GM plans Detroit EV parts warehouse at former AMC building site
General Motors Co. is working to open a warehouse for electric vehicle parts at the former American Motors Corp. site in Detroit to serve its nearby Factory Zero assembly plant.
Volvo EX90 delayed by lidar system software integration
Production of Volvo’s flagship electric crossover is pushed “five or six months.” U.S. deliveries are expected to begin in the third quarter of next year.
Stellantis unit official pleads guilty to felony in U.S. diesel emissions probe
The Justice Department said the guilty plea by Emanuele Palma accompanies the earlier conviction of Fiat Chrysler, now part of Stellantis, for defrauding the EPA and customers.
Home sales in June fell to the slowest pace since January with near-historic low inventory for sale
By ALEX VEIGA (AP Business Writer)
LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a row, though fierce competition led to about one-third of homes selling for more than their list price.
Existing home sales fell 3.3% last month from May to a seasonally adjusted annual rate of 4.16 million, the National Association of Realtors said Thursday. That’s slightly below what economists were expecting, according to FactSet, and marks the slowest sales pace since January.
Sales sank 18.9% compared with June last year. All told, sales are down 23% through the first half of this year.
The national median sales price fell 0.9% from June last year to $410,200. That’s the smallest annual decline since March. While down from a year earlier, the median sales price rose from the previous month, reaching the second-highest level on records going back to January 1999.
People on the move
Boards of directors
John Crossman, chief executive officer of Crossman Career Builders, was appointed to the Florida A&M University board of trustees.
Jennifer Addeo, vice president, finance, Universal Destinations & Experiences’ Creative Division, was appointed to the Second Harvest Food Bank of Central Florida board of directors.
Education
Viktoryia McGrath was promoted to gallery director for the Center for Fine and Performing Arts at Seminole State College.
Health care
General surgeon Dr. Harry Aubin has joined AdventHealth Medical Group and will perform procedures at AdventHealth Daytona Beach.
Kristy Bowman was hired as chief of clinical services and operations at WeCare tlc. She will be based in Orlando.
Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.