Ford Says Things Will Get Worse in Second Quarter
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May 6, 2020

Advanced Manufacturing Now Newsletter
Manufacturing in April Contracts at Fastest Rate in 11 Years

Manufacturing in April Contracts at Fastest Rate in 11 Years

Manufacturing last month contracted at the fastest rate since April 2009 as the novel coronavirus (COVID-19) walloped the economy, the Institute for Supply Management said. The Tempe, Ariz.-based group’s manufacturing index, known as the PMI, nosedived to 41.5 percent, down from 49.1 percent in March. Parts of the PMI showed even more dramatic declines.

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Renishaw

 

Pivot to Medical Poses Security Challenges for Manufacturers

Pivot to Medical Poses Security Challenges for Manufacturers


As some manufacturers pivot to making in-demand medical supplies, devices and equipment, they face new cyber security challenges. Hackers stand ready to exploit any vulnerability. To succeed in the medical sector, manufacturers need to look closely at risks, adopt additional best practices and consider working with a trusted advisor already working in medical arena.

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Boeing Burns Through More Than $4 Billion in Cash While Posting 1Q Loss

Boeing Burns Through More Than $4 Billion in Cash While Posting 1Q Loss


Boeing Co. reported a $641 million first-quarter loss as the 737 Max aircraft remained grounded and the novel coronavirus (COVID-19) slashed demand for the company’s aircraft. The Chicago-based company also said it burned through $4.3 billion during the quarter. Boeing's deliveries of commercial aircraft during the quarter...

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Olympus DSX1000 Digital Microscope Offers Advanced Tools for Faster Analysis

Olympus DSX1000 Digital Microscope Offers Advanced Tools for Faster Analysis

The new DSX1000 digital microscope combines the quality of renowned Olympus optics with the ease of use of digital technologies. Measure and observe a variety of materials with guaranteed* high- and low‑magnification accuracy and precision using a single instrument.

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Webinars

Why You Need a Digital Twin Now

Why You Need a Digital Twin Now

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Grinding Process Development & Optimization

Grinding Process Development & Optimization

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Incorporating Metal Additive Manufacturing in Your Production

Incorporating Metal Additive Manufacturing in Your Production

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SME Alerts

Ford Motor Says Second-Quarter Loss Will Exceed First-Quarter Deficit

Ford Motor Says Second-Quarter Loss Will Exceed First-Quarter Deficit


Ford Motor Co. said that its second-quarter loss will widen to more than $5 billion before interest and taxes as the automaker seeks to recover from the novel coronavirus (COVID-19). The Dearborn, Mich.-based automaker posted a first-quarter deficit of $632 million before interest and taxes. The company reported a net loss of $1.99 billion, or 50 cents a share. That compares with a first-quarter 2019 profit of $1.15 billion, or 29 cents a share.

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Boeing Raises $25 Billion in Debt Sale, Won't Seek U.S. Aid

Boeing Raises $25 Billion in Debt Sale, Won't Seek U.S. Aid


Boeing Co. sold $25 billion in corporate bonds after initially planning to sell $10 billion to $15 billion, Reuters reported. The company said in a statement that "we do not plan to seek additional funding through the capital markets or the U.S. government options at this time," according to the news service. Boeing added: "We will continue to assess our liquidity position as the health crisis and our dynamic business environment evolve.” Boeing's sale was the sixth-largest...

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Carr Lane Manufacturing

 

Resources

Intelligent, Cabinet-Free Technology from Bosch Rexroth

[White Paper]

Intelligent, Cabinet-Free Technology from Bosch Rexroth

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How Kawasaki Optimized Production with 3D Printed Tooling

[Case Study]

How Kawasaki Optimized Production with 3D Printed Tooling

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Design Better Robot Work Cells with Visual Components

[eBook]

Design Better Robot Work Cells with Visual Components

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Caterpillar Profit Falls on Lower Demand for Heavy Equipment

Caterpillar Profit Falls on Lower Demand for Heavy Equipment


Caterpillar Inc., the maker of mining trucks and other heavy equipment, posted a lower first-quarter profit after demand fell off as the global economy was hit by COVID-19. About 75 percent of Caterpillar factories remained open during the coronavirus outbreak. Some plants that had been closed have reopened.

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Nissan to Retrench, Will Focus on U.S., China, Japan

Nissan to Retrench, Will Focus on U.S., China, Japan


Nissan Motor Co. intends to pull back from regions, including Europe, to concentrate on the U.S., China and Japan, Reuters reported, citing people familiar with the plan. Nissan is scheduled to announce details of an "operational performance plan" on May 28. "Nissan aims to restore dealer ties and refresh lineups to regain pricing power and...

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Increase Productivity with Zero Point Mounting Systems

Increase Productivity with Zero Point Mounting Systems

SPEEDY connect is a pneumatically actuated zero point clamping system used in modular and flexible robotic welding lines for vehicle construction. They are fast closing clamps made of high-quality tool steel and require very low space requirements due to compact external dimensions. The system is clamped mechanically and is positively locked using springs, and there are the two pneumatic connections for releasing and boosting.

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Free Webinar May 28: How to Maintain World-class Measurement Performance

Free Webinar May 28: How to Maintain World-class Measurement Performance

Vaisala will be hosting a hosting a free webinar to review the key success factors for maintaining world-class measurement performance for your instruments.
The webinar will answer the following questions:

  • What is the best way to ensure measurement quality?
  • How does measurement quality affect my operations?
  • How can innovations in the latest generation of instruments make maintenance easier?

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Podcasts


Marketing Automation for Manufacturers

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Connected Workers Keep Operations Moving During COVID-19

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