DETROIT——Ford Motor Co. last month announced that it was canceling plans to build a $1.6-billion small-car assembly plant in San Luis Potosi, Mexico. But, the automaker is still going ahead with plans to open two other new plants in the country: a $1.1-billion engine plant in Chihuahua, and a $1.2-billion transmission facility in Guanajuato. Both are planned to become operational later this year, supplying engines and transmissions for the US, South America, Europe and Asia.
WASHINGTON, DC——A Border Adjustment Tax sounds innocuous, but executives of major retailers warn that a 20 percent import tax would punish American consumers by raising the prices of electronics and other goods manufactured abroad.
MUNCIE, IN--President Donald Trump focused a large part of his campaign on the fragile state of American manufacturing, vowing to bring those lost jobs back stateside. However, a new Ball State University study suggests that outsourcing accounts for only a small fraction of the 5 million manufacturing job cuts in the past 16 years.
MESA, AZ--Apple Inc. is seeking permission to conduct high-tech manufacturing and to build data-center server gear in a facility here, according to a notice published last week by the US federal government. A notification published in the Federal Register on Jan. 16 said Apple was looking for approval from the Foreign-Trade Zones Board to produce "finished products" in a special zone that exempts it from customs duty payments.
WASHINGTON--U.S. industrial output jumped in December, retracing the decline in November, which was bigger than originally reported, with consumer goods and utilities leading the way, the Federal Reserve reported last week.
DETROIT--Toyota’s plan to invest $10 billion in the U.S. over five years includes spending more than a billion dollars at the Georgetown auto assembly plant. The Japanese automaker executives reaffirmed that commitment during the North American International Auto Show here last week.