Cars, not jobs, go overseas
Detroit's auto makers are planning a bold move: Export more cars.
Detroit's Big Three plants are headed overseas--with cars, and not jobs, this time. The auto makers are planning sizeable exports of U.S.-made vehicles to markets around the world.
General Motors Corp., for example, is looking to export vehicles made in the U.S.A. to Europe, China, and Latin America markets, company executives confirmed. Chrylser LLC , spurred primarily Ford Motor Co. is considering ramping up exports if it can bring labor costs down.
Read the complete story in The Wall Street Journal.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey