
“Masterpieces of modern manufacturing. Built by union workers. And proof (applause) and proof that America has what it takes to win the competition of the 21st century…
Yesterday at GM’s first dedicated EV assembly plant, Factory Zero in Hamtramck, adjacent to Detroit, President Biden presented his case for investing in the future by fixing our neglected infrastructure, thereby building and boosting the middle class. Virtually everyone knows that the future of the auto industry is electric; Some maintain the Chinese are leading. The President posed a question he has asked before: Will America lead or fall behind in the race to win the future?
Before his remarks at a plant once managed by Mary Barra, CEO of GM, Biden spoke to the country about what are the latest talking-trash points from the Republicans, the party of nope and insurrection. “Before I begin, I just want to mention three pieces of good news today. First, two of the leading rating agencies on Wall Street confirmed today, not a liberal think tank, two Wall Street outfits, that the economic proposals we put forward for the nation, the infrastructure law we just signed and the Build Back Better plan are being considered this week in Congress, will not add to inflationary pressures in the economy,” Biden said. “The reason? Because the policies I proposed, quote, ‘help…lift long-term economic growth via stronger productivity… labor force growth,’ as well as taking the edge off of inflation.” Continue reading










Automotive Chips – Ford Adds GlobalFoundries to Help Design and Supply
GlobalFoundries Inc. (Nasdaq: GFS) (GF), a semiconductor manufacturing firm, and Ford Motor Company (NYSE: F) yesterday announced “a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the U.S. automotive industry.” The strategic announcement about semiconductors garnered limited media attention because it was in the same news cycle as President Biden’s visit to GM’s Factory Zero EV plant in Detroit.
GF and Ford have signed a non-binding agreement for GF to create more semiconductor supply for Ford’s current vehicle lineup, as well as joint research and development to address the growing demand for feature-rich chips to support the automotive industry. Continue reading →