Rancho Cordova’s role as a hub of the aerospace industry will soon end. Aerojet Rocketdyne Inc. Monday said it will eliminate 1,100 of its 1,400 local jobs over the next two and a half years, and will shut down manufacturing operations. Aerojet Rocketdyne said plans to consolidate its California-based Sacramento and Vernon operations and Gainesville, Va., sites while centralizing and expanding its existing presence in Huntsville, Ala. with a new state-of-the-art manufacturing facility.
The company said Monday that it’s ending negotiations with the Bay Area city of Vallejo to buy land for an automobile assembly plant.
FOUND IN: Transportation
The latest new vehicle sales data from California New Car Dealers Association shows continued but slowing growth in Californians’ purchases of new cars and trucks.