WASHINGTON—Output at U.S. manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry. The 0.5 percent gain at factories, which make up 75 percent of overall industrial output, matched the prior month’s advance, marking the best back-to-back performance in three years, according to the Federal Reserve.
LEETONIA, OH—Humtown Products, a manufacturer of sand cores and molds, has installed a $1 million 3D sand printer at its factory here. The machine operates like 3D printers for resin, creating molds for metal casting by “printing” layers of fine sand.
AURORA, ON—Magna International Inc.—North America’s largest auto parts maker—said a border adjustment tax being studied by President Trump would probably hurt the automobile industry, while also increasing the odds that future factories will be located in the U.S.
DETROIT——General Motors' Chief Executive Mary Barra announced Monday that the company has agreed to sell its European manufacturing arm Opel to rival PSA Group, maker of Peugeot and Citron. The announcement prompted claims that GM has shied away from the region due to proposals by the new Trump administration to impose punitive tariffs on importers into the U.S. However, GM will continue to distribute its iconic Chevrolet and Cadillac brands in Europe and will be on the lookout for "future collaborations" in the region.
ALLENTOWN, PA——Process-gases-equipment manufacturer Air Products' spinoff company Versum Materials Inc. announced last Wednesday it is expanding its manufacturing operations in south Allentown and plans to add jobs.