“State vies for Harley-Davidson site - Indianapolis Star” plus 3 more |
- State vies for Harley-Davidson site - Indianapolis Star
- GE Drivetrain Technologies and Chongqing XinXing Gear Finalize Joint ... - MSN Money
- GE Drivetrain Technologies And Chongqing XinXing Gear Finalize Joint ... - RTT News
- NASCAR Camping World Truck Series Celebration Event at Navy Pier - MSN Money
| State vies for Harley-Davidson site - Indianapolis Star Posted: 20 Aug 2009 07:03 AM PDT Indiana is trying to edge out Kentucky and Tennessee and land a Harley-Davidson motorcycle assembly plant that could employ at least 1,000 workers. Economic development leaders in Indiana have met with executives of the motorcycle company and touted the state's pro-business tax climate, a state official confirmed Wednesday. Harley-Davidson, based in Milwaukee, has told Pennsylvania union officials that it has begun to study the future for its aged production complex at York, Pa. The company, the nation's premier motorcycle maker, employs 2,800 in a complex about 200 miles west of Philadelphia that accounts for more than half of its motorcycle output. Relocating part or all of the complex to Indiana could be the state's largest industrial windfall since Honda opened in October in Greensburg with 900 workers on its Civic assembly line. Harley-Davidson officials appear to be interested in Indiana sites that include property in Shelby County northwest of Shelbyville along I-74, said an Indiana businessman familiar with the state's economic development activities. In Shelby County, economic development official Dan Theobald said no company identified as Harley-Davidson is considering the area for a project. It is not unusual for county leaders to work with anonymous prospects whose names are divulged only after they are certain the site is suitable for a plant. In Pennsylvania, the York Daily Record reported Harley-Davidson officials confirmed sites in Shelbyville, Ky., and Murfreesboro, Tenn., and that two unidentified states are being considered. The project appears almost certain to produce offers for heavy tax incentives from politicians eager to land the jobs. Pennsylvania Gov. Ed Rendell has committed $15 million and promised more to secure jobs in York. Incentives for large automotive plants have ranged from $168,600 per worker at Mercedes' Alabama plant to $55,000 at the Subaru plant that opened in 1989 in Lafayette. Incentives consist largely of training grants, tax breaks and, especially, government-funded road, water and rail upgrades. Incentives at Honda Greensburg totaled $70,750 per worker based on the addition of a second shift bringing employment to 2,050. By that measure, a motorcycle plant with 1,000 workers could get incentives of about $70 million. Harley-Davidson officials have put little emphasis on securing incentives from Pennsylvania but insist the York complex's future hinges on cutting production costs. Earlier this year, the company disclosed a "two-path" study that will consider relocating work or revamping York. The study is under way. Much of the complex dates to a World War II bomb-making facility that is regarded as less efficient than modern industrial plants. The company also has approached International Association of Machinists and Aerospace Workers Local 175, which represents most workers in the plant, about changing work rules and encouraging less absenteeism. Local 175 won a 12 percent pay raise over three years after a two-week strike in 2007 that disrupted the company's other production operations at Milwaukee and Kansas City, Mo.  This posting includes an audio/video/photo media file: Download Now |
| GE Drivetrain Technologies and Chongqing XinXing Gear Finalize Joint ... - MSN Money Posted: 20 Aug 2009 06:49 AM PDT GE Drivetrain Technologies, a unit of GE Transportation, and Chongqing XinXing Fengneng Investment Co., Ltd. announced today the formation of a joint venture company to produce large diameter gears for the wind turbine industry. Chongqing XinXing Gear Co., Ltd. builds on 16 years of gear manufacturing experience in the automotive and motorcycle industries through its subsidiary company, Chongqing Xinxing Fengneng Co., Ltd., while GE Drivetrain Technologies has provided drive train components to the wind turbine industry since 2004. Under the terms of the joint venture, Chongqing XinXing Fengneng will be the majority owner, and the gears will be produced in a new manufacturing facility in Chongqing, China. A signing ceremony was held in Chongqing China with vice-mayor of Chongqing Huang Qishan and Tim Schweikert, President of GE Technology Infrastructure in China in attendance. "As a supplier to some of the world's leading automotive and motorcycle companies, Chongqing XinXing brings a world-class manufacturing mentality to the production of wind turbine gears," said Tim Schweikert, President of GE Technology Infrastructure in China. "GE Transportation's large diameter gear manufacturing expertise perfectly complements Chongqing XinXing's proven high volume gear production capabilities." Added Prescott Logan, Business Leader for GE Drivetrain Technologies, "This partnership is a key building block in our larger strategy to grow our wind drive train business in China and Asia Pacific by integrating our gear manufacturing supply chain and ensuring a secure supply of high quality gears to our Shenyang-based gearbox assembly plant." The joint venture is an important investment for Chongqing XinXing, as it enables the company to participate in the burgeoning Chinese wind energy market. "We are pleased to enter this partnership with GE Transportation because of its renowned engineering expertise and global presence," said Xingming Li, Chairman, Chongqing XinXing Fengneng Investment Co., Ltd. "This agreement is an exciting opportunity to expand our product line and customer base, and a great chance to upgrade our existing products and improve our management skills as we continue our proud tradition of manufacturing high precision gears." Initially, the new business will manufacture gears for GE Drivetrain Technologies' wind turbine gearbox production facility in Shenyang, China. GE Drivetrain Technologies and A-Power Energy Systems announced the development of the facility as part of a joint venture agreement in January 2009. This agreement signifies GE Drivetrain Technologies' commitment to the development of a local Chinese supply chain and supports China's initiative to increase wind energy output from one gigawatt in 2005 to 100 gigawatts by 2020. With this agreement, GE Drivetrain Technologies continues to expand its offering to the wind industry. Earlier this year, the business announced the launch of a wind generator and control systems division to complement its existing gearbox business. About GE Transportation Established more than 100 years ago, GE Transportation, a unit of General Electric Company GE, is a global technology leader and supplier to the railroad, marine, drilling, mining and wind industries. GE provides freight and passenger locomotives, railway signaling and communications systems, information technology solutions, marine engines, motorized drive systems for mining trucks and drills, high-quality replacement parts and value added services. GE Transportation is headquartered in Erie, Pennsylvania, USA, and employs approximately 10,000 employees worldwide. For more information visit www.getransportation.com. About Chongqing XinXing Gear Co., Ltd Established in 1993, Chongqing XinXing supplies gears for automobile, motorcycle and general machinery with a current capacity of 85 million pieces per year and annual production value of US$73.5 million. Chongqing XinXing is headquartered at Beibei Dist., neighboring Jinyun Mountain, a national scenic area. The Company has more than 1,600 employees, including 150 engineers, and 75,000 square meters of land including 40,000 square meters of manufacturing space. Chongqing XinXing has state-of-the-art facilities that make it capable of researching, developing, processing and manufacturing various types of gears. About GE and Chongqing City Cooperation As one of the four municipalities directly under the Central Government of China, Chongqing City has become a new promising area for investment in China. This cooperation is a significant achievement gained on the strengthened collaboration, joint development and mutual benefits for GE and Chongqing City; therefore, it has important strategic significance on both parties' continued development. The construction site of this project will be located at Caijia, Tongxing Industrial Park, Beibei District, Chongqing City. Featuring a favorable local environment, it is an ideal location for investment and development. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6033614&lang=en GE Transportation Media Contacts Copyright 2009 Business Wire  This posting includes an audio/video/photo media file: Download Now |
| GE Drivetrain Technologies And Chongqing XinXing Gear Finalize Joint ... - RTT News Posted: 20 Aug 2009 07:25 AM PDT
(RTTNews) -
Thursday, GE Drivetrain Technologies, a unit of GE Transportation (GE: News ), and Chongqing XinXing Fengneng Investment Co., Ltd. announced today the formation of a joint venture company to produce large diameter gears for the wind turbine industry. The company noted that the joint venture is an important investment for Chongqing XinXing, as it enables the company to participate in the burgeoning Chinese wind energy market. This agreement signifies GE Drivetrain Technologies' commitment to the development of a local Chinese supply chain and supports China's initiative to increase wind energy output from one gigawatt in 2005 to 100 gigawatts by 2020. Click here to receive FREE breaking news email alerts for General Electric Co and others in your portfolio by RTT Staff Writer For comments and feedback: contact editorial@rttnews.com  This posting includes an audio/video/photo media file: Download Now |
| NASCAR Camping World Truck Series Celebration Event at Navy Pier - MSN Money Posted: 20 Aug 2009 05:08 AM PDT Camping World, the nation's largest RV and outdoor retailer, today announced the NASCAR Camping World Truck Series Celebration scheduled for Wednesday, August 26th, 2009 at Navy Pier's Gateway Park, 600 East Grand Avenue, Chicago, IL. The open to the public, NASCAR Camping World Truck Series Celebration will begin at 11:00AM and is the official kick-off of the August 28th Chicagoland NCWTS race (Live on SPEED, 7:30PM CDT.) The celebration, which will feature NASCAR drivers Todd Bodine, Colin Braun, Brian Scott, Rick Crawford and James Buescher, offers race fans an opportunity to meet and greet the drivers following an exclusive media Q & A session from 11:30AM-12:00PM. The event will be hosted by SPEED pit reporter Ray Dunlap and highlights of this event include autograph signings from NASCAR Drivers, music entertainment from Chicago Country Radio US99 and the special announcement of a Camping World Sweepstakes Promotion. The festivities will also include an exclusive unveiling of an exciting Chicago Connection themed truck scheme donated by Navistar. Sponsors of the event include Camping World, Chicagoland Speedway, SPEED, and Navistar's International® Trucks & MaxxForce® Engines Racing. The goal of the event is to reach millions of fans including families, youth, media and diverse markets in a fun and friendly manner. Open admission between 11:00AM-2:00PM. The EnjoyIllinois.com 225 race at Chicagoland Speedway airs LIVE on SPEED, Friday, August 28th at 7:30PM CDT. About Camping World Founded in 1966, Camping World is America's largest direct marketer and specialty retailer of recreational vehicles and outdoor camping accessories and services. The company grew from a single point location in Bowling Green, KY to operating successful nationwide Supercenters. Over the last five years, Camping World has progressively expanded their products and services offering therefore providing consumers with a vast selection, convenience and value. Camping World now operates under the department store model as a one stop shopping destination providing services to enhance and protect the RV lifestyle including: Recreational Vehicle Sales; RV Rentals; RV Service & Collision; over 8,000 RV & outdoor accessories; Performance & Tow centers; Detail & Refurbishment centers known as RV Spa; President's Club customer loyalty program; Campground reservations & directories; RV Finance and Insurance; RV Tours & Travel; and a nationally distributed magazine called RV View. The dynamic Camping World retail network headquartered in Lincolnshire, Illinois, currently operates in 33 states and serves over 4 million RV enthusiasts. For more information, visit us online at www.campingworld.com About the NASCAR Camping World Truck Series: A popular NASCAR national series since its debut in 1995, the NASCAR Camping World Truck Series features full-size trucks in tough, side-by-side racing. With 25 points events at 23 different tracks across the country, the NASCAR Camping World Truck Series brings thrills to the most passionate NASCAR fans with aggressive and tough competition, action-packed races, and exciting finishes broadcast on SPEED and FOX. The unique nature of racing trucks, the combination of veteran and up-and-coming drivers, and the down-to-earth feel of the series all create a property that avid NASCAR fans can call their own. About Chicagoland Speedway and Route 66 Raceway: Chicagoland Speedway and Route 66 Raceway are wholly-owned by International Speedway Corporation ("ISC"), a leading promoter of motorsports activities. ISC owns and/or operates 13 of the nation's major motorsports entertainment facilities, including Daytona International Speedway (home of the Daytona 500), as well as owns or has interest in a number of other motorsports-related businesses. About SPEED(TM): SPEED(TM) is the nation's first and foremost cable television network dedicated to motorsports and the passion for everything automotive. From racing to restoration, motorcycles to movies, SPEED delivers quality programming from the track to the garage. Now available in more than 78 million homes in North America, SPEED is among the fastest-growing sports cable networks in the country and, the home to NASCAR on SPEED and an industry leader in interactive TV, video on demand, mobile initiatives and broadband services. For more information, please visit www.SPEEDtv.com, the online motorsports authority. About Navistar: Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus(TM) brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom. Contact: Diana Ardelean SVP of Communications Camping World 847-229-6425 Email Contact © MarketWire2009  This posting includes an audio/video/photo media file: Download Now |
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