Daily Business Report: Tuesday, March 7, 2023
Visualized: 40 Years of U.S. Automobile Recalls
Visual Capitalist
By Chimdi Nwosu, featured creator
One of the largest recalls in history took place in 2014 when General Motors—the manufacturer with the highest total of recalls in four decades—recalled millions of vehicles including the 2005-2007 Chevrolet Cobalt, 2007 Pontiac G5, and 2006-2007 Chevrolet HHR, amongst others.
In early February 2023, Honda issued a “Do Not Drive” warning for around 8,200 older cars equipped with the infamous Takata airbags.
These faulty airbags, installed by 19 different automakers including BMW and Toyota from 2002 to 2015, can explode when deployed and have led to numerous tragic accidents. Their recall affected 67 million airbags (including Honda’s vehicles above) and has been known as the largest safety recall in U.S. history.
Over the past four decades, there have been over 22,000 automobile recalls in the United States.
One of the largest recalls in history took place in 2014 when General Motors—the manufacturer with the highest total of recalls in four decades—recalled millions of vehicles including the 2005-2007 Chevrolet Cobalt, 2007 Pontiac G5, and 2006-2007 Chevrolet HHR, amongst others.
In this interactive piece, Chimdi Nwosu uses data from the National Highway Traffic Safety Administration to visualize the types of automobile recalls over the past 40 years, the companies with the most recalls, the components that were recalled the most, and, most importantly, their impacts on people.
Top photo: The 2007 Pontiac G5 was one of several vehicles recalled by General Motors in 2014.
Golden Door unveils multi-million dollar renovation
Golden Door, recognized globally as a pioneer in wellness and named the World’s Best Destination Spa, has unveiled a multi-million dollar renovation that includes a complete overhaul of the bathhouse and pools, as well as updates and enhancements to all 40 guest rooms and gyms. San Diego-based designer Kristine Smith oversaw the project, keeping true to Golden Door’s rich history and Japanese aesthetic inspired by a traditional ryokan.
Smith aimed to strike a balance between the inherent rustic nature of the traditional bathhouse and a more refined space.
The bathhouse, dating back to the year Golden Door opened in 1958, had the entire layout reworked, adding private dressing rooms, new tile, flooring, new Jacuzzi, steam room and sauna. In the Jacuzzi area, the design challenge was to brighten up the space and bring the outdoors in—accomplished with lighting and a first of its kind visual healing space that features time lapse captures of nature directed by artist and renowned filmmaker, Louie Schwartzberg.
SDSU Mission Valley selects LPC West
as first developer for Innovation District
San Diego State University has announced that following a competitive selection process, LPC West has been chosen to complete the first innovation district project at SDSU Mission Valley, which will dramatically expand educational and workforce opportunities for San Diego’s students, faculty, and researchers.
The proposed project at SDSU Mission Valley will deliver approximately 315,000 square feet of leading-edge facilities for research and innovation in three buildings in the northeast portion of the innovation district site area. The project will also include community-serving amenities, a business incubator and accelerator space, and other workforce development opportunities that will intersect to produce a highly dynamic gathering place. LPC West will also construct two parking structures to support innovation district uses as well as nearby stadium events.
The selection of LPC West is the first step in the development of the innovation district at SDSU Mission Valley. With a planned 1.6 million square feet of office, technology, laboratory and research space at full build-out, the innovation district will ultimately consist of several hubs where particular areas of focus are approached through transdisciplinary collaboration and partnerships.
Congressional representatives secure
$3.4 million for SD Community College District
Members of San Diego’s congressional delegation, including Rep. Sara Jacobs, Rep. Scott Peters and Rep. Juan Vargas, traveled to San Diego Mesa College on Monday to present representatives from the San Diego Community College District with a check for $3.4 million in funding from the U.S. Congress. The funding, approved in December 2022 as part of the fiscal year 2023 Omnibus Appropriations Bill, will benefit district students in three areas:
• $1.2 million to better serve lesbian, gay, and transgender students,
• $1 million for an initiative to expand service at the San Diego College of Continuing Education to youths who have recently aged out of the foster care system, and
• $1.2 million for new and expanded centers serving undocumented students.
An estimated 1,200 undocumented students attend City, Mesa and Miramar colleges. Another 2,000 students who are undocumented or come from families with undocumented members attend the non-credit San Diego College of Continuing Education.
Julie Given-Glance joins Endeavor
Bank as chief financial officer
Endeavor Bancorp, the holding company for Endeavor Bank, announced the addition of Julie Given-Glance as its new chief financial officer, effective March 13.
Given-Glance is a a 25-year veteran of banking in Southern California.
Given-Glance’s experience includes providing executive leadership expertise focused on strategic initiatives, reporting and analysis, data governance, pricing and profitability models, and investment diversification.
Prior to joining Endeavor Bancorp, Given-Glance served as executive vice president and chief financial officer of Neighborhood National Bank in Chula Vista.
Prior to that, she was a senior federal examiner with the National Credit Union Administration (NCUA), chief financial officer for three credit unions and chief executive officer for a local credit union.
During her five-year tenure as chief executive officer, the financial institution grew over 150 percent while maintaining outstanding performance ratings.
Birch Aquarium welcomes baby Weedy Seadragons
sdnews.com
Birch Aquarium at Scripps Institution of Oceanography is celebrating the arrival of more than 70 tiny newborn Weedy Seadragons, which are incredibly difficult to breed and rear in captivity. Only a handful of facilities have successfully hatched and reared this unique species of fish that are related to seahorses and pipefish.
“This is huge for us. We’ve been working on this for decades,” said associate curator Leslee Matsushige who leads Birch Aquarium’s Seahorse and Seadragon Breeding Programs. “This is a very challenging yet exciting process. We’ve had some previous experience raising young seadragons, so we hope to successfully raise an even greater number of babies this year.”
The baby weedies are about 1 inch long and weigh less than 1 gram, and will grow to be 13-15 inches long.
General Atomics continues LongShot support
SAN DIEGO — General Atomics Aeronautical Systems Inc. (GA-ASI) said it will continue supporting the Defense Advanced Research Projects Agency (DARPA) LongShot program. LongShot changes the paradigm of air combat operations by demonstrating an unmanned air-launched vehicle capable of employing air-to-air weapons. “GA-ASI is committed to the successful flight demonstration of the LongShot air vehicle,” said Senior Director of Advanced Programs Michael Atwood.
County expands funding
to engage fathers and caregivers
A Behavioral Health Services (BHS) program focused on culturally appropriate programming to strengthen relationships between fathers and their children and bolster fathers’ parenting skills was approved Tuesday by the San Diego County Board of Supervisors. The board approval signals an eight-fold expansion of these services.
General Atomics to deliver three drones
to first customer of U.S. Air Force command
SAN DIEGO — General Atomics Aeronautical Systems Inc. announced a new contract with U.S. Air Force Special Operations Command (AFSOC) to provide three MQ-9B SkyGuardian remotely piloted aircraft systems to its first U.S. customer. AFSOC’s acquisition of MQ-9B builds on more than 20 years as a GA-ASI partner and more than 14 years flying the MQ-9A Reaper, operating more than 40 aircraft in harsh environments around the world.
OFS develops multicore fibers for
its Submarine Fiber Portfolio
SAN DIEGO — OFS, a leading designer, manufacturer, and supplier of innovative fiber optic network products, announces the development of multicore fiber for its ocean product portfolio. TeraWave SCUBA 4X Multicore Ocean Fiber is designed to optimally deliver four times the bandwidth in ocean applications using a four-core space division multiplexing (SDM) technology. OFS is a world-leading designer, manufacturer, and provider of optical fiber, fiber optic cable, connectivity, fiber-to-the-subscriber (FTTx), and specialty fiber optic products.
Cardiff Oncoloty formally
introduces Scientific Advisory Board
SAN DIEGO — Cardiff Oncology Inc., a clinical-stage biotechnology company leveraging PLK1 inhibition, a well-validated oncology drug target, to develop novel therapies across a range of cancers, formally introduced the full membership of its Scientific Advisory Board (SAB). The SAB is comprised of a distinguished group of academic and industry experts who bring depth and breadth of knowledge in oncology drug development, clinical trial design, translational science and clinical research. Read more
Roshambo Eyewear extends partnership
SAN DIEGO — Roshambo Eyewear, a leading manufacturer of children’s eyewear, announced the extended partnership of the Blippi eyewear line in partnership with leading children’s entertainment company Moonbug. Blippi is a live-action program that has struck a chord with parents and kids around the world through its engaging, inspiring and accessible educational content—reaching more than a billion average monthly views through YouTube, Hulu, Netflix, HBO Max, Amazon Prime Video, and more.
Phanes Therapeutics enters research
collaboration with Xyphos Biosciences
SAN DIEGO — Phanes Therapeutics Inc., a clinical stage biotech company focused on innovative drug discovery and development in oncology, announced that it has entered into a research collaboration with Xyphos Biosciences Inc. an Astellas company. The collaboration will leverage Phanes’proprietary technology platforms, PACbodyand SPECpair, in the evaluation of cell therapies in oncology. Under the terms of the agreement, Phanes will receive a technology access payment and further collaborative research support. The details of the financial terms were not disclosed.
Revelation Biosciences to participate
in 35th annual Roth Conference
SAN DIEGO — Revelation Biosciences Inc., a life sciences company that is focused on the development of immunologic-based therapies for the prevention and treatment of disease, announced that its Chief Executive Officer James Rolke will participate in a fireside chat at the 35th Annual Roth Conference scheduled for March 12-14, 2023 to be held at The Ritz Carlton, Laguna Niguel in Dana Point. For more information on Revelation, visit www.RevBiosciences.com.
Jabil Photonics business unit
introduces Active Optical Cable family
SAN DIEGO — Jabil Inc. announced that its photonics business unit is expanding its design, manufacturing, and testing capabilities, culminating in the launch of a new Active Optical Cable (AOC) family. As a result, Jabil is uniquely positioned to address the rapid pace of advancements in optics-enabled network and data center architectures while supporting the continuing surge of artificial intelligence (AI), cloud, high-performance computing (HPC), and machine learning (ML) applications. Jabil will be showcasing its advanced photonics solutions at OFC’23 in San Diego (Booth #3425).
