Korean auto supplier builds in Tennessee
The Korean automotive supplier Sungwoo Hitech will invest $40 million to locate its first U.S. manufacturing operations, Sungwoo Hitech America Corp, in Telford, Tennessee.
Sungwoo Hitech America, a Korean automotive supplier, has purchased the former Alo Tennessee building in the Washington County Industrial Park, where the company will create 117 new jobs.
Sungwoo Hitech manufactures metal stamped components for the automotive industry. The company's Telford facility will produce bumpers, rear components and side framing for customers including General Motors, Hyundai, Kia, Volkswagen and BMW.
"Sungwoo Hitech has experienced significant growth, and we are excited to now bring our first production facility to the U.S., in particular, Washington County, Tennessee," said Suk Je Lee, CEO, president, Sungwoo Hitech America. "We see this as a steppingstone for future growth."
Renovations on the 380,000-square-foot facility are underway and manufacturing is slated to begin in early 2022.
Founded in 1977 and headquartered in Seoul, Korea, Sungwoo Hitech employs nearly 18,000 people across 26 facilities in 10 countries around the globe.
Lawsuit claims windmills threaten Atlantic whales
The construction of dozens of wind turbines off the coast of Nantucket threatens the survival of a dwindling number of endangered Northern Atlantic right whales that inhabit the waters, a group of residents on the affluent resort island in Massachusetts argue in a federal lawsuit filed Wednesday.
ACK Residents Against Turbines said Vineyard Wind's proposed project of some 60 turbines 14 miles (22 kilometers) south of the island is located in a crucial area for foraging and nursing for the species, which researchers estimate number less than 400.
Mary Chalke, a Nantucket resident and member of the opposition group, said the lawsuit isn't just about Vineyard Wind, but other turbine projects also in the pipeline up and down the Eastern Seaboard.
"We all want renewable energy," she said after the group filed the suit in Boston federal court. "This represents the transformation and industrialization of a pristine natural environment."
The U.S. Bureau of Ocean Energy Management and the National Oceanic and Atmospheric Administration, which are named in the suit, declined to comment, citing the pending litigation. Vineyard Wind, a joint project of a Danish company and a U.S. subsidiary of the Spanish energy giant, Iberdrola, also declined to comment.
But the American Clean Power Association, a group that represents renewable energy companies, stressed the project has undergone a lengthy environmental review, permitting and public comment process.
OnlyFans suspends ban on sex content
OnlyFans says it has suspended a plan to ban sexually explicit content following an outcry from its creators and advocates for sex workers.
The subscription site said in a prepared statement Wednesday that the planned ban was "no longer required due to banking partners' assurances that OnlyFans can support all genres of creators" and declined to answer further questions.
OnlyFans had said last Thursday that it would ban explicit content starting Oct. 1, blaming policies of banks and payment processors for the policy change. "The new rules are necessary to comply with the requirements of these financial institutions and are the only way to help ensure the long-term sustainability of OnlyFans," the company said in a message to users last week.
Last week's abrupt change upset the site's creators, many of whom threatened to move to another website. A lot of sex workers joined OnlyFans during the pandemic when in-person venues shut down or became more dangerous because of COVID-19. The site has been tremendously lucrative for some people, allowing them to earn thousands every month. OnlyFans says it has 130 million users and 2 million creators who have collectively earned $5 billion.
— Compiled by Dave Flessner