Good news! According to a new survey of global businesses conducted by American Express and the Centre for Business and Economic Research (CEBR), U.S. companies are the most bullish and optimistic when it comes to business-to-business (B2B) spending than companies in five other industrialized countries.
In January 2017, Toyota pledged to invest $13 billion in its U.S. operations over five years. On June 30, the company announced it will reach that goal a year early.
The impact of COVID-19 on this country didn’t need to be this bad. It shouldn’t have been this bad. But this is what happens when a country turns its back on manufacturing. America traded its independence for short-term corporate profits, and recovery is going to take much more than a few trillion dollars in federal emergency loans. A euthanized industrial base can’t magically be brought back to life.
STOCKHOLM—Chinese auto investors are increasingly pouring money into Europe rather than the United States because of intense U.S. scrutiny of their deals under the Trump administration, according to Reuters news service.
TEMPE, AZ—U.S. manufacturing and services executives expect to see increased revenue, hiring and capital spending in 2017, reflecting confidence in the economy, according to a survey released May 22 by the Institute for Supply Management.
ALLISTON, Ont.--The federal and Ontario governments are each providing Honda Canada with grants of up to $41.8 million for upgrades and research and development at its operations in Alliston, Ont. The government money, along with up to $408.3 million from Honda itself, will go toward vehicle-assembly technology, as well as the design and construction of a new paint shop that is expected to cut greenhouse gas emissions nearly in half.
SEOUL, South Korea—LG Electronics’ newly appointed CEO Jo Seong-jin said Sunday that the South Korean electronics OEM is considering setting up its first home appliance assembly plant in the U.S. within the first half of this year.
It is too little and too late to keep writing “manufacturing matters.” Everything else in the economy is secondary to manufacturing, mining and farming. Only these activities build wealth.
