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).
Tony Hemmelgarn, CEO, offers free subscriptions to learning memberships, limited time licenses in key software offerings for workers and students.
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.
Durable goods orders rose in February before the novel coronavirus (COVID-19) began to hit the U.S. economy.
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.
Fastems LLC has launched three new products to enable educational institutions and manufacturing enterprises to benefit from its advanced Digital Manufacturing (DM) solutions for factory automation. In addition to functioning as a classroom teaching and learning tool, DM enables companies to do training and testing before ramp-up and simulation during production.
The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.
Not far from Florida’s metropolitan areas lie rural communities with the space and workforce to support manufacturing leaders. From Walton County in the Panhandle to the Heartland Counties near Lake Okeechobee, the state’s rural regions present a unique mix of resources for the manufacturing industry.
Cobots, like other robot equipment, started in material handling applications. However, this year, Universal Robots is introducing welding applications and other heavy duty metal fabrication.
Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
