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Big Three (automobile Manufacturers)
In the automotive industry, the term Big Three is used for a country's three largest motor vehicle manufacturers, especially indicating companies that sell under multiple brand names. The term originated in the United States, where General Motors was the first to form a large, multi-brand, motor-vehicle corporation (in the 1910s), followed by Ford Motor Company, and the Chrysler Corporation, all before World War II. The term "Big Three" has since been sometimes used to refer to the following automakers: * Germany — the Volkswagen Group, the Mercedes-Benz Group, and BMW. * Japan — Toyota, Nissan, and Honda. * United States — Ford, General Motors, and Stellantis United States General Motors, Ford Motor Company, and Chrysler Stellantis North America are often referred to as the "Big Three", being the largest automakers in the United States. They were for a while the three largest in the world, with GM and Ford remaining as mainstays in the top five. The Big Thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unifor
Unifor is a general trade union in Canada and the largest private sector union in Canada. It was founded in 2013 as a merger of the Canadian Auto Workers (CAW) and Communications, Energy and Paperworkers unions, and consists of 310,000 workers and associate members in industries ranging from manufacturing and media taviation forestry and fishing. In January 2018, the union left the Canadian Labour Congress, Canada's national trade union centre, to become independent. The union elected Jerry Dias, a former union leader at de Havilland's facility in Downsview, as its first president on August 31, 2013. He announced his retirement on March 12, 2022 due to health reasons. Split from Canadian Labour Congress On January 16, 2018, the National Executive Board of Unifor decided unanimously to discontinue affiliation with the Canadian Labour Congress (CLC) and become independent. In a notice posted on their website, they stated their reasons for the split were due to CLC and its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors Of Canada
General Motors of Canada Company (french: La Compagnie General Motors du Canada), commonly known as GM Canada, is the Canadian subsidiary of US-based company General Motors. It is headquartered in Oshawa, Ontario, Canada. In the aftermath of the 2008 financial crisis, GM Canada received a combined loan commitment of of financial assistance from the federal and provincial governments amid declining sales. On November 26, 2018, GM announced the closure of its Oshawa plant, ending a century of automobile and related manufacturing operations in the city. On November 5, 2020, GM announced reopening of the Oshawa plant in January 2022 to produce GMC Sierra and Chevrolet Silverado trucks, hiring up to 2,500 workers. History GM Canada has historically been one of the largest and most powerful corporations in Canada, being listed as the third "largest" in 1975, and being comparable to several publicly-traded companies such as BCE, George Weston Limited, and Royal Bank of Canada. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arnold Schwarzenegger
Arnold Alois Schwarzenegger (born July 30, 1947) is an Austrian and American actor, film producer, businessman, retired professional bodybuilder and politician who served as the 38th governor of California between 2003 and 2011. ''Time'' magazine named Schwarzenegger one of the 100 most influential people in the world in 2004 and 2007. Schwarzenegger began lifting weights at the age of 15 and went on to win the Mr. Universe title at age 20 and subsequently won the Mr. Olympia title seven times. He is widely regarded as one of the greatest bodybuilders of all time, and has written many books and articles about bodybuilding. The Arnold Sports Festival, considered the second-most important bodybuilding event after Mr. Olympia, is named after him. He appeared in the bodybuilding documentary '' Pumping Iron'' (1977). Schwarzenegger retired from bodybuilding and gained worldwide fame as a Hollywood action star, with his breakthrough in the sword and sorcery epic ''Conan the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California
California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the most populated subnational entity in North America and the 34th most populous in the world. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second and fifth most populous urban regions respectively, with the former having more than 18.7million residents and the latter having over 9.6million. Sacramento is the state's capital, while Los Angeles is the most populous city in the state and the second most populous city in the country. San Francisco is the second most densely populated major city in the country. Los Angeles County is the country's most populous, while San Bernardino County is the largest county by area in the country. California borders Oregon to the north, Nevada and Arizona to the east, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a housing bubble, leading to mortgage delinquencies, foreclosures, and the devaluation of housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than government securities, along with attractive risk ratings from rating agencies. While elements of the crisis first became more vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econobox
Econobox is a United States informal slang term for a small, boxy, fuel-efficient economy car with few luxuries and a low price. History Econoboxes first came to prominence in the United States due to the 1973 oil crisis. Japanese automakers were leaders at producing smaller, fuel-efficient cars, as well as enjoying generally higher reliability and build quality than their US counterparts, so their offerings such as the Honda Civic generally outperformed their American competitors such as the Chevrolet Vega and Ford Pinto. The best-known American econoboxes were the 1970s/80s Chevrolet Chevette, Ford Pinto, Ford Escort and the Dodge Omni/Plymouth Horizon. Japanese econoboxes include the Honda Civic (in particular the first and second generations) and the Datsun B-210. Other cars such as the Chevrolet Sprint, Geo Metro, Yugo and Chevrolet Aveo as well as the Ford Festiva and Ford Aspire were considered econoboxes. Amongst the econoboxes were sold by American brands, many were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oliver Wyman
Oliver Wyman is an American management consulting firm. Founded in New York City in 1984 by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman, the firm has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific employing over 5,000 professionals. The firm is part of the Oliver Wyman Group, a business unit of Marsh McLennan. History Oliver Wyman's predecessor, Oliver, Wyman & Company, was founded in 1984 when six consultants left Booz Allen Hamilton to start their own consulting firm. Two of the founders, Alexander Oliver and William (Bill) Wyman, both partners at Booz wanted to create a company that would specialize and excel at consulting a certain industry at a time when most other firms were trying to become generalists. Oliver, Wyman & Company initially focused on working with large financial institutions. Wyman would ultimately leave the firm in 1995. He felt that the human side of consulting was taking a backseat to the analytical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sport Utility Vehicle
A sport utility vehicle (SUV) is a car classification that combines elements of road-going passenger cars with features from off-road vehicles, such as raised ground clearance and four-wheel drive. There is no commonly agreed-upon definition of an SUV and usage of the term varies between countries. Thus, it is "a loose term that traditionally covers a broad range of vehicles with four-wheel drive." Some definitions claim that an SUV must be built on a light truck chassis; however, broader definitions consider any vehicle with off-road design features to be an SUV. A crossover SUV is often defined as an SUV built with a unibody construction (as with passenger cars), however, the designations are increasingly blurred because of the capabilities of the vehicles, the labelling by marketers, and electrification of new models. The predecessors to SUVs date back to military and low-volume models from the late 1930s, and the four-wheel drive station wagons and carryalls that b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit News
''The Detroit News'' is one of the two major newspapers in the U.S. city of Detroit, Michigan. The paper began in 1873, when it rented space in the rival ''Detroit Free Press'' building. ''The News'' absorbed the ''Detroit Tribune'' on February 1, 1919, the '' Detroit Journal'' on July 21, 1922, and on November 7, 1960, it bought and closed the faltering '' Detroit Times''. However, it retained the ''Times building, which it used as a printing plant until 1975, when a new facility opened in Sterling Heights. The ''Times'' building was demolished in 1978. The street in downtown Detroit where the Times building once stood is still called "Times Square." The Evening News Association, owner of ''The News'', merged with Gannett in 1985. At the time of its acquisition of ''The News'', Gannett also had other Detroit interests, as its outdoor advertising company, which ultimately became Outfront Media through a series of mergers, operated many billboards across Detroit and the surr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BusinessWeek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
