FORT WORTH, TX-In a visit to the plant where
Lockheed Martin assembles the F-35
Lightning II, Secretary of Defense Robert Gates said the airplane
is crucial to the nation’s defense. MORE
NEW DELHI, India- Indian Automaker Mahindra & Mahindra is looking to acquire a U.S. assembly plant as it sets to enter the North American market early next year. The company will initially introduce its pick-up truck in the United States, to be followed by a sport utility vehicle by the end of 2010. MORE
LORDSTOWN, OH-With $350 million in new equipment, General Motors Corp. says its sprawling Lordstown complex will lead the struggling automaker into a new era. MORE
ELGIN, IL-Winergy Drive
Systems Corp. and Siemens Drive Technologies have opened a second $20 million
plant to meet growing demand for wind generators in the United States. MORE
SHANGHAI - General Motors China and the state-owned automaker FAW Group Corp.
have launched a $293 million joint venture to make light-duty trucks and vans
for the China market. MORE
WASHINGTON-Cash for Clunkers generated nearly 700,000 new car sales and ended under its $3 billion budget, the Transportation Department said Wednesday. Releasing final data, the government said dealers submitted 690,114 vouchers totaling $2.88 billion. Japanese automakers Toyota, Honda and Nissan accounted for 41 percent of the new vehicle sales, outpacing Detroit automakers General Motors, Ford and Chrysler, which had a share of nearly 39 percent. MORE
WESTBOROUGH, MA-The building was leased, the press alerted, and the state had pledged millions in support. Battery manufacturer Boston-Power Inc. was ready to accept a huge chunk of change from Washington to pay for a new factory in Auburn, MA. Then, on Aug. 5, the word came down. The company would not get the $100 million in federal stimulus money it hoped for. Now, the company says it will build the plant elsewhere-perhaps in Europe or Asia. MORE
LANSING, MI-Gov. Jennifer Granholm says a
plan to convert Ford's shuttered Wixom factory into a $725 million
renewable
energy park could create more than 4,000 jobs and become the crown
jewel of
Michigan's new economy. MORE
CHICAGO-After years of delay and technical
problems, Boeing now says its groundbreaking 787 Dreamliner will finally take
to the skies by the “end of 2009.” MORE
AUBURN HILLS, MI-Chrysler Group LLC has sued Daimler AG, accusing the German automaker of failing to uphold parts delivery contracts and jeopardizing the production of key 2010 vehicles. MORE
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