Volkswagen Group of America Inc. has picked three suppliers for the midsized sedan it will make at its Chattanooga assembly plant. Dräxlmaier Group will produce the cold-end exhaust system, and EMCON Technologies will produce wire harnesses. Saturn Electronics and Engineering Inc., a certified minority business enterprise, will build a solid-state electronics module for the vehicle. MORE
A Finland-based manufacturer of AC drives was awarded more than $500,000 in state assistance to build its North American headquarters in Chambersburg, PA. The facility is expected to create about 100 new jobs. MORE
Sypris Technologies Inc., a manufacturer of components for truck axles, will invest $25.4 million to expand its manufacturing facility in Morganton, NC, and add 203 jobs by the end of 2013. MORE
Embraer broke ground last week on its first U.S. aircraft assembly plant and customer center at Florida's Melbourne International Airport. Present at the ceremony were Florida Governor Charlie Crist, Melbourne City Mayor Harry Goode, and other distinguished State and local officials manning ceremonial shovels, along with Embraer President and CEO Frederico Fleury Curado.
The facility will be dedicated to the Brazilian planemaker’s executive jet business and is scheduled for completion in 2010. When full capacity is reached, the facility will produce up to eight Phenom business jets will be produced every month. MORE
WASHINGTON-Although negotiations are ongoing, the White House is saying that it and Congressional leaders have an agreement in principle regarding the proposed $15 billion bailout package for the Big Three automakers. MORE
MOSCOW-Ford Motor is following the lead of Volkswagen and Renault in suspending production at some of its Russian assembly lines as demand in that emerging market lags along with that of the rest of the world. MORE
WASHINGTON-Democratic leaders have predicted a $15 billion automaker bailout will pass Congress within the next two days, but a top Republican says disputes remain over a “deeply flawed” proposal. MORE
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