More good news is heading for American manufacturing next year: Both Tesla and Panasonic decided to create hundreds of jobs and begin production at a factory in Buffalo, New York, according to a statement Tuesday.
Tesla, an electric auto-manufacturing company, and Panasonic, a Japanese electronic manufacturing company, announced they had reached an agreement to collaborate on a solar project. Panasonic will invest in the Buffalo production facility, while Tesla promised a “long-term purchase commitment” to Panasonic.
Tesla estimated it would create 1,400 jobs in Buffalo.
“Trump’s team should use every available opportunity to be as bold as possible to end the trade deficit situation and encourage manufacturing, science, technology, and to end the federal budget deficit.”
“Tesla and Panasonic have finalized an agreement this week to begin the manufacturing of photovoltaic (PV) cells and modules at the Buffalo, NY, factory,” the joint statement read. “As Tesla and Panasonic begin production, Buffalo will continue to expand Tesla’s American manufacturing base and create thousands of new jobs in the coming years. Tesla reaffirms SolarCity’s commitment to create over 1,400 jobs in Buffalo — including more than 500 manufacturing jobs.”
Tuesday’s announcement finalizes the deal Tesla and Panasonic announced back in October. It showcases the latest piece of good news for American production and manufacturing companies following President-Elect Donald Trump’s Nov. 8 election victory.
During his campaign, Trump placed a big emphasis on the need to restore American manufacturing, create jobs, renegotiate trade deals that have harmed the U.S., and entice business to either remain in the U.S., return to the country, or come here for the first time.
Just a few weeks after winning the election, Trump announced a deal he had struck with Carrier Corp. to keep over 1,000 jobs in Indiana. During a speech in Cincinnati in early December, Trump promised, “We’re going to do that all over the country.”
“Change is not going to be easy. I am going to need you to fight as hard for these proposals as you fought for this great campaign of ours,” Trump added. “We are going to need our government and this movement to be more engaged and more vigilant than ever before to help us accomplish the reforms and overcome decades of stalemate and gridlock.”
In mid-November, Trump also celebrated the news that Ford Motor Company would keep an endangered plant in Kentucky — and not move its production to Mexico or elsewhere.
“Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky — no[t] Mexico,” Trump tweeted Nov. 17.
Trump eagerly anticipates the continuation of such news following his Jan. 20 inauguration, while the millions of Americans who voted him into office await with hope the fulfillment of his campaign promises.
“The Trump administration needs a strategic policy for manufacturing and technology over and above any actions it might create, whether it’s tax or regulatory reform, or tariffs, or trade renegotiations,” Kevin L. Kearns, the president of the U.S. Business & Industry Council, told LifeZette.
“I don’t know how much deeper the hole needs to get before somebody needs to dig us out,” Kearns added. “But Trump is going to try, and his team should use every available opportunity to be as bold as possible to end the trade deficit situation and encourage manufacturing, science, technology, and to end the federal budget deficit.”