ELMHURST, IL—Global sales of cordless power tools are expected to increase from $12.5 billion in 2022 to more than $16.9 billion in 2027, representing a compound annual growth rate of 4.5 percent, according to market research firm Technavio.

EL MARQUÉS, Mexico—Nexteer Automotive has broken ground on its new Mexico Technical Center here. 

OMAHA, NE—Manufacturers can attract new workers by offering better relocation benefits.

NITRA, Slovakia—On March 27, KleinVision, the Slovakia-based developer of the world's first certified flying car, the AirCar, announced a manufacturing agreement. 

ARLINGTON, VA— On Monday, March 26th, Boeing announced CEO Dave Calhoun will be stepping down at the end of 2024. As such, a search for a new chief executive is underway at Boeing.

GE Aerospace plans to invest more than $650 million into its manufacturing facilities and supply chain during 2024 to improve production and strengthen quality to better support its commercial and defense customers. Nearly $550 million will go to its U.S. facilities and supplier partners.

NASHVILLE, TN—Schneider Electric recently announced the company is expanding its manufacturing presence in Middle Tennessee. Schneider Electric will create 355 new jobs in Mt. Juliet as the company locates a new facility on Maddox Road in Wilson County. Additionally, Schneider Electric plans to expand in Smyrna with 100 new jobs at its Rutherford County location. Together, both projects represent a total investment of approximately $85 million. 

Wichita State University is leading a new a three-year project to assist NASA’s manufacturing paradigm shift from “factories on earth” to “factories in space.”

Automakers and suppliers are investing heavily in next-generation advanced driver assistance systems (ADAS).

AUBURN HILLS, MI—The expansion reflects the company’s focus on the US market and commitment to continued investment in Michigan. The expansion will create 72 highly skilled new jobs in the area and is supported by a $450,000 Michigan Business Development Program performance-based grant.