The Shinhwa Group, a South Korean auto supplier, will open a $42 million Auburn manufacturing operation, expected to create 95 jobs. It is the manufacturer’s first U.S. manufacturing location. The company plans to make drive shafts for vehicles made by …
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This is definitely one way to keep the Christmas spirit going for all of December. Shoppers have noticed that not only has Christmas come early to Costco, but it’s a little extra boozy this year. Now, people can combine the traditional advent calendar with a daily …
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Ford Motor Company (NYSE:F) has confirmed that it’s forming a joint venture with Indian automaker Mahindra & Mahindra Ltd. (OTC:MAHMF) that will take over much of Ford’s struggling business in India. The new joint venture will be valued at $275 million, …
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Topline: As WeWork’s biggest shareholder, SoftBank has been under scrutiny for its backing of the troubled office-sharing startup, but a recent report suggests that for it profit off its investment, WeWork would need a much bigger valuation. For Softbank to …
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New York (CNN Business) Relativity Space, a rocket startup founded by former Blue Origin and SpaceX engineers, just quadrupled its funding by raising $140 million. CEO Tim Ellis says it’s enough cash to fund Relativity through the first launch of its Terran 1 …
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