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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.

Boeing Extends Retirement Age for CEO

Boeing said its Board of Directors has extended the company's age-65 standard retirement to age 70 for CEO David L. Calhoun. Calhoun, 64, has been the company's chief since January 2020.

Machine Tool Orders Surge in May

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

3D Systems Announces Expansion

3D Systems announced an expansion in Denver to support its health care solutions business and expand application development capabilities for its Application Innovation Group.

GE, GMIS to Explore Benefits of Digitization

GE and the Global Manufacturing and Industrialisation Summit (GMIS) have announced a partnership to explore the role of digitization, lean manufacturing, and workplace safety to support the transformation of manufacturing and economic regeneration.