Ive never seen one of those b4.
Nor are you likely to again. It's what's known as a purpose built machine. Strictly a "one of a kind". Its sole function is to produce float wires of various sizes and styles for gas tanks.
What do you make with the wire ?
It's pretty self-explanatory if you think about it. A gas tank need a gas gauge. A gas gauge needs a sensor and a float. There needs to be something to connect the float and the sensor. Hence the float wire. They get surprisingly complex and need to be quite accurate or the gas gauge isn't accurate. If you're in the gas tank business, this is only second to a leak.
Just to be clear, I don't make tanks, I'm a tool & die shop. I build solutions for manufacturing customers.
Regards,
Walt