Global shortage of computer chips has effect on the Southern Auto Corridor
The pandemic has created disruptions in the supply chain, especially the computer chip industry. Experts estimate that automakers in the U.S. will assemble 1 million fewer vehicles because of the dearth of computer chips. This in turn has created inflation in both used and new cars.
Amazon-based electric vehicle start-up Rivian announces it will build another assembly plant
In the summer quarter, electric vehicle start-up Rivian said it would build another assembly plant. The company has raised $10.5 billion to date and is currently building its first plant in Illinois.
Toyota celebrates 10 millionth Camry at Kentucky plant
Toyota’s first wholly owned vehicle plant in North America, Toyota Motor Manufacturing Kentucky (TMMK) in Georgetown, recently produced its 10 millionth Camry. Toyota also celebrated 35 years of operating the plant.
Volkswagen Chattanooga ending sedan assembly to concentrate only on SUVs
Volkswagen is dumping the Passat sedan production at its Tennessee plant. The plant is readying for all SUV production and a massive effort at electrifying all its vehicles in Chattanooga.
Kaiser Aluminum relocating HQ to Williamson County, Tenn.
Kaiser Aluminum officials announced that the company will relocate its corporate headquarters from Foothill Ranch, Calif., to Franklin, Tenn. The producer of specialty aluminum products for aerospace, automotive and other industries will invest $3 million and create 80 jobs in Franklin.
Auto supplier adding 150 jobs in Elizabethtown, Ky.
Metalsa is hiring to fill at least 150 new positions after expanding its Elizabethtown plant to handle new products for electric vehicles. The Tier 1 auto supplier currently produces frames and other parts for the Ford Expedition, Navigator and F-150. Now, the facility is also going to make frames and battery trays for Ford and RIvian electric vehicles.
South Carolina Ports breaks another record
South Carolina Ports celebrates its strongest fiscal year on record for containers handled at the Port of Charleston. SC Ports handled 2.55 million 20-foot equivalent units (TEUs) at Wando Welch Terminal, North Charleston Terminal and Hugh K. Leatherman Terminal in fiscal year 2021 (which ended June 30). Vehicles remained a strong business segment, up 27 percent compared to the prior year.