National Association of Manufacturers Much of the economic data released last week provided mixed news, even as these indicators continue to suggest overall progress. For manufacturers, two regional surveys showed movement in the opposite direction in the May data. At one end of the spectrum, the Philadelphia Federal Reserve Bank reported that manufacturing activity expanded robustly in May on strong growth in new orders and with the average employee workweek expanding at a level not seen since October 1987. This stood in contrast to the rather disappointing Empire State Manufacturing Survey in May, which had activity falling for the first time since October.
Visit http://www.nam.org/Newsroom/eNewsletters/Monday-Economic-Report/2017/Monday-Economic-Report---May-22--2017 to view the full article online.
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The Globe and Mail Hybrid and electric vehicles should generate billions of dollars in revenue for Linamar Corp., chief executive officer Linda Hasenfratz says. The maker of engine and transmission parts is well represented in internal combustion engines globally, but envisions 60 percent of vehicles containing battery electric propulsion systems, hybrid engines and fuel-cell powered engines by 2030. Vehicles powered by anything other than internal combustion engines have just a fraction of the market now.
Visit https://www.theglobeandmail.com/report-on-business/linamar-eyes-growth-in-electric-engines/article35010423/ to view the full article online.
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PR Newswire The Timken Company, a global leader in bearings and mechanical power transmission products, was named one of America's Best Large Employers by Forbes magazine. The list includes 500 companies and nonprofit organizations in 25 industries and honors employers based on an independent survey asking how likely individuals would be to recommend their employer — or other employers in their industry — to someone else. This is the second consecutive year Timken has won the award.
Visit http://www.prnewswire.com/news-releases/timken-named-one-of-americas-best-large-employers-by-forbes-300454689.html to view the full article online.
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Wired So far, this wannabe industry has attracted mostly brash startups, with Uber cheering them on, ready to help deploy whatever tech they can make fly. But one member of the bandwagon offers the gravitas that comes with nearly 50 years of building real life airplanes. Airbus is in the flying car game, and it’s ready to embrace a new way to take off.
Visit https://www.wired.com/2017/05/airbus-dreamed-wild-design-flying-car/ to view the full article online.
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Fast Company A new generation of companies is making higher-end clothing, furniture, eyewear, and more in the United States. Can their success lead to a revival of American manufacturing on a larger scale?
Visit https://www.fastcompany.com/3068744/made-in-america-20 to view the full article online.
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