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☆ U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
▼ + stars: | 2024-05-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.

Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America

☆ 'Our community has never had this much power': How Dearborn became the epicenter of Biden's 2024 headaches over Israel
▼ + stars: | 2024-04-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

"It might be the driving force behind the movement, but it's much bigger than Palestine," said Lexis Zeidan, another Uncommitted movement leader. Bryan MetzgerBut while the Arab American community is particularly concentrated in the Detroit area, with implications for 2024 in a closely-watched swing state, there are plenty of Arab American voters scattered in competitive states around the country. But the key to the movement's ongoing success has been coalition-building with other communities, including African American voters, young voters, and progressive Jewish voters. Organizers with the Listen to Michigan campaign following election results during a watch party in Dearborn, Michigan on February 27, 2024. After founding the Arab American Institute in Washington, DC in 1985, he and others worked in the intervening decades to build up Arab American power.

Persons: —, Abdullah Hammoud, Dearborn, it's, Joe Biden's, Bryan Metzger Layla Elabed, Abbas Alawieh, Ann Arbor, Layla, Alawieh, Biden, Nikki Haley, Donald Trump's, Trump, Rashida Tlaib, We've, Bryan Metzger, James Zogby, Andy Levin, who's, Jesse Jackson's, Jackson, Jeff Kowalsky, Hammoud, there's, – Organizations: Service, Business, Democratic, Israel . Movement, Israel, Dearborn, Muslim, Palestinian American, Arab American Institute, African American, Jewish, Arab, Getty, Arab American Institute in, what's, Michigan Muslim Locations: Dearborn , Michigan, United States, Gaza, Dearborn Heights, Hamtramck, Dearborn, Michigan, Ann, Palestine, America, Yemenis, Arab, Detroit, Florida, Virginia, Pennsylvania, AFP, Arab American Institute in Washington , DC

☆ 'Uncommitted' Democrats may dump Biden over the war in Gaza. They say it's not their fault if Trump wins.
▼ + stars: | 2024-04-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

AdvertisementFor the leading voices in the uncommitted movement, that's missing the point — and it's insulting. The "Listen to Michigan" campaign was originally conceived in a memo drafted by Waleed Shahid, a progressive strategist and former spokesman for the left-wing group Justice Democrats. "There is an entire menu of things that President Biden could do to move in the direction of discontinuing the funding of the killing," he said. What uncommitted voters are ultimately looking for is a sense of seriousness and clarity that they feel has been lacking from Biden. Uncommitted movement organizers do not seem to be taking glee in embarrassing Biden.

Persons: Joe Biden, Biden, Layla Elabed, Abbas Alawieh, Donald Trump, Mitch Landrieu, uncommitted, Trump, Abdullah Hammoud, Waleed Shahid, Jeff Kowalsky, Rashida Tlaib, —, Cori Bush, Missouri —, Elabed, Mayor Hammoud, that's, Hammoud, haven't, I've, James Zogby, We're, Alawieh, Benjamin Netanyahu's, Andy Levin, Zogby, Ronald Reagan, Menachem Begin, Seth Meyers, he's, Benjamin Netanyahu Organizations: Service, Democratic, Democratic National Convention, United Nations Relief, Works Agency, Dearborn, Biden, Movement, Michigan, Democrats, Getty, Democratic Party, Trump, Arab American Institute and, Union, UN, Democrat, Israel Locations: Gaza, Detroit, Michigan, Israel, American, United States, Dearborn, AFP, Missouri, Dearborn Heights, Hamtramck, —, Biden's, Arab, Chicago, Paterson, Rafah, Beirut, New York

James Crumbley is set to be sentenced on April 9 at 9 a.m., the judge said in court. James Crumbley was shackled and escorted out of the courtroom after the verdict was read and affirmed by each juror. Nicole Beausoleil, the mother of Madisyn Baldwin, reacts to the jury's verdict in the trial of James Crumbley on March 14, 2024. In Michigan, a parent has a legal duty and James Crumbley did not meet that duty,” she said. “James Crumbley was presented with the easiest, most glaring opportunities to prevent the deaths of these four students, and he did nothing,” McDonald said.

Persons: James Crumbley, Crumbley, Ethan Crumbley, Jennifer Crumbley, ’, Nicole Beausoleil, Madisyn Baldwin, Bill Pugliano, Hana St, Juliana, Justin Shilling, Karen McDonald, “ James Crumbley, Mariell Lehman, “, James, ”, McDonald, Robin Buckson, Jennifer Crumbley’s, Jeff Kowalsky, Ethan, ‘, Craig Shilling, Justin Shilling’s, ” Shilling, Steve St, Hana, Buck Myre, Tate Myre’s, it’s, ” Myre, we’ve, Madisyn, ” Beausoleil, James Crumbley’s, Karen, SIG Sauer, Derringer, Prosecutors, Lehman, “ James, Shawn Hopkins, Tate Myre, ” McDonald, ” Lehman Organizations: CNN, Sauer, Oxford High School, Detroit, Prosecutors, Getty, Oxford, Mental, SIG, SIG Sauer, WXYZ, Oxford High, CNN Prosecutors Locations: Michigan, Oakland, AFP, United States, Hana St, Oxford , Michigan

☆ A look into Michigan’s economic prospects as automotive jobs see a decline
▼ + stars: | 2024-02-27 | by ( Chris Isidore | Tami Luhby | ) edition.cnn.com time to read: +11 min

Jobs in the state’s auto plants, parts factories and corporate offices shrank by 35% since 1990, according to figures from the Bureau of Labor Statistics. And those jobs make up only 3.7% of the jobs in the state, roughly half what it was in 1990. Some of the auto jobs disappeared because of automation. “But it is still the cornerstone of the Southeast Michigan economy. The categories understate the importance.”But other segments of the Michigan economy now rival autos.

Persons: –, Stellantis, Jeff Kowalsky, Patrick Anderson, “ I’m, ” Anderson, Brian Peters, Peters, ” Peters, Anderson, Bill Pugliano, Gretchen Whitmer, Whitmer, there’s, ”, Monique Stanton, Stanton, ” Stanton, Matthew Hatcher, Donald Trump, Joe Biden Organizations: New, New York CNN, Republican, Democratic, Bureau of Labor Statistics, Motors, Ford, Fiat Chrysler —, GM, Fiat Chrysler, Getty, Anderson Economic Group, Michigan Center for Data, Michigan Health & Hospital Association, Health, Big, Chrysler, United Auto Workers, General Motors, North, Gov, Census, ICE, Michigan, Michigan League, Public, Missouri Economic Research, Information, Fox News, Democrats, Shoppers, Bloomberg, Washington Post, Monmouth University Locations: New York, Michigan, Mexico, Southern, Edmunds, Dearborn , Michigan, AFP, Southeast Michigan, Lansing , Michigan, North America, Marshall , Michigan, Florida, Texas, Illinois, California, Living, Somerset, Troy , Michigan

☆ Biden campaign faces its greatest test: rebuilding his 2020 coalition
▼ + stars: | 2024-02-02 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +8 min

This time around, he believes at least one thing is different: Biden can’t win through voters’ fear of Trump alone. Here in Michigan, which the president visited Thursday, rests one of the biggest tests of his campaign. Trump narrowly carried the state over Hillary Clinton in 2016 – by 10,704 votes – and four years later Biden defeated Trump by about 154,000 votes. Pro-Palestinian demonstrators gather in Warren, Michigan, on February 1, 2024, outside the venue where President Joe Biden was speaking. But, he said, the burden was on Biden and his campaign to spell out what he would do in a second term.

Persons: Charles Williams, Joe Biden, Donald Trump, Biden, Trump, ”, Williams, “, ” Williams, Jay, –, Hillary Clinton, “ He’s, Adam Abusalah, Abusalah, ” Abusalah, Biden ”, Jeff Kowalsky, Karine Jean, Pierre, Kevin Munoz, Sens, Kamala Harris, Cory Booker, Gretchen Whitmer, ” Biden, wouldn’t, Emani Williams, “ ’ Sleepy Biden ’, they’ve, ” Dante Parker, ” Parker, “ We’ve, Norman Clement, We’re, ” Clement, Biden hasn’t, Clement, “ I’m, didn’t Organizations: Detroit CNN —, Biden can’t, Historic King Solomon Baptist Church, Biden, White, Trump, Arab, Muslim, ”, Palestinian, Getty, “, CNN, Democratic, Michigan Gov, Renaissance High School, Detroit Change Locations: Detroit, Michigan, –, Wisconsin, Pennsylvania, America’s Great, Dearborn, Israel, Warren, Macomb County, United States, Warren , Michigan, AFP, Gaza

☆ 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
▼ + stars: | 2024-01-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTMary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. GM's EV sales last year totaled 75,883 units, or 2.9% of the company's overall sales. However, a vast majority of GM's EV sales were from its now-discontinued Chevrolet Bolt models. Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. General Motors CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill in Washington, April 1, 2014.

Persons: Mary Barra, Mary Barra's, Barra, She's, Tesla, Michelle Krebs, Warren Buffett's Berkshire, EVs hasn't, Frederic J, Brown, there's, Cruise, Cruise's, Jeff Kowalsky, Darryll Harrison Jr, Mary, Barra's, Dan Akerson, Dan Ammann, Mark Reuss, Steve Fecht, Stephanie Brinley, they've, Lyft, David Einhorn's, Einhorn Organizations: General Motors, New York Stock Exchange, NYSE DETROIT, Detroit, GM, Wall, U.S, EV, Cox Automotive, Warren Buffett's Berkshire Hathaway, —, Hyundai, Kia, Bolt, EVs, Cadillac, AFP, Getty, Honda Motor, Automotive Press Association, Bloomberg, Cruise, CNBC, GM Renaissance Center Global Headquarters, P Global Mobility, Apple, Google, Energy, Commerce, Capitol Locations: Los Angeles, North America, Barra, San Francisco, Detroit, Washington

☆ New US rules on Chinese batteries could push up price of electric cars
▼ + stars: | 2023-12-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —The US government has announced new regulations that aim to keep Chinese batteries out of cars sold in the United States, a move that could push up the price of electric vehicles for American drivers. China is the world’s leader in EV battery production, dominating almost “every stage of the EV battery supply chain,” according to a 2023 report by the International Energy Agency (IEA). Tesla is a longtime customer of China’s CATL, the world’s largest EV battery maker. Doubling downThe new measures add to existing efforts by Washington to redirect auto manufacturing to the United States. “Financial incentives play an important role in the widespread adoption of electric vehicles,” researchers at George Washington University found in a 2022 study.

Persons: Biden, ” John Podesta, “, John Bozzella, ”, Tesla, China’s CATL, CATL, Jeff Kowalsky Organizations: Hong Kong CNN, EV, International Energy Agency, US Treasury, Internal Revenue Service, Department of Energy, Treasury, Officials, IEA, “, Alliance, Automotive Innovation, Ford, Getty, George Washington University, ” China’s Ministry of Foreign Affairs Locations: Hong Kong, United States, China, Russia, North Korea, Iran, America, Michigan, Washington, North America, Dearborn , Michigan, AFP, Europe, Beijing

☆ Biden to Limit Chinese Role in U.S. EV Market
▼ + stars: | 2023-11-29 | by ( Andrew Duehren | ) www.wsj.com time to read: 1 min

How the government defines battery materials from a ‘foreign entity of concern’ could have sales implications for Ford Motor and other makers of electric vehicles. Photo: jeff kowalsky/Agence France-Presse/Getty ImagesThe Biden administration is expected to release tax-credit rules on Friday that could shape the American market for electric vehicles, people familiar with the matter said. The U.S. last year revamped a $7,500 tax subsidy for people who buy new EVs. One of the changes says consumers won’t be able to claim the credit if they purchase cars containing battery materials from a “foreign entity of concern.” Lawmakers included the rule in the Inflation Reduction Act to push automakers to rely less on dominant Chinese suppliers.

Persons: jeff kowalsky, Biden, won’t, ” Organizations: Ford Motor, Agence France, U.S, ” Lawmakers

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky Truck plant. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, UAW President Shawn Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation. On Thursday, a senior Ford executive said the automaker was "at the limit" of what it can spend on higher wages and benefits for the UAW.

Persons: Bill Ford, Jeff Kowalsky, Ford, Henry Ford, Shawn Fain, Jim Farley's, Fain, Farley, Harley Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, Grant McCool, David Gregorio Our Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Toyota, Honda, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, University of California Berkeley, Dearborn

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky plant. UAW President Shawn Fain replied with a statement warning Ford that the union could "close the Rouge" with a strike. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation.

Persons: Bill Ford, Jeff Kowalsky, Ford, Shawn Fain, Fain, We’ve, Henry Ford, Jim Farley, Harley Shaiken, Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, David Gregorio, Grant McCool Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Detroit Three, Anderson Economic Group, AEG, Toyota, Honda, U.S, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, American, Stellantis, East Lansing , Michigan, University of California Berkeley, Dearborn

☆ The world needs cheap electric cars. That spells trouble for Big Auto
▼ + stars: | 2023-09-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.

Persons: Henry Ford’s, carmaking, Jeff Kowalsky, ”, Gene Munster, Tesla, — Tesla, —, Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America

☆ Stellantis could close 18 facilities under UAW deal — here are the full details of its latest offer
▼ + stars: | 2023-09-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stellantis said the facility would "continue to be our North American headquarters and North America technical center." It's not guaranteed the facilities would close under a labor deal; however, Stellantis is required to include potential closures or sales of any location where a UAW member works, a company source said. Stellantis North American Chief Operating Officer Mark Stewart, who is overseeing the UAW talks, said the company needs to "modernize" the Mopar facilities. Stewart, without disclosing details of the plan, described the company's proposal for Belvidere as a "very compelling offer." The Mopar facilities that could close include Atlanta PDC; Boston PDC; Centerline Warehouse & Packaging; Chicago PDC; Marysville PDC; Milwaukee PDC; New York PDC; Orlando PDC; Sherwood PDC; and Warren PDC.

Persons: Bill Pugliano, Stellantis, Jeff Kowalsky, It's, Mark Stewart, Stewart, Rich Boyer, Michael Wayland, Sen, Bernie Sanders, Boyer Organizations: United Auto Workers, UAW, Big, Getty, DETROIT, CNBC, Belvidere Assembly, Plant, Elliott, FCA, Technology Center, Afp, North, Detroit Free Press, Detroit, General Motors, Ford Motor, Cherokee, GM, Ford, CNBC UAW, U.S, Detroit automakers, Atlanta PDC, Boston PDC, Packaging, Chicago PDC, Marysville PDC, Milwaukee PDC, New York PDC, Orlando PDC, Sherwood PDC, Warren PDC Locations: Detroit , Michigan, U.S, Illinois, Belvidere, Indiana, Trenton, Michigan, Detroit, Stellantis, Auburn Hills , Michigan, North America, Arizona, Belvidere Assembly, Belvidere , Illinois, Belvidere —, Warren, Mich, Fishkill , New York, Macon , Georgia

☆ Here's how a union strike could impact Ford — and what Jim Cramer thinks about the stock
▼ + stars: | 2023-09-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Jim Cramer's advice: He would not look to buy more Ford on weakness nor would he look to sell Ford stock at this point. Club name Ford, which employs the most UAW members at 57,000, has seen its stock drop more than 6% in the past month. The cost of the union demands for Ford could be a "meaningful chunk of their profits," Jim added but maintained that a UAW strike is "definitely not a reason to sell" Ford stock. "Production and the EV roadmap could be pushed out into 2024 and delays would be on the horizon at this crucial period for GM, Ford, and Stellantis," Wedbush analysts wrote. Jim Cramer has said the tensions between the UAW and Ford are in part keeping Ford stock from achieving the Club's price target of $16.

Persons: Jim Cramer's, Jim, Stellantis, Shawn Fain, Fain, Ford, Jim Cramer, Biden, Fain jawboning, Joe Biden, I'm, Wells, Morgan Stanley, Jeff Kowalsky Organizations: United Auto Workers, Detroit, Ford Motor, General Motors, Chrysler, Dodge, Big, Ford, UAW, GM, Workers, Labor, Detroit automaker, Deutsche Bank, Tesla, CNBC, Ford Motor Co, AFP, Getty Locations: Philadelphia, Detroit, Dearborn , Michigan

☆ Google's old guard shifts roles as the company searches for itself
▼ + stars: | 2023-08-21 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Jeff Kowalsky | Bloomberg | Getty ImagesA string of Google executives have changed their roles in the span of several months, in a shift that has sidelined many of company's remaining old guard. The changes encompass high-profile executives such as CFO Ruth Porat, YouTube CEO Susan Wojcicki, and employee No. Some say they have left their roles for a new challenge and others have left to seek opportunities in AI. While she'll still be in an advisory role at Google, she said, she wanted to "start a new chapter." Google's AI head, Jeff Dean, who's been at Google since 1999, became a chief scientist as part of the change.

Persons: Ruth Porat, Jeff Kowalsky, Susan Wojcicki, Urs Hölzle, Susan Wojcicki —, Sergey Brin, Larry Page, she'll, Robert Kyncl, David Lawee, Hölzle, Morgan Stanley, Porat, Courtenay Mencini, who've, it's, OpenAI, Sundar Pichai, Google execs, Prabhakar Raghavan, HJ Kim, Geoffrey Hinton, Demis, James Manyika, Jeff Dean, who's, It's Organizations: Inc, Michigan Central Station, Bloomberg, Getty, Google, YouTube, Warner Music Group, CapitalG, CNBC, New York Times, McKinsey, Google Research Locations: Detroit , Michigan, Silicon Valley

☆ Ford balances growth and profits in a promising quarter, keeps its stock rating
▼ + stars: | 2023-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings before interest and taxes (EBIT) increased slightly to $3.79 billion, well ahead of analysts' predictions for EBIT of $3.16 billion. With Thursday's results, management shows it is playing to win and that the fourth quarter was an outlier. Strong profitability and cash flow generation overall in the second quarter provided the much-needed offset. Quarterly commentary Ford Blue, which represents Ford's gas-powered and hybrid vehicles, delivered a strong quarter and was again profitable in every region in which it operates. By segment, Ford expects Ford Blue to deliver full year EBIT of "about $8 billion," up from about $7 billion, and Ford Pro's EBIT to be "approaching $8 billion," up from $6 billion.

Persons: Jim Farley, we've, Farley, we're, Ford, Ford Pro's, Jim Cramer's, Jim Cramer, Jim, Jeff Kowalsky Organizations: Ford, Refinitiv, Management, Ford Model, Ford Pro, CNBC, Electric Vehicle, AFP, Getty Locations: North America, Europe, EBIT, Dearborn , Michigan

☆ The Gas-Guzzler Business is Still Trucking
▼ + stars: | 2023-05-03 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

A Ford F-150 under production at the company’s plant in Dearborn, Michigan. Photo: jeff kowalsky/Agence France-Presse/Getty ImagesDetroit has a rocky road ahead, but it also has cash to navigate it. First-quarter results from General Motors, Ford and Chrysler-owner Stellantis beat expectations across the board, but investors weren’t impressed. They are more focused on Tesla ’s price war in electric vehicles and the U.S. Federal Reserve’s rate increases, which are pushing up consumers’ monthly vehicle payments.

☆ Ford doubles down on EVs, while Wall Street looks to Disney for answers. Here's our take on these Club stocks
▼ + stars: | 2023-04-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Walt Disney (DIS) is facing skepticism from Wall Street over its streaming strategy and softer growth at its parks, while Ford Motor (F) is expanding its electric vehicle production. Disney currently owns a 66% stake in Hulu, while its other streaming platforms include Disney+ and ESPN+. Ford Motor The news: Club holding Ford on Tuesday announced a $1.3 billion investment in its Oakville assembly plant in Ontario, Canada. F 1Y mountain Ford (F) one-year performance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Iowa's GOP AG has stopped funding for emergency contraception and abortion for victims of sexual assault, say reports
▼ + stars: | 2023-04-09 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

The Iowa AG Office has paused funding emergency contraception and abortion for victims of sexual assault. The Iowa decison comes as abortion access across the US may become even more inaccessible. Under Iowa's previous Democrat attorney general, Tom Miller, the state provided funding for Plan B – the emergency contraceptive pill – and in rare cases, paid for abortions. However, it was announced on Saturday that Republican Attorney General Brenna Bird, elected last fall, had decided to pause the funding. JEFF KOWALSKY/AFP via Getty ImagesThe move comes as abortion access across the US may become even more inaccessible.

☆ Death of Tyre Nichols revives calls in Congress for policing reforms
▼ + stars: | 2023-01-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Protesters rally against the fatal police assault of Tyre Nichols, outside of the Coleman A. Five Memphis officers, also all Black, were charged with second-degree murder in the beating of Tyre Nichols, who died in hospital on January 10 three days after being stopped on suspicion of reckless driving. Durbin added that he would not rule out a federal investigation into the entire Memphis Police Department following Nichols' death. Some policing reforms were already in place in Memphis at the time of Nichols' death, including a requirement for officers to de-escalate situations where they saw others using excessive force. "Just as much those officers are responsible for the death of Tyre Nichols, so is the implicit bias police culture that exists in America," Crump told ABC's "This Week."

☆ After baby formula problems, Abbott Laboratories under DOJ investigation
▼ + stars: | 2023-01-21 | by ( Laura Strickler | Laura Strickler Is A Senior Investigative Producer | Reporter For Nbc News. She Is Based In Washington. | ) www.nbcnews.com time to read: +2 min

Abbott Laboratories is under investigation by the U.S. Department of Justice, the company confirmed Friday, almost a year after it shut down a Michigan baby-formula plant after illnesses were reported. Abbott did not specify what aspect of the company is under Justice Department scrutiny. “DOJ has informed us of its investigation and we’re cooperating fully,” an Abbott spokesperson said in a statement to NBC News. The Abbott manufacturing facility in Sturgis, Mich., on May 13, 2022. Abbott voluntarily shut down production at its Sturgis infant formula manufacturing plant on Feb. 17, 2022, after infants who consumed formula made at the plant became sick.

☆ Midterm elections live updates: Pennsylvania races, New Hampshire Senate race too early to call
▼ + stars: | 2022-11-09 | by ( Brandy Zadrozny | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | ) www.nbcnews.com time to read: +109 min

Share this -Link copiedWisconsin Senate and governor's races too early to call It is too early to call the Senate and gubernatorial races in Wisconsin, according to NBC News. Share this -Link copiedNew Hampshire Senate race too early to call The Senate race in New Hampshire is too early to call, according to NBC News. Share this -Link copiedPennsylvania Senate and governor races are too early to call After polls closed at 8 p.m. While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. According to the poll, 46% of voters said their family’s financial situation is worse than it was two years ago. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

By the end of Election Day, approximately 21,000 total interviews will be conducted. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

☆ Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees
▼ + stars: | 2022-10-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

- Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges. Stellantis -- created by the merger of France's PSA and US-Italian rival Fiat Chrysler -- is the world's fourth-biggest automaker by volume. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)DETROIT – Jeep and Chrysler parent company Stellantis is offering buyouts to some of its 13,000 U.S. salaried employees, as the automaker attempts to cut jobs and realign its workforce for electric vehicles and software services. A Stellantis spokeswoman declined to say how many domestic salaried employees are eligible for the program, or whether the automaker has a target for how many workers it would like to take the packages. The automaker, which was formed by the merger of Fiat Chrysler and France-based Groupe PSA in January 2021, offered similar buyouts a year ago to pension-eligible employees.

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