Job Creation

GM to add 750 jobs at Missouri plant

General Motors Co. said Tuesday it will add about 750 new jobs and a third shift early next year at its Wentzville Assembly Plant in Missouri to help meet demand for the new 2015 Chevrolet Colorado and GMC Canyon pickups.

The Detroit automaker said dealers have ordered about 30,000 Colorado pickups, which is seven times what it expected. Dealers also have ordered about 14,000 Canyons.

“We have had some great dealer early input,” said Brian Sweeney, head of Chevrolet sales and service in the U.S., in an interview.


 

U.S. automakers push currency provisions in trade deals

U.S. automakers expressed frustration on Tuesday that trade negotiators aren’t pushing harder to include currency rules in international trade agreements.

The American Automotive Policy Council (AAPC), which represents the big three auto companies, said they are “alarmed” that the latest round of Trans-Pacific Partnership (TPP) talks in Hanoi have ended without the subject being discussed.

"After 21 rounds of TPP negotiations, we remain alarmed that a key priority for the U.S. Congress has been ignored,” said AAPC President Matt Blunt.

U.S., Japan ‘Really Making Efforts' To Strike Deal in Auto Talks, Mori Says

he U.S. and Japan are “really making efforts to strike a deal” as soon as possible in bilateral auto negotiations related to the Trans-Pacific Partnership (TPP), Japanese TPP Ambassador Takeo Mori said Sept. 5.

In remarks to reporters following three days of negotiations with acting Deputy U.S. Trade Representative Wendy Cutler in Washington, Mori said that the talks are at the “endgame” stage, but he declined to estimate when they would be concluded.

GM's new manufacturing strategy helps breathe new life into Tennessee town

General Motors Co.’s Spring Hill complex is on a path that may lead to a doubled workforce and become a vision of GM’s manufacturing future.

The town and its namesake auto plant, 35 miles south of Nashville, were home to Saturn manufacturing for more than a decade before GM stopped assembly operations for nearly three years following its bankruptcy. It became a metaphor for GM’s overreach, its fall and now its resurgence.

Lincoln MKC brings $129 million investment, 300 new jobs to Louisville Assembly Plant

Today, Ford Motor Company announced the hiring of 300 new employees and a $129 million investment in Louisville Assembly Plant to support production of the all-new 2015 Lincoln MKC.

Production of Lincoln’s newest vehicle began in May. MKC is the second of four all-new Lincoln vehicles being introduced by 2016, and will go on sale in China, along with the MKZ sedan, when the Lincoln brand debuts there later this year.

Groups Call For Tough Policy on Foreign Currency Manipulation

Leaders from three manufacturing groups held a news conference, calling on Congress, the White House and trade negotiators to get tough on countries engaged in currency manipulation.

China is their primary target, having tied the value of its dollar to the U.S. dollar instead of allowing it to be determined in foreign exchange markets.

They said U.S. manufacturing may be on a post-recession rebound, but it's being undermined by China's, Vietnam's and a handful of other countries' practice of currency manipulation.

 

Manufacturers fight back against currency manipulation

Currency manipulation has a huge impact on manufacturers, says Bill Adler, president of Stripmatic Products Inc. in Cuyahoga Heights. Indeed, the past chairman of the Precision Metalforming Association thinks it's the biggest hurdle U.S. companies face when it comes to competing globally.

“We see and feel the direct impact of lost jobs, lost revenues because of unfair currency manipulation,” Adler said.