Ford Motor Co. announced plans to invest $3.7 billion and add more than 6,200 new union manufacturing jobs in Michigan, Missouri and Ohio. The company will also convert nearly 3,000 temporary UAW-Ford workers to permanent full-time status. These actions are part of the company’s Ford+ growth strategy and include plans for an all-new global Mustang coupe and Ranger pickup for North America, as well as an all-new electric commercial vehicle for Ford Pro customers.
Ipsen recently installed a vacuum furnace at Temprasud, a commercial heat treater in Fresagrandinaria, Italy. According to Temprasud, the vacuum hardening and low-pressure carburizing furnace will increase its production capacity and offer customers greater flexibility. The furnace, which has a 1,764-pound (800-kg) load capacity, will also help Temprasud grow its business in the automotive market and allow it to expand into the aerospace market.
Hyundai Motor Group (HMG) is increasing its investment to more than $10 billion in the United States by 2025 to further its goal to lead sustainable and smart mobility solutions. The group’s investment plans are designed to accelerate innovation and mobility electrification. The move supports carbon-neutrality goals with new technologies and contributes to manufacturing in the United States. As part of the investment, HMG announced a $5.54 billion plan to establish its first dedicated EV and battery manufacturing facility in Georgia to build a range of electric vehicles. The plant, located on 2,923 acres in Bryan County, will break ground in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units.
During the debate over the Affordable Care Act more than a decade ago, a manufacturing client of mine testified before the U.S. Congress that he was tired of being in the healthcare industry and just wanted to make parts.
Cummins Inc. and Meritor Inc. entered into a definitive agreement under which Cummins will acquire Meritor, a global provider of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets, for approximately $3.7 billion. Troy, Mich.-based Meritor has more than 9,600 employees. The transaction, which is expected to close by the end of the 2022, will position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications.
The Aluminum Association released a technology roadmap that details short-, mid- and long-term research-and-development priorities in support of its automotive customers. The 2022 Roadmap for Automotive Aluminum identifies pathways and prioritizes opportunities for critical collaboration among aluminum suppliers, recyclers, automakers, policymakers, non-governmental organizations and other industry stakeholders to drive innovation throughout the next decade.