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Monroe (automobile)
The Monroe was a Brass Era and vintage car built in Flint, Michigan (1914–1916), Pontiac, Michigan (1916–1918), and Indianapolis, Indiana (1918-1923). History In the mid-teens, R. F. Monroe was head of the Monroe Body Company in Pontiac, while William C. Durant headed Chevrolet in Flint. These two worked together to form Monroe Motor Company in Flint in August 1914. Monroe was president, while Durant was vice-president. There was a cross-stockholding arrangement between the Monroe and Chevrolet companies. Construction of the Monroe cars occurred in a plant formerly used by Chevrolet in Flint, and the Chevrolet company undertook to distribute the new Monroe automobile. In April 1916, Durant resigned his vice-presidency, and the Monroe company moved into the former Welch factory in Pontiac. The company was now reorganized as the Monroe Motor Car Company, with a capitalization increase to $1,000,000. This company went bankrupt in 1918. In the fall of the same year, ...
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General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. Its four core automobile brands are Chevrolet, Buick, GMC (automobile), GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX (engines), DMAX via joint ventures. Additionally, GM also owns the BrightDrop delivery vehicle manufacturer, GM Defense, a namesake Defense vehicles division which produces military vehicles for the United States government and military; the vehicle safety, security, and information services provider OnStar; the auto parts company ACDelco, a GM Financial, namesake financial lending service; and majority ownership in t ...
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Refinancing
Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, common forms of refinancing include primary residence mortgages and car loans. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring. A loan (debt) might be refinanced for various reasons: #To take advantage of a better interest rate (a reduced monthly payment or a reduced term) #To consolidate other debt into one loan (a potentially longer/shorter term contingent on interest rate differential and fees) #To reduce the monthly repayment amount (often for a longer ter ...
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Administrative Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable of ...
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Wilbur D'Alene
Wilbur D'Alene (25 October 1884 Center Township, Indiana – 2 December 1966 Fort Myers, Florida) was an American racecar driver Auto racing (also known as car racing, motor racing, or automobile racing) is a motorsport involving the racing of automobiles for competition. Auto racing has existed since the invention of the automobile. Races of various sorts were organi .... His real name may have been Edwin Wilbur Aleon. Indianapolis 500 results References 1884 births 1966 deaths Indianapolis 500 drivers Racing drivers from Indiana Racing drivers from Indianapolis People from Indiana {{US-autoracing-bio-stub ...
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Indianapolis Motor Speedway
The Indianapolis Motor Speedway is an automobile racing circuit located in Speedway, Indiana, an enclave suburb of Indianapolis, Indiana. It is the home of the Indianapolis 500 and the Verizon 200, and and formerly the home of the United States Grand Prix. It is located on the corner of 16th Street and Georgetown Road, approximately west of Downtown Indianapolis. Constructed in 1909, it is the second purpose-built, banked oval racing circuit after Brooklands and the first to be called a 'speedway'. It is the third-oldest permanent automobile race track in the world, behind Brooklands and the Milwaukee Mile. With a permanent seating capacity of 257,325, it is the highest-capacity sports venue in the world. Considered relatively flat by American standards, the track is a rectangular oval with dimensions that have remained essentially unchanged since its construction. It has two straightaways, four geometrically identical turns, connected by two short straightaways, termed ...
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List Of Indianapolis 500 Winners
The Indianapolis 500 is an annual 200 lap, American open-wheel car race that takes place on the weekend of American Memorial Day at the Indianapolis Motor Speedway (IMS), in Speedway, Indiana, an enclave of Indianapolis. It was held as the International 500-Mile Sweepstakes Race between 1911 and 1915 before becoming the 300-Mile Liberty Sweepstakes and then reverting to International 500-Mile Sweepstakes Race from 1920 until 1980. The American Automobile Association were the governing body of the event between its inception until 1955, then United States Auto Club from 1956 to 1997, and the Indy Racing League/IndyCar from 1998 onwards. Since 1936, each winning driver and team is presented with a small replica of the art deco sterling silver Borg-Warner Trophy, which sees a bas-relief sculpture of the winning driver's face added to the base. The driver receives a laurel wreath made of 33 ivory-colored Cymbidium orchids featuring burgundy tips and 33 miniature flags interwoven ...
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Indianapolis 500
The Indianapolis 500, formally known as the Indianapolis 500-Mile Race, and commonly called the Indy 500, is an annual automobile race held at Indianapolis Motor Speedway (IMS) in Speedway, Indiana, United States, an enclave suburb of Indianapolis. The event is traditionally held over Memorial Day weekend, usually the last weekend of May. It is contested as part of the IndyCar Series, the top level of American open-wheel car racing, a formula colloquially known as "Indy car racing". The track itself is nicknamed the "Brickyard", as the racing surface was paved in brick in the fall of 1909. One yard of brick remains exposed at the start/finish line. The event, billed as ''The Greatest Spectacle in Racing'', is considered part of the Triple Crown of Motorsport along with the 24 Hours of Le Mans and the Monaco Grand Prix, with which it typically shares a date. The official attendance is not disclosed by Speedway management, but the permanent seating capacity is upwards ...
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Gaston Chevrolet
Gaston Chevrolet (4 October 1892 – 25 November 1920) was a French racecar driver and automobile manufacturer. Early life Born near Beaune, in the Côte-d'Or region of France where his Swiss parents had emigrated to a few years earlier, he was the younger brother of Louis (1878–1941, founder of the Chevrolet car company) and Arthur Chevrolet (1884–1946). After brother Louis emigrated to the United States and earned enough money, he sent for Gaston and Arthur to join him. Once there, Gaston worked as an automotive mechanic and joined his brothers in auto racing. In 1916, the year after older brother Louis left the Chevrolet car company, Gaston Chevrolet became a partner with Louis and Arthur in the new Frontenac Motor Corporation. Indianapolis 500 Driving a Frontenac race car, Chevrolet competed in the 1919 Indianapolis 500, finishing in tenth place while brother Louis finished seventh. Chevrolet broke the dominance of European built cars in the 1920 Indianapolis 500, w ...
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Frontenac Motor Corporation
Frontenac Motor Corporation was a joint venture of Louis Chevrolet, Indy 500 winner Joseph Boyer Jr., Indianapolis car dealer William Small, and Zenith Carburetor president Victor Heftler. Per articles of Incorporation on file in the Michigan State Archives, it was founded in Detroit in December 1915. The company focused on building high-performance automobiles that would be used in major AAA events, including the Indianapolis 500. Gaston Chevrolet won the 1920 Indianapolis 500 in a Frontenac, but died a few months later in a late-season race in Los Angeles in November 1920; he had already accumulated enough points to posthumously win the championship. In 1921, Frontenac won the Indy 500 again, this time at the hands of Tommy Milton, and the company entered into a deal with Stutz Motor Company The Stutz Motor Car Company, was an American producer of high-end Sports cars, sports and Luxury vehicle, luxury cars based in Indianapolis, Indiana. Production began in 1911 and ...
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Engineer
Engineers, as practitioners of engineering, are professionals who invent, design, analyze, build and test machines, complex systems, structures, gadgets and materials to fulfill functional objectives and requirements while considering the limitations imposed by practicality, regulation, safety and cost. "Science is knowledge based on our observed facts and tested truths arranged in an orderly system that can be validated and communicated to other people. Engineering is the creative application of scientific principles used to plan, build, direct, guide, manage, or work on systems to maintain and improve our daily lives." The word ''engineer'' (Latin ) is derived from the Latin words ("to contrive, devise") and ("cleverness"). The foundational qualifications of an engineer typically include a four-year bachelor's degree in an engineering discipline, or in some jurisdictions, a master's degree in an engineering discipline plus four to six years of peer-reviewed professiona ...
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Consultant
A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting services generally fall under the domain of professional services, as contingent work. A consultant is employed or involved in giving professional advice to the public or to those practicing the profession. Definition and distinction The Harvard Business School provides a more specific definition of a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". In his book, ''The Consulting Bible'', Alan Weiss defines that "When we onsultantswalk away from a client, the client's conditions should be better than it was before we arrived or we've failed." There is no legal protection given to the job title 'consultant'.Consultancy.ukWhat is a consultant? accessed 29 June 2021 S ...
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