Embraer broke ground last week on its first U.S. aircraft assembly plant and customer center at Florida's Melbourne International Airport. Present at the ceremony were Florida Governor Charlie Crist, Melbourne City Mayor Harry Goode, and other distinguished State and local officials manning ceremonial shovels, along with Embraer President and CEO Frederico Fleury Curado.
The facility will be dedicated to the Brazilian planemaker’s executive jet business and is scheduled for completion in 2010. When full capacity is reached, the facility will produce up to eight Phenom business jets will be produced every month. MORE
WASHINGTON-Although negotiations are ongoing, the White House is saying that it and Congressional leaders have an agreement in principle regarding the proposed $15 billion bailout package for the Big Three automakers. MORE
MOSCOW-Ford Motor is following the lead of Volkswagen and Renault in suspending production at some of its Russian assembly lines as demand in that emerging market lags along with that of the rest of the world. MORE
WASHINGTON-Democratic leaders have predicted a $15 billion automaker bailout will pass Congress within the next two days, but a top Republican says disputes remain over a “deeply flawed” proposal. MORE
DETROIT-Supporters say the general perception of the Big Three and the UAW is not accurate, and that in Washington D.C. there is a double standard with respect to Detroit and Wall Street. MORE
CHICAGO-Workers at Republic Windows are staging a sit-in over vacation and severance pay they say they are owed. The company told workers last Tuesday that Bank of America canceled Republic's line of credit and that they would be out of jobs by the end of the week. MORE