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Company News
GM, Chrysler Sales Up in 2014, Ford Down Slightly
Monday, January 05, 2015
YOUNGSTOWN, Ohio -- Despite lower demand in December, sales of the Chevrolet Cruze saw a 10% increase in 2014, making it a record year for the popular car.
More than a quarter-million of the passenger car made in Lordstown -- 273,060 – were sold in 2014 -- including 25,000 more than in 2013. In December, 17,800 were sold, 2% fewer than in the last month of 2013.
$800M Lordstown Power Project Plant Back on Track
Monday, January 05, 2015
LORDSTOWN, Ohio -- “The heavy lifting is done,” says Mayor Arno Hill of an $800 million project that would see a power generation plant built in his village. “We know what we have to do to wrap it up, and there’s not going to be any problems.”
Saudi Arabia FDA Appoves NanoLogix Products
Monday, January 05, 2015
HUBBARD, Ohio – NanoLogix Inc. reports the Saudi Arabian Food and Drug Administration has approved the company’s Petri-based products for import and use in Saudi Arabia. Nasaem AlJazira Co. is the sole designated distributor for NanoLogix products in the Kingdom of Saudi Arabia.
YBI Company Secures First International Investment
Wednesday, December 31, 2014
YOUNGSTOWN, Ohio -- For the first time, a portfolio company at the Youngstown Business Incubator has received an investment from outside the United States. SalesKatz, housed in the incubator, has a $200,000 commitment from a private equity investor in London, its CEO, Ken Zebracki, said Tuesday.
CCA Wants to Know Why It Lost Inmate Contract
Tuesday, December 30, 2014
YOUNGSTOWN, Ohio -- Corrections Corporation of America has requested a meeting as soon as this week with the Federal Bureau of Prisons for an official explanation on why it lost the contract that accounts for the vast majority of its inmates at its Northeast Ohio Correctional Center here, Mayor John McNally said Monday.