Fox News is reporting that LG will be opening a new plant in Detroit:
LG Electronics said Tuesday it will spend $25 million to open a U.S. plant for manufacturing electric vehicle components.
The 250,000-square-foot building is located in Hazel Park, Michigan, a suburb of Detroit. When it opens next year, the plant will create at least 292 jobs in Hazel Park and an expanded research and development center in nearby Troy.
The Michigan government is providing a four-year, $2.9 million capital grant for the project.
[...] LG said vehicle components are the company's fastest-growing business. Auto-related revenue jumped 43% year-over-year to $1.5 billion during the first half of 2017, driven by LG's supplier agreement with General Motors (GM) for the new Chevrolet Bolt electric vehicle.
[...] In addition to the Michigan facility, LG expects to begin construction soon on a $250 million factory for washing machines in Clarksville, Tennessee. The production plant will create 600 new jobs by 2019, according to LG. The company is also building a new North American headquarters down the road from its current offices in Englewood Cliffs, N.J. The project will cost $300 million.
(Score: 2) by JoeMerchant on Sunday August 27 2017, @06:00PM (3 children)
I worked for a startup that built a product that includes an MRI. After they got their initial big investment, the investors relocated the company headquarters to be directly in the town of a major MRI development company - simply to make it easier/cheaper to poach talent without making them relocate.
When God closes a door, he opens a window? So, when GM closes a plant, LG opens a smaller one to hire anyone worth a damn who just got laid off. The other 200 were probably entrenched Wallys.
🌻🌻 [google.com]
(Score: 2, Funny) by Anonymous Coward on Sunday August 27 2017, @06:38PM (1 child)
But, I live in a high-rise :(
(Score: 0) by Anonymous Coward on Monday August 28 2017, @10:00AM
When you die jumping out your hi-rise window, we'll offer thoughts and prayers to God.
(Score: 0) by Anonymous Coward on Sunday August 27 2017, @11:57PM
Hey! I resemble that remark! [dilbert.com]
-- OriginalOwner_ [soylentnews.org]