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Business

Struggle for local auto dealers continued in April

Staff report WARREN — Auto dealers in the Mahoning Valley continue to struggle to gain traction with consumers, whose demand for vehicles is outpacing supply with the result being sales in April off 23 percent from one year ago. The most recent data from the Greater Cleveland Automobile ...

Avalon Holdings reports 1Q financial results

Staff report HOWLAND — Avalon Holdings Corp. reported a net operating revenue in the first quarter of 2022 of $14.3 million compared with $15.1 million in the first quarter of 2021. The company recorded a net loss attributable to common shareholders of $1.3 million in the first quarter ...

LMC, Workhorse Group power off partnership

LORDSTOWN — Workhorse Group Inc., an early stakeholder in Lordstown Motors Corp., and the electric-vehicle startup no longer are partners. Regulatory filings show Lordstown Motors paid $11.1 million to Workhorse Group in the third quarter last year, a move that ends a technology-licensing ...

MVMC to focus on inclusion

WARREN — The Mahoning Valley Manufacturers Coalition is on the cusp of launching a series of diversity, equity and inclusion (DEI) initiatives for its members and community partners in a targeted multi-pronged approach. “Our focus is on increasing diversity focus with outreach activities ...

Howmet reports 1Q results

WARREN — Howmet Aerospace, which has a plant in Weathersfield, had first-quarter revenue of $1.32 billion, up 10 percent year over year, according to the company’s quarterly financial report released Tuesday. The increase, according to the Pittsburgh-based company, was mostly driven by ...

Valley car sales dip

WARREN — Vehicle sales in the Mahoning Valley slid 15.1 percent last month from March 2021, the result of a market that remains depressed due to a prolonged and severe inventory shortage. The latest data from the Greater Cleveland Automobile Dealers’ Association, which tracks sales across ...