12/16/2018

News

GM Bids Farewell to Its Breakthrough Electric Car

The plug-in electric vehicle won praise from auto critics who heralded the car as an engineering marvel when it was introduced in 2010. The acclaim eased some of the pain from GM’s bankruptcy at the time and showed that Detroit could still develop an enviable vehicle. The Volt, though, was also a big money loser […]

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Apple Plans Billion-Dollar Austin Campus in Wave of New Sites

Apple Inc. said it plans to invest $1 billion building a new corporate campus in Austin, Texas, promising to create as many as 15,000 jobs, as it and a handful of other tech giants expand their footprint well beyond the West Coast. The Cupertino, Calif.-based iPhone maker said it would also establish new offices in […]

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China ‘Is the Only One in the Race’ to Make Electric Buses, Taxis and Trucks

A national project to replace millions of gasoline-fueled taxis, buses and trucks with new electric models is boosting China’s ambitions to lead the global shift to battery-powered transportation. When it comes to the commercial electric-vehicle market, “China is the only one in the race; it’s all Chinese manufacturers,” said Sandra Retzer, the Beijing-based head of […]

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Second-largest CA firm may be preparing for move to Texas

California could be on the brink of one of its biggest corporate defections yet with the signs that McKesson Corp. – the pharmaceutical giant that is sixth on the Fortune 500 list – is preparing to move its headquarters from San Francisco to the Dallas area. Apple is the only California company that’s bigger than […]

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Did Elon Musk Forget About Buffalo?

Tesla has presented the Buffalo operation as a sort of sequel to the Gigafactory, the company’s enormous battery plant near Reno, Nev. But where that factory employs more than 7,000 people and has helped Musk transform Tesla into a major automotive manufacturer, large portions of Gigafactory 2, as this place is known, resemble an empty […]

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The jobs are here, but where are the people?

The US manufacturing industry continues to gain momentum. Job openings have been growing at double-digit rates since mid-2017, and are nearing the historical peak recorded in 2001.1 In this dynamic manufacturing environment, Deloitte and The Manufacturing Institute launched their fourth skills gap study, to reevaluate their prior projections and move the conversation forward on today’s […]

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Zacky Farms to close Fresno and Stockton plants; hundreds of workers to lose jobs

Zacky Farms, a family-run company that rose to prominence as a leading turkey producer, has officially announced it’s closing plants in Fresno and Stockton. About 1,000 workers will be impacted, a company official said. The company posted a statement on its website, saying it struggled to remain profitable despite attempts to seek business and capital.

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Factory-Sector Growth Retreated in October. Tariffs Could Be to Blame.

American factory activity decelerated in October, while an underlying gauge of activity in factories that make metal products contracted for the first time in about two years. The Institute for Supply Management on Thursday said its manufacturing index fell to 57.7 in October from 59.8 in the previous month, the lowest level in six months. […]

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UTC Aerospace to end aircraft systems manufacturing in Chula Vista, cutting 300 jobs

UTC Aerospace Systems plans to wind down manufacturing at its Chula Vista aircraft plant beginning early next year, eliminating around 300 jobs. The company — a division of Farmington, Conn.-based conglomerate United Technologies — said the decision stems from ending production of certain commercial aircraft models. The Chula Vista plant builds aerodynamic engine pods and […]

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U.S. Manufacturing Capacity Increases for 16th Month in a Row

U.S. manufacturers increased their capacity for the 16th straight month in September, fresh evidence that a strengthening economy is helping to propel a U.S. industrial rebound. The Trump Administration has prioritized increasing manufacturing investment in the U.S. with tax cuts and tariffs on a range of imported goods. Manufacturing capacity, tracked by the Federal Reserve, […]

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Is apparel manufacturing coming home?

Tomorrow’s successful apparel companies will be those that take the lead to enhance the apparel value chain on two fronts: nearshoring and automation. Both must be addressed, and in a sustainable way. Apparel brands and retailers in Europe and the United States can no longer do business as usual and expect to thrive. Owing to […]

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Report Cites Weaknesses in Industries Vital to U.S. National Defense

U.S. industries tied to national defense face an “unprecedented set of challenges” that have weakened their ability to quickly make the aircraft, parts and other materiel the military would need to fight rivals such as China or Russia, according to a new White House report. The vulnerabilities stem from factors including receding industrial capacity across […]

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Manufacturing confidence at all-time high despite workforce shortage

Optimism among U.S. manufacturers is soaring as the Republican-led tax cuts help fuel a white-hot economy with the lowest unemployment numbers in over a decade, but a significant labor shortage is undermining the gains, a new report shows. Nearly 93 percent of manufacturers are projecting further expansion for their businesses, and positive sentiment among smaller […]

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California manufacturer to move HQ, 40 jobs to Central Texas

AEND Industries Inc. plans to move its HQ from Huntington Beach, Calif., to Hutto in 2019. The company manufactures wheels for skateboards, long boards, scooters, wheelchairs, derby cars and other vehicles. It wants to build a 19,200-square-foot facility at North Town Commons Business Park, near the intersection of FM 1660 North and Limmer Loop. AEND […]

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U.S. Factory Sector Clocks Strongest Growth in 14 Years

American factory activity in August expanded at the strongest pace in more than 14 years, despite rising tensions with some of the U.S.’s largest trade partners. The Institute for Supply Management on Tuesday said its manufacturing index rose to 61.3 in August, the highest level since May 2004, from 58.1 in July. Sales of factory-made […]

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