Keyword: manufacturing

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  • VT Industries investing $21 million in hometown (60 new manufacturing jobs in Iowa)

    03/27/2017 1:16:17 AM PDT · by 2ndDivisionVet · 2 replies
    The Sioux City Journal ^ | March 26, 2017 | Ty Rushing
    HOLSTEIN, Iowa -- With demand for its architectural doors surging, VT Industries officials explored potential expansion sites last year. The company turned to the small Northwest Iowa city where the third-generation business got its start more than 50 years ago and continues to flourish. “We looked around the country to decide where we were going to either start up a new plant or add on to one of our existing plants and we really felt like with our workforce here and how well everything’s running here we wanted to keep the facility here in Holstein and expand upon it," said...
  • Opinion: How the U.S. could bring back up to half the manufacturing jobs that moved overseas

    03/25/2017 4:29:09 PM PDT · by 2ndDivisionVet · 6 replies
    Market Watch ^ | March 10, 2017 | Harry Moser and Sandy Montalbano
    For decades, U.S. companies have been chasing cheap labor offshore and then importing products to sell in the U.S. market. Now, Trumponomics, a broader focus on Total Cost of Ownership (TCO quantifies all relevant costs, risks and strategic factors) and advanced manufacturing together have the potential to end the manufacturing stagnation of the past 30 years and create millions of manufacturing jobs in the U.S. Over the past 20 years, the boom in offshoring drove our goods trade deficit up by about $640 billion a year, costing us three to four million manufacturing jobs....
  • Gun Manufacturer Colt To Add 100 Jobs, Buy West Hartford Headquarters (Connecticut)

    03/25/2017 3:49:43 PM PDT · by 2ndDivisionVet · 18 replies
    The Hartford Courant ^ | March 24, 2017 | Stephen Singer
    Colt's Manufacturing Co., the gun maker that emerged from bankruptcy last year, is purchasing its West Hartford headquarters and manufacturing plant as part of a $23 million investment in Connecticut, Gov. Dannel P. Malloy said Friday. Colt's intends to keep its workforce of 600 workers and create 100 jobs over five years, Malloy said. The state Department of Economic and Community Development is providing a $10 million loan, with as much as $2 million forgiven if Colt's meets job milestones. The manufacturing facility and the land have a price of $13 million. Colt's, which sells guns to the military, police...
  • Gummy Bear Giant Haribo Is Going to Open Its First U.S. Factory

    03/24/2017 5:10:52 AM PDT · by 1rudeboy · 23 replies
    Fortune ^ | March 24, 2017 | Reuters
    German candymaker Haribo, famous for its fruit-flavored gummy bears, plans to build its first production facility in the United States and start making confectionery there from 2020. Family-owned Haribo, which employs 7,000 people worldwide at 16 sites in ten countries, said on Thursday it has decided to acquire property in Wisconsin for the factory. Haribo, a model of Germany's successful "Mittelstand" firms which make up the backbone of Europe's largest economy, was founded in 1920. It gave Germany one of its most famous advertising slogans, promising to make kids and adults happy.
  • G20 drops anti-protectionist pledge

    03/18/2017 8:26:56 AM PDT · by mandaladon · 14 replies
    BBC ^ | 18 Mar 2017
    Finance ministers from world's biggest economies drop anti-protectionist commitment because of opposition from US
  • US factory production rose for 6th straight time in February

    03/17/2017 7:43:09 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Mar 17, 2017 9:34 AM EDT | Christopher S. Rugaber
    U.S. factories cranked out more autos, steel and computers in February, the sixth straight monthly increase in manufacturing output. Factory production rose a seasonally adjusted 0.5 percent last month from January, the Federal Reserve said Friday. That followed another 0.5 percent gain the previous month. Factories are benefiting from greater consumer and business optimism since last falls presidential election. Companies are spending more on big-ticket items such as industrial machinery, and Americans are buying cars at near-record levels. Overseas growth has spurred more exports. Mining output rose 2.7 percent in February, spurred partly by more oil and gas drilling. Utility...
  • Alkane Truck Company to Establish Assembly Operations Across North America

    03/14/2017 7:08:30 PM PDT · by 2ndDivisionVet · 20 replies
    PR Web ^ | March 14, 2017 | Miguel H. Pea and Pedro Flores
    Myrtle Beach, South Carolina (PRWEB) March 14, 2017 - Alkane Truck Company, the South Carolina-based assembler of alternative fuel vehicles, has announced it will establish more than a dozen assembly facilities in the USA, Canada and Mexico over the next 36 months. Alkane is coordinating with economic development offices across North America to identify potential business partners interested in becoming contract assemblers. We will provide training for their employees and deliver all components required to assemble Alkane vehicles for direct shipment to our existing and ever-expanding dealership network," says Bob Smith, CEO of Alkane Truck Company. "These business partners will...
  • BMW supplier Gestamp to add 130 jobs in Union (South Carolina)

    03/11/2017 3:54:18 PM PST · by 2ndDivisionVet · 7 replies
    The Spartanburg Herald-Journal ^ | March 8, 2017 | Bob Montgomery
    BMW supplier Gestamp North America announced Wednesday it will invest $129 million and boost its workforce by a third with 130 jobs new jobs in an expansion of its Union County facility. The growth is needed to meet an increased demand in business from the automotive industry, S.C. Gov. Henry McMaster said in a statement. We are very excited about this project, our partnership and the confidence they have in our community, Union County Supervisor Frank Hart stated. This major industrial expansion is a testament to the fact that Union County is a great place to locate, operate and expand...
  • First Full Jobs Data Under Trump -- Where The Jobs Were: Manufacturing, Construction Workers Soar

    03/10/2017 11:09:20 AM PST · by SeekAndFind · 5 replies
    Zero Hedge ^ | 03/10/2017
    There has been a distinct shift in the composition of job gains in the first full job report under Donald Trump: whereas in the recent past, jobs under Obama were mainly focused in low-paying, minimum-wage categories, such as retail, hospitality, education and, of course, food service and drinking places, in February there was a notable change with some of Trump's favorite sectors, such as manufacturing and construction posting dramatic gains.While all sectors of the economy, with the exception of retail and utilities, expanded payrolls in February, it was the jump in manufacturing employment, which increased 28,000, and the largest...
  • Brown to highlight countrys infrastructure projects in Cincinnati

    03/07/2017 7:43:31 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Hamilton Journal-News ^ | Feburary 13, 2017 | Michael Pitman and Ed Richter
    CINCINNATI - U.S. Sen. Sherrod Brown, D-Ohio, will highlight in downtown Cincinnati this morning key infrastruture projects, such as the Brent Spence Bridge, as he outlines a framework to rebuild and repair the countrys infrastructure which will create millions of construction jobs. The northern Ohio Senator will be joined by Cincinnati Mayor John Cranley, Port of Greater Cincinnati Development Authority President and CEO Laura Brunner, and OKI Regional Council of Governments Deputy Executive DirectorRobert Koehler. President Donald Trump previously promised $1 trillion of investment in American infrastructure during his campaign. Brown joined Senate colleagues to release a roadmap for making...
  • UK manufacturers enjoy post-Brexit surge in orders: survey

    03/06/2017 7:23:44 PM PST · by Olog-hai · 2 replies
    Reuters ^ | Sun Mar 5, 2017 | 7:28pm EST | William Schomberg
    Britains factories are growing at their fastest pace in more than three years, helped by the fall in the value of the pound after the Brexit vote and a recovery in core markets in Europe, a survey showed on Monday. The survey, by manufacturing lobby group EEF and consultancy BDO, added to signs that British factories are enjoying a growth spurt, something that Brexit supporters said would be one of the early benefits of leaving the European Union. [] The post-referendum wobble that defined UK manufacturings performance in the second half of 2016 has been left firmly behind with manufacturers...
  • Butler County manufacturing firm adding 220 new jobs (Georgia)

    03/06/2017 9:55:06 AM PST · by 2ndDivisionVet · 8 replies
    The Journal-News ^ | March 6, 2017 | Eric Schwartzberg
    WEST CHESTER TWP. A Butler County-based contract manufacturing firm plans to create about 220 jobs in the coming 18 months. The move by TSS Technologies will more than double the companys workforce, which is divided between a West Chester-based assembly facility and a Woodlawn-based machining facility, according to Dennis Ross, the firms director of talent acquisition. Of the 220 positions the company is looking to add, about 180 will be hourly positions and the remaining 40 will be salaried engineering positions, Ross said. TSS Technologies supports supporting custom automation companies, systems integration and engineering, machining and contract manufacturing, he said....
  • When Factory Jobs Vanish, Men Become Less Desirable Partners

    03/03/2017 5:49:30 PM PST · by Az Joe · 54 replies
    The Atlantic ^ | 3-317 | Alana Semuels
    In many small towns across the country, there arent very many good jobs these days. Once there were factories that employed millions and paid decent wages. Today, young men are scraping by working at local bars or in lower-paid temp jobs. Many of these men are single, and new research suggests that those two thingstheir poor economic status and their singlenessare not unrelated.
  • China's 'glass king' to complete U.S. expansion despite Trump tensions (4,500 jobs)

    02/28/2017 12:59:06 AM PST · by 2ndDivisionVet · 6 replies
    Today ^ | February 28, 2017 | Reuters
    HONG KONG - China's largest auto glass manufacturer, Fuyao Glass Industry Group <600660.SS>, will press ahead with investments worth about $1 billion in the United States this year despite criticism at home amid growing China-U.S. tensions, the company's chairman said. The company also expects to invest a further $130 million in Germany and Russia this year as it looks to tap into more high-end overseas markets, Cao Dewang told Reuters in an interview in Hong Kong on Monday. Cao, whose company is already the biggest investor in Ohio, said he planned to create about 4,500 jobs by setting-up plants in...
  • Must love heavy metal: Local manufacturers feeling that worker shortage too (Minnesota)

    02/26/2017 6:22:35 PM PST · by 2ndDivisionVet · 33 replies
    The Detroit Lakes Tribune ^ | February 26, 2017 | Kaysey Price
    When BTD employee, Derrick Cariveau extends a hand to introduce himself mid-shift, his palms are a little dirty, and he talks a little louder to make sure his voice carries over the noise of welding robots. The faint smell of welding smoke and coolant is detectable in the airit's a shop where work gets done, but it's far from the sweatshop some may think when they hear "manufacturing." Safety is always put first, and the reality is that with robots breaking intoand reshapingthe manufacturing industry, a lot of the heavy lifting is being taken care of by robotic hands rather...
  • Hasbro to Make Play-Doh American Again

    02/26/2017 2:52:33 AM PST · by GonzoII · 41 replies
    FOX ^ | February 25, 2017 | Paul Ziobro
    Play-Doh will soon be squeezed out of a factory in the U.S. again, as Hasbro Inc. brings manufacturing of the popular moldable clay back to America for the first time in years. Hasbro said it is working with a manufacturing partner to make Play-Doh at a facility in East Longmeadow, Mass., starting in the second half of 2018. Although the preschool clay was invented in Cincinnati in the 1950s, it hasn't been made in the U.S. since 2004.
  • Dow Chemical CEO: 'This Is Probably the Most Pro-Business Administration Since the Founding Fathers'

    02/23/2017 4:45:32 PM PST · by ForYourChildren · 26 replies
    CNS News ^ | 02/23/2017 | Melanie Arter
    Dow Chemical CEO Andrew Liveris, one of 24 CEOs of the nation's largest manufacturing companies who met with President Donald Trump at the White House on Thursday, said they were "encouraged by the pro-business policies" of the administration, adding that "this is probably the most pro-business administration since the Founding Fathers." "We in the manufacturing sectorare very encouraged by the pro-business policies of President Trump and his cabinet. Some of us have said that this is probably the most pro-business administration since the Founding Fathers. There is no question that the language of business is occurring here at the White...
  • Boeing workers in South Carolina reject move to unionize

    02/15/2017 6:10:31 PM PST · by jazusamo · 26 replies
    The Washington Times ^ | February 15, 2017 | Meg Kinnard & Emery P. Dalesio - AP
    NORTH CHARLESTON, S.C. Nearly 3,000 production workers at Boeings South Carolina plant have voted not to join the Machinists, maintaining southern reluctance toward unionization. Were disappointed the workers at Boeing South Carolina will not yet have the opportunity to see all the benefits that come with union representation said IAM lead organizer Mike Evans said in a statement. But more than anything, we are disheartened they will have to continue to work under a system that suppresses wages, fosters inconsistency and awards only a chosen few. The first round of voting began early Wednesday. A second round was set...
  • 'Made in the USA' is a tough promise for luxury brands to make

    02/14/2017 5:07:45 PM PST · by 2ndDivisionVet · 7 replies
    CNBC ^ | February 14, 2017 | Krystina Gustafson
    Standing in the lobby of New York City's Trump Tower last month, LVMH CEO Bernard Arnault told reporters that the Louis Vuitton brand will expand its manufacturing in the U.S., potentially setting up a factory in the Carolinas or Texas. Yet even as President Donald Trump pressures other businesses to ramp up their American-based production, experts agree that the "Made in the USA" movement is unlikely to take hold in the luxury sector anytime soon. Designer labels face several major headwinds when it comes to producing goods here, including inadequate infrastructure and a shortage of raw materials. "You've got so...
  • Italy Inc bets on expansion in the US (More jobs, more winning!)

    02/14/2017 4:14:05 PM PST · by 2ndDivisionVet · 12 replies
    ItalyEurope24 ^ | February 15, 2017 | Marco Valsania
    The climate isn't the easiest. Economic uncertainty and political unknowns abound on both sides of the Atlantic. In the US with the new administration of Donald Trump and its protectionist and isolationist tone. And in Europe, rocked by Brexit and anxiously awaiting elections in nations that are key to the future the Union. But most of all for Italy Inc, whose companies are determinedly betting on their own excellence despite their often niche positions. Confronted with uncertainty, they must focus on attracting international investment and on expanding their presence in the US with acquisitions and growth on US soil. This...
  • Company bringing 130 jobs to Ridgeville (Company from India in South Carolina)

    02/11/2017 5:18:50 PM PST · by 2ndDivisionVet · 9 replies
    The Times and Democrat ^ | February 10, 2017
    COLUMBIA Sundaram-Clayton Limited (SCL), a leading Indian manufacturer and supplier of aluminum cast products to global automotive original equipment manufacturers, announced Thursday that it will be launching its first U.S. manufacturing operations in Dorchester County. By investing $50 million, the company is expecting to create 130 new jobs over the next five years....
  • Intel tells Trump it will spend $7 billion to open idle factory in Arizona (3,000 jobs)

    02/08/2017 12:14:21 PM PST · by 2ndDivisionVet · 28 replies
    The Oregonian ^ | February 8, 2017 | Mike Rogoway
    Intel chief executive Brian Krzanich used a surprise Oval Office appearance Wednesday to announce a $7 billion investment in an Arizona factory that has sat empty since construction wrapped up three years ago. The chipmaker said the factory, called Fab 42, will employ 3,000 when it opens in 2020 or 2021 - nearly a decade behind schedule. The news suggests Intel is making progress in deploying a new production technology, called extreme ultraviolet (EUV), which will enable smaller features on its microprocessors....
  • Why All Protectionists Are Essentially Luddites

    02/07/2017 4:56:55 AM PST · by Tolerance Sucks Rocks · 169 replies
    Foundation for Economic Education ^ | January 24, 2017 | Donald J. Boudreaux
    Its well-known among people who bother to learn the facts that U.S. manufacturing output continues to rise despite the reality that the number of Americans employed in jobs classified as being in the manufacturing sector peaked in June 1977 and has fallen, with very few interruptions, ever since.Nevertheless, some people for example, the Economic Policy Institutes Robert Scott continue to insist that the loss of manufacturing jobs in the U.S. is largely due to increased American trade with non-Americans. Other studies find empirical evidence that labor-saving innovation rather than trade is overwhelmingly responsible for the loss of manufacturing...
  • U.S. Gained 5,000 Manufacturing Jobs in January, Lost 10,000 Government Jobs

    02/03/2017 7:17:57 AM PST · by GonzoII · 24 replies
    CNS ^ | February 3, 2017 | By Terence P. Jeffrey
    (CNSNews.com) - The United States gained 5,000 jobs in manufacturing in January while losing 10,000 in government, according to numbers released today by the Bureau of Labor Statistics. In December, jobs in government in the United States outnumbered jobs in manufacturing by 9,950,000. In January, the margin dropped to 9,935,000.
  • Harley-Davidson Workers Ride Into Washington to Meet Trump

    02/02/2017 5:15:15 PM PST · by 2ndDivisionVet · 5 replies
    WMAQ-TV ^ | February 2, 2017 | Tom Schuba
    After a meeting in Milwaukee was abruptly canceled, President Donald Trump met Thursday with a group of Harley-Davidson employees, who arrived at the White House on a fleet of motorcycles. Trump was planning to meet Thursday with Harley-Davidson executives at a Milwaukee factory, but the company reportedly pulled out earlier this week, fearing protests. During Thursdays meeting, Trump lauded Harley-Davidson as a "true American icon, thanking the steel workers and machinists who traveled to Washington for the meeting. In this administration our allegiance will be to the American workers and to American businesses, like Harley-Davidson, Trump told reporters....
  • Trump's point man on trade: 'We envision a more Germany-style economy'

    01/31/2017 4:49:32 PM PST · by 2ndDivisionVet · 24 replies
    CNBC ^ | January 25, 2017 | Matthew J. Belvedere
    The administration of President Donald Trump wants manufacturing jobs to make up about a fifth of the American workforce, said Peter Navarro, tapped by Trump to lead the newly created National Trade Council. Navarro told CNBC's "Squawk Box" on Wednesday that part of his job at the National Trade Council is matching the needs of industry with the skills of U.S. workers. "We envision a more Germany-style economy, where 20 percent of our workforce is in manufacturing," he said. "And we're not talking about banging tin in the back room." "We're talking about high technology across the board, whether it's...
  • Company to Invest $24M and Create 200 Jobs in Bartow County (Georgia)

    01/28/2017 1:34:21 PM PST · by 2ndDivisionVet · 5 replies
    The Coosa Valley News ^ | January 27, 2017 | Staff
    The Cartersville-Bartow County Department of Economic Development announced this week that Hhoco Group, a global player in refining metal products, will create 200 jobs and invest $24 million in a new facility in Bartow County. Im extremely pleased to welcome Hhoco Groups First American Resources subsidiary to our community and the Cartersville family of industries. This wonderful company already knows that Georgia is a great place to do business, and we are proud that they have decided to make Cartersville their home. Their investment in our community is appreciated. -Cartersville Mayor Matt Santini Hhoco currently operates a facility in Mableton,...
  • Trump Announces Manufacturing Jobs Initiative to Be Joined by Musk, Fields, Immelt

    01/27/2017 9:22:25 AM PST · by 2ndDivisionVet · 6 replies
    The Street ^ | January 27, 2017 | Emily Stewart
    The White House announced a manufacturing jobs initiative on Friday joined by executives from Ford, Dow Chemical, U.S. Steel and others. Part of Trump's overall jobs creation agenda, the project will involve ongoing meetings between the president and business leaders to "share their experiences and gain their insights." According to a press release, Trump will call on the executives listed for perspectives on "how to best promote job growth and get Americans back to work again." Many of the executives listed as part of the initiative met with Trump on his first full day in office on Monday - Dow's...
  • Ex-Mexican President Vicente Fox mocks Trump: He's a 'child'

    01/27/2017 5:53:00 AM PST · by DCBryan1 · 50 replies
    CNBC ^ | 0729 CST 27 JAN 17 | Matthew J. Belvedere | @Matt_Belvedere
    Vicente Fox Trump acting like 'a child, a CEO': Vicente Fox 1 Hour Ago | 01:35 Former Mexican President Vicente Fox blasted President Donald Trump on Friday, calling him a "child" and mockingly referring to him as a corporate "CEO" rather than president of the world's most powerful country. In an interview on CNBC's "Squawk Box," the outspoken Fox said Mexico won't pay for the wall Trump wants to build along the border, "not now, not ever." Fox also said he doesn't believe Trump is an American "in his soul and his beliefs." He added he does not understand the...
  • Fiat Chrysler Ready To Move Pickup Trucks From Mexico If Trump Plays Cards Right

    01/26/2017 9:13:49 PM PST · by 2ndDivisionVet · 52 replies
    Forbes ^ | January 26, 2017 | Joann Muller
    The chief executive of Fiat Chrysler Automobiles said his company could quickly move production of Ram heavy-duty pickup trucks to Michigan from Mexico if President Donald J. Trump's "America First" economic plan provides enough incentives. "Properly motivated, it could be executed very quickly by FCA," possibly by 2019 or 2020, Sergio Marchionne told analysts during a conference call to discuss the company's record financial results for 2016. Automakers have been under pressure from the new Trump Administration to build more of their cars in the United States as part of the president's agenda to create more American jobs. But the...
  • Ford CEO Mark Fields Excited for Donald Trump Renaissance in American Manufacturing

    01/24/2017 12:11:53 PM PST · by monkapotamus · 10 replies
    Breitbart ^ | January 24, 2017 | Charlie Spiering
    I think as an industry, were excited about working together with the president and his administration on tax policies, on regulation, and on trade to really create a renaissance in American manufacturing, Fields told reporters after the meeting, according to the Detroit News. Fields also praised Trumps decision to kill former President Obamas Trans-Pacific Partnership trade deal, pointing out that it failed to address currency manipulation.
  • An Alabama-Made Tractor Could Revolutionize Farming Around The Globe

    01/23/2017 10:56:06 AM PST · by blam · 183 replies
    Al.com ^ | 1-23-2017 | William Thornton
    William ThontonJanuary 23, 2017 The Oggun tractor, which will be manufactured in Fyffe, was developed for farmers domestically and in the developing world as a low-cost alternative to heavy farm equipment. (William Thornton / wthornton@al.com) In a new factory off Main Street in Fyffe, a business this week began marketing a product it says could revolutionize agricultural for the small farmer all over the world. CleBer LLC hosted the opening of its plant which will manufacture the Oggun Iron Horse, a tractor designed for small-scale domestic and international farmers. The tractor, which can sport a 19 horsepower Honda gas or...
  • Trumps Give Biz Leaders 30 Days To Put Together Plan To Create Jobs

    01/23/2017 12:06:13 PM PST · by 2ndDivisionVet · 26 replies
    WWJ-FM ^ | January 23, 2017
    DETROIT (WWJ) Ford Motor Co. CEO Mark Fields says President Donald Trumps meeting with some big league business leaders was very positive. The new president met with a group of top manufacturing leaders including Fields, Elon Musk, the head of SpaceX; Andrew Liveris, the CEO of Dow Chemical; and the executives from Dell, Johnson & Johnson and Lockheed Martin for what the Trump administration called a listening session in the in the Roosevelt Room at the White House on Monday. Liveris told reporters following the meeting that he was impressed with how engaged the president was, explaining...
  • Apple supplier Foxconn mulling $7 billion investment in US to create 50,000 jobs; Pennsylvania wins!

    01/23/2017 7:15:32 AM PST · by SeekAndFind · 37 replies
    American Thinker ^ | 01/22/2017 | Thomas Lifson
    The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in US manufacturing. Bloomberg reports:  Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office. The company is considering a joint investment with Sharp Corp.[1], the Japanese display supplier it bought last year, but details have yet to be hammered out,...
  • Trump tells business leaders he wants to cut regulations by 75% or 'maybe more'

    01/23/2017 7:06:11 AM PST · by Enlightened1 · 12 replies
    CNBC ^ | 01/23/17 | Jacob Pramuk
    President Donald Trump (C) leads a meeting with invited business leaders and members of his staff in the Roosevelt Room at the White House January 23, 2017 in Washington, DC. Business leaders included Elon Musk of SpaceX, Wendell Weeks of Corning, Mark Sutton of International Paper, Andrew Liveris of Dow Chemical, Alex Gorsky of Johnston & Johnson and others. Trump meets with CEOs and pledges to cut taxes 'massively' President Donald Trump on Monday told a range of business leaders that he believes his administration can cut regulations by 75 percent or "maybe more." At the White House with 10...
  • Trump summons business leaders, lawmakers to White House

    01/23/2017 7:29:38 AM PST · by Olog-hai · 21 replies
    Associated Press ^ | Jan. 23, 2017 9:47 AM EST | Jill Colvin
    Opening his first official week in office, President Donald Trump warned business leaders Monday that he would impose a substantial border tax on companies that move their manufacturing out of the United States, while promising unspecified advantages to companies that manufacture domestically. All you have to do is stay, he said during a morning meeting in the White Houses Roosevelt Room. Tesla CEO Elon Musk and Marillyn Hewson of Lockheed Martin were among the executives who attended the meeting. The gathering kicked off a jam-packed day for the new president, including an evening reception with lawmakers from both parties and...
  • President Trump Touts Job Creation, Economic Growth at Inauguration

    01/22/2017 2:34:08 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 22, 2017 | Paul Dykewicz
    WASHINGTON--President Donald Trump vowed in his inaugural speech, following his oath of office Friday, to pursue policies that would spur economic growth, create jobs and protect American interests.An effect likely would be to boost demand for crude oil, which rose in price more than 2% on Inauguration Day, with part of the gain coming after his address. U.S. energy companies, among others, may benefit from his policies.Oil prices could be affected further after Sundays meeting in Vienna, Austria, between members of the Organization of Petroleum Exporting Countries and some other oil-producing countries, including Russia, which are trying to agree...
  • Manufacturing CEOs readying for the expected Trump expansion

    01/21/2017 9:53:22 PM PST · by 2ndDivisionVet · 14 replies
    The Washington Examiner ^ | January 22, 2017 | Salena Zito
    President Trump says he will be the greatest jobs producer God ever created. "I'm going to work very hard on that. We need certain amounts of other things, including a little bit of luck, but I think we're going to do a real job," he said recently. While his critics laughed and economists urged caution, the truth is American manufacturing is already showing signs of confidence and optimism about a Trump presidency. U.S. CEO's are rewarding the incoming administration with a flurry of announcements promising new jobs, bigger inventories and a reduction of operations moving to Mexico and abroad. Some...
  • Elon Musk and Donald Trump: Politics Makes Strange Bedfellows

    01/18/2017 8:15:21 AM PST · by Sean_Anthony · 15 replies
    Canada Free Press ^ | 01/18/17 | Megan Barth
    In a Trump administration, which is focused on economic prosperity, job creation, and sovereignty, Elon is going to have to shelve some of his progressive ideals that were rejected in this past election and embraced by the very people he could one day employ-without tax-payer subsidies? Time will tell. Trump doesnt seem to be the right guy. He doesnt have the sort of character that reflects well on the United States. Elon Musk President-elect Donald Trump has put together a strong list of appointees to serve in his new administration. Many of his appointees have been his longest and most...
  • Heres What Trump Doesnt Get About American Manufacturing

    01/14/2017 7:14:50 PM PST · by E. Pluribus Unum · 145 replies
    Fortune ^ | 2017-01-14 | Bill George
    If the Roman emperors ruled by edict, President-elect Donald Trump appears poised to rule by tweet. Even before taking office, Trump has discovered he can move the worlds largest global corporations with simple, 140-character tweets. And though his aggressive approach is winning politically, good politics doesnt necessarily mean good economics. Voters see Trump fulfilling his campaign promises to close Americas borders and bring jobs back home. He is using the bully pulpit to stand up for workers by taking on the most powerful American companies, including Ford (F, +0.32%), General Motors (GM, -0.45%), Toyota (TM, +0.14%), Boeing (BA, +0.34%), Lockheed...
  • January 14, 2017 The Weak: Donald Trump vs. America's automakers

    01/14/2017 2:37:42 PM PST · by E. Pluribus Unum · 7 replies
    The smartest insight and analysis, from all perspectives, rounded up from around the web: Car companies are desperate to get on the good side of the president-elect, said Bernie Woodall and David Shepardson at Reuters. For months, Donald Trump has threatened to slap big tariffs on cars built in Mexico and has scolded U.S. automakers sometimes inaccurately for not building more cars domestically. All that criticism appears to be sinking in. Fiat Chrysler said this week that it will invest $1 billion in two Midwestern plants and create 2,000 U.S. jobs; Ford announced last week that it would...
  • Foxconn-Sharp considering LCD plant in US

    01/12/2017 7:51:21 PM PST · by 2ndDivisionVet · 26 replies
    Nikkei Asia Review ^ | January 13, 2017 | Jun Iiyama, Nikkei staff writer
    OSAKA -- Hon Hai Precision Industry and its Japanese subsidiary Sharp have begun studying the possibility of building a liquid crystal display panel plant in the U.S., a Sharp executive said Friday. The plan is "on the table," the executive said. "We will make a decision carefully." The Taiwanese electronics contract manufacturer, also known as Foxconn, and its Japanese alliance partner SoftBank Group reportedly told Donald Trump they would jointly make significant investments creating new jobs in the U.S. when SoftBank Chairman Masayoshi Son met the President-elect in New York last month. The joint investment plan was proposed by Son,...
  • Trump poses challenge to Ireland with belligerence on Big Pharma [nuacht bragach]

    01/12/2017 7:30:53 AM PST · by Olog-hai · 1 replies
    Irish Times ^ | 01/11/2017 | Dominic Coyle, Laura Slattery
    US president-elect Donald Trump has thrown down a major challenge to Ireland by using his first press conference since winning the White House to target the pharma and medtech sectors. Hailing his recent success in persuading a number of major car manufacturers to route new investment into the United States rather than to Mexico under threat of substantial import tariffs, Mr. Trump turned his attention to drug manufacturers. Weve got to get our drug industry back, the incoming US president said. Our drug industry has been disastrous. Theyre leaving left and right. They supply our drugs, but they dont make...
  • Like it or not, the Trump Effect is looking more and more real

    01/11/2017 4:29:54 PM PST · by 2ndDivisionVet · 26 replies
    Hot Air ^ | January 11, 2017 | Jazz Shaw
    This morning I heard Bryan Williams (of all people) say that today is one of the busiest news days since the election. I suppose thats true if you butter your bread in the cable news game. But while much of the press corps prefers to discuss secretive and probably imaginary meetings in Prague of whatever bits of dirt they can dig up on the cabinet nominees, there have been some other things happening. Ever since Donald Trump was elected theres been a not always quiet undercurrent of concern flowing through companies who do a lot of outsourcing or build factories...
  • President Elect Trump Meets With Alibabas Jack Ma in Trump Tower.

    01/09/2017 2:21:23 PM PST · by lafroste · 13 replies
    Conservative tree house ^ | 1/9/2017 | Sundance
    When President-elect Donald Trump says America First too few actually understand the severity of his determination to accomplish that goal. Leverage, or more accurately creating leverage, is a business art that Donald Trump has uniquely honed for decades. There are trillions of dollars in play. Against the backdrop of a known position by President-elect Trump toward the business and financial monopolization by Amazon and Jeff Bezos, President Trump publicly brings Alibaba CEO Jack Ma to the cameras in Trump Tower. All except the business media will probably skip over the larger play within this epic display of 3-D leverage creation....
  • Apple plans 'high-tech manufacturing' of data-center gear in Arizona

    01/09/2017 1:52:20 PM PST · by SeekAndFind · 22 replies
    Business Insider ^ | 01/09/2017 | Kif Leswing
    Apple is seeking permission to conduct "high-tech manufacturing" and to build data-center server gear in a Mesa, Arizona, facility, according to a notice published Monday by the US federal government. A notification published in the Federal Register on Monday said Apple was looking for approval from the Foreign-Trade Zones Board to produce "finished products" in a special zone that exempts it from customs duty payments. "Apple Inc has repurposed the site as a global data command center that will conduct high-tech manufacturing of finished data center cabinets for other data centers," according to a document filed by Mesa on behalf...
  • Trump: it's finally happening ...

    01/09/2017 6:19:24 AM PST · by Sidebar Moderator · 55 replies
    Twitter ^ | January 9, 2017 | President-elect Donald J. Trump
    It's finally happening - Fiat Chrysler just announced plans to invest $1BILLION in Michigan and Ohio plants, adding 2000 jobs. This after Ford said last week that it will expand in Michigan and U.S. instead of building a BILLION dollar plant in Mexico. Thank you Ford & Fiat C!
  • Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

    01/08/2017 3:15:23 PM PST · by mandaladon · 92 replies
    Yahoo News ^ | 8 Jan 2017 | Tom Krisher
    DETROIT (AP) -- Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs. The Italian-American automaker said Sunday it will modernize a factory in the Detroit suburb of Warren, Michigan, to make the new Jeep Wagoneer and Grand Wagoneer large SUVs. A factory complex just south of there in Toledo, Ohio, also will get new equipment to make the...
  • More Winning: Chrysler Announces $1 billion Investment In U.S. Manufacturing, 2,000 New Jobs

    01/08/2017 2:07:37 PM PST · by nodwam · 20 replies
    Hidden Americans ^ | 01/08/2017 | Richard Saunders
    Its rare that a president makes good on campaign promises let alone before they take office. Earlier this week Ford said it would cancel a new plant in Mexico and invest in Michigan and now Chrysler says it will be spending a billion dollars on manufacturing in the United States and adding 2,000 new jobs. The markets are at all time highs, manufacturing is coming back, and Trump hasnt even taken office yet. We are embarking upon an American resurgence.
  • Peugeot car plant closed as Muslim workers took too many prayer breaks

    01/07/2017 4:18:54 PM PST · by LibWhacker · 58 replies
    Fitnaphobia ^ | 1/7/17 | Robert Spencer
    The future of France, and of Europe in general, can be glimpsed in this episode. The Aulnay site closed because Muslim employees were constantly taking unscheduled prayer breaks and had become unproductive. Its the truth. A Peugeot official told me that it was one but obviously not the only of the reasons the plant was shut down. They may have considered it their due to receive payment from unbelievers even while not working. In Islamic law, non-Muslims have the duty to provide for the upkeep of Muslims. British jihadist Anjem Choudary said in February 2013: We are on...