May 16, 2020

General Electric to end manufacturing operations at its Virginia plant

General Electric
Salem
Virginia
US
Sophie Chapman
2 min
General Electric to close manufacturing in Salem, losing 260 employees
The Boston-headquartered conglomerate, General Electric (GE), has confirmed it will be closing the manufacturing operations at its Virginia, plant.

The...

The Boston-headquartered conglomerate, General Electric (GE), has confirmed it will be closing the manufacturing operations at its Virginia, plant.

The power unit will keep the site’s engineering centre open, which employs 200 people.

More than 260 people will lose their jobs in manufacturing at the facility, located in Salem, Virginia. However, 42% of the employees are eligible for retirement.

GE is one of the largest employers in the state’s Salem region, having employed 3,500 at one time.

“The GE plant and its workers have been integral parts of Salem’s fabric for more than 60 years,” stated Randy Foley, Mayor of Salem.

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“When the plant employed over 3,000 back in its heyday, it seemed like everyone you knew had a family member who was working there, and many of them were actively involved in the community and their respective neighborhoods.”

“Sadly, industrial plants across the state and the country have been through tough times in recent years.”

“I think we always knew this was a possibility, especially since GE has been reducing its workforce worldwide in past years.”

The news follows GE’s decision to make cuts to its power unit, ultimately aiming to save $1bn by reducing its employment by 12,000 jobs.

Manufacturing work from the facility, which opened in 1955, will be to other GE locations or be taken over by supplier partners.

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Jun 17, 2021

Canoo Awards Manufacturing Contract to VDL Nedcar

Canoo
VDLNedcar
EVs
Manufacturing
2 min
Canoo, a trailblazing company in the electric vehicle (EVs) manufacturing industry, has officially announced owned and contract manufacturing plans

Canoo, a trailblazing company in the electric vehicle (EVs) manufacturing industry, has officially announced owned and contract manufacturing plans that will ensure the company manages to deliver on its promise to consumers of production and delivery of vehicles in Q4, 2022. 

 

During the company’s first Investor Relations Day, Chairman & CEO of Canoo, Tony Aquila, named VDL Nedcar as its contract manufacturing partner. VDL Nedcar, which I’m sure many of you will already have heard of, is the only independent Vehicle Contract Manufacturer in the Netherlands and has enjoyed fifty years of growth under owners, including Mitsubishi Motors and Volvo cars. According to the report, Nedcar will manufacture the Lifestyle Vehicle for the United States and European Union markets, while Canoo builds a US-based mega micro-factory. 

 

 

"We conducted an exhaustive search, invested significant amounts of time and resources that span the globe, in our search for our Phase 1 contract manufacturer. VDL Nedcar is the right partner," said Tony Aquila, Investor, Chairman and CEO of Canoo, Inc. "They are the top trusted European manufacturer building high-quality products for leading OEMs, and they significantly outcompeted the other contenders. VDL is also independently owned by the van der Leegte family of entrepreneurs - which aligns with our commitment to support businesses that form the backbone of communities. This strategic partnership will enable us to deliver vehicles to market while we build our Phase 2 factory in Oklahoma. It also strongly positions us for geographic expansion in Europe and builds a lasting relationship with VDL Groep of companies. Our investment will help us scale quickly and fulfil our mission to bring affordable, purpose-built EVs to Everyone."

 

Canoo and VDL have already gotten to work on vehicle manufacturability and production planning so that Canoo can successfully lay the groundwork for its upcoming US manufacturing operations expansion, which will be completed in Oklahoma in 2022. The Nedcar facility currently expected to produce around 1000 units for both the US and European markets in 2022, with an additional 15000 targeted for the following year. 

 

"Canoo's bold approach to designing and building electric vehicles makes them an ideal partner as we work together to shape the future of mobility," said John van Soerland, CEO of VDL Nedcar. "This partnership advances our strategic vision to provide a contract manufacturing solution and expand our expertise in the EV arena."


Currently, Canoo is entering its GAMMA phase of development and is on track to start production soon. The company intends and expects to launch its Lifestyle Vehicle in Q4 2022, closely followed by the Multi-Purpose Delivery Vehicle and Pickup Truck.

Watch this space.

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