ELKHART, IN—Diamond and carbide cutting tools manufacturer Peak Toolworks has opened its thirteenth United States location here.

OSAKA, Japan, and HELMOND, the Netherlands—Yanmar Holdings Co. Ltd. recently announced that it has acquired a majority share in ELEO Technologies B.V.

MOBILE, AL—Airbus reported that its profit in the first three months of 2022 more than tripled to $1.28 billion, helped by an increase in aircraft deliveries as airlines recover from the worst of the pandemic.

FORT WORTH, TX—Union members at Lockheed Martin’s assembly plant here have voted to ratify a new contract that includes wage hikes and improvements to retirement benefits. The facility produces the F-35 fighter.

INGERSOLL, ON—Construction to prep Canada’s first full-scale electric vehicle factory is underway at General Motors’ CAMI assembly plant here.

RACINE, WI—Unionized workers of tractor manufacturer CNH Industrial are striking after contract negotiations between the company and the union, United Auto Workers, broke down.

SHELBY TOWNSHIP, MI—Wire harness manufacturers must adhere to industry standards if the highest levels of quality are to be attained and maintained.

KARIYA, Japan—Automotive supplier DENSO Corp. and United Semiconductor Japan Co. Ltd. (USJC) have agreed to collaborate on the production of power semiconductors at USJC’s 300-millimeter fab to serve growing demand in the automotive market.

VIENNA—Researchers at the Technical University Wien (TU Wien) here have developed multiphysics software that can simulate the ability of dynamic beam lasers from Civan Advanced Technologies Ltd. to weld various materials.