges of building both new components unique to electric vehicles while also building internal combustion engines (ICEs) that are ever-more fuel efficient.

The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.

Supply chains are creating cybersecurity risks for companies, according to a security services firm report.

Betting that the worst of the pandemic will be over and travel restrictions lifted, the 2021 edition the machine tool exhibition is putting out the welcome mat to the world.

Xometry, an on-demand manufacturing marketplace, announced that it has completed an $75 million equity round, led by funds and accounts advised by T. Rowe Price Associates Inc. Durable Capital Partners LP and ArrowMark Partners.