Posts Tagged Tennessee
Ford Announces Giant Electric Vehicle Plant in Western Tennessee
On September 27, Ford Motor Company announced plans to invest $5.6 billion at the Memphis Regional Megasite in Stanton, Tennessee, to build an electric vehicle (EV) assembly and battery plant, jointly with SK Innovation. The facility, dubbed “Blue Oval City” by Ford (in a reference to its corporate logo), is projected to employ 5,800 people as Ford makes its first big foray into EV production. The same week, Ford and SK Innovation revealed plans for two more battery plants in Glendale, Kentucky, south of Louisville, at an estimated cost of $5.8 billion.
Tennessee Officials Ponder the Future of VW’s Subsidies
Amid a global scandal in which Volkswagen admitted to equipping its diesel-engine cars with devices that cheat air pollution tests, Tennessee lawmakers are planning to review the state’s subsidy contract with the German automaker, including the clawback provisions.
Gold Shovels Digging Holes in State Budgets
Area Development Magazine, a magazine covering corporate relocation and facility planning, released its 2015 Gold & Silver Shovel Awards, which are said to "recognize individual states for their