The European Union is offering companies tax incentives to hire more apprentices, in a plan to put the "lost generation" back to work. One apprentice, who helps build a crucial part for Boeing's 737, talks about his experience as a Safran apprentice.
NextGen Illumination Inc. is moving its manufacturing operation from overseas to Oklahoma. The Fayetteville-based maker of light-emitting diode lighting for industrial, commercial, residential and agricultural applications has struck a deal with Cherokee Nation Industries to build products in Stilwell, Okla., a few miles from the Arkansas border. The company's manufacturing operation had been in Asia.
Toyota Motor Corp. said Monday its Turkish subsidiary held a line-off ceremony for the Corolla car and the Verso minivan at a factory in Sakarya, Turkey. The models, to be exported to more than 50 countries in Europe, North Africa, the Middle East and Central Asia, will be assembled at the plant, which cost an additional capital outlay of 150 million euros, it said.
China's manufacturing weakened again in June amid a credit crunch and slower U.S. and European orders, two surveys showed Monday, adding to signs that growth in the world's second-largest economy is decelerating. HSBC's purchasing managers' index declined to 48.2 from May's 49.2 on a 50-point scale on which numbers below 50 show a contraction.
Germany has blocked a European Union agreement on capping car carbon emissions because the deal could have cost jobs and harmed its domestic auto industry, officials said Friday. The blunt admission that Europe's biggest economy put business interests before environmental standards is at odds with Germany's image as a champion of green issues.
An American executive held hostage for nearly a week by his company's Chinese workers in a pay dispute said Friday from his Florida home that he was held for ransom and paid nearly half a million dollars for his freedom. "One-hundred percent I got held for ransom," Chip Starnes said on NBC's "Today" show, just hours after arriving back home from China.
General Motors says it will invest $691 million in its assembly plants in the Mexican cities of Silao, San Luis Potosi and Toluca. GM Mexico's president Ernesto Hernandez said Wednesday the investment will help build a new factory in Silao to manufacture 8-speed transmissions and expand the factories in San Luis Potosi and Toluca.
The United States is expected to suspend trade privileges for Bangladesh because of concerns over labor rights and worker safety that intensified after hundreds died there in the global garment industry's worst accident. Congressional aides said the Obama administration would make its announcement Thursday, the culmination of a yearslong review of labor conditions in the impoverished South Asian nation.
Sometimes, as a leader, you just have to take one for the team. And that's exactly what Renault-Nissan CEO Carlos Ghosn has done. Ghosn cheered on a weakening of the yen, despite it shaving a couple million dollars off his current paycheck. Maybe that's because he still out-earns some peers.
General Motors Co. has promoted veteran executive Alan Batey to the new position of global head of the Chevrolet brand, which accounts for more than half of the company's worldwide sales. Batey also will keep much of his current position, staying on as head of U.S. sales, service and marketing for Chevy, Buick and GMC. He had been head of U.S. sales and interim chief marketing officer.
Nissan Chief Executive Carlos Ghosn promised strong sales growth to shareholders Tuesday in a turnaround from natural disasters and a boycott in China set off by a territorial dispute. He also told them he was paid 988 million yen ($9.9 million) for the past fiscal year, up 1 million yen ($10,000) from the previous fiscal year.
The first full-production Explorer rolled off the assembly line in April at Ford Sollers Elabuga Assembly Plant in the Republic of Tatarstan for the Russian market. Previously, only knock-down versions of Explorer had been built anywhere outside of the United States. Here, Bruce Hettle, director of manufacturing engineering with Ford, talks global Ford SUV production, the Ford Production System, and the future auto market.
The walls of the cavernous AKH clothing factory are covered in red arrows. They point to three wide emergency staircases with evacuation plans posted on every floor. They point to fire extinguishers attached to the walls and pillars throughout the factory. They point to medical kits located near designated workers with "First Aid" stitched onto their shirts.
The European Union's trade commissioner said Friday that the EU and China are seeking a negotiated settlement to resolve a solar panel dumping dispute as quickly as possible. Karel De Gucht told reporters in Beijing that there had been no breakthroughs so far in talks and warned that such disputes are rarely resolved overnight.
When Lawrence Scheer began selling baby clothes in 2010, he didn't realize it then, but he was on the leading edge of a recovery in small business exports. Scheer's company, Magnificent Baby, manufactures its products in China and then sells them in about 20 countries around the world.
General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world's biggest auto market, though they said the segment would grow slower than expected this year. Company leaders said they were optimistic about long-term growth in the luxury segment and have aggressive plans to expand Cadillac's dealer network.
U.S. Sens. Jeanne Shaheen and Kelly Ayotte are teaming up to help small businesses make the most of their export opportunities. The senators on Tuesday reintroduced the bipartisan Small Business Export Growth Act, which is aimed at cutting down on bureaucratic hurdles and giving businesses more exporting assistance.
Fossil fuels are still the number one energy source. Andy Serwer, managing editor for Fortune asks GE what that means for the company today, as well as five years from now. At the Fortune Global Forum in Chengdu, China, GE CEO Jeffrey Immelt says that future energy development will be focused in China.
SDI Intelligrated, a joint venture in São Paulo, Brazil between Intelligrated® and SDI Group USA, announces that it will host three interns from Brazil in the U.S. this summer as part of a scholarship program sponsored by the Brazilian government for the country’s top students. The interns will be hosted in St. Louis and gain experience in engineering.
Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs to meet growing regional demand for its popular building blocks. Carsten Rasmussen of Lego's European packing division did not reveal the size of the investment except to say it was "a large two-digit million euro figure."
The top official with the European Union's executive arm says a free trade deal with the United States would be a "game-changer" for the global economy. European Commission President Jose Manuel Barroso made the statement Monday ahead of a formal launch of the trade effort at the Group of Eight Summit in Northern Ireland.
Bio-Chem Fluidics' new Vice President of Operations, Joe Turiello, says that the United States on the whole seems way too willing to give up its manufacturing capabilities for short term profits. PD&D caught up with Turiello to talk to him about his new position, the future of Bio-Chem, and his thoughts on the industry.
The concept of “everyone should go to college” is finally being questioned, which I think is long overdue. In fact, the U.S. Labor Department says that most jobs (69 percent in 2010) don’t require a post high school degree.To get an idea of what the economy is going to offer in the next ten years, look for the Labor Department chart titled “Occupations with the largest job growth, 2010 and projected 2020.”
Global manufacturers are putting their supply chains at the center of their business strategies to serve as the foundation for operational efficiency and collaborative innovation, according to KPMG’s 4th annual Global Manufacturing Outlook: Competitive Advantage – Enhancing Supply Chain Networks for Efficiency and Innovation, which surveyed 335 C-level executives globally, including 95 in the U.S.
Many don’t think of Toshiba as an American-made brand, especially when it comes to the U.S. automotive market. And for quite some time, that was true. Since 2003, Toshiba had manufactured HEV motors for Ford Motor Company at its Japan facility. But in 2011, under the weight of supply chain pressures and growing currency risks, Toshiba Industrial Corporation began manufacturing motors for Ford’s hybrid vehicles in Houston, TX.