Posts Tagged ‘Automotive’

Cooper Tire selling to Indian company for $2.22B

by Associated Press Published: June 12,2013

Tags: acquire, acquisition, Automotive, buy, manufacture, manufacturer, manufacturing, merger, plant, sale, sell, tire

TUPELO — The head of Ohio’s Cooper Tire & Rubber Co. says a $2.2 billion deal that puts the company under new ownership won’t result in the closings of its three U.S. manufacturing plants. Cooper chief executive Roy Armes says India’s Apollo Tyres Ltd. also plans to retain Cooper’s management operation in Ohio. Apollo announced […] [...]

Nissan sets May sales record, Toyota’s jump slightly

by Clay Chandler Published: June 7,2013

Tags: Automotive, Bill Fay, economic development, Nissan, Toyota

  Nissan North America set a sales record in May, with 114,457 deliveries. That’s a 24.7 percent increase over May 2012. The global Nissan division also set a record, with 106,558 deliveries, up 31.2 percent over last year. In North America, sales of the Altima, Pathfinder, Sentra and Rogue led the charge. The Altima and […] [...]

GreenTech sues online watchdog for libel

by Clay Chandler Published: June 7,2013

Tags: Automotive, Franklin Institute, GreenTech Automotive, Horn Lake, MyCar, Tunica, watchdog.org

North Mississippi electric carmaker GreenTech Automotive is suing an online government watch dog for libel. GreenTech manufacturers the MyCar, a small electric vehicle, in Horn Lake. It has plans to make full-size vehicles at a facility in Tunica. Terms of a loan the state made to GreenTech call for production to start there no later […] [...]

Aldana takes over at Nissan-Canton

by Associated Press Published: May 5,2013

Tags: automaker, automobile, Automotive, executive, manufacture, manufacturer, manufacturing, plant

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 […] [...]

Tire executives say plant needed to meet global demand

WEST POINT — Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. State and company officials gathered Monday at the Ritz Theater & Conference Center in West Point to celebrate the company’s plans to build a factory. Later, Gov. […] [...]

County watching special session, needs jobs

CLAY COUNTY — Lawmakers are meeting in special session today to consider incentives to bring a Japanese tire manufacturer to Clay County. Yokohama Tire Corp. would make industrial tires for trucks and tractors. In a House committee meeting today, lawmakers were told the state would borrow $70 million to buy land, build infrastructure and train […] [...]

Lawmakers say special session concerns tire manufacturer

CLAY COUNTY — Gov. Phil Bryant is calling lawmakers back to the Capitol tomorrow for what many hope will be a quick a special session to lure an auto parts maker to the state. Bryant has released few details about the project, beyond saying it’s for Mississippi’s “automobile corridor.” Several lawmakers say an international company […] [...]

Governor to call special session, related to automobile corridor

JACKSON — Gov. Phil Bryant said yesterday that he will call lawmakers into special session to deal with an economic development project in what he calls the state’s auto corridor. The Commercial Appeal reports Bryant talked about the special session when he was in Oxford for a groundbreaking on an unrelated project. Bryant said he’s […] [...]

McAuliffe gone, GreenTech works to fulfill loan terms

by Clay Chandler Published: April 19,2013

Tags: Automotive, economic development, GreenTech Automotive, Horn Lake, MDA, Smart Car, Terry McAuliffe, Tunica

GreenTech Automotive has until the end of 2014 to create a minimum of 350 jobs at its Tunica facility, per the terms of a $3-million loan the Mississippi Development Authority made the company. The loan, made in September 2011, is to help the hybrid car company with site preparation and what an MDA spokesperson called […] [...]

Automaker’s workforce to get pay raise this fall

by Associated Press Published: April 11,2013

Tags: automaker, automobile, Automotive, manufacture, manufacturer, manufacturing, pay, payroll, salary, vehicle, workforce

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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