[Tim Culpan, Noah Smith] Securing supply chains doesn’t mean bringing them home |
While much of Joe Biden’s first term in office will involve digging out from the COVID-19 pandemic and recession, the incoming president has also vowed to change the way the US manages its supply chains. This is framed as a way to make America more resilient in the face of crises after struggling to secure much-needed protective and medical materials in the early days of the coronavirus.
But it’s obvious that his supply-chain policy centers on weaning the US and its allies off China. Already dashed is the old theory that free trade would induce Beijing to peacefully democratize and integrate itself smoothly into existing global institutions.
Amendment to Foxconn s contract could come with reduced tax credits chippewa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chippewa.com Daily Mail and Mail on Sunday newspapers.
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DETROIT – Fiat Chrysler CEO Mike Manley will run operations in the Americas when his company merges with France s PSA Peugeot early next year.
FCA Chairman John Elkann announced Manley s new post Friday in a letter to employees. Manley s role in the merged company had been a mystery.
PSA CEO Carlos Tavares will run the overall company, to be named Stellantis. Shareholders of both companies will vote on the merger Jan. 4 to seal the deal creating the world s fourth-largest automaker. The merger is expected to be completed by the end of March.
Foxconn, Wisconsin closer to new deal
Records show Foxconn, Wisconsin nearing agreement
by The Associated Press
Last Updated Dec 18, 2020 at 1:28 pm EDT
MADISON, Wis. Foxconn Technology Group is willing to accept a reduction in state tax credits “in exchange for a flexible business environment in Wisconsin,” the company told state officials as both sides move closer to reaching a new deal.
Communication between the state and the worldwide electronics leader show both sides are nearing agreement, records obtained Friday by the Milwaukee Journal Sentinel and Wisconsin State Journal show.
The state has been pushing Foxconn to amend the contract to reflect that the company’s construction of a smaller facility than the original contract envisioned.
Amendment to Foxconn s contract could come with reduced tax credits chippewa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chippewa.com Daily Mail and Mail on Sunday newspapers.