ABB is acquiring Memphis-based Thomas & Betts Corp. for a reported $3.9 billion.
Thomas & Betts, a manufacturer of electrical, electronic, mechanical and utility products, is recognized in Middle Tennessee for its locations in Brentwood and Portland.
Switzerland-based ABB operates a Nashville-area facility in Donelson.
The Memphis Commercial Appeal has the full story here.
Nissan today provided an update on its Japanese operations following the natural disaster that has rocked the Asian country.
The company said it has suspended operations at four plants until March 20. Two of its facilities will resume operations tomorrow and Friday, while inventory supplies last. The company's JATCO's Fuji Plant and Fujinomiya Plant, which manufactures transmissions, have reported partial damage to its buildings and equipment and operations have been suspended while damage is assessed.
As for its vehicle stock, Nissan said nearly 70 percent of the vehicles Nissan Americas sells are produced in the region and manufacturing operations will operate on a normal schedule and, due to a 50-day supply of vehicle stock on the ground or already in transit from Japan, it does not anticipate any near-term impact on sales or vehicle availability.
Click here for the full release from Nissan, which includes details on the company's relief efforts.
A third of all Nissan vehicles sold in the United States are manufactured in Japan. So the natural disaster that has rocked the country — causing widespread damage and destruction (including damage to some 2,300 Nissan vehicles bound for the U.S.), questions about the country's future electricity supply and travel and shipping disruptions — could lead to a shortage of the Nissan vehicles in the coming months.
The Tennessean has the story today.
"We'll start to see absolutely in the next month or so some supply issues," said Brett Smith, assistant research director at the Center for Automotive Research in Ann Arbor, Mich.
POSTDATA: WARRANTY DEEDS