Lordstown Plant Uncertain as GM UAW Talks Loom
The Lordstown Ohio complex, home to 3202 workers, faces no current car model as GM and the UAW prepare for national bargaining in Detroit. Analysts see the plant as leverage in concessions talks while a Mexico plant may future GM small cars for North America. Local 1112 leader Jim Graham hopes a 2009 vehicle comes if a contract is reached.
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Ford Motor Co
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Canada
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Clark University
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Mass
Sean McAlinden
Center For Automotive Research
Ann Arbor
Jim
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Intel to Build $2.5 Billion Plant in China
Intel Corp plans a 2.5 billion dollar microchip plant in Dalian China, its largest U.S. investment abroad. The facility will produce a generation behind current tech and aims to leverage China’s role in global PC assembly. Capitol Hill opposition looms over jobs, exports, and security.
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Great Hall of the People
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LeBron James buys stake in Cannondale bikes
LeBron James buys a minority ownership stake in Cannondale, a Biddeford or Bethel based bicycle maker with operations in Holland, Japan, and Australia. The deal, not disclosed, aligns with his LRMR group’s investments including a $4.7 million housing project. Cannondale CEO Matt Mannelly welcomed the move as James focuses on training and branding.
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