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Automotive

Gov. Beshear: Toyota Increasing Investment to $1.3 Billion for Kentucky Battery Electric Vehicle Production

FRANKFORT, Ky. (Feb. 6, 2024) – Today, Gov. Andy Beshear announced Kentucky has furthered its position as a national leader in the automotive

Labor

Biden hails robust jobs market as proof US economy is ‘strongest in the world’

Joe Biden declared the strong jobs figures released on Friday as proof that “America’s economy is the strongest in the world”. The

Mergers & Acquistions

Japanese bid for U.S. Steel challenges Biden’s approach to global economy

The prospect of a Japanese corporation buying U.S. Steel — whose products shaped American landmarks like the Empire State Building — is stirring an

Aerospace

Boeing was once known for safety and engineering. But critics say an emphasis on profits changed that

Part of the fuselage blowing off shortly after takeoff, leaving a gaping hole in the plane, and phones and clothing ripped away from terrified

Shipping and Logistics

Atlanta-based UPS to cut 12,000 jobs as shipping volume falls and labor costs rise

UPS plans to cut 12,000 jobs as demand for package delivery stagnates, executives said Tuesday. The layoffs will eliminate around 2.4 percent

Automotive

Hyundai’s Savannah area “Metaplant”: The Southern Automotive Corridor’s signature win to date?

For decades, the rumors that Volvo and Audi would build full assembly plants in the Southern Automotive Corridor would surface, then go

Sports Business

Alabama football head coach Nick Saban, seven-time national champion, is retiring

Alabama football coach Nick Saban, whose seven career national championships are the most by a head coach at NCAA football’s highest level,

Automotive

BlueOval City update: The timing of mass hiring and installing Ford’s Industry 4.0 plans

Ford Motor Co.’s BlueOval City is on time and on track to launch in 2025, according to an update plant executives gave

Automotive

Why the Southeast Is Winning EV Projects, With More on the Way

The southeastern United States has become a focal point for electric vehicle (EV) manufacturers and their suppliers as automotive original equipment manufacturers

Defense

RTX subsidiary wins $345M Air Force contract

Raytheon, a subsidiary of Arlington County-based aerospace and defense contractor RTX, won a $344.6 million U.S. Air Force contract modification, the Department

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