TRAVERSE CITY, MI—Americans are keeping their cars and trucks longer than ever. The average age of cars and trucks on U.S. roads hit a record of 11.4 years in January.
FULTON, KY—Kayser Automotive Systems will spend $17.5 million to build an assembly plant here. Expected to employ 121 people, the facility will produce parts for engines and fuel tanks.
WASHINGTON—New orders for manufactured goods increased $7.6 billion (1.5 percent) to $496.7 billion for June, according to Commerce Department. It marks the fourth increase over a five-month period, and it’s the highest level of new orders recorded since data was first collected in 1992.
INDIANAPOLIS—Indiana has become the second-biggest state in terms of automotive gross domestic product, according to the U.S. Bureau of Economic Analysis.
WASHINGTON—U.S. manufacturing activity heated up in July to a two-year high in the second straight month of growth, according to a monthly index compiled by the Institute for Supply Management.
SCHAUMBURG, IL—Sunstar Americas Inc., a manufacturer of oral health care products, is building a new manufacturing facility here that could employ 400 people.