TUSKEGEE, AL—Korean auto parts manufacturer Samkee Corp. is investing $128 million to build its first U.S. assembly plant here, creating 170 jobs with an average pay of just over $20 an hour.
WASHINGTON— Production at auto plants rebounded 0.5% in January after two straight monthly declines. There were also gains in output of long-lasting manufactured goods like machinery, computer and electronic products, and electrical equipment, appliances and components.
WASHINGTON—
Under the 2021 bipartisan infrastructure law, federal infrastructure projects like EV chargers must obtain at least 55 percent of construction materials, including iron and steel, from domestic sources and have all manufacturing done in the United States starting immediately.
OSAKA, Japan—Global leader in lithium-ion batteries, Panasonic Energy, has agreed to supply batteries for Lucid’s full vehicle line-up, including the Lucid Air and upcoming Gravity SUV
LOS ANGELES—Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corp., is investing in Machina Labs, a start-up company developing technology that combines AI and robotics to rapidly manufacture advanced sheet metal products.
RACINE, WI—After more than 260 days on strike, roughly 1,100 CNH Industrial workers in Wisconsin and Iowa are going back to work after a new contract was voted on and signed Jan. 21.