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☆ Who Is Nadine Arslanian, Bob Menendez's Wife Indicted in a Bribery Scandal?
▼ + stars: | 2023-10-11 | by ( Michelle Mark | Katherine Long | ) www.businessinsider.com time to read: +17 min

Sen. Bob Menendez and his wife Nadine Arslanian arrive at federal court following an indictment on corruption charges. Still, even prior to Menendez and federal indictment, Arslanian brushed up against fame and scandal. Arslanian "liked nice things," Anton told Insider. The longtime friend, who asked not to be identified by name, told Insider that Arslanian was conscious of her looks. AdvertisementAdvertisement"We felt that it was a very one-sided investigation," Koop's sister, Rosemarie Koop-Angelicola, told Insider.

Persons: Nadine Arslanian, Richard Koop, Robert Menendez, Arslanian texted Menendez, Sen, Bob Menendez, Brendan McDermid, Menendez's, Arslanian, Menendez, Chris Christie, Doug Anton, Kim DePaola, Kelly, Anton, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Nadine Tabourian, Raffi Arslanian, Sabine, André, Arslanian's, Last, Marco Tacca, Anton's, Koop, —, Narendra Modi, Stefani Reynolds, Bono, — Menendez, Taj, Robert, Nadine, Menendez cradling Arslanian, they've, Koop's, Rosemarie Koop, Angelicola, she's, Wael Hana, Douglas Anton, Jose Uribe, Uribe, Fred Daibes, Bob, Nadine wasn't, Aaron Short Organizations: New Jersey IHOP, Benz, Reuters, Democratic Party, Prosecutors, longtime Garden, Arslanian's, Real Housewives of New, Attorney, Greek, White House, New York University, New York Times, Housewives of, Indian, Getty, Lincoln, Police, Senate Foreign Relations, Strategic, Business Consultants, Strategic International Business Consultants, Hana, Department of Justice Locations: New Jersey, Bogota , New Jersey, Englewood Cliffs, Real Housewives of New Jersey, Beirut, Lebanon, United States, Bergen, Jersey, Cernobbio, Italy, AFP, Bergen County, Union City, Queens, Arslanian's Englewood, Washington, DC, Bogota, Egypt, Arslanian, Egyptian, Englewood

☆ The 20 companies students in tech around the world most want to work for
▼ + stars: | 2023-10-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Universum published its World's Most Attractive Employers report on Wednesday. This annual report included where global IT students really want to work. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIT students are highly interested in working for Google, based on responses of college and university students from several countries. AdvertisementAdvertisementBelow are the top 20 employers among responses from IT students.

Persons: Universum, —, Goldman Sachs Organizations: Siemens, Google, Service, Sony, Mercedes, Benz Group, Accenture Locations: Universum, Canada, Germany

☆ Worried about the volatile market? Analysts love these 10 global stocks with safe and high dividends
▼ + stars: | 2023-10-11 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Some analysts recommend buying dividend stocks as a way around it. Morgan Stanley equity strategist Mike Wilson said in an Oct. 9 report that high-dividend stocks are one way investors can navigate the uncertainty. Automaker Stellantis boasted the highest dividend yield of the lot, offering around 10%, with a decent 76% buy rating from analysts, who gave it 28% potential upside. Other automakers that made the cut include Mercedes-Benz , which offered the next highest dividend yield at 8.5%, and Hyundai Motor . Prominent investor Oakmark Funds' Bill Nygren said this week that energy stocks deserve a place in the portfolio , especially when the market is especially volatile.

Persons: Morgan Stanley, Mike Wilson, Oakmark, Bill Nygren, Yun Li, Michael Bloom Organizations: BMO, CNBC Pro, Energy, Stellantis, Benz, Hyundai Motor, Hyundai, ConocoPhillips, Diamondback Energy Locations: Israel

☆ I drove a $400,000 Rolls-Royce and a $140,000 Mercedes and found what the extra $260,000 gets you
▼ + stars: | 2023-10-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

Is a $400,000 Rolls-Royce really that much better than a $140,000 Mercedes? I drove both luxury cars to find out. The Mercedes S-Class sedan is nice — but the Rolls-Royce Ghost is even more comfortable and luxurious. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I recently got behind the wheel of a Rolls-Royce Ghost (worth about $400,000) and a Mercedes S-Class sedan (MSRP: $139,900) — and learned firsthand the difference between automotive opulence and regular old luxury.

Persons: Royce, Mercedes, — Organizations: Service, Royce, Benz

☆ Daimler Truck premieres new eActros 600 in step towards all-electric shift
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 10 (Reuters) - Mercedes-Benz Trucks, the European division of commercial vehicle maker Daimler Truck (DTGGe.DE), premiered its battery-electric long-haul truck eActros 600 on Tuesday, with series production planned for the end of 2024. It will be produced on Mercedes-Benz Trucks' existing assembly line in Woerth am Rhein, Germany, in parallel to diesel vehicles. The company is currently building a fleet of around 50 prototype vehicles to be tested with customers, it said. The eActros 600 purchase price is 2.5 times its diesel equivalent. Reporting by Ilona Wissenbach, Victoria Waldersee Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Daimler Trucks, Ilona Wissenbach, Miranda Murray Organizations: Benz, Daimler, Mercedes, Victoria, Thomson Locations: Woerth, Rhein, Germany, Europe

☆ China market hard going for BMW and Mercedes in third quarter
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Mercedes-Benz's supply issues affected its global sales, which fell 4% year-on-year in July-September, although the company said it was still on track to meet its full-year guidance for flat sales growth. BMW fared better, reporting a 5.8% rise in its global retail sales to 621,699 vehicles in July-September, but said retail sales in China of BMW and Mini models dropped 1.8%. BMW said that year-to-date sales in China were up 1.7% despite the drag on sales in the third quarter, while Mercedes-Benz nine-month wholesale figures in the country were at the previous year's level. It does not disclose detailed retailed sales but a spokesperson said they were positive in the third quarter and on a nine-month basis. BMW said its global retail sales were up 5.1% so far this year.

Persons: Leonhard Simon, carmakers Mercedes, Mercedes, Carmakers, Benz, Victoria Waldersee, Miranda Murray, Friederike Heine, Susan Fenton Organizations: Mercedes, Benz, REUTERS, Rights, BMW, GLC, Thomson Locations: German, Munich, Germany, China

☆ Mercedes-Benz electric trucks will be very competitive, CEO says
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes-Benz electric trucks will be very competitive, CEO saysMercedes-Benz Trucks CEO Karin Rådström discusses the outlook for the company's new electric vehicles.

Persons: Karin Rådström Organizations: Mercedes, Benz

☆ Police dashcam footage from a fatal car crash involving Sen. Bob Menendez's wife appears to show a retired police chief speaking to cops on her behalf
▼ + stars: | 2023-10-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Sen. Bob Menendez's wife fatally struck a man with her car in December 2018. A retired police chief can be heard on police video asking other officers about the crash. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Several sources told NBC that investigators from the attorney general's office wanted to know who asked the retired police chief to come to the crash scene.

Persons: Sen, Bob Menendez's, —, Bob Menendez, Mercedes, Nadine Menendez, Nadine Arslanian, Richard Koop, Arslanian, Koop, Menendez, Matt Platkin's Organizations: Service, Benz, New, Police, Associated Press, NBC Locations: New Jersey

☆ Desmond Tutu's modest car reminds South Africans of his values
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Archbishop Desmond Tutu laughs as crowds gather to celebrate his birthday by unveiling an arch in his honour outside St George's Cathedral in Cape Town, South Africa, October 7, 2017. REUTERS/Mike Hutchings/File Photo Acquire Licensing RightsCAPE TOWN, Oct 7 (Reuters) - South Africa's anti-apartheid hero Desmond Tutu could have chosen practically any car in the world when billionaire Warren Buffett offered to buy him a vehicle. The Desmond Tutu Intellectual Property Trust, which manages his legacy, has put the old car on show along with his books and possessions in honour of Tutu's 92nd birthday, which he would have celebrated on Saturday. The car, displayed in Cape Town, the city where the archbishop lived for most of his later life, became a symbol of Tutu's values. Desmond Mpilo Tutu, awarded the Nobel Peace Prize in 1984 for his non-violent opposition to white minority rule, died in 2021.

Persons: Desmond Tutu, Mike Hutchings, Warren Buffett, Mercedes Benz, Tutu's, Mamphela Ramphele, Tutu, Ramphele, Nelson Mandela, Desmond Mpilo Tutu, Esa Alexander, Anait Miridzhanian, Andrew Heavens Organizations: REUTERS, Toyota Corolla, Trust, Reuters, Thomson Locations: St George's Cathedral, Cape Town , South Africa, Cape Town, Africa

In a few cases, according to NHTSA, ARC air bag inflators could be blocked by small pieces of debris, stopping the gases from escaping as they should. In May 2023, General Motors recalled 1 million GM vehicles with the air bags. NHTSA estimated the risk of one of these inflators rupturing at one in every 370,000 air bag deployments. But officials said the only way to know if an air bag has the defect is for it to actually rupture. NHTSA and various automakers are still working to get vehicle owners to replace all the air bags involved in that recall.

Persons: Jacob Tarvis, Marlene Beaudoin, Tarvis, inflators, Kia Optima, General Motors, ”, Donna Glassbrenner, Steve Gold, Gold, “, — Ford Organizations: CNN, Traffic Safety Administration, ARC Automotive, Delphi Automotive Systems, NHTSA, ARC, Chrysler Town &, General, GM, BMW, Fiat Chrysler Automobiles —, Hyundai, Kia, Benz, Porsche, Tesla, Toyota, Volkswagen Locations: United States, Canada, Turkey, Traverse

☆ Hyundai and Kia are the latest to switch to Tesla EV charging
▼ + stars: | 2023-10-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

In 2025, Hyundai will begin providing adapters to owners of older Hyundai models with the Combined Charging System ports their EVs are currently built with. The three South Korean automakers are all part of Hyundai Motor Group, although Hyundai and Kia operate as separate companies in the United States. A major stepThis marks an especially significant development for the Tesla charging system. Counted together, Hyundai, Kia and Genesis would be the second-best-selling EV manufacturer in the United States after Tesla, according to figures from Kelley Blue Book. Having more automakers and charging companies using its standard has been seen as a win for Tesla.

Persons: Tesla, Kelley, Elon Musk Organizations: New, New York CNN, South, Kia, Hyundai, Ford, General Motors, Mercedes, Benz, Nissan, Honda, Hyundai Motor Group, Kona, Niro, Genesis, GM, EV, CCS, Tesla Locations: New York, United States

☆ A mystery owner has just put a collection of 56 Porsches up for auction — and they're all white
▼ + stars: | 2023-10-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Auction house RM Sotheby's did not disclose the collection's mystery owner. AdvertisementAdvertisementA rare collection of 56 white Porsches is heading to the auction block. Named "The White Collection," the car collector's unusual trove was announced by auction house RM Sotheby's on Tuesday. RM Sotheby's is delighted to announce The White Collection: a collection of nearly 60 rare Porsche sports cars, entirely in white. https://t.co/Mmt5dL5Jep pic.twitter.com/Yh9UxWdiec — RM Sotheby's (@rmsothebys) October 2, 2023The collection "represents over a decade of dedicated collecting by one perfection-focused owner," RM Sotheby's said.

Persons: —, Mmt5dL5Jep, Sotheby's, Barron's, Ferrari, Andreas Birner Organizations: Service, Porsche, Prix, Carrera, Sotheby's, Benz, Guinness, World Records Locations: Houston , Texas

☆ Sen. Bob Menendez's wife, Nadine Arslanian, racked up traffic violations – including using her phone while driving — before she struck and killed a pedestrian in 2018
▼ + stars: | 2023-10-05 | by ( Katherine Long | ) www.businessinsider.com time to read: +2 min

Nadine Arslanian married Bob Menendez in 2020, two years after she struck and killed a pedestrian. Records show that she has a history of traffic infractions, including using a phone while driving. AdvertisementAdvertisementNadine Arslanian, the wife of embattled New Jersey senator Bob Menendez , has a history of traffic violations stretching beyond a fatal 2018 crash in which she struck and killed a pedestrian, municipal records show, including two citations for using her phone while driving. Arslanian seems to have been something of a fixture in New Jersey traffic courts, racking up six tickets between 2005 and 2018 for violations, including using a phone while driving, ignoring traffic signs, and failing to maintain her headlamps. AdvertisementAdvertisementArslanian received another ticket for using her phone while driving in 2021, three years after she killed Koop, municipal records show.

Persons: Nadine Arslanian, Bob Menendez, —, Arslanian, Richard Koop, Mercedes, Menendez, Matt Friedman, Koop, Doug Anton, Kelly, Wael Hana, Mendendez's Organizations: Records, Service, Benz, Police, Politico, BMW Locations: New Jersey, Egyptian

☆ Sen. Bob Menendez's current wife killed a man while driving in New Jersey in 2018, records show. Body camera footage shows her telling police she 'didn't do anything wrong.'
▼ + stars: | 2023-10-04 | by ( Rebecca Cohen | John L. Dorman | ) www.businessinsider.com time to read: +2 min

Nadine Arslanian hit a man who was jaywalking, NorthJersey.com reported, citing a police report. Now Arslanian Menendez, she was never charged in the case, the local paper reported. AdvertisementAdvertisementNadine Arslanian was involved in a fatal car accident in December 2018, NorthJersey.com reported on Wednesday. A police report said Arslanian struck and killed a man while driving her Mercedes-Benz on Main Street in Bogota, New Jersey, on December 12, 2018, the local paper reported. NorthJersey.com reported that she asked why Koop was in the road in the first place and then said that she "didn't do anything wrong."

Persons: Sen, Bob Menendez's, Nadine Arslanian, NorthJersey.com, Arslanian Menendez, —, Arslanian, Bob Menendez, Menendez, Richard Koop, Koop Organizations: Service, Mercedes, Benz, Bogota Police Department, Senate, The New York Times, Name Medical Locations: Bogota , New Jersey, Bogota, New Jersey

☆ Sen. Bob Menendez's wife Nadine Arslanian's fatal crash in Bogota, New Jersey, seen in newly-released video
▼ + stars: | 2023-10-04 | by ( Erin Snodgrass | Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Footage obtained by News 12 New Jersey shows the fatal crash involving Nadine Arslanian and a pedestrian. Arslanian, who is now married to Sen. Bob Menendez of New Jersey, was not charged in the incident. AdvertisementAdvertisementNewly released footage shows the moment Sen. Bob Menendez's now-wife Nadine Arslanian fatally hit a pedestrian in her Mercedes-Benz on a New Jersey street in December 2018. JUST IN: News 12 New Jersey has obtained security video from a 2018 incident where Sen. Menendez's wife Nadine Arslanian struck and killed a pedestrian. The security footage shows a car barreling into a person who appears to be standing in the street.

Persons: Nadine Arslanian, Sen, Bob Menendez, —, Bob Menendez's, Menendez's, VoyQH7weel, Arslanian, Menendez, Richard Koop Organizations: Bob Menendez of New, Service, Mercedes, Benz, New, Bogota Police Department, Prosecutors Locations: Jersey, Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Bogota, Bergen County , New Jersey

☆ Buying a luxury car? Your gas and EV options cost about the same. Otherwise, expect to pay nearly $16,000 more to go electric.
▼ + stars: | 2023-10-04 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Premium electric vehicles now cost nearly the same as premium gas-powered cars, JD Power says. But mass market EVs are still significantly more expensive than their mass market gas counterparts. A new JD Power report says "relative affordability" is a key part of EV adoption assessments. (JD Power did note that once Ford started passing through the full federal tax credit of $7,500 to Mach-E lessees, leasing costs came down.) Overall, mass-market EVs cost $16,000 more than their gas-market counterparts.

Persons: JD Power, —, Power, Mercedes, Ford, EVs, Kelley Organizations: JD, Service, Mercedes, Benz, Ford, Power, ICE, Chevrolet

☆ Companies want to spend more on AI to defeat hackers, but there's a catch
▼ + stars: | 2023-10-03 | by ( Rachel Curry | ) www.cnbc.com time to read: +4 min

And there is risk that as AI speeds the development of software, new iterations will roll out so quickly that flaws may be missed. Less panic, more preparednessExperts view cloud migrations and AI as the two biggest threats to an organization's cybersecurity right now. "Every company is going to have to be concerned about how well they're protecting their assets and information as they move to the cloud," Casey said. Casey also recognizes that developers are creating software faster with AI. "If we're developing software faster, we're introducing vulnerabilities faster.

Persons: Mike Scott, CISO, Scott, Andrew Casey, Casey, I've, that's, CISOs, they've Organizations: IBM, Benz, ADP

[1/2]Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Workers went on strike on Sept. 15 at one plant each from GM, Ford and Stellantis. The union escalated on Sept. 22, when workers walked off the job at GM and Stellantis distribution facilities in 20 states nationwide. UAW workers also are threatening to walk off the job at heavy truck maker Mack Trucks on Sunday, and at three Detroit casinos. A UAW strike has shut down a plant that builds axles for Mercedes-Benz's Alabama vehicle factory.

Persons: Shawn Fain, Fain, Stellantis, Mary Barra, Jim Farley, Farley, Joe Biden, Barra, Sam Fiorani, Ford, Nalio Chery, Arthur Wheaton, Mack Trucks, David Shepardson, Joseph White, Ben Klayman, Abhirup Roy, Bianca Flowers, Shivansh, Abhijith G, Peter Henderson, Nick Zieminski, David Gregorio, Jonathan Oatis Organizations: UAW, Lansing , Michigan Ford, GM, Ford, United Auto Workers, Detroit, Chrysler, Mack Trucks, AutoForecast Solutions, Ford Michigan Assembly Plant, REUTERS, Workers, Ford Explorer, Lincoln Aviator, Traverse, Buick, Marshall, Cornell University, Mercedes, Reuters, Thomson Locations: Chicago, Lansing , Michigan, DETROIT, Barra, Detroit, Wayne , Michigan, U.S, Dieu, Lansing, Michigan, Marshall , Michigan, Alabama

“I don’t know why Jim Farley is lying about the state of negotiations," Fain said in a statement responding to the Ford CEO. The UAW wants those workers represented by the union and paid the highest-tier wages. Workers went on strike on Sept. 15 at one plant each from GM, Ford and Stellantis. UAW workers are threatening to walk off the job at heavy truck maker Mack Trucks on Sunday, and at three Detroit casinos. A UAW strike has shut down a plant that builds axles for Mercedes-Benz's Alabama vehicle factory.

Persons: Jim Farley, Shawn Fain, Stellantis, Fain, Sam Fiorani, Joe Biden, Ford, Farley, Arthur Wheaton, Mack Trucks, Silverados, David Shepardson, Joseph White, Ben Klayman, Abhirup Roy, Bianca Flowers, Shivansh, Abhijith G, Peter Henderson, Nick Zieminski, David Gregorio, Jonathan Oatis Organizations: UAW, Lansing , Michigan Ford, Ford, United Auto Workers, Detroit, Chrysler, Mack Trucks, AutoForecast Solutions, Workers, Ford Explorer, Lincoln Aviator, Traverse, Buick, Marshall, General Motors, GM, Cornell University, Mercedes, Reuters, Thomson Locations: Chicago, Lansing , Michigan, DETROIT, U.S, Detroit, Lansing, Michigan, Marshall , Michigan, Alabama

☆ Mercedes-Benz Introduces Hands-Free Driving. How Does It Compare to Tesla?
▼ + stars: | 2023-09-29 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/lifestyle/cars/mercedes-benz-hands-free-drive-pilot-review-tesla-comparison-ede47ac7

Persons: Dow Jones Organizations: benz

☆ 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

☆ Morning Bid: Spiky quarter ends in uneasy market calm
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. At 4.53% on Friday, the 10-year benchmark was some 15 basis points off Thursday's peak and two-year yields fell back to their lowest since Sept. 18. Some optimism from Beijing about a possible year-end summit between President Xi Jinping and U.S. President Joe Biden helped. Key developments that should provide more direction to U.S. markets later on Friday:* US August PCE inflation gauge, personal income and spending. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Thursday's, Xi Jinping, Joe Biden, Lifeng, Federal Reserve's, Jerome Powell, Thomas Barkin, it's, Kathleen O'Neill Paese, John Williams, Toby Chopra Organizations: New York Stock Exchange, REUTERS, Treasury, Organization of, Petroleum, Wall Street Journal, Federal, Fed, Richmond Fed, Nike, HK, Reuters, Mercedes, Benz, Chicago, University of, Louis Federal Reserve, New York Fed, U.S, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, Beijing, China, Washington, Hong Kong, Nio

☆ Menendez to address Senate Democrats as most of them urge he resign after bribery charges
▼ + stars: | 2023-09-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Senator Bob Menendez and his wife Nadine Menendez (not seen) depart a Manhattan court after they were arraigned on federal bribery charges in New York, September 27, 2023. Sen. Bob Menendez of New Jersey plans to speak privately Thursday to fellow Senate Democrats as more than half of their 51-member caucus has called for his resignation over bribery allegations. Majority Leader Chuck Schumer of New York has yet to ask Menendez to quit. But Schumer told reporters Wednesday, "We'll see what happens after" Menendez speaks to the caucus at a closed-door lunch on Capitol Hill. Menendez, 69, last week was charged with conspiracy to commit bribery and other charges with his wife, Nadine, and three New Jersey businessmen.

Persons: Bob Menendez, Nadine Menendez, Sen, Chuck Schumer, Menendez, Schumer, John Fetterman of, Nadine, Bernie Sanders, Menedez, Dick Durbin of, Debbie Stabenow of, Patty Murray Organizations: Bob Menendez of New, Democrat, Jersey businessmen, Prosecutors, Benz, Democratic, Dick Durbin of Illinois, Pro Tempore Locations: Manhattan, New York, Bob Menendez of, Bob Menendez of New Jersey, York, John Fetterman of Pennsylvania, Jersey, Vermont, Debbie Stabenow of Michigan

☆ Trump is attacking electric vehicles. Automakers already bet their future on them
▼ + stars: | 2023-09-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Legacy automakers are pivoting to electric vehicles in response to expected strong consumer demand, tougher environmental regulations both from US states and foreign countries, and a push from Wall Street. Electric vehicles have outpaced growth of traditional internal combustion engine (ICE) cars in recent years. But automakers bucked Trump and agreed to meet tougher standards set by California rather than the Trump administration’s rules. At a Detroit battery plant Wednesday, Trump said America didn’t need what the factory produced“This plant, we just walked through this plant and the electric vehicles are gonna put [automakers] out of business,” Trump said. Trump’s proposals could undermine US companies’ EV investments and hand over control of an increasingly EV future to foreign manufacturers.

Persons: Donald Trump, Donald Trump’s, “ don’t, Trump, ’, ”, Barry Rabe, EVs, Brian Kemp, Ford, Rabe, Biden’s, Tesla, Jon McNeill, McNeill, ” McNeill, EVs Trump, bucked Trump, ” Trump, “, Biden, Rishi Sunak, Lisa Brankin Organizations: New, New York CNN, Detroit, Cox Automotive, Biden, Environmental Protection Agency, University of Michigan, Hyundai, Kia, EV upstarts, Republican Gov, Environmental Defense Fund, Nissan, Mercedes, Benz, Wall, Investors, ICE, General Motors, GM, Biden’s EV, Legacy, DVx Ventures, Tesla, Obama, Trump, America, ” Ford, Fiat, Peugeot Locations: New York, Georgia, South Carolina, Alabama, United States, California, Detroit, Michigan, China

☆ Exclusive: China's Nio explores investment, tech alliances with Mercedes - sources
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt

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