Scout Motors
Gov. Josh Stein and Charlotte officials said Tuesday that Scout Motors — a startup electric vehicle maker backed by Volkswagen — will open its U.S. headquarters in east Charlotte.
Julian Berger
/
WFAE
Courtesy of XanderGlasses
-
Gerard Albert III/BPR NewsSections of the parkway won’t reopen until late next year, leaving nearby businesses facing fewer visitors and less revenue. -
Charlotte Magazine/InstagramAfter almost 60 years, Charlotte Magazine said Monday that it will cease publication. Next month’s December issue is the magazine’s last. Staff and contributors were told late last week. The magazine’s parent company, Atlanta-based Morris Communications, did not give a reason for the shutdown. Charlotte Magazine has published monthly since 1968.
-
Only about one in five homes sold in the last year went to a first-time buyer. And the average person buying their first home was 40 years old — a record high. A new report from the National Association of Realtors shows how challenging it's become for young people to get a foothold in today's costly housing market. -
Charlotte Douglas International Airport and American Airlines are warning travelers that flight cancelations have begun at CLT, as the airport implements the FAA's flight reduction order Friday. -
Travelers brace for delays at major airports, including Charlotte Douglas International Airport. -
Charlotte-based insurance company Brighthouse Financial said Thursday that it will be acquired by a New York-based company. Aquarian Capital will pay $4.1 billion for Brighthouse, which is headquartered in Ballantyne. Brighthouse’s offices will remain in Charlotte, the company said.
-
Let’s take a break from talking about this week’s election results for a moment to look at some business news in the Charlotte area. As usual, Tony Mecia of the Charlotte Ledger Business Newsletter joined WFAE’s Marshall Terry for our segment BizWorthy. -
Teen Vogue covered fashion and celebrity, but also took in-depth looks at politics and social justice issues. The union representing workers at Condé Nast said six staffers are losing their jobs. -
A manufacturing plant in McAdenville is announcing plans to shut down and lay off nearly 300 workers. According to a state filing, New Jersey-based Mannington Mills will shut down its Gaston County carpet manufacturing plant on Dec. 27. The company is citing a “continual decline in demand and unfavorable market conditions.”
-
Tuesday is the big day: Mecklenburg County voters will decide whether to approve raising the sales tax to fund a multibillion-dollar transportation plan. Transit Time has been covering the issue for years, and with Election Day fast approaching, here is an overview of the plan, followed by details of what it would do. -
Before the decade is out, uptown Charlotte and South End will be knit together a little more tightly. -
From Carolina barbeque to Cajun treats, sweets and donuts, food with a Mexican or Caribbean flair, there are dozens of food trucks feeding people in eastern North Carolina.
MORE BUSINESS & ECONOMY NEWS
