Fiat Chrysler Proposes Merger with France’s Renault

  Fiat Chrysler proposed a 50-50 percent merger Monday with Renault, a union that would create the world’s third biggest automaker. The merger, if it happens, would vault the new company, with annual sales of 8.7 million vehicles, into a position ahead of General Motors and behind only Volkswagen and…

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Last of Lordstown Auto Parts Manufacturing Ends Two Months Early: More Layoffs to Follow

The last manufacturing orders left for the rapidly shuttering Lordstown Auto Plant finished up on April 5. The project – metal stamping replacement parts for the Chevy Cruze – was slated to last until June, ensuring work for those few employees still not laid off.  With the job wrapping up…

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New Data Suggest Continued Expansion in the Manufacturing Sector in February

by Robert Hughes   The Manufacturing Purchasing Managers’ Index from the Institute for Supply Management registered a 54.2 percent reading in February, down from 56.6 in January (see top chart). Despite the pullback, the index remains well above neutral, suggesting continued expansion for the manufacturing sector. According to the Institute…

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As US Economy Swells, Ohio Gets Left Behind

2018 was one of the best economic years for America in decades. The coup de grâce came in December with a jobs report that shattered the most generous expectations by more than double. 312,000 new jobs were added to the US economy. While unemployment rose slightly, this was primarily due to…

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Outgoing Ohio Governor John Kasich Asks Tesla CEO Elon Musk to Save Lordstown Auto Plant by Tweet

Thursday, December 20th, Tesla CEO, Elon Musk, gave his first public response to Governor John Kasich’s multiple attempts to reach him in the hope of saving the Lordstown Assembly complex in Warren, Ohio. On November 26th, General Motors announced that the 6.2 million square foot auto manufacturing facility, along with…

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