GE's Immelt urges manufacturers to push research and innovation

General Electric chairman Jeffrey Immelt told a Detroit-area group in June that American manufacturing can regain its leadership role in the world by following the example of emerging manufacturing economies. According to the Associated Press, Immelt told the Economic Club of Detroit that the United States had lost its edge in innovation, and that had led to a shift to a service-based economy.

07/01/2009


General Electric chairman Jeffrey Immelt told a Detroit-area group in June that American manufacturing can regain its leadership role in the world by following the example of emerging manufacturing economies.

According to the Associated Press, Immelt told the Economic Club of Detroit that the United States had lost its edge in innovation, and that had led to a shift to a service-based economy. Immelt said there is nothing “predestined or inevitable about the industrial decline of the U.S., if we as a people are prepared to reverse it.

“We would do much better to observe the example of China. They've been growing fast because they invest in technology and they make things. They have no intention of letting up in manufacturing in order to evolve into a service economy. America has to get back in that game.”

General Electric announced plans Friday to open an advanced manufacturing technology and software center in Michigan that could create more than 1,100 jobs in the coming years.

The center will include a research and development facility and “will house scientists and engineers who will develop next-generation manufacturing technologies for GE's leading renewable energy, aircraft engine, gas turbine and other high-technology products,” GE said in a statement.

The center, which is expected to open later this year, will be located at the Visteon Village about 25 miles from Detroit.





No comments