Red McCombs, a former Texas used car dealer who became a multi-millionaire entrepreneur by venturing into a string of successful businesses, including media giant Clear Channel Communications and several professional sports teams, died Sunday at his home in San Antonio. He was 95 years old.His family announced his death but did not state the cause.Mr. McCombs was a flamboyant wheeler-dealer who created more than 400 companies in a wide variety of industries, including oil, real estate, livestock, insurance, movies and racehorses, often selling them at a substantial profit. At various times he owned a professional football team, the Minnesota Vikings,…
Author: Automotivedealernews.com
HydroGraph Clean Power Inc. (CSE: HG) is continuing the transition from a research and development company to commercializing its game-changing Hyperion Graphene Production System for its initial target markets. The Hyperion system can produce graphene with a pure carbon content of 99.8% with identical and consistent production quality with minimal energy use, no solvents and zero carbon emissions, making it one of the leading producers of cleanest graphene in the world. The company is one of four graphene producers that have been verified by the Graphene Council and the only US producer. TO READ: HydroGraph enters the final testing phase…
He also played a key role in bringing Formula 1 racing to Austin by investing in the Circuit of the Americas, the Austin track that has hosted the annual United States Grand Prix since 2012.In a statement Monday, Dallas Cowboys owner Jerry Jones called Mr. McCombs “a true Texas titan in sports, media, business and philanthropy” who had “followed his dreams.”The most profitable company of Mr. McCombs was Clear Channel, which he co-founded with Lowry Mays in 1972, when they bought a local radio station in San Antonio, KEEZ-FM, for $125,000. (Mr. Mays died in September at age 87.)The two…
That same year the Mount Rushmore monument was dedicated, the first television broadcast was made in England and the Ford TT Truck exceeded 300,000 units sold in a twelve month period. It was the best score achieved by the farm truck in its ten years of production that saw more than 1.3 million vehicles released on the roads of the United States.Henry Ford’s first take on a utility vehicle took the form of a stretched Model T platform. Sold as a chassis only, the truck had a production run of three units in 1917 when it came out. In the…
It was a day of muted swing in the oil market that finally saw prices close lower as traders weighed US interest rates and the outlook for China to determine the direction of demand global energy Brent fell as signs of a US economic slowdown dominated broader market sentiment, with traders fleeing risk assets. The pace of previously owned home purchases fell to the weakest level since 2010. Crude oil has traded in a tight band for much of 2023, with conflicting data points preventing the market from breaking past current resistance levels. The rise in crude oil prices has…
Playground Games is announcing a live stream that will reveal the second expansion planned for Forza Horizon 5 in the coming days. On February 21st, Playground Games announced that the long-awaited second expansion for Forza Horizon 5 it would soon be revealed. The developer posted when the announcement would be made on social media, but didn’t offer more details on what it might be. The mockery provoked Forza Horizon 5 players guessing what the next expansion might be. recently, Forza Horizon 5 released the JDM update, which goes with the Japanese automotive season in the game. With new cars to…
Bus companies in Bolivia avoid carrying passengers in favor of carrying a much more profitable cargo: contraband. Last year, more than 1,000 passenger buses were caught smuggling in Bolivia, according to a recent investigation by the Bolivian newspaper La Razón. The smuggling network appears to be widespread, with more than 20 bus companies involved, Bolivia’s Vice Minister of Combating Smuggling, Brigadier General Daniel Vargas, told the newspaper. However, the penalties are low, with first-time offenders facing fines as low as $70. Smuggling is a long-standing problem in Bolivia, but it appears to be on the rise. Last year, customs seized…
DENVER – A popular south Denver brewery will likely be closed for a while after a car crashed into its building Tuesday morning.Denver police said officers responded around 8 a.m. to the crash at Dos Luces Brewery at 1236 S. Broadway.Police said a woman traveling southbound on South Broadway attempted to change lanes near West Mississippi Avenue and cut off another vehicle. This caused her to lose control and crash into the brewery and a parked vehicle.The woman and two minor passengers were taken to the hospital, but no serious injuries were reported, police said. No one was inside the…
Lucas Oil Live will have capacity for more than 6,500 seats Officials from Lucas Oil Products and WinStar World Casino and Resort today announced a partnership that includes the naming rights to WinStar’s new event arena set to open in 2023. The casino-resort’s new 6,500-seat arena will be named Lucas Oil Live. “The Lucas Oil Live venue enhances the resort experience for both our guests and music fans as we welcome live entertainment,” said Jack Parkinson, general manager of WinStar World Casino and Resort. “Our guests will be able to enjoy an electric atmosphere in a venue that is nearly…
Panoro Energy has acquired a 56 percent stake in the EG-01 block offshore Equatorial Guinea. The company has also secured the operation, partnering with Kosmos Energy (24%) and GEPetrol (20%) for an initial period of three years. Block EG-01 borders both Block G, where Panoro has a 14.25 percent non-operating interest and which contains the producing Ceiba Field and Okume complex, and Block S, where Panoro has agreed to do so with a non-operated stake of 12 percent. . “The award of Block EG-01 is a natural and complementary expansion of our portfolio in Equatorial Guinea and in line with…