Weekly Market Updated - 11/03/2025

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• Nashville airport unveils plans for second terminal

Nashville International Airport has announced plans to build a second terminal to accommodate growing passenger demand. The new terminal will be located on the south side of the airfield, and is part of the airport’s ongoing expansion strategy. Officials say the project will improve traffic flow, enhance traveler experience, and support future growth in domestic and international flights. The announcement follows record-breaking passenger numbers and increased airline service to the region. (Nashville Post, October 2025)

• Morning Ritual coffee shop joins Lebanon’s growing restaurant scene

Lifestyle Communities’ new development in Lebanon will feature Morning Ritual, a sit-down coffee shop, alongside The Goat restaurant and other amenities. Located near the upcoming In-N-Out Burger and Target, the mixed-use project includes 574 residential units, a boutique hotel, and public recreation spaces. City officials say the development reflects residents’ desire for upscale dining and community-focused spaces. Completion of the first phase, including Morning Ritual, is expected by summer 2027. (The Tennessean, October 28, 2025)

• Ultium Cells to furlough 700 workers at GM’s Spring Hill plant

Ultium Cells, the GM–LG Energy joint venture, will furlough 700 workers at its Spring Hill, Tennessee battery facility starting January 2026. The temporary production pause comes amid slower-than-expected EV demand and shifting customer needs. GM says affected employees may still receive partial wages and benefits. The company plans to use the downtime to upgrade the plant for greater flexibility. Similar furloughs and layoffs are occurring at other GM facilities as the automaker adjusts its EV strategy. (The Tennessean, October 29, 2025)

• GM to lay off 700 in Spring Hill

General Motors plans to lay off 700 workers at its Spring Hill, Tennessee plant, signaling continued challenges in the automotive sector. The layoffs reflect shifting production strategies and broader industry pressures, including supply chain disruptions and evolving consumer demand. The move may impact the local economy and labor market, especially as manufacturers navigate tariff policies and energy demands tied to electric vehicle production. (Nashville Post, October 2025)

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