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Motorized Vehicles clear

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.

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.

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.

CERATIZIT Introduces New Tool

CERATIZIT said it has developed a combination tool for heavy goods vehicle (HGV) freeze plug/water plug boring.

Lear Selected by GM for EV Unit

Lear Corp. said it has been selected by General Motors to exclusively supply the Battery Disconnect Unit (BDU) on all full-size SUVs and trucks built on the automaker’s Ultium EV Platform through 2030.

Good News for Smaller Manufacturers

Larger manufacturing enterprises have benefitted from smart-manufacturing innovations while smaller manufacturers have lagged behind—but that is changing.