Gordon Schremp, senior fuels analyst for the California Energy Commission, said he was aware of Harris’ investigation of the state’s refiners. . . “There have been all kinds of major allegations,” Schremp said. “I’ve seen [attorney general investigations] with all kinds of price spikes. I don’t know of an incidence where they’ve come back and said, yes we’ve found manipulation in the gasoline market.”
Los Angeles has hemorrhaged manufacturing jobs since 2007, casting a pall over the state’s economic recovery, according to a forecast released Tuesday by Chapman University.
The defense unit will be based in Huntsville, Ala., and it will include the company’s in-house development team Rocket Shop.
Manufacturing has enjoyed something of a renaissance since 2009 — after 12 years of declines, it has gained back 828,000 jobs. . . No. 6 San Diego-Carlsbad, which, like most metro areas, has lost industrial employment over the past decade, has seen a bit of a rebound since 2010, with an 11.5% expansion to 106,700 jobs concentrated mostly in aerospace and nondurable goods. . . But if Chicago’s loss can be attributed to the overall decline of the old industrial base, Los Angeles’ steady losses have come from a more modern mix of aerospace, design and specialty manufacturing. Since 2010 — despite the rapid growth in many manufacturing areas — Los Angeles has managed to lose an additional 3.37% of its industrial jobs. Over the past 25 years, the Big Orange has seen its once thriving industrial base fall from 785,400 to 356,100 jobs—a decline of almost 55%. In both Chicago and Los Angeles, the decline of manufacturing has accompanied demographic stagnation, high rates of poverty and mediocre overall job growth.
It’s the third tax credit Gov. Jerry Brown’s Go-Biz board has approved in the hyper-competitive electric car market. It previously approved $15 million for Tesla and $10 million for Faraday Future.
The Atieva USA Inc. plant would employ nearly 1,300 workers and cost $530 million to build, according to documents filed with the California Alternative Energy and Advanced Transportation Financing Authority.
The manufacturing sector shed 10,000 jobs, and has shown job losses in three of the past four months. Year-over-year growth in manufacturing employment has been negative for three months in a row, and it would appear that whatever manufacturing employment renaissance occurred in the years immediately following the Great Recession is over. . . Part of the answer came this week in the Job Openings and Labor Turnover Survey, which suggests that manufacturing employment weakness may be a result of a lack of labor supply, not lack of demand. Manufacturing job openings in April jumped to a 15-year high.
Close to 500 company leaders-from family-owned small businesses to world-recognized brands-are on Capitol Hill as part of the NAM’s 2016 Manufacturing Summit. We are making one request of policymakers: Unleash our power to compete and win globally, with a focus on three key legislative issues: the Trans-Pacific Partnership (TPP), a fully functioning Export-Import (Ex-Im) Bank Board and comprehensive business tax reform.
Reviving the manufacturing sector won’t be easy—but, these advocates argue, it’s crucial. Manufacturing is one of the best generators of wealth for an economy, requiring processes, materials and work skills that create employment and profits at each step in an assembly. Countries that don’t make anything eventually start to lose their edge in research and product development.
California ranked last among the 50 states in per capita manufacturing investments in 2015, attracting only 1.5 percent of investments made in the US, according to data analyzed and released this week by the California Manufacturers & Technology Association (CMTA).
The Vallejo City Council voted unanimously Tuesday night to enter into a six-month exclusive negotiating agreement with FF LLC, a special-purpose entity created by Faraday Future to discuss and purchase a 157-acre parcel of land on Mare Island.
In a freewheeling talk before shareholders Tuesday, Musk said he and his Tesla team will completely rethink the factory process, hoping to bring “factors of 10 or even 100 times” in improvements in efficiency to the manner in which “you build the machines that build the machine.”
“C&S has had a long history in California,” said Jeff Heikke, president of Precision Aerospace Products LLC, which is the company’s parent company, in a statement. “We look forward to the aerospace resources the Fort Worth market offers along with a lower cost of living for our employees and greater flexibility in our day to day operations.”
Los Angeles-based Faraday Future, a private electric car startup, is close to locking in an exclusive negotiating agreement with the City of Vallejo to buy a 157-acre site to build a production facility and showroom. The potential deal would be a huge economic boost for Vallejo, which emerged from bankruptcy five years ago.
U.S. factories have seen better days. Slow global growth and a strong dollar are weighing on manufacturers’ international ambitions. But a solid U.S. job market and still-low interest rates are supporting factories focused on domestic customers. That divide, as the Journal reported Monday, is showing up throughout recent manufacturing reports.
