Design and production of tools, dies and molds are two important steps in the development of new components/products. These steps determine both the lead time (Time-To-Production/-Market) and the size of the investments required to start the production. The lead time for design and production of tools and dies for a new car body and injection molds for plastic components need to be reduced significantly. This paper deals with design, production and business models for 3D metal printing of stamping tools and dies for sheet metal components and injection molds for plastic components. The new possibilities provided by 3D metal printing, such as complex shapes, significant lead time reduction, improved material utilization, reduced weight, better cooling and shorter cycle time are addressed in this paper. Generative design including topology optimization and a couple of powder materials are tested and verified in industrial applications. The impact of 3D metal printing on the business models for the addressed tools/dies/molds are evaluated and described in this paper.