Business

Business news

GM

SPRING HILL, Tenn. (WMOT)  --  General Motors say it will begin work immediately on a $148 million upgrade to its assembly plant at Spring Hill.

In a press statement released Thursday, GM says the project will retool the plant to build a new V8 engine. The company says the investment will help retain about 200 jobs at the mid-state facility.

MURFREESBORO, Tenn. (WMOT)  --  A new poll suggests Tennesseans are pessimistic about their future financial prospects, even though experts say the state’s economic future actually looks promising.

Middle Tennessee State University last week released a survey that asked 600 Tennesseans about their standard of living. Sixty-seven percent responded that they’re happy with their current buying power. But when asked about future earnings, only 34 percent thought their financial circumstances would continue to improve.

jackdaniels.com

NASHVILLE, Tenn. (AP) — The historic Jack Daniel's Distillery is planning a $140 million expansion project to help meet global demand for prized Tennessee Whiskey.

The investment announced by Gov. Bill Haslam on Wednesday will be used to construct two new barrelhouses, expand the bottling facility and support the increasing number of visitors to the facility. Officials say more than 275,000 tourists from around the world visited the distillery in Lynchburg last year.

Tennessee Business Barometer sees steep decline

Feb 1, 2016
MTSU

MURFREESBORO, Tenn. (WMOT)  --  The Tennessee Business Barometer dropped almost 100 points in the last quarter, reflecting growing pessimism among the state’s business leaders.

The online survey is compiled by Middle Tennessee State’s Jones Business of College and is designed to gauge business sentiment. The Business Barometer dropped from 243 points in October to 146 points January 20.

Poll Director Tim Graeff says Tennessee business community is increasingly concerned about the current state of their industries and, even more troubling, their own particular businesses.

Volkswagen

CHATTANOOGA, Tenn. (AP) — Volkswagen CEO Matthias Mueller says he has agreed with U.S. environmental officials not to publicly discuss the next steps in addressing the German automaker's emissions cheating scandal.

Mueller told The Associated Press after a speech to workers at Volkswagen's lone U.S. plant in Chattanooga on Thursday that he understands frustration in the pace of finding a fix.

In Mueller's words: "I am impatient, too. I'd also like a faster solution. But we have to proceed with care."

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