WASHINGTON—A bipartisan group of lawmakers in the U.S. Congress is proposing legislation that would designate 25 manufacturing universities across the country and provide each with $20 million over four years. The designated universities would be expected to invest the funds in creating advanced manufacturing engineering programs, strengthening partnerships with manufacturers, and enabling more manufacturing entrepreneurship.
BERLIN—Volkswagen has for the first time edged past Toyota as the world’s No. 1 automaker during the first half of 2015. VW sold 5.04 million units from January to June, while Toyota’s count during the same period was 5.02 million.
AGUASCALIENTES, Mexico—Five years after announcing their strategic collaboration, Daimler and the Renault-Nissan Alliance are expanding its scope with the start of a manufacturing joint venture here. The automakers will invest $1 billion in the assembly plant, which produce compact cars for the Mercedes-Benz and Infiniti brands.
LA VERGNE, TN—American Standard Brands will establish a new manufacturing and distribution facility here. The manufacturer of bathroom and kitchen fixtures will invest $22 million and create approximately 600 new jobs with the project.
WASHINGTON—Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Outside of this volatile category, a key category that represents business investment rose by a far more modest amount.