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Hardinge Acquires Ohio Tool Works

Hardinge Inc. has acquired Ohio Tool Works, LLC. Hardinge said the deal will enhance its machine tool and workholding portfolio.

Getting Back to Sort-Of Normal

With vaccinations on the rise, the in-person collaboration that is still essential to doing business, including trade shows, is growing. But challenges to recovery from the pandemic remain. Global supply chains are struggling with multiple disruptions. Shipping rates are historically high. Computer chip shortages are curbing output.

Drive for EVs Challenges Auto Industry as Never Before

Automakers during this decade face a big challenge. They are having to invest in electric vehicles. But EVs, at least for now, won’t generate the profits of conventional vehicles, according to an annual report by consulting firm AlixPartners.