The men and women representing Team USA in this year’s Summer Olympics may have been born, raised and trained in America, but as for their stylish Ralph Lauren uniforms, those were made entirely in China.
NuStep Inc. is not a big company. Based in Ann Arbor, MI, the exercise equipment manufacturer employs 80 people and tallied $24 million in sales in 2010.
Earlier this year, heavy equipment manufacturer Caterpillar Inc. chose Athens, GA, as the site for a new factory to assemble small tractors and excavators. The company will be reshoring some 1,400 jobs to the new facility from an existing plant in Japan.
There are a lot of ideas floating around Washington these days regarding the health and importance of U.S. manufacturing and what should be done about it.
Last September, Otis Elevator Co. announced that it was moving production from its factory in Nogales, Mexico, to a new, $40 million assembly plant in Florence, SC.
Last September, solar panel manufacturer Solyndra filed for bankruptcy and laid off 1,100 workers. The moves came just two years after the company received a $535 million loan guarantee from the Obama administration. Republicans have rightly criticized the administration over the loan, alleging that the Energy Department overlooked warning signs of Solyndra’s pending collapse.
In October, three class-action lawsuits were filed against several major automotive suppliers, alleging the companies engaged in a “massive, decade-long conspiracy to unlawfully fix and artificially raise the price” of wire harnesses. As shocking and disappointing as the allegations are, I can’t say I’m surprised.
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