General Motors is extending the normal two-week summer shutdown for at least two U.S. car factories because of slumping sedan sales.
Union officials say the Lordstown, Ohio, plant near Cleveland and the Fairfax plant in Kansas City, Kansas, will close for as many as five weeks in June and July. The company confirmed that some car factories would be shut down longer than usual but would not give details. Lordstown makes the Chevrolet Cruze compact sedan, while Fairfax builds the Chevrolet Malibu midsize car.
The additional shutdowns come as all automakers struggle to deal with a shrinking U.S. market that is dramatically shifting away from cars toward trucks and SUVs of all sizes. Some are continuing to produce cars and selling them to rental car companies or offering big discounts to individual buyers while others are cutting production. Through May, U.S. car sales were down 11 percent while truck and SUV sales rose nearly 5 percent, according to Autodata Corp.
Adient Agrees to Purchase Automotive Seating Supplier Futuris Group
Adient PLC. announced today it has signed a definitive agreement to acquire Futuris Group. The purchase price is approximately $360 million
Fosun’s Joint-Venture Nanjing Nangang Completes Acquisition of Koller Beteiligungs GmbH
Fosun’s first overseas investment in the industrial sector. Fosun and its joint venture Nanjing Nangang Iron & Steel United Co. Ltd. (Nanjing Nangang)
Great Lakes Manufacturing Council Shuts Down
The Great Lakes Manufacturing Council (GLMC) is shutting its doors after 10 years, to be replaced by the Council of the Great Lakes Region (CGLR)
Teton Composites Awarded Competitive Grant From the National Science Foundation
Teton Composites has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $224,194
Secos, MiniFAB Collaborate on ‘First-of-its-Kind’ Breathable Film
Sustainable bioplastics developer Secos Group Ltd. announced today that it has executed a license agreement with MiniFAB Pty Ltd. to co
Mold Craft Battles Manufacturing Skills Gap With Gen Z Connection Program
After months of negotiation with the Minnesota Department of Labor, four local manufacturing companies—Mold Craft, Du Fresne Manufacturing
SmartFILL Hot-Runner Nozzle Ensures Consistent Temperature Along Entire Nozzle Length
Meusburger, a developer of standard mold components headquartered in Wolfurt, Austria, has introduced new smartFILL hot-runner single
Nova Looks Back on 2016, Highlights Sustainability in new Report
Chemical supplier Nova Chemicals Corporation spelled out its sustainability goals, and also documented some of its highlights last year