Posts Tagged ‘automobile’

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, […] [...]

Aldana takes over at Nissan-Canton

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 […] [...]

Hailstorm claims exceed $209M; Chaney expects more

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, […] [...]

Automaker’s workforce to get pay raise this fall

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 […] [...]

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

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 […] [...]

Legislators discussing bonds for Nissan or supplier

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 […] [...]

Insurers setting up in Fairgrounds to meet post-storm demand

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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