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February 2, 2022

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General Motors Co. announced it would invest $7 billion at four manufacturing as part of its push to develop electric vehicles, the Detroit Free Press said. Plans include building a new EV battery plant.

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New orders for durable goods fell in December on decreases in orders for commercial and defense aircraft, the U.S. Commerce Department reported. Orders slid 0.9 percent for the month to $267.6 billion. That followed two consecutive monthly increases.

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 Caterpillar Inc. reported an improved fourth-quarter profit as revenue increased and demand rose for the company’s heavy equipment. Deerfield, Illinois-based Caterpillar reported a quarterly profit of $2.12 billion, or $3.91 a share. That compares with a fourth-quarter 2020 profit of $780 million, or $1.42. Revenue for the quarter rose to $13.8 billion from $11.2 billion a year earlier.

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Allied Machine and Engineering, a manufacturer of holemaking and finishing cutting tools for the metal-cutting industry, has donated various boring bars and inserts to be used with a 1954 Wohlhaupter boring head on the USS Pampanito restoration project.

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The pandemic, climate change, and geopolitics are driving global manufacturing executives to focus even more than before on a twin transformation: smart digitization and a focus on environmental, social and governance, according to KPMG.

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Methods Machine Tools, Inc., a supplier of high-quality machine tools and automation systems in North America, began representing select Weiler products in North America effective Jan. 1.

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Southfield, MI 48075

313.425.3000

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