WASHINGTON--A slump in motor vehicle production pushed down U.S. factory output unexpectedly in July, the Federal Reserve said last week. According to the Fed, automobile production fell 3.6 percent in July, the fourth decline in the last five months.
SEOUL--Representatives from South Korea and the United States will sit down at the negotiating table this week here to discuss possible amendments to the free trade agreement between the two countries.
BAODING, CHINA--Chinese automaker Great Wall Motor Co. said on Monday that it was interested in buying the Jeep brand. Fiat Chrysler Automobiles, the Italian-controlled company that owns Jeep, said it had not heard from Great Wall, however, suggesting that considerable ground would have to be covered before a deal could be reached.
HANFORD, CA--Faraday Future recently abandoned plans to build its own tailor-made factory from scratch in Nevada, but has now signed a lease on a new ready-made production facility here. The company says the new factory should be ready to help deliver the first production FF 91 vehicles by the end of 2018.
EXPLORATION PARK, FL--OneWeb LLC, a Britain-founded company with offices in Arlington, VA, is well on the way to having its satellite manufacturing plant established here.
WASHINGTON—Toyota Motor Corp. and rival Mazda Motor Corp. are planning to build a $1.6 billion U.S assembly plant as part of a new joint venture. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers.
CANTON, MS—Workers at Nissan Motor Co. Ltd.’s assembly plant here voted nearly two to one against representation by the United Auto Workers. The vote at the end of a bitterly contested campaign extended a decades-long record of failure by the union to organize a major automaker’s plant in the South.
WOBURN, MA—Executives at Ionic Materials have announced a design breakthrough that could make solid-state alkaline batteries a viable alternative to lithium-ion and other high-energy storage technologies for computers, smartphones and electric vehicles
NAGOYA, Japan—Japanese appliance manufacturer Rinnai will start producing gas-powered tankless water heaters in the United States. The company will initially lease a plant in Georgia and later build its own assembly plant there. Investment will total some $79 million.
MADISON, WI—In what’s being called the largest economic development project in state history, Taiwanese electronics giant Foxconn plans to build a $10 billion plant in Wisconsin that would create liquid-crystal display panels and employ as many as 13,000 people.
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