Hedge fund ups First Acceptance stake

Financial sector-focused hedge fund Second Curve Capital still thinks local nonstandard auto insurer First Acceptance has lots of potential. Second Curve managers filed papers this week saying they now own more than 3.2 million shares of First Acceptance, which equates to 7.9 percent. That's up from 5.3 percent 10 months ago. The move is something of a doubling down: Since last spring: First Acceptance (Ticker: FAC) has fallen about 10 percent.

Feb 5, 2015 11:09 AM

Nissan says no to mediator in Canton union dispute

Executives at Nissan have declined a State Department offer to mediate a dispute between the automaker and the United Auto Workers and IndustriALL Global Union, which contend the company is violating international labor laws at its Canton, Mississippi, complex. Company officials say they are focused on complying with U.S. labor laws and the structures organized by the National Labor Relations Board.

The State Department wrote that it "determined that the issues raised by UAW/IndustriALL are material and substantiated and merit further examination," but also said that if Nissan had chosen to mediate, that shouldn't be taken as an admission of guilt.

Feb 4, 2015 1:18 PM

Report: Volvo talking to Kentucky about plant

Middle Tennessee's automotive ecosystem could grow in coming years with the help of one of Sweden's biggest brands. The Financial Times is reporting that Volvo executives have had preliminary talks with Kentucky ECD officials — as well as their counterparts in a number of other states — about building a manufacturing plant there. Megasites near Hopkinsville, just north of Clarksville, and Elizabethtown are in the mix but it's early days yet — to the point that a state spokesman wouldn't even confirm that talks have taken place with Volvo, which is now owned by a Chinese holding company.

Jan 23, 2015 7:49 AM

Four-brand luxury car dealership in works for Brentwood

Jonathan Romeo at Brentwood Home Page has the story on Batson & Associates' plan to build a four-in-one auto dealership for Aston Martin, Bentley, Maserati and Rolls-Royce on Mallory Lane north of Moores Lane in Brentwood. The Music City Motorcars project would take up almost five acres and join nearby dealerships for Audi, BMW, Mini and Porsche.

Jan 6, 2015 7:09 AM

Tennessee factory employment outpacing country's

Trade publication Manufacturers' News says manufacturing employment in Tennessee rose by almost 4,500, or about 1.1 percent, over the past year. The auto sector is leading the way and the state has comfortably outpaced the nation over the past two years.

Dec 19, 2014 8:15 AM

Nissan helping state build manufacturing workforce training hub

Smyrna extension of Murfreesboro campus scheduled to open in two years
Dec 9, 2014 11:12 AM

Step on the gas

Accelerator breeds auto innovations, looks for regional reach
Dec 7, 2014 11:31 AM

'All sorts of implications'

Chewing on some questions raised by a world with ever more self-driving cars
Dec 7, 2014 11:28 AM

Nissan eyes 'self-cleaning' car

Nanoparticle treatment repels liquids, could become auto option
Dec 7, 2014 11:25 AM

Restoring the shine

How Carlex revived the fortunes of Nashville’s storied Ford Glass plant
Dec 7, 2014 11:22 AM