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August 12, 2021

Sandvik to Acquire CAM Software Company Cambrio

The manufacturing economy cooled slightly in July while continuing to operate at a strong rate, the Institute for Supply Management said in a monthly report. The Tempe, Ariz.-based group’s manufacturing index, known as the PMI, was 59.5 percent last month. While softer than in recent months, the index was still well above the threshold of economic expansion.


General Motors Co. reported a quarterly profit as the Detroit-based automaker maintained output of high-profit trucks and SUVs despite a global shortage of semiconductors. The company also boosted its 2021 forecast. During 2020's second quarter, GM had a loss as the early months of COVID-19 pandemic caused plant shutdowns.



Renishaw, CCAT Join Forces

A Boeing Co. 737 Max was headed to China last week for a test flight, part of the process of getting the model certified again in that country, Bloomberg reported. Even after the test flight takes place, it may still take months before the 737 Max can resume commercial service in China, Bloomberg said. The 737 Max is one of Boeing's most important commercial aircraft models. It has resumed service in the U.S.


Manufacturing boosted employment by 27,000 jobs in July, with durable goods doing the heavy lifting. Job gainers included machinery, up 6,800 jobs, miscellaneous manufacturing, up 5,500, and fabricated metal parts, up 4,500. Transportation equipment, a major category, was down 1,500 jobs, although the motor vehicles and parts category was up 800.



Aerospace manufacturer Rolls-Royce plans to expand its facilities at Purdue University, West Lafayette, Ind. New test facilities will be used to develop high-altitude and hybrid-electric engines to power the next generation of U.S. military aircraft. Rolls-Royce West Lafayette will be developed through a multimillion-dollar investment from the research foundation, Purdue University and Rolls-Royce North America.


Organizers of the New York Auto Show – again – canceled the event, CBS New York said. Last year, it was COVID-19. This year, it was the Delta variant of the virus, CBS said. The organizers said plans call for the show to return in 2022. The virus has prompted the cancellation of various trade shows since early 2020.





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