Florida Gov. Rick Scott on Friday signed a bill that creates a tax break for the state's manufacturers. The governor made it official during a stop at a Tampa manufacturing firm. The measure (HB 7007) exempts manufacturers from having to pay sales taxes on equipment purchases for three years.
China's product safety agency says General Motors Co.'s main Chinese joint venture is recalling Cadillac SUVs to correct a problem with nuts that hold their wheels in place. The General Administration of Quality Supervision, Inspection and Quarantine said Friday that Shanghai GM will recall 2,653 imported Cadillac SRXs.
Caterpillar will pay $135 million less for a Chinese mining equipment company after uncovering dodgy accounting practices that inflated its value. Caterpillar announced a non-cash $580 million charge earlier this year related to the sale after uncovering "accounting misconduct" during an internal investigation of ERA Mining Machinery Ltd. and its subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co. Ltd.
The immigration debate in Arizona reached a boiling point in 2007 when the state passed a groundbreaking law targeting those often blamed with fueling the nation's border woes: Employers who hire immigrants living in the U.S. illegally.
In the press, “reshoring” is defined as the repatriation of manufacturing operations from a low-cost country, back to the home country. In Washington, it stands as the repatriation of manufacturing operations from China, back to the U.S. But in reality, according to Young, it is the transfer of “some manufacturing production from a low-cost country back to the home country or to another country, low-cost or not.”
An auto parts maker is adding a new building and 100 full-time jobs to its operation in Bowling Green, Kentucky. Kobe Aluminum Automotive Products LLC broke ground Wednesday on its second expansion since November. Gov. Steve Beshear's office said the company plans to add an 87,000-square-foot building with a capital investment of up to $66 million.
Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly. Attorney General Chris Koster's office said Thursday it has filed a motion in St. Charles County Circuit Court seeking to monitor ex-Mamtek CEO Bruce Cole with a wearable GPS device.
Aluminum smelter and parts-maker Alcoa said on Thursday that it will close down two production lines at a plant in Canada and cut about 500 jobs there because of lower aluminum prices. A major portion of a planned upgrade for the facility in Quebec is being pushed back by three years, to 2019, the company said.
A labor group Apple Inc. joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are improving. But employees are still working more hours than the country's legal limit. The Fair Labor Association said Thursday that Apple's largest supplier, Foxconn, has made all recommended improvements to working conditions that were due by the end of December.
A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant. PSA Peugeot Citroen said Friday that it had signed an agreement with the CGT union to end the strike, which started in January. The CGT called the strike "suspended."
Investigators working in the remnants of an exploded Texas fertilizer plant sifted by hand through untold kernels of corn, moved tons of debris and conducted more than 400 interviews, while searching for the missing piece to solve what many officials compared to an extraordinary puzzle. One month after a fire triggered a massive blast killing 15 people, officials on Thursday had to declare the cause of the blaze as "undetermined."
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations. Fast-selling models such as the Ford Escape, Honda CR-V and Jeep Wrangler received only "marginal" or "poor" ratings from the Insurance Institute for Highway Safety.
The ceiling of a Cambodian factory that makes Asics sneakers collapsed on workers early Thursday, killing two people and injuring seven, in the latest accident spotlighting the often lethal safety conditions faced by those toiling in the global garment industry.
Toyota Motor Corp. said Thursday it started manufacturing the Yaris compact car at its French factory for export to North America. Toyota began producing the North American-bound Yaris, known in Japan as the Vitz, at the factory of Toyota Motor Manufacturing France S.A.S. in Onnaing near the city of Valenciennes. It will be the first export of European-assembled models to North America.
The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted by special interests. The five-year, legally binding contract requires them to help pay for fire safety and building improvements in Bangladesh.
Japanese car manufacturer Honda is returning to Formula One in 2015 as an engine supplier to the automaker's former partner McLaren of Britain. Honda president Takanobu Ito announced the decision at a news conference in Tokyo on Thursday.
The developer of a proposed southern Indiana fertilizer plant said Wednesday the project will be safe and not handle explosive materials like a Texas plant where a deadly explosion occurred last month. All of the products made at the Ohio Valley Resources LLC proposed for the Ohio River city of Rockport will be liquid, non-flammable and non-explosive, Fairfield, Ill.-based developer Doug Wilson said.
Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed tame. The producer price index, which measures price changes before they reach the consumer, fell a seasonally adjusted 0.7 percent in April from March, the Labor Department said Wednesday.
A man is dead after being electrocuted at a manufacturing plant in St. Louis County. The St. Louis Post-Dispatch reports that employees of St. Louis Cold Drawn Inc. arrived at 4:15 a.m. Wednesday and found the 55-year-old victim on the ground. He was taken by ambulance to a hospital and pronounced dead.
Boeing restarted deliveries of 787s on Tuesday after a four-month halt while it dealt with the smoldering batteries that had kept the planes grounded. Boeing handed the plane over to Japan's All Nippon Airways at its factory in Everett, Wash.