Two huge Ford Motor deals
Ford Motor and battery supplier SK Innovation have planned to invest over $11 billion at two sites in the South, one in Kentucky and the other in Tennessee. The projects will produce electric vehicles and batteries. The two sites are the Memphis Regional Megasite and the Glendale Megasite in Hardin County, Ky. The Tennessee project will include a 3,600-acre campus, a supplier park, recycling center and a new assembly plant to build F-Series trucks. The two projects are expected to create almost 11,000 full-time jobs and are part of President Joe Biden’s call for companies to onshore supply chains amid the global shortage of semiconductor chips and the logistics backlog that is being experience in the supply chain from foreign countries. The state of Tennessee invested more than $174 million on improvements at the Memphis Regional Megasite. Tens of millions have also been spent on the Glendale Megasite in central Kentucky over the years as well. That site came in second in the Hyundai site search that ended up in Montgomery, Ala., nearly 20 years ago. The joint venture on both sites will be called BlueOvalSK.
Global automotive supplier Auria to expand in South Carolina
Auria Spartanburg has announced that it is expanding its plant in Spartanburg to meet growing demand. The $12 million deal will create 103 new jobs. The company makes flooring, acoustic systems and other parts for a variety of automakers.
Auto parts supplier relocating to Texas site
Vehicle Accessories Inc. plans to relocate 315 manufacturing jobs and its $13.5 million annual payroll from Sunnyvale, Calif., and other locations to Mesquite, Texas. The company plans to combine operations in Sunnyvale, Buffalo (N.Y.), Toronto, Ontario and Magog, Quebec, to the new Mesquite location. The relocation project will create 315 jobs.
Toyota celebrates 25 years in West Virginia
In the fall quarter, Japanese automaker Toyota celebrated a major milestone— the company has operated in Buffalo, W.Va., for 25 years. The company makes four- and six-cylinder engines there are well as transmissions and hybrid trans-axles.
International automotive manufacturer to open facility in Central Texas
The Greater San Marcos Partnership announced in the fall that Plastikon Industries will open a new factory in Kyle, Texas. The company supplies interior components to companies like Tesla and Toyota. The $13.6 million deal will create 200 jobs.
Toyota again expanding its Alabama engine plant
Japanese automaker Toyota will be the exclusive North American producer of the twin-turbo V6 engine for the 2022 Tundra. The manufacturer said the twin-turbo V6 engine line represents a $288 million investment in Toyota Alabama operations and an added 450 jobs, bringing total employment to 1,800.
REHAU announces another expansion in Cullman, Ala.
German auto supplier REHAU is expanding again in Cullman, Ala. In the summer, REHAU officials said they would spend $50 million at the Alabama plant for new equipment and tooling. REHAU’s largest customer in Alabama is the Mercedes-Benz plant in Tuscaloosa County.
Carvana creating jobs in Oklahoma
Auto retailer Carvana is investing in an inspection and reconditioning center in Oklahoma City that’s expected to bring more than 350 new jobs to the metro.
Auto supplier to establish first U.S. factory in Northeast Tennessee
Sungwoo Hitech America will place its first U.S. factory in Telford, Tenn. The company plans to produce bumpers, rear components, and side framing for a variety of automakers including BMW, Hyundai, Kia and Volkswagen. Approximately 115 jobs will be created.
Audi could build electric vehicles at Volkswagen’s plant in Tennessee.
Audi’s parent company is VW and the chances of the German automaker building EVs in Chattanooga are growing stronger every day. Audi shares the same all-electric architecture as the ID.4 model which it builds in Chattanooga.