A tragic accident at a charity drag race Saturday night in Selmer, Tenn. has claimed the lives of at least six people, including a 15-year-old and a 17-year-old, and injured as many as 18 others.

Of the total investment, $80 million will be used to build a new advanced manufacturing facility in Selmer, Tennessee.

International electrical component maker firm ABB will spend $80 million to construct a replacement plant in Selmer, Tenn., and $40 million to expand its existing facility in Senatobia ...