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The 'new Detroit' has a decidedly Mexican accent
AGUASCALIENTES, MEXICO — It might be a stretch to describe Aguascalientes in north-central Mexico as the new Detroit. But it wouldn’t be a huge stretch. Mexico’s automotive sector is at full throttle, and Aguascalientes is one of several cities primed by foreign car manufacturers to rev its engines. Once a sleepy railway crossroads, Aguascalientes now has two massive auto plants and a third on the way. This is making it what one national newspaper called a “mini-Detroit.” Christian Science Monitor
Submitted 1 years 343 days ago

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Port Canaveral could build $75 million auto depot
John Walsh envisions the Space Coast becoming a center for the auto import and export business, with hundreds of new high-paying jobs coming to the county. But Walsh, Port Canaveral's chief executive office, says, the port first may need to build a new $75 million auto-processing facility. Floridatoday.com
Submitted 1 years 343 days ago

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Mercedes adding 200 jobs at Vance AL plant
Mercedes-Benz U.S. International Inc. is once again expanding its workforce in Vance. The automaker said it plans to add about 200 full-time production jobs next year to accommodate rising consumer demand and the recent expansion of its production lineup. The company recently started production of the C-Class and is adding another new model in 2015. AL.com
Submitted 1 years 343 days ago

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Automakers Flood Into Mexico, Creating New Economic And Investment Opportunities
Is Mexico becoming the world's factory floor when it comes to auto production? benzinga.com
Submitted 1 years 343 days ago

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One-On-One: Ron Bunch says motorsports initiative will expand Bowling Green’s automotive cluster
Bowling Green is going to be the first community in the nation to implement “The Leader in Me.” Our schools are working with the Covey organization to pilot the middle and high school curricula. The publisher issued a new edition of the book – Bowling Green is in that edition, about how the community raised the money. It’s been an awesome experience. Lane Report
Submitted 1 years 343 days ago

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GM Announces Cadillac SRX Move to Tennessee
NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty along with General Motors officials recently announced the company will invest $185 million to make small gas engines at its Spring Hill manufacturing complex. GM also identified the next-generation Cadillac SRX as a future mid-size vehicle to be produced at Spring Hill. businessclarksville.com
Submitted 1 years 343 days ago

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ArcelorMittal Steel Truck Frame Vies With Aluminum
ArcelorMittal (MT) said a new auto frame can cut the weight of a pickup chassis by almost a quarter, the latest step by the largest steelmaker to compete with aluminum for use in energy-efficient vehicles. Competition between steel and aluminum “has intensified,” Lou Schorsch, ArcelorMittal’s chief executive officer for the Americas, said in an interview yesterday at the company’s jointly owned plant in Calvert, Alabama. “We give as good as we get.” Bloomberg
Submitted 1 years 343 days ago

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Duo looks to guide AM/NS Calvert’s careful climb to full production
CALVERT, Alabama -- The two companies behind AM/NS Calvert made their first big move this week, announcing that they would pour millions into the Alabama plant so it can support production of new high strength steels for carmakers. The $47.6 million investment comes as many ArcelorMittal executives were in town along with a gaggle of international media to tour what's often labeled the most cutting edge steel finishing plant in the world right now. AL.com
Submitted 1 years 343 days ago

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Alabama steel plant's new owners pledge more supply
CALVERT, Ala. -- North American auto plants soon should see an improved and greater supply of the high-strength steels needed to reduce vehicle weight and improve fuel economy, thanks to a change in ownership earlier this year of an advanced steel-finishing plant here, 35 miles north of Mobile, Ala. Autonews.com
Submitted 1 years 343 days ago

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Alcoa Maintains Its Aerospace Focus With $1 Billion Boeing Deal
Alcoa has announced its signing of a long-term contract worth $1 billion to supply aluminum sheet and plate products to Boeing, the world’s largest aerospace company. The agreement makes Alcoa the sole supplier to Boeing for wing skins on all of its metallic structure aircraft. Alcoa plate products, which are used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be used on every Boeing platform.
Submitted 1 years 343 days ago

 

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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