Market news story:

Associated Press

Auto company to open Roanoke assembly plant

Associated Press 06.26.08, 1:38 PM ET

RICHMOND, VA.
An automotive components company is planning to open an assembly plant in Roanoke, creating 60 jobs.

Governor Tim Kaine says the Westport Corporation will invest $3 million to open the 203,000-square-foot plant.

Workers will assemble axles for the Volvo Heavy Truck plant in Dublin.

Louisville, Kentucky-based Westport will occupy the building formerly used by containerboard and corrugated packaging maker Smurfit-Stone.

Kaine says Virginia beat out West Virginia for the project.