NOVI, MI—Magna International Inc. plans to spend $48 million on a new headquarters facility here for its seating division. The project is expected to add 164 jobs.
CHICAGO – U.S. auto sales maintained a steady pace of growth in June, and consumers were opening their wallets for more expensive models and upgrades, industry data show.
PALM BAY, FL—Oakridge Global Energy Solutions, a lithium battery manufacturer, is proposing to invest $270 million to build an assembly plant here and create 1,000 new jobs by the end of 2018.
MADISON, WI—Researchers from at the University of Wisconsin-Madison have designed a nanogenerator capable of deriving energy from the friction encountered by a car’s rolling tire.
WASHINGTON—Solid job growth is finally boosting paychecks for the rest of us. Incomes for the bottom 99 percent of American families rose 3.3 percent last year to $47,213, the biggest annual gain in the past 15 years, according to the Washington Center for Equitable Growth.
CHATTANOOGA, TN—Automotive supplier Gestamp will invest $180 million and add more than 500 jobs to triple production capacity at its assembly plant here.