POTEAU, OK-Tiger Truck LLC will open its new headquarters and assembly plant here today.
Formerly based in Dallas, the privately owned company has 90 on payroll and plans to employ 300 within two years. The company invested $25 million to renovate 150,000 square feet in several buildings in Poteau Industrial Park and has started construction on another 25,000-square-foot building to accommodate projected demand. MORE
DETROIT-After weathering a major strike earlier this year, American Axle & Manufacturing Inc. hopes to make a profit in 2009 by becoming smaller in the United States. MORE
CHARLOTTE, North Carolina-Construction equipment manufacturer Atlas Copco is expanding its headquarters and manufacturing facility in Rock Hill, NC. MORE
HONG KONG-According to Asia Foundation vice president Allen Choate raw increasing wages and material and energy costs are rapidly eroding China’s historic price advantage. MORE
DETROIT-Responding to plummeting sales, General Motors Corp. has announced it is cutting North American truck production by nearly 300,000 units and laying off another 1,700 workers. MORE
MOSCOW-Daimler is considering acquiring a large stake in Kamaz, Russia’s biggest heavy truckmaker, in a move that could boost its sales in what has become Europe’s biggest market for commercial vehicles. MORE
HIGH POINT, NC-Since 2000, scores of U.S. factories have shut down as furniture companies shifted manufacturing to China in search of lower costs. But as rising inflation drives up factory wages in China and high oil prices make shipping costlier, some companies are considering moving back home. MORE