Hyundai Plans $5.5 Billion Factory Complex in Georgia for Electric Vehicles
Hyundai Motor Group HYMLY 0.00%▲ said Friday it plans to build a $5.5 billion manufacturing complex in Georgia dedicated to making electric vehicles, the latest in a wave of new auto-factory investment flowing to the U.S. South. The new Hyundai plant is expected to break ground early next year and open in the first half […]
The best places to live in the US in 2022-2023: A new city is crowned
Huntsville, Alabama, has been ranked No. 1 on U.S. News & World Report’s annual Best Places to Live list for 2022-2023, toppling Boulder, Colorado, which wore the crown for the past two years but now sits at No. 4 in the ranking of the 150 largest metropolitan areas in the country.
From Starbucks to Shake Shack, Drive-Through Lane Competition Heats Up
Demand for the humble drive-through lane is booming, as coffee makers, chicken joints and other fast-food operators vie for limited supply. Interest in drive-through real estate was growing even before Covid-19, but it exploded last year when total sales volume for restaurants, pharmacy and bank properties hit a record $12 billion, according to data firm […]
Covid-19 Pandemic Drives U.S. Population Growth to Record Low
America’s population grew 0.1% this year, the lowest rate on record, according to Census Bureau figures released Tuesday that show how the pandemic is changing the country’s demographic contours. The U.S. added just 393,000 people in the year that ended July 1 for a total population of 331.9 million. That included 148,000 more births than […]
Electric-Truck Startup Rivian Plans New $5 Billion Factory Complex in Georgia
Electric-vehicle startup Rivian Automotive Inc. plans to start construction next year on a second U.S. manufacturing facility in Georgia, placing a hefty bet on its ability to steadily increase sales in the coming years. The $5 billion manufacturing investment, which Rivian announced on Thursday, follows the company’s blockbuster IPO last month, where it raised nearly […]
Open-Air Shopping Centers Are Leading Retail Recovery
Shopping centers are having a moment, propelled by increased foot traffic to grocery stores, curbside pickup and population shifts that favor suburban shopping. Landlords filled 17 million square feet of additional real-estate space in open-air shopping centers last quarter, a 49% increase from 2019, according to commercial real-estate services firm CBRE Group Inc. That marks […]
Toyota to Build $1.25 Billion Electric-Vehicle Battery Plant in North Carolina
Toyota Motor Corp. is set to invest $1.25 billion and create 1,750 jobs with a new electric-vehicle battery plant in rural North Carolina, according to a public incentives deal approved Monday. State and local governments offered an incentive package of more than $435 million over 20 years if the project in Randolph County meets investment […]
E-Commerce Needs Real Store Locations Now More Than Ever
After losing ground to e-commerce, bricks-and-mortar stores are back in style. Retailers this year are expected to open more stores than they close for the first time since 2017, according to an analysis of more than 900 chains by IHL Group, a research and advisory company. Most of the growth is coming from mass merchants, […]
Why Ford Picked Tennessee for Its New Electric-Vehicle Plant
Tennessee is emerging as a leader in a national scramble to develop electric-vehicle and battery production, as states compete to woo multibillion-dollar investments from auto companies pivoting away from the combustion engine. Ford Motor Co. F -0.83% and South Korean battery maker SK Innovation recently said they plan to develop a large complex to make […]
Ford Fortifies EV Bet With Four New Factories in Tennessee and Kentucky
Combined $11.4 billion investment with SK Innovation aims to accelerate electric push, create 11,000 new jobs. Ford Motor Co. plans to build its first new U.S. assembly plant in decades, along with three battery factories, to fortify its push into electric vehicles as the industry accelerates green-tech investments. The Dearborn, Mich., auto maker said Monday […]