Latest news with #Anheuser-Busch
CBS News
29-07-2025
- Automotive
- CBS News
Delays in anti-drunken driving auto tech frustrate Illinois mom who lost son in crash
The mother of a McHenry, Illinois man who was killed by a drunken driver in 2018 is pushing for a technology in new cars that she said would have saved her son's life — and she is frustrated by delays in its implementation. Sheila Lockwood lost her 23-year-old son, Austin, to a drunken driver on June 10, 2018. Every single day since, Lockwood has been teaming up with stakeholders trying to make it harder for drunken drivers to get behind the wheel. "We know that there's technology that could stop this from happening," said Lockwood. In 2021, Lockwood was instrumental in helping get the HALT Act signed into law. The acronym stands for "Honoring Abbas Family Legacy to Terminate Drunk Driving," and is named for Issam and Rima Abbas of the Detroit area and their three children — Ali, 13; Isabelle, 12; and Giselle, 7 — who were struck and killed by a wrong-way drunken driver on I-75 near Lexington, Kentucky, while returning from a Florida vacation in January 2019. The law requires a new federal regulation for anti-drunken driving technology to be installed in new cars. The technology can passively detect a drunk driver by the air he or she breathes out. It measures the ratio of carbon dioxide and alcohol to determine what a would-be driver's blood alcohol must be. Mothers Against Drunk Driving was joined by members of the auto insurance industry and the alcohol industry in advocating for the tech in new vehicles. "Anheuser-Busch is a huge supporter," said Lockwood. The target rollout year for the tech was 2026. But nearly four years later, the finish line has been pushed back — in part thanks to pushback from some lawmakers trying to repeal the requirement using another piece of legislation, the No Kill Switches in Cars Act. One lawmaker, U.S. Rep. Scott Perry (R-Pennsylvania) claimed the anti-DUI technology can be used to "restrict your travel or to track you without a warrant." "There's been a lot of false information out there," Lockwood said. "Nobody has the right to drive impaired." The new goal for implementation is 2030, and Lockwood said she is pushing to make sure that is the end of the delays. "We have been waiting now for four years," Lockwood said. "That's 40,000 lives we could have saved." CBS News Chicago reached out to several lawmakers trying to repeal the HALT Act for comment for this story, but had not heard back late Monday. Lockwood will be back in Washington, D.C., this September, pushing for the requirement finally to be implemented.
Yahoo
10-07-2025
- Business
- Yahoo
124 employees affected by pending Ohio Eagle Distributing sale to Heidelberg
Jul. 10—Ohio Eagle Distributing has entered into a sale agreement with Heidelberg Distributing, which, if closed, will affect the employment of 124 employees in West Chester Twp., according to the company. Heidelberg, though, is "committed to retaining as many of our talented team members as possible and looks forward to welcoming them into their organization," according to a statement from Ohio Eagle. The wholesale Anheuser-Busch, Constellation, Yuengling and local craft beer supplier will close on or about Sept. 8 at 9300 Allen Road in West Chester Twp. and at its other facility in Lima. A total 178 employees of Ohio Eagle Distributing will be impacted, including 54 employees at the Lima facility. Employees at the West Chester Twp. facility are represented by Teamster Local Union 1199. Because Ohio Eagle will be permanently ceasing operations, any bumping rights provided by collective bargaining agreements are not applicable. Ohio Eagle was founded in 2015 after Col. John Saputo purchased Dickerson Distributing Company, a family-owned Monroe business that had operated since 1934. The company acquired Clermont Distributing in 2018 and added five additional counties to its Anheuser-Busch territory. In 2022, Ohio Eagle purchased AB Sales of Lima from Anheuser-Busch and added nine counties to its coverage.
The Age
04-07-2025
- Business
- The Age
Corona heiress is on edge about her $12.5 billion beer fortune
In February, Pablo and Tresalia CEO Perez joined Santiago on the board of the Spanish branch of fitness company Barry's Bootcamp, as it raised extra capital without disclosing the financing source. Pablo, the elder of the two, is also a managing director at Tresalia and helps to oversee its private equity division, according to his LinkedIn profile. 'This is not a small family office – it's a small investment management firm,' said Christina Wing, co-founder of Wingspan Legacy Partners, which advises ultra-wealthy families. 'If the people she hired match her strategy, it's a perfect set-up.' Aramburuzabala declined to comment for this story, as did her son Pablo. Santiago didn't respond to a request for comment. Aramburuzabala was thrust into the spotlight when her father, Pablo, died of cancer in 1995 at age 63. With no son as his heir-apparent, his death left a leadership vacuum in a business culture traditionally dominated by men. Loading 'The world caved in on us,' she told The New York Times in a 2002 interview. 'Friends, enemies, boyfriends – everyone wanted control. Less than a month after my father died, we had people coming to tell us that he had left them in charge, and that they were going to manage things for us.' At issue was the family's stake in Grupo Modelo, the Mexico City-based brewer that Aramburuzabala's grandfather co-founded in 1925. It grew quickly, acquiring Mexican competitors while rolling out new brands. In 1979, it introduced Corona to the US market for the first time, where it eventually became the top-selling imported beer. Budweiser maker Anheuser-Busch began to buy shares of Grupo Modelo in the early 1990s, eventually acquiring about half of the Mexican brewer. Quickly proving herself an adept negotiator, Aramburuzabala helped lead talks to sell the noncontrolling stake. She became vice chair of Grupo Modelo in 1996, the same year she founded Tresalia. After Belgian brewing giant InBev acquired Anheuser-Busch, the combined behemoth bought the remaining 50 per cent of Grupo Modelo in 2013, paying some $US20 billion. Aramburuzabala helped convince other shareholders to approve the deal after Anheuser-Busch InBev upped its offer price. While the exact stake the Aramburuzabala family held at the time isn't clear, it was among three major groups of shareholders to profit from the windfall. Maria Asuncion Aramburuzabala used part of the proceeds to buy AB InBev shares and joined the company's board along with Valentin Diez Morodo, another descendant of a Grupo Modelo co-founder. 'I don't want to be that typical leader that did everything and then at some point there's a hole and it goes sideways.' Maria Asuncion Aramburuzabala Overall, the Aramburuzabala family pocketed at least $US3 billion through Grupo Modelo stake sales, according to Bloomberg's wealth index. Three allies Aramburuzabala, who has an accounting degree from the Autonomous Technological Institute of Mexico, is among a growing population of ultra-wealthy women who've established their own family offices, though few set them up as long ago as the beer heiress. Tresalia – a portmanteau of Tres Aliadas, or Three Allies, for Aramburuzabala's sister, mother and herself – has over the years invested in and exited businesses like Mexican media company Grupo Televisa, fashion brand Tory Burch and data centre operator Kio Networks. Loading It has also stayed close to the fortune's origins in the consumer space, allocating to consumer-goods giant Kraft Heinz and riding the multibillion-dollar coffee bet of JAB Holding alongside other billionaire shareholders of AB InBev such as Alejandro Santo Domingo, the head of Colombia's richest family. Aramburuzabala stepped down as a director of AB InBev in 2023 after serving a decade on the company's board. She also resigned as a director of beauty company Coty earlier this year, leaving her without any board roles at listed companies. She's now spending more time on her hobbies such as travel and animal photography. Her passions also include deep-sea diving, an interest she has passed on to her sons, who both describe themselves as ocean explorers.
Sydney Morning Herald
04-07-2025
- Business
- Sydney Morning Herald
Corona heiress is on edge about her $12.5 billion beer fortune
In February, Pablo and Tresalia CEO Perez joined Santiago on the board of the Spanish branch of fitness company Barry's Bootcamp, as it raised extra capital without disclosing the financing source. Pablo, the elder of the two, is also a managing director at Tresalia and helps to oversee its private equity division, according to his LinkedIn profile. 'This is not a small family office – it's a small investment management firm,' said Christina Wing, co-founder of Wingspan Legacy Partners, which advises ultra-wealthy families. 'If the people she hired match her strategy, it's a perfect set-up.' Aramburuzabala declined to comment for this story, as did her son Pablo. Santiago didn't respond to a request for comment. Aramburuzabala was thrust into the spotlight when her father, Pablo, died of cancer in 1995 at age 63. With no son as his heir-apparent, his death left a leadership vacuum in a business culture traditionally dominated by men. Loading 'The world caved in on us,' she told The New York Times in a 2002 interview. 'Friends, enemies, boyfriends – everyone wanted control. Less than a month after my father died, we had people coming to tell us that he had left them in charge, and that they were going to manage things for us.' At issue was the family's stake in Grupo Modelo, the Mexico City-based brewer that Aramburuzabala's grandfather co-founded in 1925. It grew quickly, acquiring Mexican competitors while rolling out new brands. In 1979, it introduced Corona to the US market for the first time, where it eventually became the top-selling imported beer. Budweiser maker Anheuser-Busch began to buy shares of Grupo Modelo in the early 1990s, eventually acquiring about half of the Mexican brewer. Quickly proving herself an adept negotiator, Aramburuzabala helped lead talks to sell the noncontrolling stake. She became vice chair of Grupo Modelo in 1996, the same year she founded Tresalia. After Belgian brewing giant InBev acquired Anheuser-Busch, the combined behemoth bought the remaining 50 per cent of Grupo Modelo in 2013, paying some $US20 billion. Aramburuzabala helped convince other shareholders to approve the deal after Anheuser-Busch InBev upped its offer price. While the exact stake the Aramburuzabala family held at the time isn't clear, it was among three major groups of shareholders to profit from the windfall. Maria Asuncion Aramburuzabala used part of the proceeds to buy AB InBev shares and joined the company's board along with Valentin Diez Morodo, another descendant of a Grupo Modelo co-founder. 'I don't want to be that typical leader that did everything and then at some point there's a hole and it goes sideways.' Maria Asuncion Aramburuzabala Overall, the Aramburuzabala family pocketed at least $US3 billion through Grupo Modelo stake sales, according to Bloomberg's wealth index. Three allies Aramburuzabala, who has an accounting degree from the Autonomous Technological Institute of Mexico, is among a growing population of ultra-wealthy women who've established their own family offices, though few set them up as long ago as the beer heiress. Tresalia – a portmanteau of Tres Aliadas, or Three Allies, for Aramburuzabala's sister, mother and herself – has over the years invested in and exited businesses like Mexican media company Grupo Televisa, fashion brand Tory Burch and data centre operator Kio Networks. Loading It has also stayed close to the fortune's origins in the consumer space, allocating to consumer-goods giant Kraft Heinz and riding the multibillion-dollar coffee bet of JAB Holding alongside other billionaire shareholders of AB InBev such as Alejandro Santo Domingo, the head of Colombia's richest family. Aramburuzabala stepped down as a director of AB InBev in 2023 after serving a decade on the company's board. She also resigned as a director of beauty company Coty earlier this year, leaving her without any board roles at listed companies. She's now spending more time on her hobbies such as travel and animal photography. Her passions also include deep-sea diving, an interest she has passed on to her sons, who both describe themselves as ocean explorers.
30-06-2025
- Business
Georgia town that solidly backed Trump could fall victim to bill's green energy cuts
CARTERSVILLE, Ga. -- When two South Korean companies announced a multibillion-dollar investment to build solar panel and electric battery factories in northwest Georgia, federal subsidies helped close a deal to diversify the local economy. The factories promised thousands of new jobs, transforming the manufacturing base in Cartersville, once a cotton mill town before an Anheuser-Busch brewery arrived in the 1990s and a tire plant in 2006. But now Republicans in Congress want to gut the subsidies for projects across the country in a tax cut bill likely days from final passage. President Donald Trump's signature legislation could harm Cartersville despite it being in overwhelmingly Republican Bartow County, which backed Trump with 75% of the vote all three times he appeared on the ballot. Both companies say they're continuing their buildout plans. But Steve Taylor, a Republican who is Bartow County's lone elected commissioner, says ending the tax credits would be 'a little concerning.' 'Those companies came and it gave us a completely different type of industry and manufacturing for our community,' Taylor said. By some measures, no state may have more to lose than Georgia from such cuts in Trump's ' Big Beautiful Bill.' Top Georgia Republicans have been mostly silent, while Georgia's two Democratic U.S. senators are staunchly opposed. 'A vote for this bill is a vote against Georgia's economy and a vote that will put so much of what we've worked so hard to achieve at risk' U.S. Sen. Jon Ossoff told The Associated Press. And few towns have more to lose than Cartersville, the Bartow County seat about 35 miles (55 kilometers) northwest of Atlanta. As the county transforms from rural to suburban, leaders foresee an economic boost from the $5 billion battery factory that Hyundai Motor Group and SK On are building, as well as the $2.3 billion solar panel plant belonging to Qcells, a unit of Hanwha Solutions. Both plants pledge to pay workers an average of $53,000 a year. Georgia's huge inrush of clean energy projects had already begun before 2022, when then-President Joe Biden signed his signature climate law, the Inflation Reduction Act. But if anything, that rush accelerated. The 33 additional projects announced by the end of 2024 were the most nationwide, according to E2, an environmental business group. Exact figures differ, but projects in Georgia top $20 billion, pledging more than 25,000 jobs. Buyers of Qcells solar panels get a 40% federal tax credit, including a 10% bonus for domestic content, which would go away under the bill. Qcells itself would still get production tax credits for panels it started producing last year in Cartersville. The bill would also tax companies that buy panels or components from some foreign countries including China. That could help Qcells, but wouldn't aid domestic producers as much as the domestic content bonus. When the 1,900-job plant is complete, it will take refined polysilicon, cast it into ingots and then thinly slice ingots into the wafers that become solar cells. Qcells says controlling its own supply chain will let it work more efficiently. Those additional steps would earn the company additional tax credits. Scott Moskowitz, vice president of market strategy and industry affairs for Qcells, said the company built its first American factory up the road in Dalton during the first Trump administration in response to Trump's protectionist trade policy. Moskowitz argues that a quick curtailment of federal subsidies undercuts Trump's goal of bolstering domestic manufacturing, pushing buyers back to Chinese-controlled producers. Some local Republicans are expressing alarm, with 16 GOP state legislators imploring Congress in a June 17 letter to preserve tax breaks for solar panels. 'We urge you not to weaken the tax credits, as doing so would only harm the manufacturing renaissance in Georgia while creating opportunities for Chinese companies to take over the solar industry,' wrote the Georgia lawmakers, led by Republican state Rep. Matthew Gambill of Cartersville. Some argue it's unfair for Congress to pull the rug out after companies relied on the promise of federal support to invest huge sums. 'I would like to think that from a business perspective that when you have agreements in place that you carry those out to fulfillment," Cartersville Mayor Matt Santini said. Clean energy projects have overwhelmingly located in Republican-held congressional districts, with a report by Atlas Public Policy finding GOP districts host 77% of planned spending. But Republican U.S. Rep. Barry Loudermilk, who lives in Bartow County, praised the cuts when they passed the House in May, saying the bill would 'unleash American energy stifled by the Democrats' Green New scam' and lauding expansion of oil, gas and coal production on federal lands. Republican Gov. Brian Kemp says he's staying out of the debate. 'Our position is that Congress needs to be the one to decide the future of the IRA," said Kemp spokesperson Garrison Douglas. Kemp loves green energy investments and jobs, and even declared that his goal is to make Georgia the 'electric mobility capital of America.' But Kemp and Ossoff clash over who should get credit for Georgia's green energy boom. Kemp sharply disputes that the Biden-era incentives spurred the flood of investment, saying many industries were already on their way before the Inflation Reduction Act was passed. Unlike his current silence, Kemp vociferously opposed some domestic content requirements that made it hard for Hyundai to access the same tax credits as unionized U.S.-based automakers. 'Just generally speaking, the Inflation Reduction Act picked winners and losers, and we saw that negatively impact our partners," Douglas said. All nine of Georgia's Republican House members voted to support the bill, including U.S. Rep Buddy Carter, who earlier signed a letter supporting green energy subsidies. Carter, who is seeking the GOP nomination to oppose Ossoff for Senate in 2026, represents a coastal district that includes a $7.6 billion Hyundai plant in Ellabell that started production last year. Hyundai wants to make batteries at what would be a 3,500-employee plant near Cartersville so that Hyundai and Kia buyers can fully take advantage of the $7,500 tax credit for electric vehicles. Those credits would end six months after the bill is enacted under the current version. The company is publicly sidestepping the current legislative fight. But with American demand for electric vehicles slow to take off, Hyundai now says it will also build gas-electric hybrid vehicles in Ellabell, once projected to make only electric vehicles. 'We remain focused on electrification because we believe it represents a significant long-term opportunity,' Hyundai spokesperson Michael Stewart said in a statement. 'At the same time, our business is driven by consumer demand, which is why we continue to offer a full range of powertrains.' Bartow County leaders say it's in everyone's interest to keep the projects on solid footing and that jobs should outweigh politics. 'I don't know that people are lining up along party lines over this topic,' Santini said. But Ossoff says partisanship is motivating many Georgia Republicans to turn their backs on the state's economic interests. 'For national Republicans right now, loyalty to Trump is more important than anything else, and this is what Trump says he wants," Ossoff said.
