Site History: 1916: Michigan Stamping Company, first automotive use for the Mack site 1920: Briggs Manufacturing purchases plant 1953: Chrysler Corporation purchases Briggs Manufacturing, acquires Mack property 1975: Chrysler builds 1 million-square-foot expansion next to the “Old Mack” plant 1982: Chrysler closes Old Mack, sells it to city of Detroit for redevelopment 1982-1989: Old Mack… Continue reading @FCA: Facts & Figures: Detroit Assembly Complex – Mack
Tag: Financial Results
Copa Holdings Announces Monthly Traffic Statistics For May 2021
PANAMA CITY, June 10, 2021 /PRNewswire/ — Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for May 2021: Operating Data May May % Change 2021 2019 Copa Holdings (Consolidated) ASM (mm) (1) 970.9 2,085.2 -53.4% RPM (mm) (2) 753.6 1,796.3 -58.0% Load Factor (3) 77.6% 86.1% -8.5p.p. 1. Available… Continue reading Copa Holdings Announces Monthly Traffic Statistics For May 2021
Nvidia acquires hi-def mapping startup DeepMap to bolster AV technology
Chipmaker Nvidia is acquiring DeepMap, the high-definition mapping startup announced. The company said its mapping IP will help Nvidia’s autonomous vehicle technology sector, Nvidia Drive. “The acquisition is an endorsement of DeepMap’s unique vision, technology and people,” said Ali Kani, vice president and general manager of Automotive at Nvidia, in a statement. “DeepMap is expected… Continue reading Nvidia acquires hi-def mapping startup DeepMap to bolster AV technology
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns… Continue reading SoftBank, Uber, Tencent set to reap rewards from Didi IPO
Dominica’s Housing Revolution Provides Climate Resilient Homes to Ten Families
LONDON, June 11, 2021 /PRNewswire/ — Earlier this week, the Commonwealth of Dominica handed over ten housing units to families in the village of Cochrane. As part of the nation’s Housing Revolution, the homes are climate resilient meaning that they are constructed to withstand weather disasters. During the handing over ceremony, Prime Minister Roosevelt Skerrit… Continue reading Dominica’s Housing Revolution Provides Climate Resilient Homes to Ten Families
Gary Jones, ex-UAW president, gets reduced 28-month prison sentence
The man who led one of America’s most storied labor unions during its 40-day strike against General Motors in 2019 has been sentenced to 28 months in prison, a reduced penalty rewarding him for his cooperation in the long-running federal corruption probe of the UAW. The sentence Thursday morning was an in-person proceeding, a shift from the way many… Continue reading Gary Jones, ex-UAW president, gets reduced 28-month prison sentence
Semiconductor Makers and Users Form a Group to Push for Chip Funding
Semiconductor companies and big businesses that use chips have formed a coalition to push for tens of billions of dollars in federal funding for semiconductor research and manufacturing in the United States. The new group, the Semiconductors in America Coalition, announced its formation on Tuesday amid a global semiconductor shortage that has caused disruptions throughout… Continue reading Semiconductor Makers and Users Form a Group to Push for Chip Funding
What to Do If Your Car is Recalled
Millions of cars are recalled each year, and roughly eight million already have been in 2021, according to the National Highway Traffic Safety Administration. Getting a notice from the automaker that your vehicle is among them and has a safety deficiency is not only alarming, it can also lead to a flood of questions. What… Continue reading What to Do If Your Car is Recalled
PlayIA: Sports Wagering in Iowa Slides for Second Consecutive Month
LAS VEGAS, June 10, 2021 /PRNewswire/ — Iowa’s sports betting volume dropped slightly in May and remained well below the market’s peak reached in March. The modest downtick in wagering to less than $115 million is a fresh reminder that it likely won’t be until football season before Iowa’s sports betting industry sees significant growth… Continue reading PlayIA: Sports Wagering in Iowa Slides for Second Consecutive Month
Archeologists Discover 1000-Year-Old Egg, Accidentally Break It
Archeologists in Israel made an incredibly rare discovery in the ancient industrial zone of Yavneh, a central Israeli city: a 1,000 year old chicken egg. Astonishingly, the egg lay underground, preserved for all those years — until, tragically, they accidentally broke it in a lab run by archeologists from the Israel Antiquities Authority, as Haaretz reports.… Continue reading Archeologists Discover 1000-Year-Old Egg, Accidentally Break It