The favorable business climate, low state taxes, developable land, and skilled workforce has made South Carolina an attractive location for domestic manufacturers and for investment by companies from Germany, France, Belgium, the U.K, and Denmark.
GM shares have jumped about 11% since September 22, and plans announced this week to introduce 20 fully electric cars globally by 2023 didn’t hurt matters.
Perhaps in a sign of continued consolidation, Siemens has also withdrawn from businesses making phones, hearing aids and ovens.
ABB has its gaze set on the North American market after its aggressive $2.6 billion acquisition of GE's Industrial Solutions business. ABB Electrification Products division president Tarak Mehta talks about the deal, the future, some lessons...