SALEM, OR-Sanyo Electric Co. Ltd. broke ground this week on a new Renewable Energy and Technology Park here. The factory is scheduled to begin operating in October 2009 with the fabrication of solar ingots and wafers used for producing photovoltaic cells. MORE
NASHUA, NH-Axsys Technologies Inc., a manufacturer of surveillance and imaging systems, celebrated the opening of its new manufacturing facility here. The new 67,000 square foot facility nearly doubles Axsys Technologies’ current manufacturing space. MORE
Owners of a Pensacola hotel chain are looking at land in Century to build an electric vehicle assembly plant that could create 1,100 jobs within five years.
Project Green Leaf-which includes local hotel owners Jay and Nash Patel-may invest $23 million into an existing facility in Century’s industrial park, or buy 25 acres of land to build a plant to assemble electric vehicles.
As proposed, parts would be shipped from an electric car plant in France and assembled in Century. The vehicles would be sold here. MORE
DETROIT-With his company burning through cash and auto sales sinking to historic lows, GM’s CEO Rick Wagoner is pushing hard for a merger with Chrysler, and lenders are lining up in support of the deal.
The merger discussions are gaining momentum as both sides want to reach an agreement within the next two to three weeks. Financial institutions that hold Chrysler debt, including JPMorgan Chase and Goldman Sachs, are pressing Cerberus Capital Management, which owns Chrysler, to sell the automaker. MORE
VICTORIA, Australia-Ford has announced 450 new job cuts at its two plants in Victoria, bringing the total number of recent job cuts in Australia to 1,400. MORE
TORONTO-The Cosma body-and-chassis division of Magna International Inc. is building a second factory in Pune, India, to manufacture stamped and welded assemblies for both local consumption and export. MORE
WASHINGTON-Industrial production in September fell by the most in almost 34 years, due to a number of factors, including bad weather, the Boeing strike and the ongoing credit crunch. MORE
CHICAGO-What will it take to end the strike against Boeing Co. by 27,000 members of the International Association of Machinists and Aerospace Workers? MORE
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