Volvo to Build U S Plant Near Charleston South Carolina
Volvo plans a 500 million factory in Berkeley County near Charleston with initial capacity 100,000 vehicles annually. The plant marks the first Chinese owned auto assembly site in the United States and targets 2018 production. Volvo aims to support a mid term plan to double global sales and expand its North American footprint.
MENTIONED IN THIS ARTICLE
Volvo
Charleston
S.C
Geely
Sweden
China
South Carolina
BMW
Mercedes-Benz
Berkeley County
Karl Brauer
Kelley Blue Book
Kbb.com
U.S
North American
Uss
Hakan Samuelsson
Volvo Cars
Autodata
Land Rover
Mercedes
Dish Network Loses 134000 Subcribers In Q1 2015
Dish Network reports a drop of about 134,000 pay TV subscribers in the first quarter of 2015, part of a industry wide decline totaling 31,000. Analysts note accelerating cord-cutting as Moffett Nathanson calls the trend timely. Cal-Maine Foods shares jump 15 percent amid higher demand expectations after avian flu affecting poultry.
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Dish Network
Moffett Nathanson
Cal-Maine Foods
USA
U S airlines improve on time landings in March
The Department of Transportation reports 78 percent of US airline flights landed on time in March, up from 72.8 percent in February. Hawaiian led with an 87.3 percent on time rate, while passenger complaints rose 27.2 percent from February and 55.1 percent from a year ago.
MENTIONED IN THIS ARTICLE
Department of Transportation
Google self-driving cars in 11 accidents over six years
Google reported its autonomous vehicles were involved in 11 accidents across about 1.7 million miles driven. The company said damage was light and no injuries occurred, with incidents occurring whether the car drove itself or a human took over.
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Google
Chris Urmson
Urmson
Associated Press
California
GM Ignition Switch Deaths Hit 100 in Detroit
GM ignition switch deaths rose to 100 as a compensation fund reports 626 applications awaiting review from 4,342 filed between August and January 31. About 72 percent deemed ineligible. 12 cases involve severe injuries eligible for large payments. The recall covered 2.5 million cars from 2003 to 2007, mainly Chevy Cobalts and Saturn Ions. GM replaced 70 to 75 percent of switches. fund cost estimate raised to 550 million.
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Detroit
General Motors
GM Ignition
Ken Feinberg
Anton Valukas
Chuck Stevens
Citi edges toward guilty plea in FX rate rigging case
Citigroup disclosed in a quarterly filing that it is in active discussions with federal prosecutors about a potential settlement for an antitrust foreign exchange manipulation probe. The broader group of banks including JPMorgan Chase Barclays and RBS eye charges and billions in penalties with UBS possibly immune.
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Citigroup
Department of Justice
Citibank
Securities and Exchange Commission
Jpmorgan Chase
Barclays
Royal Bank of Scotland
U.S
Jpmorgan
Federal Reserve
Bank of America
UBS
HSBC
Justice
London Interbank
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USA Today
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Marketwatch.com
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