Swedish appliance maker Electrolux AB stated, its North American business is set to incur costs of around $70 million in the fourth quarter as it prepares to move into a new facility in South Carolina. The Swedish company stated, it… Read More ›
South Carolina
BMW takes steps to mitigate escalating U.S.-China trade war
BMW’s strategic decision comes in the wake of U.S. President Donald Trump raising the stakes for China in the trade war by saying he is willing to slap tariffs on Chinese exports to the U.S. worth $200 billion. BMW’s Chief… Read More ›
China’s Volvo Cars plant in South Carolina caught in tariff wars
The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›
Boeing facing unionization at its South Carolina plant
The Boeing facility, employing 178 technicians, makes 787 Dreamliner jets. The Wall Street Journal has reported, Boeing’s workers at its South Carolina plant are set to vote on union representation later this month. The National Labor Relations Board (NLRB) has… Read More ›
China-based Lynk & Co to piggybacking on Volvo to launch its brand of cars
The strategy to gain valuable experience from Volvo’s assembly line before launching its own production in its plant is likely to be a strategic decision taken by Lynk & Co and taps strategic resources – China’s financial clout, the strength… Read More ›
Samsung Electronics to build household appliance factory in Blythewood, South Carolina
The $300 million factory is likely to be completed by 2019. South Korean newspaper, Korea Economic Daily has reported citing anonymous sources, Samsung Electronics Co Ltd plans on investing $300 million in the United States to build an appliances factory…. Read More ›
Boeing set to trim workforce in 2017
It would not be surprising if Boeing’s management had gauged Donald Trump’s protective policies early on and had let it be known that it would be trimming its workforce. After all, during the campaign trail Trump had been very loud… Read More ›
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