Top Headlines: Election Day Recaps; Ala. Business Climate Scores Well

Kay Ivey coasts to full term as governor
Alabama Gov. Kay Ivey, who became the state’s governor last year when her predecessor resigned in a cloud of scandal, was elected to a full term on Tuesday after running a campaign that emphasized the state’s recovering economy and restoring trust to state government. – AP

Democrats win House, GOP retains Senate
CBS News projects Democrats will win enough seats to take control of the U.S. House of Representatives, delivering a major blow to Republicans. The GOP, meanwhile, is projected to keep control of the Senate.  Democrats last had a majority in the House in 2010. – CBS

Alabama again scores highly for business climate
Alabama is once again among the nation’s 10 best states in business climate in a survey of corporate site selectors. Alabama is ranked eighth among Site Selection’s Business Climate analysis, tied with Indiana. And in a survey of site selection consultants and corporate real estate executives, Alabama placed seventh. It’s the third year in a row Alabama made the top 10. – AL.com

- Sponsor -

Mercedes leads BMW in 2018 crown for luxury car sales
Mercedes-Benz is poised to lead U.S. luxury car sales for the third consecutive year. Daimler AG’s Mercedes delivered 27,537 vehicles in October, extending its lead over BMW to 3,964 units from just 319 in September. This was the best monthly showing for Mercedes since March, even though its sales were down 4.9 percent from a year ago. BMW deliveries were roughly flat at 23,262. – ANC

Alabama near top of states with lowest mortgage debt
Alabama just misses out on the top ten among states with the nation’s lowest total mortgage debt. But experts say that could be changing. Consumer credit reporting agency Experian says that Alabama has an average mortgage debt of $140,963, placing it 13th among the states. – AL.com

UA chosen for EcoCAR Mobility Challenge
After finishing third in the EcoCAR 3 competition earlier this year, a group of UA students are preparing their project for the EcoCAR Mobility Challenge. These students were one of only 12 groups from different universities invited to take part in the competition. It is the second consecutive Advanced Vehicle Technology Competition that the University has been invited to. – Crimson White

The latest Alabama business news delivered to your inbox