Fort Worth Archives - Maritime Shipping News

Rivian considers Texas, Arizona for $5B electric vehicle plant

12 August 2021

Automaker Rivian is eyeing locations in Texas and Arizona, among others, as possible sites for its second electric vehicle factory.

The Irvine, California-based manufacturer is in talks with officials in Fort Worth, Texas, and Mesa, Arizona, about building a $5 billion auto factory — dubbed Project Tera — aimed at producing up to 200,000 vehicles a year.

Jim Chen, Rivian’s vice president of public policy, said in an email to FreightWaves that the company is talking with several locations for its...

https://www.freightwaves.com/news/rivian-considers-texas-arizona-for-5b-electric-vehicle-plant

Boeing supplier files for Chapter 11 bankruptcy

28 April 2021

GDC Technics, an aeronautics interiors supplier, filed for Chapter 11 bankruptcy the same day the company announced it was laying off 223 people in Texas.

The layoffs and bankruptcy filing come after Boeing Co. (NYSE: BA) sued GDC Technics for allegedly being behind schedule on two Air Force One aircraft.

The bankruptcy filing in the Western District of Texas did not include detailed financial information about GDC Technics. The company listed liabilities from $10 million to $50 million and more...

https://s29755.pcdn.co/news/boeing-supplier-files-for-chapter-11-bankruptcy

Air Force One supplier laying off 223 after losing Boeing contract

26 April 2021

GDC Technics is cutting 223 jobs in San Antonio and Fort Worth, Texas, after the Boeing Co. (NYSE: BA) recently sued the company for being behind schedule on two Air Force One aircraft.

Brad Forman, CEO of GDC Technics, said the company is permanently closing its San Antonio plant where most of the work on Air Force One was done.

“It is anticipated that most operations at the Fort Worth facility will cease and that the San Antonio facility will close due to the sudden and unexpected termination...

https://www.freightwaves.com/news/air-force-one-supplier-laying-off-223