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November 3, 2021

Sandvik to Acquire CAM Software Company Cambrio

Digitized and automated manufacturing is making strides in the world of medical manufacturing, writes Contributing Editor Geoff Giordano. "In a broad sense, health care trends—aging populations, the drive to more remote diagnostics and therapies outside the expensive hospital environment, more personalized therapies—are driving medical device development."


Ford Motor Co. said its third-quarter profit declined from a year earlier amid the semiconductor shortage while promising better days ahead. Ford, like other automakers, is dealing with computer chip shortages. The shortages have spurred automakers to implement temporary plant cutbacks and reduce production. The company said it was reinstituting its quarterly stock dividend.

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New orders for durable goods slid in September on declines in orders for transportation equipment, the U.S. Commerce Department said last week. Orders declined 0.4 percent to $261.3 billion, according to a monthly report. The fall came after four monthly gains, including an adjusted 1.3 percent increase in August.

How to improve EV's

General Motors Co. reported lower third-quarter earnings as the global semiconductor shortage continued to affect vehicle production. Despite the earnings drop, GM said it expects full-year earnings to reach the high end of its previous forecast of adjusted earnings before interest and taxes of $11.5 billion to $13.5 billion. “We’re still selling every vehicle we can make," CEO Mary Barra said in an interview televised by CNBC.


Caterpillar Inc. said third-quarter earnings soared as the maker of earthmovers, mining trucks and other heavy equipment saw increased sales. The company said sales jumped across its three major product segments and across all regions. Caterpillar, which operates globally, is a barometer of how manufacturing is doing generally.


Automakers and their suppliers plan to invest billions of dollars in electric vehicles. According to INFICON, some manufacturers are finding that they can save considerable time and money by recycling equipment previously used to produce parts for internal-combustion vehicles in making electric vehicle-related components.



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