New Names and Faces: May 2026

New Names and Faces: May 2026

COASTAL CONSTRUCTION GROUP NAMES NEXT GEN CEOS On April 27, Coastal Construction Group announced a strategic leadership transition: After 58 years at the helm, Thomas P. Murphy Jr., founder, chairman and CEO, is formally passing the baton to the next generation, appointing his sons, Tom C. Murphy and Sean Murphy, as co-chief executive officers. Murphy […]

North Carolina sues EV maker VinFast over unbuilt factory

North Carolina sues EV maker VinFast over unbuilt factory

Dive Brief: North Carolina is suing automaker VinFast after the Vietnam-based company allegedly failed to meet obligations related to the construction of a proposed electric vehicle and battery manufacturing plant in Chatham County. Attorney General Jeff Jackson filed the lawsuit on Thursday, alleging that because VinFast “breached its agreements with the state,” North Carolina is […]