GREENFIELD, IN—BeijingWest Industries Co. Ltd., which manufactures automotive brake and suspension systems, will locate its first U.S. assembly plant here, creating up to 441 new jobs by 2021. The company will invest more than $80 million to build and equip the facility.
WASHINGTON, DC--U.S. manufacturers' output fell 0.4 percent in March, led by a large step-down in the production of motor vehicles and parts, the Federal Reserve announced last week. Factory output aside from motor vehicles and parts moved down 0.2 percent. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 percent.
FREMONT, CA--To meet its self-imposed Septembes deadline for the production of its Model 3 sedan, Tesla is planning to bypass prototyping and bring the vehicle directly to final production. Industry experts caution, however, that the approach poses assembly line risks and will cost millions in production equipment if it fails.
LITTLE FALLS, MN---Indiana-based Wabash National, which makes high-test, lightweight truck trailers, recently acquired the just-shuttered Larson Boat plant here and plans to invest $11 million to renovate and equip the facility. The company hopes to employ 70 people by 2019 and 100 or more within five years.
ANDERSON, IN—Automotive supplier NTK Precision Axle Corp. plans to expand its operations in Indiana by establishing a new axle assembly plant here. The company plans to create nearly 200 jobs over the next five years.