Durable Goods Orders Increase in May Based on Transportation June 24, 2021 New orders for manufactured durable goods in May increased $5.7 billion (2.3 percent) to $253.3 billion. The increase followed a 0.8 percent April decrease.
Absolute Machine Tools Earns Diamond Partner Status from Mitsubishi Electric Automation June 24, 2021 Absolute Machine Tools has earned the title of Diamond Partner Systems Integrator from Mitsubishi Electric Automation Inc. The partnership is expected to expand opportunities in robotics and automation for 0020both companies.
Felsomat USA to Host Innovation Day on June 10 June 7, 2021 Felsomat USA will host Innovation Day on June 10 at its U.S. headquarters in Schaumburg.
Auto Recovery From Chip Shortage May Be Long May 26, 2021 The auto industry’s recovery from a global semiconductor shortage may be long and require revamping supply chains, according to a report by the Deloitte consulting firm.
New Data Collection Technology Ensures Speed, Accuracy, Scalability and Security May 21, 2021 Roush Yates Engines explored ways to improve the accuracy, integrity and throughput of its measurement data, and decided to implement DataSure 4.0, a data acquisition solution developed by The L.S. Starrett Co.
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.
Mitsubishi Electric Shows Advanced Tech in Demonstration Vehicle May 6, 2021 Mitsubishi Electric Corp. announced Project Emerald Dove, a premium in-vehicle cabin experience using the latest and most powerful computing platform.
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.
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.