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CME breaking ground on site

CME Corp., a design and construction services company at 7235 Vicksburg Pike, will host a groundbreaking ceremony Tuesday morning at 9:30.

The event will showcase the future site of a 60,000-square-foot speculative building at Hatfield Drive in Fort Wayne. The company said it has crafted a state-of-the-art industrial facility with hopes of luring a business looking for incentives to locate in Fort Wayne.

CME officials said they are targeting advanced manufacturing, defense, security, medical device, and food processing markets.

China auto sales up amid cash crunch

China’s passenger-vehicle sales rose 9.3 percent in June after dealers increased discounts to clear stock and meet half-year targets amid a cash crunch and concerns the economy is slowing.

Wholesale deliveries of cars, multipurpose and sport utility vehicles climbed to 1.4 million units last month from 1.28 million units a year earlier, according to the state-backed China Association of Automobiles Manufacturers last week. That matched the median in a Bloomberg News survey.

General Motors broke ground on a new Cadillac factory in China last month