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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

Toolholding: Built for Speed

The evolution to high speed machining (HSM) is continuing and toolholders are playing a crucial role in that process, which includes the interlinking of machining center, programming, high-speed spindles, advanced cutting tools, balancing, and high-performance toolholders in order for shops to take full advantage of HSM.

GM Quarterly Profit Surges

General Motors Co. said today its first-quarter profit rose sharply compared with a year earlier despite having to deal with a global shortage of computer chips.

Eaton Says OEM Selects Its Tech for EV Platform

Eaton today said its eMobility business secured a contract to supply power distribution units (PDUs) and Bussmann series fuses to a global vehicle manufacturer for use in a new battery electric (BEV) light-duty commercial vehicle.

Eaton Introduces Next-Generation Valves

Power management company Eaton today announced its Vehicle Group has introduced its next-generation sodium-filled hollow-head valves, which improve fuel economy, reduce emissions and increase performance in gas-powered engines.

Lightning eMotors Introduces New Model

Lightning eMotors, a provider of commercial electric vehicles for fleets, today announced the debut of a new model of its Class 3 Lightning Electric Transit Van.