THE TRUMP EFFECT – AT 10:18 A.M. ET: More good news for American workers. From AP:
TOKYO (AP) — Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of photovoltaic cells and modules at a factory in Buffalo, New York.
The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a "long-term purchase commitment" to Panasonic.
Their statement gave no financial figures.
The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The PV cells and modules it produces will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said.
Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo.
Panasonic also is to work with Tesla on next-generation technology, the companies said.
COMMENT: I can't absolutely guarantee that Donald Trump had anything to do with this specific advance, but it's amazing how many announcements like this we're starting to see. Companies want to be on the right side of the White House.
American workers are starting to benefit. Since the Democratic elites don't know any American workers, they probably won't notice.
December 27, 2016
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