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Keyword: manufacturing

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  • Fiat Chrysler to invest $1 billion in Michigan plant, add 2,500 jobs

    01/11/2018 3:46:02 PM PST · by mandaladon · 33 replies
    Reuters ^ | 11 Jan 2018
    (Reuters) - Fiat Chrysler Automobiles NV FCH.MI (FCAU.N) said on Thursday it would invest more than $1 billion in its Michigan plant and add 2,500 jobs as it benefits from the overhaul of the U.S. tax code. The company said it would spend the money to modernize the Warren Truck Assembly Plant in Michigan to produce its Ram Heavy Duty trucks. The company will relocate the truck’s production from its current location in Saltillo, Mexico, to the Michigan plant in 202O. The car maker also said it would make a special bonus payment of $2,000 to about 60,000 FCA hourly...
  • America first, with Germany’s help

    01/08/2018 9:39:43 AM PST · by GonzoII · 5 replies
    Handelsblatt ^ | January 7, 2018 | Christopher Cermak, Tim Rahmann and Harald Schumacher
    Donald Trump wants more companies — foreign and domestic — to produce goods in the United States. We spoke to German companies already in the US about whether they’ll take the bait. Jim Sheak remembers the good old days when Akron, Ohio, was a major manufacturing hub. The tire company Goodyear was founded here back in 1898, giving it the nickname Rubber City. Then, one by one in the past three decades, Goodyear and companies like it reduced their presence or pulled out entirely. Akron, like many Rust Belt cities, was left with empty factories and a shrinking population. Ironically,...
  • Exclusive: Toyota, Mazda to build $1.6 billion plant in Alabama - sources

    01/09/2018 2:56:14 PM PST · by mdittmar · 28 replies
    Reuters ^ | January 9, 2018 | David Shepardson, Bernie Woodall
    (Reuters) - Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new U.S. facilities and threatened tariffs on foreign production, sources said on Tuesday.
  • Boeing surges after reporting record jet deliveries and massive order backlog

    01/09/2018 7:36:00 PM PST · by ConservativeStatement · 19 replies
    CNBC ^ | Jan. 9, 2018 | Phil LeBeau | Leslie Josephs
    Boeing delivered a record number of commercial airplanes last year, the company reported Tuesday, firing up a rally in the company's stock. The aerospace giant delivered 763 planes, one more than its previous high set in 2015. The company's stock rallied after the report, closing up 2.7 percent at $318.43 and leading the Dow industrials higher. Boeing, whose shares have more than doubled over the last 12 months, said it booked orders for 912 commercial airplanes, the seventh highest annual total for the company.
  • Nolte: 7 Amazing Facts About Trump’s Economy Media Don’t Want You to Know

    12/19/2017 9:46:46 AM PST · by davikkm · 17 replies
    breitbart ^ | JOHN NOLTE
    Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric. Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not...
  • Whirlpool Has Trapped Washington in a Spin Cycle

    12/16/2017 10:10:53 PM PST · by Oshkalaboomboom · 24 replies
    National Review ^ | Dec 16, 2017 | George Will
    <p>A household appliance will be the next stepping stone on America’s path to restored greatness. The government is poised to punish many Americans, in the name of protecting a few of them, because, in the government’s opinion, too many of them are choosing to buy foreign-made washing machines for no better reason than that the buyers think they are better. If you are wondering why the government is squandering its dwindling prestige by having opinions about such things, you have not been paying attention to Whirlpool’s demonstration that it is more adept at manipulating Washington than it is at making washing machines.</p>
  • Manufacturing Employment Up 189,000 Since Trump’s Election; Federal Government Employment Down 3,000

    12/08/2017 4:36:09 PM PST · by Olog-hai · 14 replies
    Cybercast News Service ^ | December 8, 2017 | 9:32 AM EST | Terence P. Jeffrey
    Employment in manufacturing in the United States has increased by 189,000 in the year since Donald Trump was elected president, according to data released today by the Bureau of Labor Statistics. At the same time, employment in the federal government has declined by 3,000 since Trump was elected. In November 2016, there were 12,325,000 people employed in manufacturing in the United States. By this November, that had climbed to 12,514,000. “Since a recent low in November 2016, manufacturing employment has increased by 189,000,” the BLS said in the press release it put out this morning with the November employment numbers....
  • SAS Automotive Systems bringing 170 jobs to Tuscaloosa (Alabama)

    12/03/2017 12:56:38 AM PST · by 2ndDivisionVet · 1 replies
    The Birmingham News ^ | November 29, 2017 | William Thornton
    SAS Automotive Systems is coming to Tuscaloosa County, bringing 170 jobs. The German-based global auto supplier, which assembles cockpit modules, will support production of Mercedes-Benz's next generation SUV in Alabama. The Tuscaloosa County Industrial Development Authority (TCIDA) made the announcement, along with the Alabama Department of Commerce. SAS COO Francois Barthel said in a statement that company is "more than happy to contribute to the great success story of Alabama's auto production that started right in the very plant where we will be supplying components for Mercedes-Benz's next generation of SUVs." Mercedes is currently wrapping up a $1.3 billion expansion...
  • How Aging Hippies’ Attacks on Families Created Entitled Younger Generations

    11/26/2017 10:29:54 PM PST · by Oshkalaboomboom · 15 replies
    Townhall.com ^ | Nov 27, 2017 | Rachel Alexander
    Fewer Millennials and youth in Generation Z are moving out of their parents’ homes than in recent previous generations. For the first time in the modern era, more 18- to 34-year olds live with their parents than in any other type of arrangement. That percentage reached its lowest point 45 years ago. In 1960, 62 percent of the nation’s 18- to 34-year-olds were living with a spouse or partner in their own household, and only one-in-five were living with their parents. How did this happen? The younger generations are used to their parents providing them with iPhones and cars. They’re...
  • New manufacturer could be coming to Wapakoneta (100 jobs in Ohio)

    11/26/2017 5:44:36 PM PST · by 2ndDivisionVet · 2 replies
    WLIO-TV ^ | November 20, 2017 | Joseph Sharpe
    Wapakoneta could be making room for a new manufacturer, and over 100 new jobs that would come with it. Wapakoneta City Council passed resolutions to help packaging company Pratt Industries build a new plant at the shovel ready site on the south side of the city. The State of Ohio needs to approve the deal in the beginning of December for the project to move forward. If approved, Pratt will invest around 250 million dollars for their first phase of their project, which would create around 100 jobs with an average pay of over 25 dollars an hour, with the...
  • Making Manufacturing Great Again Would Add $530 Billion to GDP

    11/22/2017 8:12:25 PM PST · by 2ndDivisionVet · 10 replies
    US News & World Report ^ | November 20, 2017 | Andrew Soergel
    The U.S. manufacturing sector has weathered a bumpy road over the course of the past two decades – but successfully righting the country's industrial ship would mean an economic windfall of $530 billion, according to a new report from The McKinsey Global Institute. McKinsey put out a lengthy report last week profiling the past several years of U.S. manufacturing malaise – noting that only a few sectors, like "pharmaceuticals, electronics and aerospace" have emerged relatively unscathed. "Some industries staged a modest demand-driven recovery between 2010 and 2015. But growth in overall U.S. manufacturing output has been slowing for two decades,...
  • Whirlpool's Dirty Laundry

    11/21/2017 3:32:42 PM PST · by Eric Pode of Croydon · 29 replies
    American Spectator ^ | 20 November 2017 | Andrew Wilford
    Despite Whirlpool’s arguments being the corporate equivalent of a child who wants dessert but not to clean his room, the ITC sided with Whirlpool and is now considering which “remedies” to impose. Whirlpool, for its part, suggests a prohibitively high 50 percent tariff on washing machine imports from LG and Samsung. Implementing this tariff, even in a temporary manner, would harm opportunities for thousands of American workers. Samsung is already in the process of building a washing machine factory in South Carolina, expected to employ nearly 1,000 American workers. LG is constructing a factory in Clarksville, Tennessee, which would employ...
  • Mahindra to invest $22.3 million, create 105 jobs in Oakland County expansion (Michigan)

    11/21/2017 2:11:11 PM PST · by 2ndDivisionVet · 9 replies
    Crain's Detroit Business ^ | November 20, 2017
    India's Mahindra & Mahindra Ltd. is expanding in Auburn Hills and Pontiac with plans to launch an off-road vehicle in the U.S. The plans, which include bringing the company's North American automotive headquarters and off-road vehicle manufacturing to Auburn Hills, are expected to generate a total capital investment of $22.3 million and create 105 jobs. It was awarded an $850,000 performance-based grant from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced Monday. "The fact that Mahindra has established new operations centers here for the third time in four years is a testament to Michigan's global leadership in automotive...
  • Boeing, Lockheed Martin and Elon Musk's SpaceX could face new competition for military launches

    11/17/2017 10:29:27 AM PST · by Elderberry · 6 replies
    On Thursday, Virgin Orbit won a contract from the Air Force to carry "technology demonstration satellites" on its LauncherOne rocket by early 2019. The LauncherOne rocket will be "air launched" from a modified Boeing 747 called "Cosmic Girl." The contract follows Branson's quiet launch earlier this month of Vox Space, a subsidiary of Virgin Orbit, that will focus on military contracts. While there is plenty of room in space, the launchpad is becoming more crowded. That's good news for the Pentagon as it looks toward increased competition and embracing new technology like reusable rockets to lower launch costs. United Launch...
  • Money for Arkansas River Bridge Is Fort Smith's Missing Link

    11/16/2017 4:54:55 AM PST · by Tolerance Sucks Rocks · 17 replies
    Arkansas Business ^ | November 13, 2017 | Marty Cook
    One of Arkansas’ top priorities is finishing Interstate 49 in the western part of the state. A key component of that massive project, which is also massively expensive, is a 13.7-mile stretch near Fort Smith that includes a bridge over the Arkansas River to connect Interstate 40 with Interstate 49, which would then run from south Fort Smith to northwest Arkansas and up through the midsection of the nation. The project’s completion would connect with a 6.5-mile stretch of Interstate 549 that opened in 2015 and hooks up U.S. 71 with Highway 22 in south Fort Smith. The proposed 13.7-mile...
  • Northrop plant in California gears up to build B-21 bombers

    11/13/2017 3:54:44 PM PST · by markomalley · 4 replies
    Stars & Stripes ^ | 11/13/17 | RALPH VARTABEDIAN, W.J. HENNIGAN AND SAMANTHA MASUNAGA
    A once-empty parking lot at Northrop Grumman Corp.’s top secret aircraft plant in Palmdale, Calif., is now jammed with cars that pour in during the predawn hours. More than a thousand new employees are working for the time being in rows of temporary trailers, a dozen tan tents and a huge assembly hangar at the desert site near the edge of urban Los Angeles County. It is here that Northrop is building the Air Force’s new B-21 bomber, a stealthy bat-winged jet that is being designed to slip behind any adversary’s air defense system and deliver devastating airstrikes for decades...
  • Dubai Air Show opens with Emirates' $15.1B Boeing buy

    11/12/2017 8:22:23 AM PST · by 2ndDivisionVet · 23 replies
    The San Francisco Chronicle ^ | November 11, 2017 | Jon Gambrell and Aya Batrawy, The Associated Press |
    DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates purchased 40 American-made Boeing 787-10 Dreamliners on Sunday at the start of the biennial Dubai Air Show, a $15.1 billion deal certain to please U.S. President Donald Trump who has touted the plane's sales as a job creator in America. The deal appeared to surprise Boeing's archrival Airbus, whose staff had attended a long-delayed news conference and left the room just moments before the announcement. Airbus has pinned hopes of continuing production of its double-decker jumbo jet on Emirates, the world's largest operator of the aircraft which took delivery of its...
  • Trump says Boeing, Singapore aircraft deal means US jobs

    10/23/2017 4:55:08 PM PDT · by ConservativeStatement · 6 replies
    AP ^ | October 23, 2017
    WASHINGTON — President Donald Trump says Singapore’s purchase of nearly $14 billion worth of Boeing aircraft will create 70,000 jobs in the U.S. Kevin McAllister, president and CEO of Boeing Commercial Airplanes, and Singapore Airlines CEO Goh Choon Phong signed paperwork at the White House on Monday as the country’s prime minister, Lee Hsien Loong, and Trump looked on. Lee is at the White House for talks with Trump. The agreement includes 39 airplanes: 20 777-9s and 19 787-10s. Singapore Airlines also has options for 12 more planes. The order was previously reported to an unidentified customer.
  • Foxconn to build Wisconsin manufacturing complex in Mount Pleasant

    10/05/2017 10:25:19 AM PDT · by spokeshave · 16 replies
    The Capital Times ^ | 10/04/2017 | By Jessie Opoien
    Taiwanese electronics giant Foxconn plans to build an LCD panel manufacturing facility in the southeastern Wisconsin village of Mount Pleasant, local officials announced Wednesday. The announcement comes just a few weeks after Gov. Scott Walker signed into law a $3 billion incentive package for the company, on track to be the largest subsidy to a foreign company in U.S. history.
  • BorgWarner Expands Seneca, South Carolina, Manufacturing Plant (160 jobs)

    09/26/2017 12:36:44 AM PDT · by 2ndDivisionVet · 5 replies
    Area Development ^ | September 20, 2017 | Staff
    BorgWarner Inc., a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, is expanding its operations in Seneca, South Carolina. The $71.9 million investment is projected to create more than 160 new jobs in Oconee County. To support additional business awarded to the company this year, BorgWarner will invest in capital, equipment and infrastructure at its existing facilities located at 15545 Wells Highway in Seneca. As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project. An $850,000 grant was also awarded to Oconee County to assist with...