Posts Tagged ‘automobile’

FSNA gives update on Simply Wheelz bankruptcy

RIDGELAND — Franchise Services of North America Inc. (FSNA) has released an update on the previously-announced bankruptcy proceedings of the company’s wholly-owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, in the United States Bankruptcy Court for the Southern District of Mississippi. On Nov. 7, the court entered interim orders authorizing […] [...]

Toyota Boshoku expanding, adding nearly 200 workers

MANTACHIE — Automotive supplier Toyota Boshoku is adding 180 jobs at its manufacturing plant in northeast Mississippi. The company said today that it’s investing $21 million at the plant it opened in 2011 in Mantachie, where it makes seat components and door panels for the Toyota Corolla. The parts go to a Toyota Motor Corp. […] [...]

Executive: Parts suppliers struggling to meet new-car demand

ACROSS MISSISSIPPI — The rising demand for new cars is creating a problem for parts suppliers — and that, in turn, could hurt the growth of car plants in Mississippi, a trade association official says. Many suppliers already are running near full capacity, J. Scot Sharland, executive director of the Detroit-based Automotive Industry Action Group, […] [...]

Prosecutors: Hospice owner bilked Medicare for millions

GREENWOOD — Newly released court records claim the owner of a Mississippi hospice ran a multimillion Medicare fraud and used some of the money to buy 20 cars since December 2009. The details about Angelic Hospice in Greenwood and its owner’s purchases were outlined in a 27-page document dated Feb. 19 but only made public […] [...]

City approves CarMax site; lawsuit to be dropped

TUPELO — The Tupelo City Council has cleared the way for a used car dealer to open near the city’s Mall at Barnes Crossing. The council voted yesterday to update the city’s development code and zoning map, the Northeast Mississippi Daily Journal reports. Used car chair CarMax had sued the city over its denial of […] [...]

Toyota to begin exporting Corollas to Latin America, Caribbean

BLUE SPRINGS — Toyota says it will begin sending U.S.-built Corolla sedans to 18 countries in Latin America and the Caribbean starting next year. The world’s biggest car maker said today that production of the U.S.-built vehicles is set to start at its Blue Springs plant near Tupelo in April 2014. Toyota Motors Corp. expects […] [...]

Toyota gives area schools $1M education grant

PONTOTOC — Officials of automaker Toyota handed over a $1 million education grant in ceremonies yesterday at Pontotoc Junior High School. WTVA reported the donation is part of Toyota’s commitment of $50 million over a 10-year period to schools in counties represented by the PUL Alliance — Pontotoc, Union and Lee. The PUL Alliance was […] [...]

Body shops file suit over State Farm’s part-finding program

JACKSON — More than two dozen body shops are asking a Mississippi court to block an insurance company’s program that would change the way they find auto parts. The Mississippi Collision Repair Association and the body shops filed a lawsuit yesterday in Hinds County Chancery Court against State Farm Mutual Automobile Insurance Company and PartsTrader […] [...]

Will the GreenTech project survive investigation, challenges?

TUNICA — It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles. GreenTech Automotive Inc. announced in 2009 production would […] [...]

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

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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