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posted by martyb on Sunday August 27 2017, @03:23PM   Printer-friendly
from the subsidised-jobs dept.

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.


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  • (Score: 0) by Anonymous Coward on Monday August 28 2017, @07:50PM

    by Anonymous Coward on Monday August 28 2017, @07:50PM (#560448)

    This is where you link to the law which prevents them from rejecting offers from some and selling to whom they choose.

    Note: This is one of the things that some (incorrectly) call "Capitalism".
    (It's actually "ownership", which can take multiple forms.)

    -- OriginalOwner_ [soylentnews.org]