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Electric car maker GreenTech lays off Mississippi workers

Electric car maker GreenTech Automotive has laid off some or all employees at its Mississippi Delta plant. Mississippi Department of Employment Security spokeswoman Dianne Bell told The Associated Press Thursday that the agency has been told GreenTech is “shutting down” in Tunica County. GreenTech didn’t return requests for comment. GreenTech owes Mississippi $2.85 million, after making an overdue $150,000 loan ...

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Mississippi: Electric car maker makes overdue loan payment

Mississippi officials say an electric car maker has made an overdue payment on its state loan. Jeff Rent, a spokesman for the Mississippi Development Authority, said Wednesday GreenTech Automotive made a $150,000 payment this week. The state extended until Monday the deadline for the first payment on a $3 million state loan, originally due June 30. The loan agreement calls ...

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Electric car maker misses debt payment to Mississippi

Electric car maker GreenTech Automotive, which once planned to build 250,000 cars a year and invest $2 billion in an impoverished corner of Mississippi’s Delta region, has missed a debt payment to the state of Mississippi. Mississippi Development Authority spokesman Jeff Rent confirmed Monday that the Tunica County company didn’t pay $150,000 due June 30. That was the first payment on a ...

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Nissan impact on state economy continues to grow

By JACK WEATHERLY Nissan’s automotive assembly plant at Canton continues to grow as a major economic player in the immediate area and statewide, according to a new study. Nissan’s direct and indirect contribution to the state’s gross domestic product averages $2.9 billion a year, up from $2.5 billion in a 2013 report from the National Strategic Planning and Analysis Research ...

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Nissan March US sales rise 13 percent to break record

Nissan’s March sales rose 13 percent to hit a record for any month in its history, a strong sign that U.S. auto sales are continuing to grow despite predictions that they have peaked. The Japanese automaker says it sold 163,559 Nissan and Infiniti models last month, led by the Rogue small SUV. Rogue sales rose 1 percent to nearly 28,000, ...

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Nissan releases details of new, half-ton, Canton-built TITAN pickup at Chicago Auto Show

CHICAGO — Now that the all-new flagship XD model of Nissan’s reimagined TITAN family of pickups is on dealer lots, Nissan is turning its attention to the upcoming “standard” (half-ton) version of TITAN at the 2016 Chicago Auto Show with a special photography release. “There’s a strong family resemblance between TITAN XD and the standard TITAN, with their shared rugged exterior style,” ...

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Volvo opens new distribution center in Mississippi

BYHALIA — Volvo has opened a new 1-million-square-foot central distribution center in Byhalia in northwest Mississippi. The Swedish truck maker closed its regional parts depot in Memphis and consolidated in the larger building located in a sprawling industrial park in Marshall County, Mississippi. The Commercial Appeal reports the new center employs about 250 and is a $70 million investment by ...

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Nissan refuses mediation of union complaints on Miss. plant

JACKSON — Nissan Motor Co. has declined U.S. State Department mediation of its dispute with the United Autoworkers over the union’s attempts to organize Nissan’s Mississippi plant. The UAW and the IndustriALL Global Union federation asked the State Department for mediation in April. That mediation could only happen if Nissan agreed, and the State Department announced Jan. 30 that Nissan ...

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Nissan sets all-time best sales record for 2014; Toyota sales rise 12.7 percent

Buoyed by a resurgent economy, holiday sales, cheap gasoline and low interest rates, Americans headed to car dealers in droves last month, pushing full-year sales to what’s likely to be the highest level since 2006, the Associated Press reports. Nissan, which makes passenger sedans and SUVs in Canton, joined Honda in hitting record numbers for the year, the AP reports. ...

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GM honors BorgWarner facilities with quality award

WATER VALLEY — BorgWarner’s facilities in Water Valley; Frankfort, Illinois; and Ithaca, New York; have received 2014 Supplier Quality Excellence Awards from General Motors (GM). Presented to only 17 percent of GM’s 2,300 suppliers in the United States and Canada, the award recognizes supplier manufacturing locations for achieving consistently high levels of quality based on 13 defined performance criteria. This ...

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