Tennessee has not made economic incentives for Volkswagen contingent on the German automaker rejecting the United Auto Workers union at its Chattanooga assembly plant, Gov. Bill Haslam said Wednesday. A top Democrat in the state House last week alleged that Haslam was trying to use economic incentives to sway Volkswagen against working with the UAW.
Ecotality, which makes charging systems for electric vehicles, has filed for Chapter 11 bankruptcy protection and wants to sell its assets in an auction. Ecotality Inc. said it made the filing Monday in Arizona. The company had said in August that it might be forced into a sale or bankruptcy filing after disappointing sales and a suspension of payments from the federal government.
Ford Motor Company is a global automotive industry leader, manufacturing or distributing vehicles across six continents. With 175,000 employees and 65 plants worldwide, the company has leveraged the dedication of its employees and UAW partnership to become more efficient, improve its product cadence, and be a more effective automotive industry competitor than ever before.
Dozens of layoffs are still expected at the Boise Inc. plant in International Falls, despite news the company is being acquired by Packaging Corp. of America. International Falls plant spokeswoman Lori Lyman tells WDIO-TV the acquisition doesn't change the loss of 265 local Boise jobs.
Chattanooga, Tenn., beat out 400 other cities to be the home of a new VW plant five years ago, which created jobs for 2,500 people. Jessica Davis is one of the workers who belong to the manufacturing middle class America is trying to rebuild. CBS News' Mark Strassmann reports.
In this issue, Ford readies its Kansas City location for 2,000 new jobs, a connector expert explains how to prevent downtime, experts discuss proper product selection for threadlocking and gasketing, and more.
Gov. Bobby Jindal and Benteler Steel/Tube marked the start of construction Monday with a groundbreaking on the company's new $975 million hot rolling seamless steel tube mill in Caddo Parish. The Paderborn, Germany-based company said the Louisiana site at the Caddo-Bossier Port was chosen from more than 100 possible locations due to its proximity to the North American oil and gas production market and the area's skilled workforce.
North and South Koreans got back to work Monday at a jointly run factory park after a five-month shutdown triggered by rising animosity between the rivals, with some companies quickly resuming production and others getting their equipment ready. South Korean business owners who have lost millions of dollars because of the hiatus say they'll need several months to recover.
Daimler Trucks North America announced Friday it will expand its Portland headquarters after state and city officials offered nearly $20 million in incentives. The unit of Daimler AG said its new building will house 400 new white-collar workers and hundreds of existing employees who now work in rented offices across the Willamette River.
Fiat and Chrysler CEO Sergio Marchionne said Friday that he is no closer to a deal for the Italian carmaker to take full ownership of Chrysler and in the meantime was moving ahead on the formalities of a public offering for the U.S. group.
Whether we like it or not, globalization has been a major factor in the staying power of many manufacturers. The practice of scattering production, jobs and plants across the globe has delivered great benefits to the consumer and the manufacturer. Companies have been able to squeeze as much efficiency as possible from the products they make so that what we desire is affordable and readily available.
Southwest Fastener has agreed to acquire The Bolt Company of New Mexico (The Bolt Company) under the terms of the agreement on September 10th, 2013. The acquisition combines two highly compatible fastener industry companies, and strengthens the presence of Southwest Fastener in the Albuquerque and in the state of New Mexico.
Buffalo's steel-making history helped the city land a $102 million factory that will produce pipes for the oil and gas industry and create 172 jobs, according to the president of the Dubai-based manufacturer. Gov. Andrew Cuomo said Tuesday that economic incentives for the project, which had been considered for Houston, include $2 million in funding from the sale of unallocated hydropower and up to $6.4 million in tax credits.
Gun manufacturer Sturm, Ruger & Co. could receive nearly $15 million for opening a new factory in the North Carolina community already home to America's largest firearms maker. Mayodan's town council on Monday approved offering Southport, Conn.-based Sturm, Ruger more than $850,000 over 14 years if it meets investment and job targets, The News & Record of Greensboro reported.
Gov. Rick Perry and top executives are attending the opening of a Fort Worth plant where cellphone pioneer Motorola will produce the first smartphone ever assembled in the U.S. Motorola is owned by Google, whose Executive Chairman, Eric Schmidt, will be on-hand Tuesday, as will Motorola CEO Dennis Woodside.
Politicians love promoting "made in America" during an election season but tend to forget about it once the dust settles. And so, for all the praise of American manufacturing in the last campaign – by Democrats and Republicans alike – very little has actually been done. So what happened to a real competitiveness – and – jobs agenda?
The Energy Department said it will lose about $42 million on a loan to a now-shuttered Michigan company that made vans for the disabled. Vehicle Production Group suspended operations in February and laid off 100 workers. The company had paid back $5 million of a $50 million federal loan this spring.
The last surviving manufacturer in the city's Third Ward, the Harri Hoffmann shoe polish company, continues to produce leather creams and lotions in a 121-year-old factory that's dripping in history — in a way that few other vintage factories can claim, the Milwaukee Journal Sentinel reported. The freight elevator, quintessential in a six-story brick building, is powered entirely by water.
Billionaire investor Carl Icahn is ending his bitter takeover fight for struggling computer maker Dell a few days before shareholders are scheduled to consider the latest buyout offer from company founder Michael Dell. Icahn says he still opposes Michael Dell's bid but has determined it would be almost impossible to defeat it in a vote scheduled for Thursday.
Disston Company, manufacturer of hole saws, band saw blades, jig saw blades, reciprocating saw blades, drill bits, and other hand and power tools, held an open house August 30, 2013 celebrating its move to its new facility in Chicopee. Following welcoming remarks from dignitaries and a ribbon cutting ceremony, Disston’s Mike Rau, Vice President of Operations, led visitors on a tour of the plant.
The Timken Co. said Thursday that it plans to split the company into two publicly traded companies. The Canton, Ohio, company's board approved a plan to separate its steel business from its bearings and power transmission business through a spinoff.
Italian carmaker Fiat, which controls Chrysler, will go ahead with investments in its flagship Mirafiori plant in Turin, where it will produce Maserati SUVs. Fiat confirmed the decision Wednesday, after signing a contract with seven unions on flexible work rules.
Toyota Motor Corp. is investing $90 million in its Buffalo, W.Va. manufacturing plant. Gov. Earl Ray Tomblin announced Friday the automaker's investment will create about 80 jobs. Tomblin says Toyota Motor Manufacturing West Virginia Inc. plans to increase production of 6-speed automatic transmissions by 20,000 per month by early 2015.
Nordex USA Inc. is repaying more than $2.5 million it received in incentives after announcing it would halt production on its wind turbine plant in Jonesboro and lay off 40 workers. The Arkansas Economic Development Commission announced Friday that the company would repay $2.31 million to the state and $204,814 to Jonesboro that it had received for the wind turbine plant.
The Illinois Environmental Protection Agency says limited manufacturing may resume at a fire-damaged northern Illinois chemical plant. Agency officials and attorney general's office gave the approval Wednesday for the Nova-Kem plant in the town of Seward, about 18 miles west of Rockford.