Automotive

Economic development, business expansion and corporate relocation updates for the global automotive industry. These include companies and organizations involved in the design, development and manufacturing of automobiles.

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    Richmond Virginia

    Virginia: Building A Green Future

    Business Report
    A landmark wind energy project, sizable vertical farm, and new LEGO Group Factory powered by green energy are in development.
    Kentucky electric vehicle

    Kentucky: Expanding Horizons

    Business Report
    In Kentucky, an electric vehicle (EV) ecosystem is taking shape, while traditional industries maintain roots in the Bluegrass State.
    LG Chem Tennessee

    LG Chem Announces Largest FDI In Tennessee History

    Foreign Direct Investment
    In Montgomery County, LG Chem will invest $3.2B and create over 850 jobs at the largest cathode manufacturing facility in the U.S.

    Texas: The Lone Star State Expands

    State Focus
    One of the Top 10 economies in the world and with no corporate income tax, Texas offers outsized opportunities for businesses to innovate and grow.
    Hyundai Mobis Alabama

    Hyundai Mobis, Beyond Gravity Growing In Alabama

    Advanced Manufacturing
    Hyundai Mobis will create 400 jobs at a new EV battery plant; Beyond Gravity will double production for rocket parts, creating 200 jobs.
    BlueStar Studios

    Distribution Facility Is Largest-Ever Henry County, GA Investment

    Georgia
    NewCold will invest over $33M in a new Georgia distribution facility; BlueStar Studios is building a 53-acre production campus in Atlanta
    Bosch Dorchester County, SC

    Over $267M In Investment, 366 Jobs Headed To South Carolina

    South Carolina
    Bosch will invest $260 million, create 350 jobs in Dorchester County, SC; Atkore will invest $7.7 million, create 16 jobs in Allendale County.
    Honda and LG Energy Solution

    Ohio Lands $3.5B EV Battery Plant

    Automotive
    In a joint venture, Honda and LG Energy Solution will create 2,200 jobs at a new electric vehicle (EV) battery plant in Fayette County, OH.
    BMW South Carolina

    BMW To Invest $1.7B In South Carolina Electric Vehicle Production

    Automotive
    In preparation for production of electric vehicles, BMW will create 300 jobs as it expands its manufacturing capacity and footprint at two South Carolina locations.  
    Fort Worth Economic Development

    Fort Worth, Texas: The Frontier Of Innovation

    Community Profile
    Fort Worth’s solid foundation and agile ecosystems support growth across traditional and emerging industries.
    South Carolina expansion

    FedEx To Invest $64M In South Carolina Expansion

    South Carolina
    Four companies in a range of industries will invest a total of more than $76 million to grow in counties across South Carolina.
    Wells Fargo Texas

    Wells Fargo, Volkswagen Pick Texas Locations

    Texas
    Wells Fargo will build new campus in Irving-Las Colinas, Volkswagen Group’s new Port Freeport hub will allow utilization of low-emission LNG vessels.
    Port of Brunswick

    Nissan Chooses Georgia’s Port Of Brunswick

    Ports & Free Trade Zones
    Nissan joins two dozen other major auto manufacturers at 1,700-acre Colonel’s Island Terminal at the Port of Brunswick, GA.
    T/CCI Illinois

    T/CCI Manufacturing Awarded First REV Illinois Award 

    Automotive
    The Central Illinois EV Supplier will invest over $20 million to manufacture electric compressors and establish an EV innovation hub in Decatur.
    Ohio jobs

    Ohio: Capturing Attention, And Investments

    Business Report
    In 2022, megaprojects from the semiconductor and automotive industries are boosting the Buckeye State.
    Canada Workforce

    Canada Leads With World-Class Workforce

    Canada
    Canada's top-notch education, support for tech knowledge, and business-friendly programs deliver for companies from around the globe.
    video

    [VIDEO] Pre-designed Industrial Building in Kilgore, Texas

    Texas
    Kilgore Economic Development Corp. in Kilgore, Texas, has invested in construction documents for a 53,000 SF industrial building with flexible floor plans.
    Nucor Steel Berkeley, SC

    Nucor Will Invest $200M In South Carolina

    Manufacturing
    Nucor will expand its Berkeley County, SC steel manufacturing facility. In Marion County, auto body parts supplier DMA Sales will invest $5M to expand its operations.
    Consumers Energy

    A Force Of Change

    Community Profile
    Consumers Energy is moving forward with a landmark energy transformation plan that will reshape Michigan’s future.
    SungEel Georgia

    Lithium-Ion Battery Recycler Picks Georgia For First U.S. Facility

    Automotive
    Korea-based SungEel HiTech will invest more than $37 million in its new SungEel Recycling Park Georgia facility, creating 104 jobs in Stephens County.
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    Rankings & Awards

    Business Facilities magazine

    Don’t Miss Out! 2022 Deal Of The Year Deadline Extended

    Awards & Rankings
    Submissions for Business Facilities’ 2022 Economic Development Deal of the Year Awards will now be accepted until Thursday, December 15, 2022. Winners will be featured in the January/February 2023 issue of Business Facilities.
    September / October 2022 Issue

    September / October 2022 Issue (Volume 55, Number 5)

    Recent Issues
    Business Facilities' September / October 2022 issue takes a look at sites for advanced manufacturing and finding tech talent. Plus, cybersecurity, semiconductors, and more.

    Business Facilities Featured Location Spotlight

    Site Selection

    Location Spotlight: Hoosier Energy

    The Hoosier Energy Power Network’s Economic Development team is dedicated to providing valuable site selection information and assistance to companies considering a relocation or expansion in Indiana or Illinois.

    Business Facilities Featured Location Videos

    video
    Pennsylvania

    [VIDEO] Made Possible in Lehigh Valley

    The region has been recognized as one of the fastest-growing economies in the nation and is just a short drive away from major mid-Atlantic cities including New York City, Philadelphia, Baltimore, and Washington D.C.


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