Ford reveals plan for $700M plant, jobs at Rouge plus all-electric Ford F-150 secrets
DETROIT — Ford Motor Co. revealed Thursday an audacious plan to build a $700 million plant at the Rouge complex in Dearborn, Mich., that would create the first all-electric F-150, the nation’s bestselling vehicle.“This plant mirrors the story of America and American manufacturing,” said Bill Ford Jr., executive chairman, during an event at the manufacturing site livestreamed on YouTube and Facebook. “This is where the industrial revolution took hold, where the arsenal of democracy was forged, where parents and grandparents and great grandparents built not only cars and trucks but their own Ame...
Detroit Free Press
Jelly Belly distances itself from a Willy Wonka-style contest with a candy factory as the grand prize
Jelly Belly Candy Company on Tuesday sought to distance itself from a Willy Wonka-style contest that promises to award a winner the keys to a candy factory.The nationwide “gold ticket” treasure hunt was launched by Jelly Belly jelly beans inventor David Klein, as a way to “give back” before his retirement. It gained so much interest from wannabe winners that within days its Facebook page gained 38,000 followers.Jelly Belly, based in Fairfield, Calif., issued a statement clarifying that it is not involved in the contest.“David Klein, the sponsor of the ‘treasure hunt’ contest gaining attention ...
Haiti corruption scandal: Billions wasted in Venezuelan PetroCaribe aid, new report shows
MIAMI — An $8 million disbursement for a post-earthquake industrial park that was never built. Road projects that were approved with no estimated costs or justification — including one to a banana-growing firm with no construction expertise or experience and owned by the man who is now the country’s president. Hundreds of millions of dollars wasted and embezzled with no trace.The latest installment of a damning investigation by Haiti’s Superior Court of Auditors and Administrative Disputes — the country’s equivalent of the U.S. Government Accountability Office — shows how more than $2 billion ...
Temple grad Kalen Allen landed his first movie gig alongside Seth Rogen in 'An American Pickle'
PHILADELPHIA — It was in the fall of 2017, while studying acting and theater at Temple University, that Kalen Allen first uploaded videos of himself reacting to videos of other people cooking recipes — only these recipes were strange.As Allen, now 24, reacted to ketchup cake and apple Twix salad being prepared, his video views grew into the millions, catching the attention of talk show host Ellen DeGeneres. Two months later, Allen was invited to make an appearance on the show and accepted a deal to use her platform for his recipe-reaction video series, “Kalen Reacts,” which has racked up over ...
The Philadelphia Inquirer
GM invests in Lordstown Motors merger that will make it publicly traded
Electric-truck maker Lordstown Motors is becoming a publicly traded company in a deal that will add $675 million to its coffers and boost its valuation to $1.6 billion.This transaction includes a $500 million fully committed private investment in public equity (PIPE), which includes $75 million of investments by General Motors, Lordstown Motors said.The company, which bought GM’s former massive Lordstown Assembly plant in Ohio last year, said it is merging with DiamondPeak Holdings Corp. DiamondPeak is a special purpose acquisition company and this merger will result in Lordstown Motors becomi...
Detroit Free Press
Texas county gives thumbs-up to tax breaks to lure Tesla factory
The prospect of a Tesla Inc. factory in the Austin area has moved a big step closer to reality, after Travis County, Texas commissioners on Tuesday approved tax breaks the electric vehicle maker requested that are worth a minimum of about $14 million over 10 years if Tesla invests $1.1 billion here.Under the terms of the deal, the amount of the tax incentives to Tesla could rise significantly if the company invests more than $1.1 billion in the manufacturing plant, which it has said will employ 5,000 people.The amount also will rise if the agreement eventually is extended for an additional dec...
1,250 workers facing layoffs at GM's Wentzville Assembly Plant
General Motors will lay off its third shift of workers at the assembly plant where it builds its midsize pickups and full-size vans as cases of coronavirus surge in the surrounding community.The automaker said starting July 20 it will reduce its Wentzville Assembly plant, which is near St. Louis, Mo., to two shifts.“We believe in the short term a two-shift operation plan will allow us to operate as efficiently as possible and accommodate team members who are not reporting to work due to concerns about COVID-19 in the local community,” GM spokesman David Barnas told the Free Press on Saturday.B...
Detroit Free Press