DEARBORN, MI-Ford Motor Co. is investing $55 million to convert a
closed V-8 factory in Brook Park to build its new V-6 “EcoBoost” line of engines.
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Henkel Corp., an international supplier of adhesives and sealants for industrial, commercial and home use, plans to expand its Salisbury operations. The company plans to invest more than $23.7 million and to create 103 jobs during the next three years. The announcement was made possible in part by a $206,000 grant from the One North Carolina Fund. MORE
ATLANTA-KMC Corp., a South Korean company that makes ball valves for gas lines, oil fields and chemical plants, plans to open a new factory here. The $5 million investment will produce 60 jobs. In a news release, KMC chairman C.M. Jung said the Atlanta factory will allow the company to be more competitive in the U.S. market. MORE
LAWRENCE PARK, PA-Cleaner, faster, safer and more reliable. That’s how General Electric is describing its latest locomotive to roll off the assembly line here. GE says this new locomotive will cut fuel consumption by 17 percent and reduce emissions by 70 percent compared with existing locomotives. MORE
FRANKFURT - German automaker Daimler AG has acquired a nearly 10 per cent
stake in California-based electric car maker Tesla Motors Inc. as part of plans
to ramp up its own electric car production. MORE
OTTAWA, Canada-The Canadian Auto Workers union
wants to make sure General Motors of Canada doesn't import any more vehicles
from offshore countries. MORE
UNION, NJ-Breeze-Eastern Corp. has entered into a lease agreement for the relocation of its corporate offices and manufacturing facility to an existing facility located in Whippany, NJ. “We are very excited about the efficiencies that we expect to gain in our new space, which will be designed and outfitted to our specifications,” says Robert L. G. White, president and chief executive officer of the company. MORE
GRAND RAPIDS, MI-Dematic has informed employees it might move it’s Grand Rapids manufacturing operations to Memphis, TN. Dematic says that possibility is part of the company’s overall efforts to reduce operating costs. MORE
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