Ford Suspends Dividend, Taps Credit Lines Because of COVID-19 Pandemic March 19, 2020 Ford Motor Co. said today it’s suspending its stock dividend and tapping credits lines to ensure it has enough cash amid the outbreak of the coronavirus (COVID-19).
Coronavirus Impact on Auto Industry May Accelerate March 6, 2020 The impact of the coronavirus on the auto industry is on the cusp of accelerating, according to a Center for Automotive Research presentation today.
U.S. Companies Aim to Expand Production, Repair of Ventilators March 24, 2020 General Motors Co. and medical equipment maker Ventec are accelerating their partnership code to build ventilators at a GM plant in Kokomo, Indiana, to help combat the coronavirus outbreak, according to a Reuters report.
2019 U.S. Cutting Tool Orders Close at $2.4 Billion February 24, 2020 December 2019 U.S. cutting tool consumption totaled $187.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Manufacturing ‘Stepping Up’ to Combat COVID-19, NAM Says March 26, 2020 U.S. manufacturing is “stepping up” to produce medical products needed to treat cases of the novel coronavirus (COVID-19), the head of a major trade and lobbying group said today.
Durable Goods Orders Rise in February March 27, 2020 Durable goods orders rose in February before the novel coronavirus (COVID-19) began to hit the U.S. economy.
Barlow Named General Manager for ARCH Cutting Tools Rhode Island February 13, 2020 ARCH Cutting Tools announced that Brian Barlow has been named general manager, ARCH Cutting Tools Rhode Island, based in Smithfield. He is responsible for the overall business and production operations at the ARCH Cutting Tools Smithfield manufacturing facility.
Boring Tools Get Smart, Go Deep February 3, 2020 It’s said that holemaking is the most commonly performed of all machining operations. And it stands to reason that most of those holes must be reamed or most likely bored after drilling. For as long as machinists have been boring holes, however, they’ve struggled with a variety of problems.
Kennametal Announces Executive Leadership Changes February 3, 2020 Kennametal Inc. has announced two changes to its executive leadership team. These leadership moves are designed to drive profitable growth and continue to advance the company's strategy and transformation, according to a Kennametal statement.
Boeing Posts Quarterly, Full-Year Loss on 737 Max January 29, 2020 Boeing Co. today reported a fourth-quarter loss and its first full-year loss since 1997 as the financial impact of the 737 Max crisis expanded.
