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MiMfg Magazine
@
December 2019
MFG
Work
What’s Happening
in Michigan
Manufacturing
Elk Rapids Engineering
Hosts Key Policymaker
State Representative Triston
Cole visited Elk Rapids Engi-
neering, a subsidiary of 69-year
MMA member Star Cutter
Company, in late October.
During the visit, Representative
Cole discussed a variety of
priority issues with local manu-
facturers, including:
• The State Budget and
ongoing negotiations
between the Republican-
led Legislature and the
Whitmer Administration
• Impact of the Governor’s
line-item veto on the state’s
Going PRO Talent Fund
• Manufacturing Day and the
positive influence it has on the
future of the industry and the
relationships it’s building with
local educators to help assist
with promotion of skilled
trades as a successful job path
• The impact of tariffs on
Michigan manufacturers
MMA can help members
connect with their local elected
officials. Contact MMA’s Brianna
Mills at [email protected] or
517-487-8523 to get started.
Jumpstart Your Global
Development Plans
The Michigan Economic
Development Corporation will
host ExporTech programs in
Greater Detroit and Lansing in
2020. ExporTech is a structured
export strategy development process
that helps companies accelerate
growth in global markets and
includes three full-day workshops.
State Representative Triston Cole
(third from right) visited Elk Rapids
Engineering to discuss priority issues
with local manufacturers in October.
Programs will be offered:
• Detroit on 1/24/20, 2/28/20
and 4/17/20; more info:
[email protected]
• Lansing on 2/21/20, 3/20/20
and 4/24/20; more info:
[email protected]
Learn more about competing on a
global scale in the July 2019 issue of
MiMfg Magazine at mag.mimfg.org .
FCA and Groupe PSA
Merge to Create World’s
Fourth Largest OEM
The Boards of FCA and
Peugeot S.A. (PSA) will work
toward a full combination of their
respective businesses by way of a
50/50 merger. The combined entity
would create the fourth largest global
OEM in terms of unit sales, with
8.7 million vehicles sold annually.
In a rapidly changing environ-
ment, with new challenges in
connected, electrified, shared and
autonomous mobility, the combined
entity would leverage its strong
global R&D footprint and
ecosystem to foster innovation
and meet these challenges with
speed and capital efficiency.
“This convergence brings
significant value to all the stake-
holders and opens a bright future
for the combined entity,” said
Carlos Tavares, CEO of the venture.
“I’m pleased with the work already
done with Mike [Manley] and will
be very happy to work with him to
build a great company together.”
According to a joint release,
80 percent of the merger could be
achieved after four years without
any plant closures.
“I’m delighted by the opportunity
to work with Carlos and his team on
this potentially industry-changing
combination,” said Mike Manley,
FCA CEO. “We have a long history
of successful cooperation with
Groupe PSA and I am convinced
that together with our great
people we can create a world-class
global mobility company.”
FCA has a successful history of
merging companies with disparate
cultures to create strong leadership
teams and organizations dedicated
to a single purpose. Since the merger
of Fiat and Chrysler in 2009, the
company has committed nearly
$14.5 billion in new investments
and created close to 30,000 new
jobs in the United States.
For more information, go to
https://media.fcanorthamerica.com.