Spiking energy leads wholesale prices up 0.5% in February
The rise in wholesale prices moderated a bit in February after a record increase in January with both months being hit with higher energy prices. increased by 0.5% last month following a record jump of 1.3% in January. (AP Photo/LM Otero, File)WASHINGTON โ Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. Over the past year, wholesale prices are up 2.8%, the largest 12-month gain at the wholesale level in more than two years. Earlier this week, the U.S. reported that consumer prices rose 0.4% in February, the biggest gain in six months, also because of rising energy prices.
Video shows Rouge Electric Vehicle Center construction animation
Video shows Rouge Electric Vehicle Center construction animationPublished: September 17, 2020, 11:27 amThe new plant -- called the Rouge Electric Vehicle Center -- is being built at the Ford Rouge complex in Dearborn, Michigan, where Ford is starting to produce a new version of the F-150 thatโs due in showrooms this November.
Armed robbery manhunt sends AK Steel, Ford Rouge plants into lockdown
DEARBORN, Mich. A manhunt for an armed robbery suspect put the AK Steel and Ford Rouge plants into lockdown Thursday. A massive police presence was at the steel plant as they searched for hours. ORIGINAL STORY: Dearborn police searching for armed robbery suspect on AK Steel propertyAccording to authorities, Garden City police chased a robbery suspect to the AK Steel Plant, where he ditched his truck. Ford had locked down all buildings at its Rouge site for several hours to keep workers safe, but that lockdown has since been lifted. AK Steel is inside the gates at the Rouge site, but is not a Ford facility.