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Magna Breaks Ground on New Hummer EV Plant

Later this year, General Motors is planning to release its all-new 2022 GMC Hummer EV. The new release will remark the return of the Hummer brand, and most notably, as an all-electric vehicle, a shift from its past reputation as a gas-guzzler. With demand expected to be high, as many initial pre-orders have already sold out, GM is taking steps to ensure there will be enough parts for production, ...

Weekly Wrap Up For February 26th, 2021

 Join John Kennedy, CEO of NJMEP and Ethan Karp, CEO of MAGNET as they discuss the iteration program that MAGNET has implemented to assist startup manufacturers. Amid Shortage, AMD, Intel Push Biden Admin to Invest in Chip Manufacturing Currently, industries from consumer electronics to automotive are starting to feel the impacts of the shortage of semiconductor chips. These ...

Ohio Nonprofit Awards $400,000 Grant to Burrows Packaging for Local Investments

On Wednesday, Ohio-based private nonprofit JobsOhio announced that they would be awarding Burrows Packaging with a $400,000 grant to help the company invest in new machinery, equipment, and other infrastructure. Burrows, which is a Novolex brand, plans to use the grant as part of their strategy to grow two of their food packaging plants located in Ohio. The facilities are home to more than 300 ...

USMCA Could Mean More American-Built Cars in the Future

Last year, the new USMCA trade deal to replace the North American Free Trade Agreement was ratified and included new provisions regarding auto manufacturing. As part of the new agreement, 75% of auto parts must be made in North America within a certain time frame to be exempt from import tariffs, with 40% to 45% of said parts needing to be made by workers who make $16 or more an hour. While some ...

Amid Shortage, AMD, Intel Push Biden Admin to Invest in Chip Manufacturing

Currently, industries from consumer electronics to automotive are starting to feel the impacts of the shortage of semiconductor chips. These vital chips, many of which are produced overseas, have seen limited production in the past year due to Covid-19. Now, as industries begin to revamp production capabilities, top tech executives are trying to get the Biden administration to take advantage of ...

Weekly Wrap Up For February 19th, 2021

 Norbert Ore, Director of Industry Surveys for Strategas Securities, LLC, discusses the strengthening of manufacturing in the U.S., EU, and Asia, and the near pre-Covid levels of production and expansion. GM to Invest $100 Million in Two U.S. Plants In the automotive industry, it appears that transmissions have become a popular area for investments. Last week, ZF announced ...

House Panel Approves $42.5 Billion in Assistance for Transportation

While the impact of the Covid-19 pandemic is being felt in many different sectors, the transportation sector is one that has been hit the hardest. Due to concerns over the virus, many Americans have been limiting their travel, which means less business and fewer projects being completed. In an effort to provide assistance, a House of Representatives committee has voted to approve new relief ...

GM to Invest $100 Million in Two U.S. Plants

In the automotive industry, it appears that transmissions have become a popular area for investments. Last week, ZF announced their plans to invest $200 million in North America for the production of their PowerLine transmissions. Now, GM has also announced plans to invest $100 million in two of their U.S. plants to boost transmission production. $93 million will be going to the company’s ...

Weekly Wrap Up For February 12, 2021

 Congresswoman Mikie Sherrill (D-NJ-11) and John Kennedy, CEO of the New Jersey Manufacturing Extension Program discussed several topics with hosts Lew Weiss and Tim Grady, including an infrastructure bill to update and rebuilt the backbone of America: it’s highways, roads, tunnels, bridges, and other systems that were built and expanded across the decades, and a National Defense ...

China Begins Stockpiling Chips, Chip-Making Machinery

Currently, many manufactures are dealing with a shortage of semiconductors, which are especially vital for tech manufacturing. China, dealing with both the current shortage and increasing tech bans from the U.S., is now taking steps to ensure it will have enough available domestically. Last year, Chinese companies bought nearly $32 billion of equipment for computer chip manufacturing from ...