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TN flexes automotive muscle in South
Tennessee leads the South as the supplier base for the automotive industry, and it has weathered the recession well, emerging with a stronger auto sector than it had before. Those are some of the conclusions of a new study, “Drive! Moving Tennessee’s Automotive Sector Up the Value Chain,” released today by The Brookings Institution, an independent public-policy think tank based in Washington, D.C. “More than 30 years ago, Tennessee’s economy was transformed by the arrival of Japanese automaker Nissan in Smyrna,” says the report’s summary. The Tennessean
Submitted 1 years 271 days ago

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Tennessee auto industry at a crossroads
Starting with virtually nothing, and going to the top of the heap: That’s how Tennessee’s burgeoning automotive industry has grown in the three decades since the Japanese automaker Nissan brought its first U.S. assembly plant to Smyrna. The state has become the “new Michigan,” some experts suggest, leading the nation with auto jobs and industry growth. Today, more than half of all manufacturing jobs in Tennessee are auto-related. But the industry has come to a crossroads in Tennessee, according to a new study by The Brookings Institution. The Tennessean
Submitted 1 years 271 days ago

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VW leader to talk with Gov. Haslam about producing new SUV at Chattanooga plant
A top Volkswagen labor leader and supporter of the United Auto Workers organizing efforts in Chattanooga says he will raise the prospects of a second production model at the local factory when he meets with Tennessee Gov. Bill Haslam, according to Reuters. Bernd Osterloh, head of VW’s global works council, said he plans to meet politicians and other supporters and opponents of the UAW over the next weeks on a visit that had to be changed after his plane was grounded last week because of mechanical issues, Reuters said. Meanwhile, U.S. Sen. Bob Corker, R-Tenn., told the German daily Handelsblatt that it would be one of Volkswagen’s “biggest mistakes” to allow the UAW to represent workers at its Chattanooga plant. Chattanooga Times Free Press
Submitted 1 years 271 days ago

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UAW stakes future on union vote in South, focuses on Canton, Miss.
CANTON -- The United Auto Workers -- desperate to make inroads in the anti-union South where Toyota, Volkswagen and other foreign automakers have assembly plants -- has never tried a unionization drive quite like the one at the Nissan plant here.It has enlisted thousands of union members in Brazil to picket Nissan dealerships there as the company prepares to co-sponsor the 2016 Olympics in Rio de Janeiro. The union has sent a team of Mississippi ministers and workers to South Africa, where Nissan has an assembly plant, to try to embarrass the company with accusations that it violates workers' rights at the Canton plant. Biloxi Sun-Herald
Submitted 1 years 271 days ago

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Signal International set to hire 500 at Pascagoula, Miss., shipyard within 2 months
MOBILE, Alabama -- Mobile-based Signal International announced this week that new contract awards over the past month have prompted the company to hire 500 workers at its Pascagoula yard this year. Over the past month, Signal has been awarded multiple contracts to refurbish and upgrade four offshore drilling rigs, President and CEO Dick Marler said. All work is slated to be performed at the Pascagoula yard, and the rigs are already arriving. Mississippi Press
Submitted 1 years 271 days ago

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BP trial to focus on scientists’ leak estimates
NEW ORLEANS — When BP used a capping stack to seal its blown-out well in the Gulf of Mexico, the device didn’t just shut the source of the nation’s worst offshore oil leak. Its pressure gauge also provided scientists with crucial data about the rate that crude that was spewing from the well when engineers finally killed it in July 2010. Experts for BP and the federal government used the pressure gauge data in calculating how much how much oil leaked into the Gulf during the 87 days it took to plug the well. The Advocate
Submitted 1 years 271 days ago

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Critters, weeds invading La., destroying habitat
Ecologist Jacoby Carter is shin deep in the muck of a roadside ditch in St. Mary Parish, chasing down a tip that one the latest foreigners to invade Louisiana is on the move. The telltale signs are obvious — bright pink clusters of eggs cling to plant stems and culverts — and it doesn’t take Carter long to spot the suspect. The giant apple snail is about the size of a tennis ball, and the ditch, which is a long way from the snail’s native habitat of South America, is filled with the mollusks. The Advocate
Submitted 1 years 271 days ago

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Airbus gets $9.5 billion order from Japan Airlines; 'This was the big order Airbus was looking for'
Airbus announced a $9.5 billion order from Japan Airlines on Monday, according to the New York Times. Japan Airlines and Airbus, per the report, said the Japanese carrier will buy 31 A350 wide-body jets, which are expected to replace its Boeing 777 jetliners. “Certainly this is the big order Airbus was hoping for, the big foot in the door that could lead to new orders,” Will Horton, an analyst at the CAPA Center for Aviation in Hong Kong, told The Times. The deal marks the first Airbus purchase for Japan Airlines. AL.com
Submitted 1 years 271 days ago

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Economic dynamo: TVA has major role in industrial development
When most people think about the Tennessee Valley Authority, they instinctively think about electricity. It’s a logical thought considering TVA was brought to the South in the mid-1930s as a key component in President Franklin Roosevelt’s New Deal package to help the country pull out of the Great Depression. TVA brought electricity for the time to thousands of Shoals residents and has been a constant in the region since that time. Florence Times-Daily
Submitted 1 years 271 days ago

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Chambers County, Ala., trades spindles for suppliers as Alabama auto industry rises
LANETT, Alabama – In East Alabama’s Chambers County, the textile industry facilities are all gone, many of the last survivors wiped away in one brutal year of rapid-fire plant closings. In their place have come a string of companies that use plastic injection molding machines to make automotive parts and firms that stamp out metal body panels. Valerie Gray, executive director of the Chambers County Development Authority, has had a first-hand view of the dramatic shift that began reshaping Alabama’s manufacturing sector when Mercedes-Benz announced on Sept. 30, 1993, that it would build vehicles in the state. MadeinAlabama.com
Submitted 1 years 271 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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