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☆ Explainer: Can Trump pardon himself? Would the courts reject the move?
▼ + stars: | 2021-01-16 | by ( Jan Wolfe | ) www.reuters.com + 0.00 time to read: +6 min

Trump wrote on Twitter in 2018 that he had the “absolute right” to pardon himself. Others have argued that a self-pardon is constitutional because the pardon power is very broadly worded in the Constitution. Why would Trump pardon himself? A pardon cannot cover future conduct, but a pardon can be preemptive in the sense that it can cover conduct that has not yet resulted in legal proceedings. The Nixon pardon is an example, and there are others.

Persons: Donald Trump, pardoning, Carlos Barria, Trump, “, ”, Frank Bowman, Richard Nixon, Nixon, Jessica Levinson, Trump’s Jan, Georgia’s, Joe Biden, impartially, ” Trump, Cyrus Vance, Gerald Ford, Jimmy Carter preemptively Organizations: Reuters, U.S, Air Force, Joint Base Andrews, REUTERS, Carlos Barria The Justice, Twitter, University of Missouri, Justice Department, “, Justice, Trump, Loyola Law School, U.S . Capitol, Supreme, dodgers ” Locations: Washington, U.S, Mexico, Texas, Maryland, United States, California, Georgia, Manhattan, Vietnam

☆ Trump's China tech war backfires on automakers as chips run short
▼ + stars: | 2021-01-15 | by ( Ben Klayman | Stephen Nellis | ) www.reuters.com + 0.00 time to read: +5 min

The problems stem from a confluence of factors as auto manufacturers compete against the sprawling consumer electronics industry for chip supplies. In at least one case, the shortage ties back to President Donald Trump’s policies aimed at curtailing technology transfers to China. Huawei stockpiled chips ahead of the ban in order to keep building what products it could after it took effect. An AutoForecast Solutions report estimated the global auto industry had already experienced lost volume of 202,000 vehicles as of Jan. 13. Executives at automakers and suppliers said they are adapting production schedules to protect chips used in higher-profit vehicles.

Persons: Kamil Krzaczynski, Donald Trump’s, TSMC, ”, SMIC, C.C, Wei, Ford, Mike Hogan, Trump, eyeing, Daniel Goehl, “ Organizations: Reuters, Trump, Ford, Plant, REUTERS, Ford Motor Co, Subaru Corp, Toyota Motor Corp, Volkswagen, Nissan Motor Co Ltd, Fiat Chrysler Automobiles, Consumers, China’s Semiconductor Manufacturing, U.S, Taiwan Semiconductor Manufacturing Co, TSMC, Lexus, HUAWEI, House, Huawei Technologies Co, Huawei, UltraSense Systems, Commerce, Huawei blacklistings, Analysts Locations: Chicago , Illinois, U.S, United States, China, Taiwan, TSMC, Kentucky, Saarlouis, Germany

☆ In an expletive-filled rant, Trump told an aide to never mention Nixon's name again, as some call for him to resign
▼ + stars: | 2021-01-15 | by ( Sarah Al-Arshani | ) www.businessinsider.com sentiment -1.00 time to read: +2 min

President Donald Trump has refused calls to resign after he was impeached earlier this week. Trump has been extremely opposed to the idea and has forbidden aides from mentioning former President Richard Nixon. Nixon resigned after the House Judiciary Committee voted to move ahead with his impeachment proceedings in 1974. President Donald Trump told an advisor to never bring up former President Richard Nixon's name ever again in an angry and expletive-filled rant, CNN reported, saying in "separate conversations" that the mention of Nixon was forbidden. Some allies have called on Trump to resign like Nixon ahead of the Senate's impeachment trial.

Persons: Donald Trump, Trump, Richard Nixon, Nixon, Richard Nixon's, Insider's Darren Samuelsohn, Tom LoBianco, Mitch McConnell, Mike Pence, Gerald Ford Organizations: CNN, Capitol, White House, Trump, Democratic National Locations: Ukraine

☆ Tesla Might Finally Have Some Competition. From Ford.
▼ + stars: | 2021-01-15 | by ( Neal E. Boudette | ) www.nytimes.com sentiment -0.98 time to read: +2 min

Rivian, which is backed by Amazon and Ford, plans to start selling a luxury S.U.V. As a result, many automakers are spending billions of dollars to introduce dozens of electric models over the next several years. “You can’t take the risk of missing it.”Tesla now faces stiffer competition in China and Europe, but it still dominates the U.S. market. The company does not break out its sales by country, but analysts believe it sold 200,000 or more electric cars in the United States last year — more than all other manufacturers combined. Tesla has largely appealed to high-income luxury car buyers, and early adopters — consumers who delight in owning the latest, most cutting-edge technology.

Persons: Tesla, “, ”, Mark Wakefield, ” Tesla Organizations: Volkswagen, Ford, Amazon Locations: United States, China, Europe, U.S, Tesla

☆ Amazon to let automakers use Alexa software to create their own in-car voice assistants
▼ + stars: | 2021-01-15 | by ( Annie Palmer | ) www.cnbc.com sentiment -0.90 time to read: +2 min

Amazon introduces an in-car gadget, the Echo Auto, at an event on Sept. 20, 2018Amazon wants to make it easier for automakers to bring voice assistants to their vehicles. The company announced on Friday a new service — Alexa Custom Assistant — that enables automakers to develop their own digital assistant, built on Amazon's Alexa voice-enabled technology. Even though it relies on Amazon technology, automakers can tailor their digital assistant to their liking by setting unique wake words, voice, skills and capabilities, such as search, traffic updates and navigation. The company has baked the digital assistant into a range of devices around the home, including microwaves, clocks and smart plugs. Fiat Chrysler, which has previously partnered with Amazon on bringing its technology to vehicles, will be the first automaker to develop its own digital assistant via Alexa Custom Assistant, Amazon said.

Persons: Amazon, carmakers Organizations: Echo, Amazon, Alexa, Apple, Google, General Motors, Ford, BMW, Audi, Toyota, Hyundai, Nissan, Fiat Chrysler Locations: Silicon

☆ REVIEW: The $80,000 mid-engine Corvette is the best bargain supercar, yet it's unexpectedly tame to drive
▼ + stars: | 2021-01-15 | by ( Kristen Lee | ) www.businessinsider.com + 0.00 time to read: +15 min

The 2020 Chevrolet Corvette is the first mid-engine Corvette ever. Kristen Lee/Business Insider That's because the new Corvette is exciting, and it's a seismic shift from any other Corvette in history. Kristen Lee/Business Insider Unlike some of the mid-engine options from Italy or Britain, however, the mid-engine Corvette isn't merely a noisy, one-trick track pony. Mid-engine cars are praised for their balance and handling, since most of their weight isn't located at one extreme end. Kristen Lee/Business Insider

Persons: that'll, Kristen Lee, that's, McLaren, General Motors, You've, —, It's, Here's, I'd, Alfa Romeo, Bugatti Chiron, Ferrari, Lamborghini Aventador, Lamborghini Huracán, ♦ Organizations: Corvette, Ferrari, Lamborghini, Porsche, Ford Fusion, General, Chevrolet, Cayman, US News, Environmental Protection Agency, Business, BMW, Acura, Alfa, Bugatti, Ford GT, Lotus, GT, McLaren Locations: Italy, Britain, Bucks County , Pennsylvania, Cayman

☆ Historians worry a Trump library will be an airbrushed 'MAGA' tribute to a twice-impeached president
▼ + stars: | 2021-01-15 | by ( Robin Bravender | Dave Levinthal | ) www.businessinsider.com + 0.00 time to read: +17 min

Construction of a Trump library could wind up being a major battleground over the legacy of the twice-impeached president. It's unclear whether either university Trump attended would want to house a Trump library. President John Kennedy picked a spot for his presidential library near Harvard, in Cambridge, Massachusetts, a month before his assassination. Richard Nixon's presidential library in Yorba Linda, California, was at the center of a historical brawl over the Watergate scandal. Language in the Presidential Records Act "places the responsibility for the custody and management of incumbent Presidential records with the President."

Persons: Julian Zelizer, Trump, Donald Trump, Sean Spicer, Trump's, I'd, Don Jr, Zelizer, Brooks Kraft, Gerald R, Lyndon Baines Johnson, they'd, I'm, it'll, Anthony Clark, Ronald Reagan, John Kennedy, Mandel Ngan, Trevor Noah, Jim Manley, Harry Reid's, —, he'd, John Dean, Richard Nixon, Judd Deere, Richard Nixon's, Greg Doherty, MAGA, Herbert Hoover, Barack Obama, Obama, Mark Updegrove, Updegrove, George W, Laura Bush —, Camp David, Jay Hakes, Jimmy Carter, Nixon, Dean, Camp Pendleton, Hakes, George H, Bush, Timothy Naftali, Bob Woodward, Carl Bernstein, Clinton, Ann Ravel, Manley, Biden, Doug Mills, White, didn't, Joe Biden, It's, Clark, Gerald Connolly, Connolly Organizations: Trump, Princeton University, Washington, White House, US, Senate, Brooks, Brooks Kraft LLC, Getty, Ex, Ford Presidential, University of Michigan, Lyndon Baines Johnson Library, Museum, The University of Texas, Fordham University, Wharton School, University of Pennsylvania, Sunshine State, Stanford University, CBS, Duke University, West, White, National Archives, LBJ Foundation, Jimmy Carter Presidential Library and Museum, Marine Corps, Nixon Foundation, Standard, Congressional Research Service, The, Defense Department, Records Administration, Virginia Democratic Locations: Washington, Ann Arbor, Austin, New York City, Palm Beach , Florida, New York, Harvard, Cambridge , Massachusetts, Boston, AFP, Yorba Linda , California, Florida, Atlanta, Camp, San Diego County, H.R

☆ GM may expand Corvette lineup to include a crossover SUV
▼ + stars: | 2021-01-15 | by ( Michael Wayland | ) www.cnbc.com + 0.00 time to read: +3 min

Michael Wayland / CNBCDETROIT – General Motors is evaluating whether to expand its Corvette lineup – currently a two-seat sports car – to add its first-ever crossover or SUV, a person familiar with the discussions confirmed to CNBC. In late-2019, Morgan Stanley analyst Adam Jonas said a Corvette sub-brand could be worth $7 billion to $12 billion for the automaker. Bloomberg reported Thursday afternoon that GM has designers working on several Corvette-brand concept vehicles that target a wider range of buyers, likely as an all-electric crossover SUV as early as 2025. If GM decides to expand Corvette to a crossover SUV, it would likely be electric, analysts say. In 2019, Morgan Stanley's Jonas said Corvette was "undervalued and underappreciated by the market" in a note to investors.

Persons: Michael Wayland, –, Morgan Stanley, Adam Jonas, Michael Simcoe, Adam Jeffery, Aston Martin, Morgan Stanley's Jonas, Corvette Organizations: Los Angeles Auto, CNBC DETROIT –, Motors, CNBC, Detroit, Bloomberg, GM, CES, Chevrolet, Lamborghini, Maserati, Bentley, Porsche, Ford Motor

☆ GM reportedly may produce an electric Corvette SUV as part of a new sporty line of EVs
▼ + stars: | 2021-01-15 | by ( Tim Levin | ) www.businessinsider.com + 0.00 time to read: +2 min

General Motors may expand the Corvette line, turning it into a family of high-performance electric vehicles, unnamed sources told Bloomberg. The vehicle could arrive as soon as 2025 and would likely have a profile like the Lamborghini Urus or Ford Mustang Mach-E, Bloomberg reported. Last year Ford launched the Mustang Mach-E, an electric crossover with a sports car's moniker. The project, internally named "Project R" or "Brand R," already has designers working on several Corvette-branded concept vehicles, according to Bloomberg. The Corvette SUV could hit the market by 2025, and any addition to the Corvette lineup would be an all-electric vehicle, the sources said.

Persons: Ford, Lamborghini Urus, Read, Mike Simcoe, Cadillac, Bolt Organizations: Bloomberg, Lamborghini, GM, Ford, Cadillac, Chevrolet, GMC, Buick, GMC Hummer EV

☆ Samsung Galaxy S21 vs. S21 Plus vs. S21 Ultra: The key differences buyers should keep in mind
▼ + stars: | 2021-01-15 | by ( Antonio Villas-Boas | ) www.businessinsider.com + 0.00 time to read: +10 min

No matter which new Galaxy S21 model you buy, you'll still get the same core Galaxy S21 experience. Indeed, three different Galaxy S21 models are at your disposal, should you be interested in upgrading to a new smartphone. You have a budget of $1,000The Galaxy S21 Plus starts at $1,000, but also keep in mind that you can often trade in your old phone to get some credit towards the Galaxy S21 Plus. Get the Galaxy S21 Ultra if:SamsungYou want a large phone with a large screenThe Galaxy S21 Ultra has a 6.8-inch screen and isn't much bigger than the Galaxy S21 Plus. The Galaxy S21 Ultra has a 5,000mAh battery with a screen that's only 0.1-inches bigger than the Galaxy S21 Plus, which convention says should add a couple of hours to the S21 Ultra's battery life over the S21 Plus'.

Persons: you'll, —, It's, haven't, You've Organizations: Galaxy, Samsung, Verizon, Mobile, Ford, BMW, Audi

☆ It's chaos as older people struggle to get a Covid-19 vaccine. Here is what you can do
▼ + stars: | 2021-01-15 | by ( Sandee Lamotte | ) edition.cnn.com + 0.00 time to read: +16 min

Nancy Wilkinson (left) and her wife Susan Phillips (right) were lucky to snag one of the few early appointments for Covid-19 vaccine. seniors over 65, New York City Comptroller Scott Stringer Mass confusion is causing some vaccine appointments to go unfilled. Unlike many, she had the idea to message the county health department on its Facebook page to ask if that was necessary. Susan Wilkinson shared her struggle to find a vaccine appointment on social media to help others. Stay tuned to local radio and television stations for updates on openings of vaccination appointments, experts say.

Persons: Nancy Wilkinson, Susan Phillips, Wilkinson snagged, Susan, Wilkinson, Rebecca Smith, Murray, Toby Simon, Smith, Daniel Smith, Simons, Ronald DeSantis, KFF, Lori Freeman, Freeman, They're, Marcus Plescia, Plescia, Scott Stringer, f7QsBfpj5o — Scott M, Stringer, Jason Schwartz, Sandra Ford, Ford, Susan Wilkinson, There's, Yale's Schwartz Organizations: CNN, Georgia, CDC, US Centers for Disease Control, Prevention's, Kaiser Family Foundation, CVS, Walgreens, National Association of County, City Health, Trump, Association of State, Territorial Health, City, Yale School of Public Health, of Health, DeKalb County Health Department, Facebook Locations: Decatur , Georgia, Florida, Covid, Washington, DC, Michigan, Georgia, New York, City, DeKalb County , Georgia, DeKalb County

☆ Automakers forced to cut production amid global shortage of computer chips
▼ + stars: | 2021-01-14 | by ( Paul A. Eisenstein | Paul A. Eisenstein Is An Nbc News Contributor Who Covers The Auto Industry. | ) www.nbcnews.com + 0.00 time to read: +5 min

Manufacturers have ramped up production to respond to inventory shortages, putting them into competition for chips with a consumer electronics industry facing its own surge in demand. “Today’s automobiles use a huge number of computer chips, chips in the engine, chips in the seat, chips in everything, but they’re in tight supply right now,” Dziczek said. Subaru, meanwhile, is trimming output at an Indiana plant, while halting production at a factory in Japan for two days while it assesses its supply situation. When sales bounced back more quickly than expected, manufacturers started pushing production to the max to make up for depleted inventories. Last October’s fire at a major chip plant in Japan owned by Asahi Kasei Corp. has compounded headaches, especially for Japanese automakers.

Persons: Ford isn’t, Kristin Dziczek, ” Dziczek, Ola Källenius, it’s “, Mercedes, Dziczek, Donald Trump’s, China hasn’t, Robert Bosch, “, Bosch, Michelle Krebs Organizations: Ford, Fiat Chrysler, Subaru, General Motors, Honda, Renault, Toyota, Volkswagen, Center for Automotive Research, Manufacturers, Chrysler, Dodge Charger, Dodge Challenger, Mexican Jeep, FCA, NBC News, Nissan, Daimler, Benz, Smart, Bluetooth, Asahi Kasei Corp, Semiconductor Manufacturing International Corp, Magna International, Analysts, Cox Automotive Locations: Louisville , Kentucky, Brampton , Ontario, U.S, Japan, Mexican, Indiana, North America, Europe, China, German, Latin America, Asia

☆ Conversion therapy ban introduced in Mike Pence's home state of Indiana
▼ + stars: | 2021-01-14 | by ( Dan Avery | ) www.nbcnews.com + 0.00 time to read: +8 min

Indiana legislators this week introduced a measure that would ban conversion therapy for minors by licensed counselors. In 2018, Pence's press secretary, Alyssa Farah, insisted that he "has never supported conversion therapy and doesn't support it now." Buttigieg did not respond to a request for comment about the conversion therapy bill. In 2019, a federal judge struck down a two-year-old conversion therapy ban in Tampa, Florida, ruling that regulation of psychotherapy "is a state, not a municipal concern." Kruse and Raatz declined to comment about whether their bill is also intended to ban conversion therapy.

Persons: Bill, Sen, J.D, Ford, Obama, Drew Anderson, Mike Pence, Pence, Donald Trump's, Anderson, Alyssa Farah, Bend Mayor Pete Buttigieg, Joe Biden, Buttigieg, Mike Pences, you've, John Paulk, Instagram, Desmond Tutu, Micah Clark, Britt Grant, Barbara Lagoa, Dennis Kruse, Jeff Raatz, Kruse, Raatz Organizations: Democratic, Covid, American Medical Association, American Psychiatric Association, American Academy of Pediatrics, World Health Organization, Department of Health, Human Services, GLAAD, Indiana Stonewall Democrats, General Assembly, Republicans, Bend Mayor, New, Victory Fund, Republican Party, American Family Association of Indiana, The Indianapolis Star, Boca, Circuit, Indiana Statehouse, Republican, NBC, Twitter, Facebook Locations: Indiana, Utah, Bend, Iowa, New Hampshire, Tampa , Florida, Orlando, Tampa, Maryland, Boca Raton , Florida, U.S, Boca Raton, Palm Beach

☆ Opinion | The Supreme Court After Trump
▼ + stars: | 2021-01-14 | by ( Linda Greenhouse | ) www.nytimes.com + 0.00 time to read: +4 min

Could history repeat itself with any members of the Roberts court? Justices Gorsuch and Kavanaugh fit that description, as do Justices Clarence Thomas, Samuel Alito and Chief Justice Roberts. The most interesting theory about Supreme Court “evolutions” is suggested by a book that has nothing to do with any court. But it came to mind last year as I watched Chief Justice Roberts preside over the Senate’s charade of an impeachment trial. I doubt if there’s anyone in Washington more relieved to see Donald Trump leave the scene than Chief Justice Roberts.

Persons: Harry Blackmun, John Paul Stevens, David Souter, Richard Nixon, Gerald Ford, George H.W, George H.W . Bush, Roberts, Trump, Neil Gorsuch, Brett Kavanaugh, it’s, ’, Michael Dorf, “, Gorsuch, Kavanaugh, Clarence Thomas, Samuel Alito, Justice Roberts, William Rehnquist, Antonin Scalia, Dorf, Amy Coney Barrett, ”, William Chafe, Chafe, hadn’t, John Roberts, Donald Trump Organizations: Republican, Cornell Law School, ”, Democratic, Washington , D.C Locations: George H.W ., Washington ,, midlife, South Bend, Ind, Modern America, Washington

☆ These 5 auto stocks are better bets than Tesla in 2021, according to Bank of America
▼ + stars: | 2021-01-14 | by ( Mark Matousek | ) www.businessinsider.com sentiment -0.98 time to read: +1 min

Bank of America said in a research note that automotive stocks might be at the beginning of a multi-year hot streak. Though a bunch of electric-vehicle companies have seen soaring valuations over the past year, the bank sees more upside this year in the shares of some traditional auto companies. The bank named Ferrari, General Motors, Ford, Magna International, and CarMax as its top stock picks in the automotive industry for 2021. As it did for so many, 2020 proved a challenging year for the auto industry. These are the five automotive stocks BofA recommends for 2021.

Organizations: of America, General Motors, Ford, Magna International, Bank of America

☆ From cutting all ties with Trump to pulling political donations, here's how corporate America has responded to the Capitol insurrection
▼ + stars: | 2021-01-14 | by ( Grace Dean | ) www.businessinsider.com + 0.00 time to read: +8 min

Some have cut off all political funding, others have severed ties with President Donald Trump. Some have cut off political funding, while others, including banks and social media giants, severed their ties to President Donald Trump. The greeting card company asked Republican Senators Josh Hawley and Roger Marshall, who both voted against Biden's certification, to refund its political donations. Cutting corporate spending and severing business ties with TrumpPolitical donations aren't the only way companies give money to politicians. Mike Lindell, CEO of MyPillow, continued to stand by Trump,Banks freeze Trump outBanks are also cutting ties with Trump.

Persons: Donald Trump, Mark Zuckerberg, Sundar Pichai, Stephen J, Squeri, Reddit, Alexis Ohanian, Stephen Schwarzman, Trump, Joe Biden, Jay Timmons, Mike Pence, Timmons, Snapchat, Michael Flynn, Sidney Powell, John Matze, Morgan Stanley, Dow, Josh Hawley, Roger Marshall, Jared Kushner, Trump's, Mike Lindell, Banks, Mark Levine, Levine Organizations: Capitol, American Express, Blackstone, National Association of Manufacturers, White, Trump, Facebook, Twitter, YouTube, Apple, Google, Web Services, Republican, Walmart, Amazon, Nike, JPMorgan, Citibank, Microsoft, Boeing, Visa, Deloitte, Republicans, Berkshire Hathaway Energy, Ford, Bank of American, Popular, Hallmark, Professional Golfer's Association, Trump's, PGA, MyPillow, Trump . Deutsche Bank, Signature Bank, Trump Organization, Professional Bank, Democratic New York Locations: America, Trump's New Jersey, Trump, City, New York, Bronx, Central Park, Democratic New York City

☆ Philanthropists need to get 'uncomfortable' to change sector, Ford Foundation president says
▼ + stars: | 2021-01-13 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99 time to read: +2 min

(Reuters) - Philanthropists should get “uncomfortable” and acknowledge the benefits some of them have reaped from a system of social and economic inequality exacerbated by the coronavirus pandemic if philanthropy is to focus on justice rather than charity, Darren Walker, the president of the Ford Foundation said on Wednesday. He also said philanthropies should provide more unrestricted support to projects. Walker said he wants to focus on strengthening democracy. “We have to talk about the reality that we have a system of white supremacy,” Walker said. “The ultimate answer to the question of reparations is democracy because when we are a more democratic America, we won’t need reparations.

Persons: Darren Walker, ” Walker, Walker, ” Organizations: Reuters, Ford Foundation, reuters Locations: United States, Texas, America

☆ America in the age of Trump
▼ + stars: | 2021-01-13 | by ( Canice Leung | ) www.reuters.com + 0.54 time to read: 1 min

Christine Blasey Ford closes her eyes as she is sworn in before testifying to the Senate Judiciary Committee confirmation hearing for President Donald Trump's Supreme Court nominee Judge Brett Kavanaugh on Capitol Hill in Washington, September 27, 2018. Blasey Ford began her testimony by saying: "I am here today not because I want to be. I am terrified. I am here because I believe it is my civic duty to tell you what happened to me while Brett Kavanaugh and I were in high school." REUTERS/Jim BourgClose

Persons: Christine Blasey Ford, Donald Trump's, Brett Kavanaugh, Blasey Ford, Jim Bourg Organizations: REUTERS Locations: Washington

☆ Lordstown Motors in advanced talks for U.S. retooling loan for EV truck factory
▼ + stars: | 2021-01-13 | by ( David Shepardson | ) www.reuters.com sentiment -0.99 time to read: +2 min

WASHINGTON (Reuters) - Startup Lordstown Motors Corp said Wednesday it is in advanced talks with the U.S. Energy Department seeking a government loan from a program to help pay for the costs of retooling a factory to build electric trucks. “I think you should think in terms of - this is the same loan that Tesla got ” Burns said. Biden is a strong advocate of electric vehicles. Lordstown plans to pit its Endurance EV pickup against competitors from other newcomers such as Rivian and Nikola, as well as GM, Ford and Tesla. Lordstown said Monday it has received more than 100,000 non-binding production reservations from commercial fleets for its EV truck.

Persons: Steve Burns, Burns, ” Burns, Tesla, Ford, Lordstown, Joe Biden, Biden, Nikola Organizations: WASHINGTON, Lordstown Motors Corp, U.S . Energy Department, Reuters, General Motors, Energy, Technology Vehicles Manufacturing, Ford Motor Co, Nissan, The Energy Department, Ford, EV Locations: Ohio

CHENNAI/NEW DELHI/DETROIT (Reuters) - Indian automaker Mahindra & Mahindra Ltd has cut more than half of the workforce at its North American unit, two sources familiar with the matter told Reuters, due to the COVID-19 pandemic and an ongoing legal tussle. FILE PHOTO: ROXOR off-road vehicles are seen in the Mahindra Automotive North America assembly plant in Auburn Hills, Michigan, U.S., January 30, 2019. Positions include engineers and manufacturing jobs at its plant in Detroit that produces the off-road vehicle Roxor, as well as sales executives. MANA said in a statement it had furloughed some staff and laid off others due to the pandemic and an International Trade Commission lawsuit which led to an August “cease and desist” order for the Roxor business. Mahindra and Fiat Chrysler Automobiles (FCA) are in a protracted legal battle over an intellectual property infringement case which has prevented the Indian automaker from selling its Roxor vehicle in the United States.

Persons: Rebecca Cook, ”, MANA Organizations: Indian, Mahindra, American, Reuters, Mahindra Automotive North, REUTERS, International Trade Commission, Fiat Chrysler Automobiles, FCA, South, Ssangyong, Ford Motor Co, Tata Motors, Kia Motors Locations: CHENNAI, DELHI, DETROIT, Mahindra Automotive North America, Auburn Hills , Michigan, U.S, Detroit, United States, India

☆ Ford sold 602,627 vehicles in China in 2020, up 6% year-on-year
▼ + stars: | 2021-01-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00 time to read: 1 min

FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang RattayBEIJING (Reuters) - Ford Motor Co said on Wednesday it sold 602,627 vehicles in China last year, up 6% from 2019, its first annual growth in the world’s biggest car market since 2017. After a peak of 1.08 million vehicles in 2016, Ford’s sales began faltering in late 2017. In the past three months, Ford sold 190,916 vehicles, up 30% from the same period last year. In China, Ford makes cars through Jiangling Motors Corp Ltd (JMC), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co Ltd.

Persons: Wolfgang Rattay, Ford Organizations: REUTERS, Ford Motor, Jiangling Motors Corp Ltd, Chongqing Changan Automobile Co Locations: Frankfurt, Germany, Wolfgang Rattay BEIJING, China, Chongqing

☆ A global chip shortage is hitting carmakers at the worst possible time
▼ + stars: | 2021-01-13 | by ( Hanna Ziady | Cnn Business | ) edition.cnn.com sentiment -1.00 time to read: +1 min

London (CNN Business) The world's largest carmakers are facing a critical shortage of semiconductors that threatens to hamstring production just as the industry tries to stage a comeback from a sales slump caused by the pandemic. Volkswagen VLKAF Ford F Fiat Chrysler FCAU Nissan NSANF andare among major automakers suffering from the global shortage of chips, which are used in a growing number of applications, including driver assistance systems and navigation control. Volkswagen said in a statement last month that it will need to adapt production at plants in China, North America and Europe this quarter. The changes will affect production of the bestselling VW Golf, as well as models from its Audi, Skoda and Seat brands. According to UBS analysts, the world's largest carmaker could lose out on production of 100,000 units in the first three months of the year, or roughly 4% of global quarterly output, as a result of the components shortages.

Persons: Murat Aksel, Read Organizations: London, CNN, Volkswagen, Ford, Fiat Chrysler, Nissan NSANF, VW, Audi, Skoda, UBS, Volkswagen Group Locations: China, North America, Europe

☆ Stocks making the biggest moves in the premarket: Urban Outfitters, Target, KB Home & more
▼ + stars: | 2021-01-13 | by ( Peter Schacknow | ) www.cnbc.com + 0.00 time to read: +3 min

Take a look at some of the biggest movers in the premarket:Urban Outfitters (URBN) – Urban Outfitters shares are under pressure after the apparel retailer said comparable holiday season sales fell 9%, and also announced the departure of Trish Donnelly as CEO of the Urban Outfitters Group unit. Sheila Harrington, CEO of the company's Free People Group division, will now also be in charge of the Urban Outfitters Group. The stock fell 10% in premarket trading as of 7:36 a.m. The shares rose 1% in premarket trading as of 7:36 a.m. American Tower (AMT) – The cellular tower company bought the European and Latin American telecom tower businesses of Spain's Telefonica for $9.4 billion in cash.

Persons: Trish Donnelly, Sheila Harrington, Al Kelly, Donald Trump, –, Trump's, – Ford, Walt Disney, Bausch Organizations: Urban, Urban Outfitters, Urban Outfitters Group, Free People Group, fintech, Plaid, The Justice Department, Twitter, MKM Partners, Regeneron Pharmaceuticals, YouTube, U.S . Capitol, Ford, Nielsen, Netflix, Telefonica, Bausch Health, Morgan Healthcare Conference, Ally Locations: U.S, China, American

☆ 17 TV stars who have made salaries of $1 million or more per episode
▼ + stars: | 2021-01-13 | by ( Travis Clark | ) www.businessinsider.com + 0.00 time to read: +2 min

They aren't the first TV actors to join the $1 million club. The three actresses will each make more than $1 million per episode for the 10-episode series, Variety reported on Monday. They aren't the first to join the $1 million TV club. Insider rounded up other actors who have scored $1 million or more per episode for recent TV projects. Below are 17 TV stars who have made $1 million or more an episode:

Persons: Sarah Jessica Parker, Cynthia Nixon, Kristin Davis, HBO Max, Kristin Davis —, Variety, Nicole Kidman, Reese Witherspoon, Norman Reedus, Kerry Washington, costars Melissa Rauch, Mayim Bialik, We've, Harrison Ford, Jeff Bridges, Ford Organizations: HBO, Variety, Hollywood, Hulu

☆ Tesla, GM, and Ford each have their own unique strategies for EV success — here's how they compare
▼ + stars: | 2021-01-13 | by ( Matthew Debord | ) www.businessinsider.com + 0.00 time to read: +8 min

Tesla, GM, and Ford have each made moves recently that showcase their distinctive EV strategies. In a nutshell: GM is developing an operating system for EVs, Ford is leveraging its icons, and Tesla continues to turn buzz into billions. GM, Ford, and Tesla are each attacking the EV game in different ways, with one common feature: a focus on not the much-debated competition they'll eventually have, but instead the creation of distinctive strategies. FordThe electric F-150 plant at River Rouge is just the latest instance of Ford leveraging its numerous in-house brands to support its EV efforts. FordGM, Ford, and Tesla are proof that there are multiple strategies available to attack business opportunities.

Persons: it's, Tesla, Tesla's, Mary Barra, Elon Musk, they'll, Ford, Tesla Tesla, Critics, Bill Ford, Henry Ford, they've Organizations: GM, Ford, EV, Audi, General Motors, EVs, Honda, Buick, GMC, Cadillac, Ford GM, Chrysler Locations: Rouge, Michigan, Detroit, River Rouge

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