Auto supplier scouting state
Posted on November 12, 2009 at 7:40 amAn Ontario maker of headrests and other auto parts is looking at expanding in Tennessee as well as in Mexico and near Evansville, Ind. Windsor Machine Group’s project would eventually bring with it about 130 jobs.
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Cash for clunkers’ local boost
Posted on October 30, 2009 at 2:26 pm
Middle Tennessee’s factory sector saw a nice boost in activity during September, with hours worked at durable goods manufacturers jumping almost 20 percent.
Another franchisor targets Nashville
Posted on October 19, 2009 at 3:07 pm
Glass Doctor, which markets various residential and commercial glass services from almost 400 stores around the country, says Nashville is on its wish list for franchising. The average franchised store rings up about $850,000 in annual revenues.
SEE ALSO: A snapshot of other franchisors who have cast their eye on Music City
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Auto supplier updates HQ relo status
Posted on October 15, 2009 at 2:44 pm
Vista-Pro Automotive, the car parts maker created by a Chicago private-equity investor this summer, says it plans to relocate at least 60 more people to its new Century City home in the coming year.
SEE ALSO: Auto supplier shakeout nets Nashville HQ
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The trouble with being in the auto business right now
Posted on October 8, 2009 at 12:41 pm
Companies in many sectors are complaining about the lack of available credit, but few could say they have it as bad as automotive suppliers. WPLN’s Daniel Potter reports on the hunt for capital and the rays of hope in auto manufacturing.
“Even good suppliers are being viewed skeptically by and large because they’re associated with the automotive industry. And the industry as a whole is in fairly difficult shape.”
DeKoker has tracked about 50 parts supplier bankruptcies so far – nowhere near the fallout he would’ve predicted in this economy. He chalks that up to companies “hibernating” – slowing production in hopes of lasting until business can pick up again.
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Labor deal for Bridgestone
Posted on September 17, 2009 at 7:27 am
Representatives of Bridgestone America Tire Operations and the United Steelworkers have agreed on the broad strokes of a new collective bargaining agreement that will cover more than 2,800 at four factories.
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A brightening outlook for tire makers
Posted on August 14, 2009 at 7:03 am
Morningstar analyst Joung Park says “beleaguered U.S. consumers are deferring tire replacements” during the recession. But once they find the cash to get new rubber for their rides, the industry — including Nashville-based Bridgestone, which isn’t examined here — will have a better time of it.
… [W]e believe that this pent-up replacement-tire demand will be released in the near future, likely in 2010 and 2011. We believe this confluence of contracting supply and rebounding demand for replacement tires will provide a temporary spike in profitability for Cooper and Goodyear by raising plant-utilization rates and tightening tire availability, thereby supporting pricing. In addition, falling raw-material costs could provide an additional boost to industry bottom lines.
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Hundreds of auto jobs for Jackson
Posted on July 21, 2009 at 10:34 am
North Carolina-based Carlisle Tire & Wheel Co. has picked West Tennessee for a new factory that will make tires, inner tubes and wheels for various vehicles. The plant, which used to house Whirlpool operations, is expected to employ 440 people and will receive various incentives and tax credits from the state.
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Bridgestone adds to recall
Posted on July 1, 2009 at 7:07 amThe tire manufacturer, which has its Americas home base in Nashville, has widened the scope of a recall of light-truck/SUV tires made in Costa Rica.
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VW supplier bringing 200+ jobs to Chattanooga
Posted on June 25, 2009 at 9:07 amThe U.S. arm of Spain’s Gestamp will invest $90 million in a stamping operation at the Enterprise South Industrial Park. Within three years, the company will employ 230 people at the site near Volkswagen’s plant.
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Firestone unit laying off in Texas
Posted on June 19, 2009 at 7:16 amAt least two dozen workers at the Firestone Polymers plant in Orange, Texas, near the Louisiana state line, will be let go in the coming week. The plant was heavily damaged by Hurricane Ike last September.
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Bridgestone starts union talks
Posted on June 17, 2009 at 8:28 amExecs from one of the tire maker’s main divisions are sitting down with representatives of the United Steelworkers today to begin negotiating new contracts for almost 3,000 workers.
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Firestone to sponsor Miami race
Posted on May 22, 2009 at 1:00 am
The Nashville-based company, which is the official tire supplier to the IndyCar Series, will sponsor the series’ season-ending race at Miami-Homestead Speedway. The company had its name on its hometown race from 2002 to last year.
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Cummins Filtration shedding Wisconsin jobs
Posted on May 21, 2009 at 8:22 amThe manufacturing downturn continues to work its way through the system: Nashville-based Cummins Filtration is laying off about 70 people at a plant that lost more than 50 people two months ago.
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Michelin settles with AGs over savings claims
Posted on May 14, 2009 at 11:58 am
The tire maker will pay $375,000 to settle claims of false advertising related to the financial savings its tires could produce. In all, 17 states were part of the investigation, which was led by Tennessee Attorney General Bob Cooper.
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