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Grafft also said that his company could eventually resume engine production, which Tecumseh Power ceased in December 2008". On September 1, 2010, Certified Parts Corporation (CPC) of Janesville, Wisconsin , announced it had entered into an agreement with LCT, ( Liquid Combustion Technology ) of Travelers Rest, South Carolina , to jointly ...
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
During the recession, there was an extremely sharp decline in industrial production. From May 1920 to July 1921, automobile production declined by 60% and total industrial production by 30%. [13] At the end of the recession, production quickly rebounded. Industrial production returned to its peak levels by October 1922.
Peanut Corporation of America (PCA) was a peanut-processing business which is now defunct as a result of one of the most massive and lethal food-borne contamination events in U.S. history. [2] PCA was founded in 1977 and initially run by Hugh Parnell with three sons, including Stewart Parnell.
US automobile manufacturing, 1993–2021. At the time, the Big Three employees, parts-supplier employees and car-dealer employees totaled approximately 1.6 million. [18] All auto-related industries and after-market service businesses employed approximately 3.1 million people in the United States.
LyondellBasell's United States operations filed for Chapter 11 bankruptcy protection in January 2009, and emerged from bankruptcy in April 2010. [11] Its former parent company, LyondellBasell Industries AF S.C.A. was replaced by LyondellBasell Industries N.V. [12] It was listed on the New York Stock Exchange on October 14, 2010. [13]
The company was ordered to pay $5 million to an asbestos victim in 1997, making it the highest jury verdict in the history of the United States for a single non-malignant asbestos case. [22] In 1999, a jury in federal district court in Florida awarded $1.8 million compensatory damages and $31 million punitive damages against the company for ...
In June 2013, Exide again filed for Chapter 11 bankruptcy protection with the aim of cutting debt and implementing a restructuring plan (Exide Technologies, Case No. 13-11482, U.S. Bankruptcy Court, District of Delaware). In April 2015, the company emerged from Chapter 11 bankruptcy protection, which reduced its debt by approximately $600 million.