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Machine tool orders rose in May as the industry recovers from a two-year slump, the Association for Manufacturing Technology (McLean, VA) said in a monthly report.

Over the past decade, governments in North and South America, Europe, and Asia have enacted stricter fuel economy and emissions requirements.

Caterpillar Inc. (Peoria, IL), the maker of heavy equipment, reported its second-quarter earnings surged while automaker General Motors Co. (Detroit) reported its profit sagged.

Volvo Penta announced May 7 the commencement of a final assembly line for production of industrial versatile—or variable speed—diesel engines at its established engine factory in Lexington, TN. The move will improve customization of engine orders based on specific requirements and reduce delivery lead times for Volvo Penta’s growing customer base in the North American market.

US manufacturing strengthened in February, attaining its best level in 30 months, the Institute for Supply Management said today.

United States light vehicle sales have expanded for seven consecutive years—the longest uninterrupted market expansion since 1917.

Ford Motor Co. said it's working with 3M and GE Healthcare to increase the production of medical equipment because of the novel coronavirus (COVID-19).

Fiat Chrysler Automobiles announced additional actions to assist with COVID-19 efforts, including the production of protective face masks.

The auto industry’s constraint in introducing new models because of a labor shortage to make dies, molds, jigs, fixtures and other tooling will be the focus of a conference next month.

Worldwide light-vehicle sales are forecast to tumble 22 percent this year as the novel coronavirus (COVID-19) hits the global economy and depresses demand, IHS Markit said today.