SEOUL—General Motors Co. and Samsung SDI plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026.
JACKSON, TN—6K Energy, the cathode materials production division of 6K Inc., plans to establish a full-scale PlusCAM battery material manufacturing plant here. The $250 million project is expected to create 230 jobs in Madison County.
ARLINGTON, VA—A stronger-than-expected travel recovery has forced airlines to keep older jets in service for longer, helping companies such as Raytheon through sales of spare parts and other aftermarket services.
WASHINGTON—Investors are clamoring for details on the extent of the new supplier quality problem by Spirit AeroSystems, announced in April 2023, which Boeing said involves a "significant" portion of the 737 fleet. The problem involves two brackets were improperly installed.
STOCKHOLM—Sweden has revealed plans to strengthen its 'total defense' and establish a new agency tasked with reviewing and evaluating defense activities to avoid wasteful spending or poor planning.
DES MOINES—A controversial bill passed by the Iowa Senate in the wee hours of the morning would loosen child labor laws in the state and allow some manufacturers to employ children under the age of 18 in their facilities.