• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
  • Contact
  • About
Wednesday, June 29, 2022
Bell County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Business

Mercedes Battery Plant Adds 600 Alabama Jobs And More Business News – Chattanooga Times Free Press

by NewsReporter
March 16, 2022
in Business
mercedes-battery-plant-adds-600-alabama-jobs-and-more-business-news-–-chattanooga-times-free-press
Share on FacebookShare on Twitter

Mercedes battery plant adds 600 Alabama jobs

Mercedes-Benz has opened a new electric vehicle battery factory near Tuscaloosa, Alabama, that will create up to 600 new jobs.

The German automaker said Tuesday that the plant in Bibb County opened a few months before Mercedes plans to start making two all-electric SUVs at a large assembly plant in nearby Tuscaloosa.

The new battery plant will make cells for the EQS and EQE SUVs, which will be built for sale in the U.S. and for exports, the company said in a statement. Mercedes said it spent about $1 billion on the battery plant and to upgrade the assembly line in Tuscaloosa to make electric vehicles. The Alabama battery plant will make lithium-ion batteries with an advanced chemistry that contains nickel, cobalt and manganese, Mercedes said.

It is one of six battery factories that the company plans, including two in Germany, one each in China and Thailand and one in Poland. Mercedes plans to build EVs at seven plants on three continents.

Mercedes already employs about 4,500 people at the Tuscaloosa assembly plant, which made about 260,000 SUVs last year. The plant can build internal combustion engine vehicles on the same line as electric vehicles, Mercedes said.

Walmart, Capital One add Atlanta tech offices

Two more large U.S. companies, Walmart Inc. and Capital One, are locating tech hubs in Atlanta.

Walmart’s Global Tech division will bring 140 jobs in fields such as data science and software engineering. It has not yet found office space.

“Atlanta is a major location for both Walmart and the cybersecurity industry, with growing strengths in software engineering, AI, machine learning and data science,” the giant retailer announced Tuesday.

The announcement also noted Walmart is working with historically Black colleges and universities to increase participation of underrepresented groups, such as women and people of color. Walmart has tuition-help programs for employees with Atlanta’s Morehouse and Spellman colleges, and the city is one of the nation’s faster-growing tech hubs for minorities.

Atlanta will be Walmart’s eighth U.S. tech hub. Its jobs are posted on the Walmart website. The company says the workers will begin working virtually and transition to a hybrid work model as it looks for a space. It did not give a time frame.

Capital One said it will be hiring hundreds for engineer positions focused on cloud, data, machine learning and cybersecurity, as well as product managers.

Wholesale prices jump 10% during February

Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.

The Labor Department said Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.8% from January. The increases were in line with economists’ forecasts.

Wholesale energy prices were up 33.8% over the past year and food prices 13.7%.

The report did not include price changes after Feb. 15, missing a spike in energy prices when Russia invaded Ukraine nine days later.

Excluding volatile food and energy prices, wholesale inflation rose 0.2% from January and 8.4% from February 2021.

Last week, the government reported that surging gas, food and housing costs pushed consumer prices up 7.9% in February from a year earlier — the sharpest spike since 1982.

Puerto Rico government exits bankruptcy after seven years

Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.

The exit means that the U.S. Caribbean territory’s government will resume billion-dollar payments to bondholders for the first time in several years, settle some $1 billion worth of claims filed by residents and local businesses and issue more than $10 billion worth of bonds. The government also will restore up to $1.3 billion taken from a public pension system.

“This is a significant success,” said Natalie Jaresko, executive director of the federal control board that oversees Puerto Rico’s finances and its debt restructuring process. “Remaining in bankruptcy has been a drag on the economy in multiple ways.”

The bankruptcy led to widely criticized austerity measures on an island that paid some $1 billion in fees to consultants and lawyers and in other expenses during the process.

The exit was a priority for the board and Jaresko, who previously announced she is retiring April 1. A replacement has not been named yet. The board is expected to remain in place until Puerto Rico has four consecutive balanced budgets, a feat that has yet to be achieved.

— Compiled by Dave Flessner

Related Posts

Elon Musk Makes Offer To Buy Twitter: Live News Updates – The New York Times

by NewsReporter
April 15, 2022
0

Please enable JS and disable any ad blocker

sri-lankan-protesters-mark-new-year-near-president’s-office-–-fredericksburg.com

Sri Lankan Protesters Mark New Year Near President’s Office – Fredericksburg.com

by NewsReporter
April 14, 2022
0

By KRISHAN FRANCIS - Associated Press COLOMBO, Sri Lanka (AP) — Sri Lankans shared milk rice and oil cakes to celebrate their traditional new year on Thursday opposite the president’s office, where they camped out for a sixth day demanding his resignation over the worst economic crisis in memory.Soldiers who...

business-highlights:-stymied-homebuyers,-wholesale-prices-–-federal-news-network

Business Highlights: Stymied Homebuyers, Wholesale Prices – Federal News Network

by NewsReporter
April 13, 2022
0

___ Homebuyers stymied by fewer homes, high prices, rising rates LOS ANGELES (AP) — America’s housing market has grown increasingly frenzied, and prices are out of reach for many buyers, especially first-timers. This spring, traditionally the busiest season for home sales, is more likely to deliver frustration and disappointment for...

breaking:-1-more-held-in-connection-with-protest-outside-sharad-pawar’s-house-–-hindustan-times

Breaking: 1 More Held In Connection With Protest Outside Sharad Pawar’s House – Hindustan Times

by NewsReporter
April 13, 2022
0

Live Breaking news updates April 13, 2022: Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour. ind fast updates about the latest news as it breaks. Updated on Apr 13, 2022 03:45 PM IST Welcome to hindustantimes.com live updates...

Bell County News Online

© 2021 Bell County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
  • Contact
  • About

Follow Us

No Result
View All Result
  • Home
  • About
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Bell County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT