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Vehicle Sales Forecast to Slip in 2022

Global and U.S. vehicle sales will decline this year as a tight supply of semiconductors continues to hold down deliveries, consulting firm AlixPartners said today.

GM to Invest $491M at Indiana Stamping Plant

General Motors Co. said it will invest $491 million at its Marion, Ind., metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles.

Machine Tool Orders Decline in June

Machine tool orders slipped in June on both a monthly and year-over-year basis, AMT – The Association for Manufacturing Technology said today.