Lanes closed on Southwest Atlanta road while crews resurface
Peyton Road SW from Martin Luther King, Jr. Drive SW to Benjamin E. Mays Drive SW is the affected area.
Lanes will be shifted through Friday, March 28, weekdays between 8 a.m. and 5 p.m.
Traffic lanes will remain open to vehicles during the closure.
Sidewalks will be available to pedestrians.
Enforcement officers and flaggers will assist with traffic control.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
TRENDING STORIES:
UGA student's smiling mugshot breaks the internet
18-year-old shot, killed at Newton County park, shooter on the run
Metro Atlanta activists react to Trump's repeal of segregated facilities ban in federal contracts
[SIGN UP: WSB-TV Daily Headlines Newsletter]
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
an hour ago
- Wall Street Journal
Volkswagen Teases Made-in-America Audis After $1.5 Billion Tariff Hit
Volkswagen VOW3 4.55%increase; green up pointing triangle said President Trump's tariffs have cost it $1.5 billion. Now it has a solution: An offer to the White House that could bring production of its Audi brand to the U.S. for the first time. The German automaker on Friday set out a proposal whereby it would invest in the U.S. in exchange for concessions on tariffs. The move came as the company reported a sharp fall in first-half earnings and lowered its annual guidance amid the trade uncertainty.
New York Post
an hour ago
- New York Post
Tesla lost out on billions of dollars by dumping Bitcoin at worst time
Tesla dumped 75% of its Bitcoin holdings at one of the worst possible times – losing out on billions of dollars in gains. Bitcoin has been trading at near record prices and gained 80% over the past year, pushing digital assets owned by the automaker to a valuation of $1.24 billion. That's far above the $722 million they were worth this time last year. Advertisement 3 Tesla dumped 75% of its Bitcoin holdings at one of the worst possible times. REUTERS But Tesla sold 75% of its holdings in mid-2022, when the digital currency was trading at a mere fraction of its current price of $115,000. If Tesla had held onto all of its Bitcoin, it would be worth roughly $5 billion, according to a CNBC report. Advertisement The $936 million worth of Bitcoin the company converted to cash would be valued at over $3.5 billion. Tesla did not immediately respond to The Post's request for comment. Billionaire owner Elon Musk has made it clear that Optimus humanoid robots and robotaxis are the future of Tesla, but these are pricey and risky bets – and Tesla could use an extra boost of cash. The automaker on Wednesday reported its worst sales drop in a decade and earnings that missed Wall Street estimates. Advertisement Tesla has also been steadily losing overseas market share to Chinese rivals, like electric vehicle maker BYD. Shares in Tesla plummeted 8% on Thursday, though it gained about 5.5% Friday. 3 Elon Musk looks on during a news conference with President Trump in the White House in May. AFP via Getty Images The stock is down about 15% so far this year, while most tech stocks and the Nasdaq have been on an upward tear. Advertisement President Trump's tariffs and the end of federal EV tax credits are also expected to hit the company hard. The company's Bitcoin holdings have helped with profitability, with gains of $284 million in the second quarter when its total net income was $1.17 billion. But it would have enjoyed even greater gains had Tesla held onto its original holdings. The automaker invested $1.5 billion in Bitcoin in early 2021 as Musk became an outspoken supporter of the digital currency online. 3 Elon Musk and President Trump speak to reporters as they display a Tesla vehicle in the White House driveway. REUTERS Bitcoin exploded 20% in a day in January 2021 after Musk added #bitcoin to his account on Twitter, now known as X. Musk took over and rebranded the social media platform the following year. In mid-2022, however, interest rates were on the rise and inflation was stubbornly high. Investors grew afraid of risky bets like cryptocurrency. Advertisement Tesla announced in the second quarter of that year that it sold 75% of its Bitcoin holdings to add cash to its balance sheet. Bitcoin plummeted 60% in 2022, but it has since sharply turned around, experiencing steep gains as Trump has spun himself as a pro-crypto administration and made promises to create a strategic Bitcoin reserve.
Forbes
an hour ago
- Forbes
European Auto Stocks Turbulent Ahead Of U.S. Tariff Deadline August 1
US of America and European Union relations. Auto investments have been volatile this week as a European tariff deal with the U.S. seemed imminent. The nervousness shows hopes for an early deal might be wishful thinking. An announcement is expected August 1. The STOXX Europe 600 Automobiles & Parts Index, which tracks European automakers and suppliers, jumped 3.4% in mid-week on news Japan had agreed a 15% tariff on its auto exports to the U.S. That rally was led by Mercedes, Volkswagen and BMW. Japan's deal was 10 percentage points lower than President Trump's recent threat and immediately set off speculation that it might be possible for Europe too. After all, Trump has attacked the European Union for its excessive and dishonest barriers to trade, but Japan has proved itself as adept as the EU in weaponizing so-called non-tariff barriers. The index held on to its gains by the close Friday after much volatility and ended the week at just over 545.20, up nearly 4 points. According to Bloomberg, citing diplomats briefed on the negotiations, the EU and the U.S. are working towards an agreement that would set a 15% tariff for imports including autos. But they also cautioned that the ultimate decision was President Donald Trump's and this was difficult to predict. Plea for caution Caution would make sense, as former U.S. ambassador to the European Union Gordon Sondland has pointed out. He reminds investors that Trump has wanted to mitigate what he considers long-term unfairness by the EU which extends past tariffs to corrupt non-tariff barriers too. Sondland said in an interview with BBC NewsNight program earlier this year, the EU imposes hidden barriers on American products. For cars, that can mean different safety standards. For food, there also are standards the EU doesn't like. Hormone-fed beef is one area of contention. 'If we sell you a vegetable or a car or a product if it's safe to use in the U.S. it should deemed to be safe to use in the EU,' Sondland said. He was asked to sum up Trump's tariff plan for Europe and the world. 'The U.S. is tired of talking about impediments to its foreign trade and wants action now,' he said. 'The message is very clear. We've had a list of demands and requests from all of these friends for years and sometimes decades and the results are similar every time. They take it under advisement. They'll think about it then get back to us and Donald Trump has had enough of that.' Sondland was ambassador to the EU during Trump's first term and made clear he wasn't speaking for the administration. Volkswagen hopes for deal Volkswagen, Europe's biggest auto manufacturer, reported Friday that it had taken a $1.5 billion hit to earnings in the first half of 2025 because of the tariff issue, and CEO Oliver Blume expressed hopes that a favorable tariff deal was possible. Oliver Blume, CEO of German car giant Volkswagen (VW), addresses journalists. (Photo by JOHN ... More MACDOUGALL/AFP via Getty Images) 'We hope that it will come to a well-balanced deal between the U.S. and the EU, which allows fair trade between the regions,' Blume told an investor briefing after the earnings announcement. Blume expected a 15% tariff deal, similar to the Japanese arrangement. He also said Volkswagen and European automakers were looking at possible investment and production arrangements that might bring down tariffs more. Audi might start output in the U.S. too, Blume said. Investments in U.S. production would earn extra points to bring down the tariff rates. Exports from the U.S. of German production there would also earn points. BMW's Spartanburg, South Carolina factory is the biggest German auto exporter from the U.S., shipping nearly 225,000 vehicles with a value exceeding $10 billion in 2024. Mercedes' factory in Tuscaloosa, Alabama, is another significant exporter. Volkswagen also has a presence in the U.S., including a plant in Chattanooga, Tennessee, but their exports are much smaller than BMW's and Mercedes'. Will Europe match Japan's investment commitment? Chicago-based investment researcher MorningStar said a critical point of Japan's deal was its commitment to invest half a trillion dollars in the U.S. 'Will Europe do the same? While the European automakers have significant investment plans in the U.S. in their pipeline, the figures do not come close to Japan's commitment,' said analyst Rella Suskin. 'Companies such as BMW and Mercedes have spoken with extreme confidence in reaching a deal that allows for the netting of imports and exports. For every car that they export from the U.S., they can import one car either duty-free or at a reduced duty. The Japanese-U.S. trade deal indicates that there is negotiating room to be had around import duties on cars coming into the U.S.,' Suskin said.
