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Manufacturers look forward to partnering with President's Council on Jobs and Competitiveness NAM Share     National Association of Manufacturers President and CEO Jay Timmons issued the following statement on the creation of the President's Council on Jobs and Competitiveness: "Jeff Immelt gets it. He understands that our country needs a strategy for sustained economic growth and competitiveness if we are going to succeed in the international marketplace. The President's appointment of Jeff to lead the Council on Jobs and Competitiveness is very welcome news to manufacturers." More
Immelt to head new advisory board on job creation The Washington Post Share
President Obama launched an initiative to spur U.S. job growth and global competitiveness, assigning those missions to a new economic advisory council and tapping a prominent, export-oriented business executive to head it. In announcing the appointment of General Electric chief executive Jeffrey Immelt to chair the council, Obama hailed him as an innovator who can advance the administration's goal of dramatically boosting U.S. exports as a way to create jobs. More China leader pledges US jobs Agence France-Presse via IndustryWeek Share
Chinese President Hu Jintao on Jan. 21 promised to help create needed jobs in the United States as he basked in a warm welcome in Chicago at the end of an often contentious state visit. A day after heated discussions with lawmakers in Washington, Hu tried to show a more human side of the rising Asian power as he visited the third largest city, where he met with business leaders, students and local dignitaries. More
Toyota beats GM to end 2010 as biggest automaker Agence France-Presse via IndustryWeek Share
Toyota said on Jan. 24 that its group sales in 2010 rose, enabling the firm to narrowly retain its title as the world's biggest automaker despite a global safety crisis that damaged its brand image. But analysts warn that after a year that saw the recall of millions of vehicles, a wave of lawsuits and record fines, the company is likely to soon surrender that lead as it battles to regain consumer trust overseas. More Mitsubishi to launch 8 new green models by 2016 Agence France-Presse via IndustryWeek Share
Japan's Mitsubishi Motors said on Jan. 20 that it would launch a new line-up of environmentally friendly cars by March 2016 and double operating profit in the next three years by focusing on emerging markets. Mitsubishi will launch a total of eight electric vehicles and plug-in hybrids, starting with a mini commercial vehicle, the MINICAB-MiEV, the company said as it unveiled a new mid-term business plan. More
Obama visits GE turbine plant The Associated Press via Manufacturing.net Share
President Barack Obama has taken a factory tour and wrapped up a speech to an audience of workers and local leaders at General Electric's energy division in Schenectady, a sprawling complex where Thomas Edison built the corporate giant. After decades of rust-belt downsizing, GE is expanding with new manufacturing of sodium-based batteries scheduled to start there in November. The plant is still producing generators and steam turbines. More GM to build engines In Mexico The Associated Press via Manufacturing.net Share
General Motors is investing $540 million to build fuel-efficient engines at its plant in central Mexico. Labor Secretary Javier Lozano says the plant in the city of Toluca will produce lower-emission 1.6 and 1.8-liter, 4-cylinder engines for export. The investment will provide 500 new jobs. More
Tata backs Rio Tinto's Riversdale buy The Financial Express Share
Riversdale Mining said its board of directors, including Tata Steel nominee N K Misra, has recommended Rio Tinto's 3.9 Australian dollar takeover bid in the absence of a "superior proposal." The development comes amid speculations of a possible rival bid by ICVL, an Indian consortium of five state-run companies, while Riversdale's largest stakeholder Tata Steel is yet to come out with its plan for the Australian miner. The development comes amid speculations of a possible rival bid by ICVL, an Indian consortium of five state-run companies, while Riversdale's largest stakeholder Tata Steel is yet to come out with its plan for the Australian miner. More GE, Chinese aviation company form joint venture The Associated Press via Manufacturing.net Share
General Electric Co. said Friday it has formed a joint venture with a Chinese aviation company to develop and market avionics systems for commercial aircraft. The venture is an equal partnership between GE Aviation and Aviation Industry Corporation of China. Dubbed GE-AVIC Civil Avionics Systems Company Ltd., the venture will initially focus on developing integrated avionics systems for the C919 aircraft. Anticipated deliveries of the C919 represent a potential market value for the joint venture of about $2 billion, GE said. More |
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