Ford shows dealers plans for 4-door, off-road Mustangs
Ford gave dealers a peek at future product plans at a meeting in Las Vegas, revealing new gasoline-powered Mustang variants, a Maverick-based van and possible low-cost EVs.
Recent Central Florida bankruptcies
Chapter 7
Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:
J & L Utility Construction Inc., 3765 Vines Lane, Mount Dora. Filed: Aug. 1. Assets: $87. Liabilities: $932,629. Major creditors: Small Business Association, Department of Treasury, Portland, Ore., $706,137; On Deck, South Jordan, Utah, $48,000; HDD Supply, Wesley Chapel, $29,773. Creditors meeting: Aug. 27.
Chapter 11
Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include:
Star Air Conditioning & Heating LLC, 600 N. Thacker Ave., Suite C-14, Kissimmee. Filed: Aug. 8. Assets: $60,108. Liabilities: $633,857. Major creditors: U.S. Small Business Administration, Atlanta, $250,000; Internal Revenue Service, Philadelphia, $180,000; Knightsbridge Funding, New York City, $59,400. Creditors meeting: Sept. 9.
Victoria Edward Spa & Wellness Center LLC, 1186 Tree Swallow Drive, Winter Springs. Filed: Aug. 9. Assets: $217,172. Liabilities: $670,447. Major creditors: Small Business Administration Disaster COVID-19 EIDL, Washington, D.C., $159,700; Bay First Financial, Seminole, $134,798; Simply Funding, New York City, $68,383. Creditors meeting: Sept. 9.
Lockheed Martin to buy Florida-based satellite maker Terran Orbital
Aerospace powerhouse Lockheed Martin announced Thursday it plans to acquire Florida-based satellite manufacturing company Terran Orbital.
The Boca Raton-based company recently expanded satellite production out of California after a plan to build them in Brevard County fell through.
“We’ve worked with Terran Orbital for more than seven years on a variety of successful missions,” said Lockheed Martin Space President Robert Lightfoot in a press release. “Their capabilities, talent and business momentum align with Lockheed Martin Space’s strategic plans – and we’re looking forward to welcoming them to our team. Our customers require advanced technology and even faster product development, and that’s what we can achieve together.”
Lockheed Martin, based in Littleton, Colorado, has several Florida-based aerospace facilities including offices in Orlando, the Space Coast and Palm Beach County.
The company stated the acquisition of Terran Orbital aims to expand its advanced satellite manufacturing and responsive space capabilities, especially with Terran Orbital’s footprint in both the aerospace and defense industries.
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises.
For the future of U.S. plug-in hybrid range, look to Europe
Longer-range European plug-in hybrids, driven by regulation, preview what’s to come in the U.S.