Foxconn Signs Deal to Make Tractors at Lordstown Plant.

Not so long ago President Trump told the workers to not sell their houses  and move after GM announced 1,400 employees would no longer have a job. Aprox 8-900 left. Since then almost 5,000 jobs have been or will be created.

Oh and that GM plant? Making Electric trucks, next year electric cars, and  now will be making electric tractors and the battery packs here in Ohio. Plus GM started building it's battery plant across the street. At first they thought 5,000 total jobs, but it may be closer to 10,000 when all is said and done.

This Article from the Business Journal.

LORDSTOWN, Ohio — Foxconn announced this morning that it has signed a contract manufacturing agreement with Zimeno Inc., which does business as Monarch Tractor, to build “next-generation agricultural equipment and battery packs” for the tractor at its plant here. 

The announcement was made by Hon Hai Technology Group, the Taiwan-based electronics manufacturer that does business here as Foxconn Ohio. 

In May, Foxconn assumed manufacturing operations at the plant after completing an asset purchase agreement with Lordstown Motors Corp. The agreement with Monarch Tractor is the first contract manufacturing engagement by Foxconn here. 

“Leveraging Foxconn’s manufacturing strengths, worldwide network of industry leaders and supply partners, and our new partnership with Monarch Tractor, Foxconn is positioned and eager to contribute to the ongoing and future success of Monarch Tractor, its products and its customers,” said Young Liu, chairman of Hon Hai Technology Group, in a statement. “This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations.” 

Full-rate production of Monarch Tractor’s MK-V Series is scheduled to begin in the first quarter. This will follow production of Monarch’s Founder Series in the fourth quarter at Monarch Tractor’s plant in Livermore, California, the companies said.. 

“Creating the industry’s most advanced tractor demands a manufacturing partner with the experience to quickly scale and execute with precision,” said Praveen Penmetsa, co-founder and CEO of Monarch Tractor. 

Monarch Tractor describes itself as “working to utilize 21st-century technology to empower farmers by enabling profitable implementation of regenerative, sustainable and organic practices. The company has produced what it calls “the world’s first fully electric, driver optional, smart tractor, enhances farmer’s existing operations, alleviating labor shortages, and maximizing yields.”

 Hon Hai Technology Group, founded in 1974, is the world’s largest electronics manufacturer.