Nissan supplier to add 100 jobs in Smyrna

Expansion comes in at $53.5M
Apr 29, 2015 11:30 AM

AG settles with auto dealer over ad practices

The Tennessee Attorney General's Office and the state Division of Consumer Affairs have reached an agreement with auto dealer Wholesale Inc. that calls on the company to change its advertising. The deal comes after a complaint from a soldier stationed at Fort Campbell led to allegations that the company violated the Tennessee Consumer Protection Act in marketing a fictitious lender and saying it was marketing a limited amount of loans to military personnel. Check out more info here.

Apr 21, 2015 9:01 AM

$2B company buys local auto shopping data venture

Carfax brand owner adds analytics tool to its arsenal
Apr 10, 2015 2:04 PM

Now under Tech 2020 umbrella, XLR8R looks for third cohort

Automotive accelerator program autoXLR8R, which is now being run by regional venture development organization Tech 2020, is on the hunt for its third cohort of startups. The nine-week program was started by the Southern Middle Tennessee Entrepreneur Center in 2013 and will this year be run from Tech 2020's Oak Ridge offices. Classes will start July 6 and take place in various meeting locations but the Tech 2020 team also will utilize online platforms to be more accessible to participants and gather a wider audience.

"We are moving to an online/remote based program delivery, which will minimize disruption of the entrepreneur's normal business activities and it also removes geography as a constraint,” Shawn Carson, Tech 2020's director of venture development, said in a release. “We expect to have participants from across Tennessee and the Southeast."

Tech 2020 also has connections with the University of Tennessee and UT Research Foundation.

Apr 7, 2015 7:02 AM

New CEO, sales EVP for Franklin auto parts maker

Board member takes over top seat
Apr 3, 2015 7:39 AM

Superspeedway buyer says it has finalized funding

Parties agree to close deal in next 60 days
Mar 30, 2015 2:46 PM

Nissan beefs up sales structure

Regional units added, VPs named
Mar 20, 2015 2:10 PM

Nissan to spend about $160M, create 1,000 jobs in Smyrna

Supplier park facility will span 1.5M square feet, come with $18M incentives package
Mar 17, 2015 3:10 PM

Raises for First Acceptance leaders

The directors of auto insurer First Acceptance last week voted to give CEO Joe Borbely and CFO Brent Gay raises of 33 percent and 21 percent, respectively. Borbely, who took over as CEO last fall, will now be paid $400,000. He, Gay and Senior Vice President Daniel Walker also have been awarded a collective $526,000 in bonuses for their 2014 work, which was headlined by a $20 million tax benefit. Check out the full set of numbers here.

Mar 16, 2015 8:41 AM

First Acceptance Q4 operating profit down slightly

First Acceptance posted an operating profit of nearly $3.1 million in the fourth quarter, down slightly from the last three months of 2013. (Net income was helped big time by a $20 million tax benefit thanks to 10 consecutive quarters in the black.) Total premiums rose nicely to $56.3 million from $48.7 million but losses also rose substantially, with the loss ratio climbing to 74.5 percent from 70 percent. The company made that up on the expense side, though, and CEO Joe Borbely says his team early this year began writing policies in Virginia, First Acceptance's 13th state.

Check out the company's full set of numbers here. First Acceptance shares (Ticker: FAC) were changing hands at $2.40 in midday trading Thursday. So far this year, they've fallen about 5 percent.

Mar 12, 2015 1:07 PM