Business news


  FRANKFURT, Germany (AP) — Volkswagen's namesake brand hopes to bounce back from its diesel emissions scandal with a broad restructuring that will mean more battery-powered cars, digital services such as ride-sharing, and more SUVs for the U.S. market.

Herbert Diess, the head of the Volkswagen division, unveiled the company's Transform 2025 plan at a news conference Tuesday, saying that "in the coming years, we will fundamentally change Volkswagen. Only a few things will remain as they are."

NASHVILLE, Tenn. (WMOT)  --  Nissan, VW, General Motors, FedEx, HCA, International Paper…Tennessee’s largest employers could be hit hard Wednesday by market panic when the nation’s stock exchanges open.

Reuters reports Dow Jones Industrial Average futures plunged 800 points overnight before trading was suspended.

Middle Tennessee State Economist Murat Arik says markets will react to the uncertainty Donald Trump represents.

colonial pipeline

HELENA, Ala. (AP) — Executives at Colonial Pipeline say their goal is to restart a gas line as early as this weekend after an explosion and fire shut down gasoline shipments to millions across the South.

Monday's blast has raised fears of another round of gas shortages and price increases. It's Colonial Pipeline's second accident and shutdown in two months.

SAN FRANCISCO (AP) — A federal judge in San Francisco has approved a nearly $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal.

U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement in the nation's history.

Tenn. consumers: Economy is bad, Trump can fix it

Sep 20, 2016

MURFREESBORO, Tenn. (WMOT)  --  Tennessee consumers are increasingly worried about the economy and a new survey says most think Donald Trump can fix the problem.

Middle Tennessee State University is out with its quarterly Consumer Outlook Index. The survey of 621 state residents shows a sharp drop of 30 points from last quarter with job prospects appearing to be the biggest drag on consumer confidence.

Forty-five percent of those surveyed say Donald Trump is the presidential candidate best qualified to fix the economy.