MILLS RIVER, NC—GF Automotive and Linamar Corp. will invest $217 million to build a new assembly plant here for lightweight powertrain components. The facility is expected to create 350 jobs during the next five years.
CLEVELAND—Ford plans to invest $145 million to upgrade its engine assembly plant here so it can build the next-generation, 3.5-liter EcoBoost engine and expand the lineup of cars and trucks that are offered with the popular engine.
WASHINGTON—Orders for big-ticket goods surged in January. The Commerce Department said Thursday that new orders of durable goods increased 4.9 percent last month, topping the median estimate of 2.9 percent that economists had been expecting.
CHARLESTON, SC—Volvo’s decision to open its first U.S. assembly plant in Berkeley County is likely to lure other businesses from the Swedish automaker’s home country. Nearly two dozen of Sweden’s automotive parts suppliers visited South Carolina last week to meet with executives at Volvo and other manufacturers as part of a campaign to expand the burgeoning Swedish car parts industry to other countries.