Mississippi Business Journal » automobile

Study says Nissan subsidies total $1.33B; MDA says overestimated

Associated Press — Fri, 17 May 2013 14:55:14 +0000

CANTON — A study paid for by the United Auto Workers finds state and local governments may provide Nissan Motor Co.’s Mississippi plant with nearly $850 million in tax breaks over 30 years, plus $400 million in cash aid. The report estimates Mississippi will pay $90 million in interest on money borrowed to aid Nissan, [...]

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Aldana takes over at Nissan-Canton

Associated Press — Sun, 05 May 2013 19:02:36 +0000

CANTON — David Aldana, currently director of Nissan’s manufacturing facility in Aguascalientes, Mexico, has been named vice president of the Nissan Canton Vehicle Assembly Plant in Canton. Aldana will replace Dan Bednarzyk who has been named to the newly created position of vice president, Total Delivered Cost. Nissan made the announcements Friday. Aldana joined Nissan [...]

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Hailstorm claims exceed $209M; Chaney expects more

MBJ Staff — Thu, 25 Apr 2013 12:29:53 +0000

METRO JACKSON — The latest report from Mississippi’s major insurance carriers on the March hailstorm to the Mississippi Insurance Department (MID) shows that both claim and payment numbers continue to rise. As of the April 15 reporting period over 56,000 homeowner and automobile damage claims have been filed and claims payments are at $209.4 million, [...]

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Automaker’s workforce to get pay raise this fall

Associated Press — Thu, 11 Apr 2013 17:16:23 +0000

CANTON — Nissan Motor Co. will raise pay for its employees in Mississippi and Tennessee. The company has told its employees it will increase their wages starting in October at its Canton and Smyrna, Tenn., assembly plants, as well as its Decherd, Tenn., engine plant. Nissan says pay will go up by 55 cents an [...]

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Insurers see more than 40,000 hailstorm claims; Chaney expects more

MBJ Staff — Wed, 03 Apr 2013 12:43:50 +0000

METRO JACKSON — Mississippi’s major insurance carriers have reported to the Mississippi Insurance Department that as of late March they have received over 40,000 homeowner and automobile damage claims as a result of the March 18 hailstorm that hit Jackson and the surrounding area. They have paid out over $25 million in claims, according to [...]

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Legislators discussing bonds for Nissan or supplier

Associated Press — Wed, 27 Mar 2013 14:31:18 +0000

CANTON —-Mississippi lawmakers are considering giving a Madison County development agency $100 million in bonding capacity that would be used to construct buildings for Nissan Motor Co. or a supplier of the automaker. The Madison County Economic Development Authority would issue the taxable industrial development bonds, which the occupant would repay. Officials say that creditors [...]

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Insurers setting up in Fairgrounds to meet post-storm demand

MBJ Staff — Thu, 21 Mar 2013 11:43:52 +0000

JACKSON — Due to the large volume of auto claims being filed following last Monday’s hailstorm, the Mississippi Insurance Department has arranged for insurance companies to use the Mississippi State Fairgrounds as additional damage inspection stations. These sites will be in addition to the multiple locations companies have set up across the area to inspect [...]

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Eighteen counties, state agencies see damage from storm

MBJ Staff — Wed, 20 Mar 2013 13:19:35 +0000

ACROSS MISSISSIPPI — The Mississippi Emergency Management Agency and other state agencies continue to assess damages from severe weather that moved through the state Monday, bringing damaging winds and large hail. Seven state agencies, including MEMA, have reported damage. They are: • MEMA: Damage to 34 fleet vehicles, satellite radio communication systems, additional response equipment [...]

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More than a dozen counties see damage from storm system

MBJ Staff — Tue, 19 Mar 2013 12:23:55 +0000

ACROSS MISSISSIPPI — The Mississippi Emergency Management Agency has received reports of damage from 14 counties as a result of severe weather that moved through the state yesterday, causing extensive damage in the Metro Jackson area from hail. The counties reporting damages are: • Calhoun: Trees and power lines down • Chickasaw: Trees and power [...]

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Auto shop goes up in flames with no injuries

Associated Press — Mon, 25 Feb 2013 12:59:20 +0000

KOSSUTH — Fire destroyed a motorsports shop in Kossuth on Wednesday. The Daily Corinthian reports Unique Motorsports, owned by Mike Meeks, was a total loss in a fire that started at about 2:30 p.m. Meeks said he had just returned from an out-of-town trip when he saw the flames coming from the shop, which was [...]

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