PRINCE GEORGE COUNTY, VA-Development is underway at the new Rolls-Royce aerospace manufacturing facility located on 1,000 acres of the Crosspointe Center property in Prince George County, VA.
Crosspointe will manufacture, assemble and test a range of aerospace components and products. The plant is expected to be operational by the end of 2009. MORE
SMYRNA, TN-Nissan North America Inc. will offer buyouts to some 6,000 employees at the company's two Tennessee plants and eliminate a night shift at one plant because rising fuel prices and the economic downturn have slowed sales of trucks and sport utility vehicles.
The technicians and salaried employees at the assembly plant in Smyrna and powertrain plant in Decherd, TN, will be offered a lump sum of $100,000 or $125,000 depending on tenure, as well as medical and car purchase benefits. MORE
POTEAU, OK-Tiger Truck LLC will open its new headquarters and assembly plant here today.
Formerly based in Dallas, the privately owned company has 90 on payroll and plans to employ 300 within two years. The company invested $25 million to renovate 150,000 square feet in several buildings in Poteau Industrial Park and has started construction on another 25,000-square-foot building to accommodate projected demand. MORE
DETROIT-After weathering a major strike earlier this year, American Axle & Manufacturing Inc. hopes to make a profit in 2009 by becoming smaller in the United States. MORE
CHARLOTTE, North Carolina-Construction equipment manufacturer Atlas Copco is expanding its headquarters and manufacturing facility in Rock Hill, NC. MORE
HONG KONG-According to Asia Foundation vice president Allen Choate raw increasing wages and material and energy costs are rapidly eroding China’s historic price advantage. MORE
DETROIT-Responding to plummeting sales, General Motors Corp. has announced it is cutting North American truck production by nearly 300,000 units and laying off another 1,700 workers. MORE
MOSCOW-Daimler is considering acquiring a large stake in Kamaz, Russia’s biggest heavy truckmaker, in a move that could boost its sales in what has become Europe’s biggest market for commercial vehicles. MORE