FREMONT, CA--To meet its self-imposed Septembes deadline for the production of its Model 3 sedan, Tesla is planning to bypass prototyping and bring the vehicle directly to final production. Industry experts caution, however, that the approach poses assembly line risks and will cost millions in production equipment if it fails.
LITTLE FALLS, MN---Indiana-based Wabash National, which makes high-test, lightweight truck trailers, recently acquired the just-shuttered Larson Boat plant here and plans to invest $11 million to renovate and equip the facility. The company hopes to employ 70 people by 2019 and 100 or more within five years.
HUNTSVILLE, AL—Aerojet Rocketdyne plans to build a new state-of-the-art factory here to build the company’s next-generation rocket engine. The facility is expected to create 800 jobs.
ANDERSON, IN—Automotive supplier NTK Precision Axle Corp. plans to expand its operations in Indiana by establishing a new axle assembly plant here. The company plans to create nearly 200 jobs over the next five years.
ACTON, MA—Medical device manufacturer Insulet Corp. will soon break ground on a new assembly plant here. The 195,000-square-foot factory will produce insulin pumps.
DEARBORN, MI—Ford Motor Co. will invest $1.2 billion in three Michigan facilities to prepare for production of the all-new Ford Ranger and Bronco, and to support the company’s expansion into mobility. The company will invest $850 million to retool its Michigan Assembly Plant in Wayne; $150 million in its Romeo Engine Plant; and $200 million to build a data center at the company’s Flat Rock Assembly Plant.
LINCOLN, AL—Honda will invest $85 million in its assembly plant here as part of a multiphase project to improve manufacturing flexibility, strengthen logistics, and prepare for future technologies.
TORONTO—Canada’s economy began 2017 on a tear, building on momentum from the end of last year that is being led by manufacturers and oil producers. Gross domestic product increased 0.6 percent in January, doubling economist expectations of 0.3 percent growth. From a year earlier, output was up 2.3 percent—the most since the start of 2015.
WASHINGTON—President Donald Trump ordered on Friday a comprehensive study to identify every form of “trade abuse” that contributes to U.S. deficits with foreign countries. “The theft of American prosperity will end,” Trump said at an Oval Office ceremony announcing the study, along with another directive to step up enforcement of existing trade penalties.
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