The White House said Obama will announce Wednesday in Raleigh that a consortium of 18 business and six universities, led by North Carolina State University, has been chosen to lead a manufacturing innovation institute to develop next-generation power electronics. It's the first of three such hubs that Obama called for in his State of the Union address last year.
The expansion of the plant in Davenport, Iowa, reflects four years of strong vehicle sales increases — U.S. auto sales rose 8 percent to 15.6 million in 2013 — and growing use of lightweight aluminum for better fuel mileage in some models.
The Senate postponed a pair of test votes on stalled unemployment legislation on Monday as Republicans and Democrats sought a compromise to restore benefits to 1.3 million long-term jobless workers who lost them abruptly late last year.
Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) recently announced that construction is underway at the assembly line that will produce the first U.S.-made Lexus. Last April, TMMK announced it would localize production of the ES 350, which has never been assembled outside of Japan.
In his weekly radio and Internet address, Obama says the first step is for Congress to extend unemployment insurance for those without work. The president also points to a new initiative to boost high-tech manufacturing and other steps he plans to announce next week to put people back to work.
A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand. Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.
How did the unemployment rate drop so much given the weak job growth? Because the government conducts one survey to learn how many jobs were created and another to determine the unemployment rate. The two surveys can sometimes produce differing results.
Gov. John Kasich and company and site officials planned to officially sign an accord and discuss details in Columbus on Friday. The new plant would be on land where General Motors idled an assembly plant in 2008 in the south Dayton suburb of Moraine. There were 1,100 workers at the time.
Rockford was a finalist for a massive Boeing plant before the aerospace company reached a deal with a union and agreed to build its 777X planes near Seattle, state officials said. "It speaks very well for the Rockford region how seriously Boeing took the Illinois proposal," one official said.
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength.
Mazda Motor Corporation announced that production has begun at its new plant in Mexico. The plant, named Mazda de Mexico Vehicle Operation* (MMVO), is located in Salamanca, in the state of Guanajuato.
Using assembly lines, lasers and robotic arms, the Memphis facility is making cooking ranges and ovens for sale at major retailers. Heavily backed by politicians and supported by $150 million in incentives provided by taxpayers, the plant carries great expectations as a long-term job producer.
The bonus is part of the contract extension the union approved along with pension concessions in return for the company's promise to build the new 777X in Washington. The union represents about 30,000 workers in the Puget Sound area.
Motorbikes and containers housing security guards were set alight, sending thick smoke over the complex. Footage showed people throwing rocks at police in riot gear who huddled together. Local official Duong Ngoc Long said police restored order after three hours.
The reports of manufacturing's demise in California are probably exaggerated. In Southern California, the largest manufacturing region in the country, there are still 360,000 workers in the industry. But even successful companies are facing major bumps along the way.
Goodyear Dunlop Tires France — a subsidiary of Goodyear Tire and Rubber Co. of Akron, Ohio — said in a statement the lawsuit was filed Wednesday with the prosecutor in Amiens, France, because it can't accept "actions that endanger people and goods."
A private survey shows U.S. businesses added the most jobs in a year in December, powered by a big gain in construction. The figures are the latest evidence that the economy gained momentum at the end of 2013. Payroll processor ADP said Wednesday that companies added 238,000 jobs in December, up slightly from 229,000 in the previous month.
Legislation to renew jobless benefits for the long-term unemployed has cleared an initial Senate hurdle, but the bill's fate remains in doubt. The vote Tuesday was 60-37 to limit debate on the legislation, with a half-dozen Republicans siding with the Democrats.
Two Goodyear bosses held captive by workers spent the night inside a factory in northern France that the company wants to close. The plant, which Goodyear has tried to sell or shutter for five years, has become an emblem of France's labor issues.
The tight count exposed deep rifts in the once-powerful union, but with plenty of states lining up to give Boeing exactly what it wanted to get work on the 777X, the aerospace giant had a tremendous advantage. The company, the state's governor, and national union leaders all hailed the contract as a vital boost to the region's economy, but to some observers the vote dealt a blow to local union influence.
The factory's union says the director and human resources chief were blocked from leaving after an especially difficult meeting Monday with staff; a Goodyear representative, speaking on condition of anonymity because of the tense situation, says the two managers were being held against their will.
The issue fractured the union and drew unusual pleas from politicians who said the deal was necessary to support the area's economic future. Boeing has been exploring the prospect of building the 777X elsewhere, a move that could trigger a steady exodus of aerospace jobs from the place where Boeing was founded.
Everyone in the manufacturing space has heard about the dramatic talent gap in the industry, where companies cannot find employees with the skills necessary to help run a high-tech operation. Knowledge in automation equipment, or with CNC machines, can be a rare commodity, with most young people moving toward other industries, and manufacturing-centric education faltering or disappearing elsewhere.
Operational Excellence is a continuous improvement journey facilitated by a culture and mindset of optimizing an organization’s people, processes, and supporting technology resources. Depending on current strategy and position, however, every company will have different Operational Excellence goals and objectives.
It's an assertion that has been accepted as fact by droves of the unemployed: Older people remaining on the job later in life are stealing jobs from young people. One problem, many economists say: It isn't supported by a wisp of fact.