Machine tool, comprising a workpiece carrier assembly (11) including a workpiece carrier (12), said workpiece carrier assembly (11) being supported on a workpiece carrier support (1) for horizontal movement in a first direction in parallel with a horizontal Z axis; a first tool carrier (21), supported on a tool carrier support (2) for horizontal movement in a second direction, said first tool carrier (21) being displaceable in said second direction between an operative position in which said first tool carrier (21) is facing said workpiece carrier assembly (11), and an inoperative position in which said first tool carrier (21) is not facing the workpiece carrier assembly (11). The invention also relates to a method of machining a connecting rod using the machine tool.