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☆ 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

☆ Protesters hold sign and shame Sen. Bob Menendez as he shows up in court on bribery charges
▼ + stars: | 2023-09-27 | by ( Sonam Sheth | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

US Sen. Bob Menendez of New Jersey appeared in court Wednesday on criminal charges. Prosecutors allege he accepted cash and gold bricks from businessmen to help the Egyptian government. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Appearing defiant with a slight smile, the Democratic senator strode into the Manhattan federal courthouse alongside his wife, Nadine Menendez, who prosecutors allege also accepted the bribes. Menendez has denied the criminal charges, saying prosecutors "misrepresented the normal work of a Congressional office."

Persons: Sen, Bob Menendez, —, strode, Nadine Menendez, Cory Booker, Donald Trump, Wael Hana, Jose Uribe, Fred Daibes, Menendez, Menendez texted, Hana, Prosecutors Organizations: Bob Menendez of New, Protesters, Democratic, Service, Benz, Photographers, Republican, Mercedes Locations: Bob Menendez of, Bob Menendez of New Jersey, Egypt, Manhattan, New Jersey

☆ German chauffeur services company Blacklane just raised $36 million in fresh funds with this 10-slide pitch deck
▼ + stars: | 2023-09-27 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

German chauffeur services company Blacklane has raised $36 million in a Series F funding round. The Berlin-based firm, founded in 2011, was originally set up to simplify business travel through the creation of a marketplace for chauffeurs. "We could have continued to grow organically with our cash flow but we want to grow faster," he said. Blacklane has brought in the funding as part of a second close of its previously announced Series F round. The fresh funds will go towards deepening the company's existing network of products, particularly in North America, as well as in Dubai where the business has ambitions to offer premium mobility services to users in the city for functions beyond traditional chauffeur services like airport transfer.

Persons: Blacklane, Jens Wohltorf Organizations: chauffeurs, Mercedes Benz Mobility, Gargash Group Locations: Berlin, Dubai, North America

Some elected officials, including the Democratic governor of Menendez's state of New Jersey, have publicly urged him to step down. Sherrod Brown became the second Senate Democrat to call for Menendez to resign, saying in a statement: "Senator Menendez has broken the public trust and should resign from the U.S. Senator John Fetterman, a Pennsylvania Democrat, on Saturday urged Menendez to resign in a post on X, formerly known as Twitter. Senator Peter Welch also said he encouraged Menendez to resign because the allegations against him had "compromised his capacity" to be an "effective senator." Menendez, his wife Nadine Menendez and the businessmen are expected to appear in Manhattan federal court on Wednesday.

Persons: Bob Menendez, Nancy Pelosi, Menendez, Sherrod Brown, John Fetterman, Peter Welch, Robert Menendez, Nadine Menendez, Mike Segar, Karine Jean, Pierre, Andy Kim, Barack Obama's, Makini Brice, Doina, Steve Holland, Kanishka Singh, Scott Malone, Mark Porter, Matthew Lewis, Sonali Paul Organizations: Democratic, Former U.S . House, MSNBC, Republican, Foreign Relations, New, U.S, Democrat, U.S . Senate, Pennsylvania Democrat, Saturday, Democratic U.S, REUTERS, Prosecutors, Benz, New Jersey Democrat, Thomson Locations: Jersey, Menendez's, New Jersey, Former, Pennsylvania, Union City , New Jersey, U.S, Egypt, Manhattan, Cuba, Iran, Washington

☆ Booker Says Menendez Should Resign, Breaking Silence
▼ + stars: | 2023-09-26 | by ( Christopher Maag | More About Christopher Maag | ) www.nytimes.com time to read: +1 min

Senator Cory Booker called on Senator Robert Menendez, his fellow New Jersey Democrat, to resign Tuesday morning, ending days of silence after Mr. Menendez was indicted on bribery charges. As New Jersey’s junior senator, Mr. Booker often has described Mr. Menendez, the senior senator, as a friend, ally and mentor. His decision to condemn Mr. Menendez, and to join the growing chorus of state and federal officials calling on him to step down, demonstrates the deepening crisis facing a senator who until last week had occupied one of the most powerful and secure positions in American politics. “The details of the allegations against Senator Menendez are of such a nature that the faith and trust of New Jerseyans as well as those he must work with in order to be effective have been shaken to the core,” Mr. Booker said, adding: “I believe stepping down is best for those Senator Menendez has spent his life serving.”Mr. Menendez was charged on Friday with using his power as chairman of the Foreign Relations Committee to assist the government of Egypt and businessmen in New Jersey in exchange for bribes that included bars of gold bullion, a Mercedes-Benz convertible, exercise machines and more than $500,000 in cash.

Persons: Cory Booker, Robert Menendez, Menendez, Booker, Mr, ” Mr Organizations: New, New Jersey Democrat, Foreign Relations, Mercedes, Benz Locations: New Jersey, Jerseyans, Egypt

☆ Sen. Cory Booker, over dozen other Democratic senators call on Menendez to quit due to bribery indictment
▼ + stars: | 2023-09-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

U.S. Sen. Cory Booker joined a fast-growing chorus of Democrats to call on Sen. Bob Menendez, his fellow lawmaker from New Jersey, to resign because of his indictment last week on federal bribery charges. "I believe stepping down is best for those Senator Menendez has spent his life serving," Booker said in a statement on his X account. Booker called the allegations of corruption against Menendez "shocking" and "disturbing." Before Monday, Sen. John Fetterman of Pennsylvania was the only Senate Democrat to call on Menendez to resign. At least five House Democratic members from New Jersey have called on Menendez to resign.

Persons: Robert Menendez, Nadine Menendez, Sen, Cory Booker, Bob Menendez, Menendez, Booker, I've, Nadine, John Fetterman of, Sens . Booker, Michael Bennet, Amy Klobuchar, Sherrod Brown, Peter Welch, Tammy Baldwin, Jon Tester, Jacky Rosen, Bob Casey, Elizabeth Warren, Martin Heinrich, Kirsten Gillibrand, Mark Kelly, Rep, Nancy Pelosi, Phil Murphy, Chuck Schumer, Klobuchar, Casey Organizations: U.S, Democratic, Mercedes, Benz, Garden State, Democrat, Sens, California Democrat, MSNBC, Gov, Senate Foreign Relations, Banking, Finance, NBC, CNBC, Menendez's, Prosecutors Locations: Jersey, Union City , New Jersey, U.S, New Jersey, John Fetterman of Pennsylvania, California, New York

Some elected officials in his state of New Jersey, including the state's Democratic governor, have publicly urged him to step down. Menendez has stepped down temporarily from his role as chairman of the powerful Senate Foreign Relations Committee. Senate Democratic rules require any member charged with a felony to give up their leadership position, though they can take it back if they are found not guilty. The probe is the third time Menendez has been under investigation by federal prosecutors, though he has never been convicted. Menendez, his wife and the businessmen are expected to appear in Manhattan federal court on Wednesday.

Persons: Bob Menendez, Menendez, Karine Jean, Pierre, Robert Menendez, Nadine Menendez, Mike Segar, Barack Obama's, Makini Brice, Doina, Steve Holland, Scott Malone, Mark Porter Organizations: Democratic, Republican, Foreign Relations, New, U.S, White, REUTERS, Benz, Thomson Locations: Jersey, New Jersey, Union City , New Jersey, U.S, Egypt, Manhattan, Cuba, Iran

Senator Robert Menendez (D-NJ) delivers remarks, after he and his wife Nadine Menendez were indicted on bribery offenses in connection with their corrupt relationship with three New Jersey businessmen, in Union City, New Jersey, U.S., September 25, 2023. REUTERS/Mike Segar Acquire Licensing RightsWASHINGTON, Sept 25 (Reuters) - U.S. Democratic Senator Bob Menendez denied wrongdoing and vowed to stay in Congress on Monday after prosecutors charged him and his wife with taking bribes from three New Jersey businessmen. Menendez's stance defied calls from elected officials in his state of New Jersey, including the state's Democratic governor, to step down. Senate Democratic rules require any member charged with a felony to give up their leadership position, though they can take it back if they are found not guilty. Prosecutors want Menendez to forfeit assets including his home, a 2019 Mercedes-Benz convertible and $566,000 in cash, gold bars and bank account funds.

Persons: Robert Menendez, Nadine Menendez, Mike Segar, Bob Menendez, Menendez, Barack Obama's, Makini Brice, Doina, Scott Malone, Mark Porter Organizations: REUTERS, Rights, Democratic, Jersey businessmen, Republican, Foreign Relations, New, Prosecutors, Benz, Thomson Locations: Jersey, Union City , New Jersey, U.S, New Jersey, Egypt, Manhattan, Cuba, Iran

☆ Sen. Bob Menendez suggests cash found in bribery raid came from 'personal savings'
▼ + stars: | 2023-09-25 | by ( Amanda Macias | ) www.cnbc.com time to read: +2 min

WASHINGTON — Sen. Bob Menendez of New Jersey suggested Monday that the cash seized by federal investigators from his home came from his personal savings account. "I have withdrawn thousands of dollars in cash from my personal savings account, what I have kept for emergencies and because of the history of my family facing confiscation in Cuba," Menendez said during a press conference on Monday. "Now this may seem old-fashioned but these were monies drawn from my personal savings account based on the income that I have lawfully derived," he added. Menendez and his wife were indicted on federal bribery charges in New York last week. Prosecutors accused the 69-year-old Democrat and his spouse of allegedly accepting lavish bribes including, hundreds of thousands of dollars in cash, gold bars, a Mercedes-Benz car and mortgage payments.

Persons: Robert Menendez, Nadine Menendez, WASHINGTON — Sen, Bob Menendez, Menendez Organizations: Bob Menendez of New, Prosecutors, Mercedes, Benz, New Locations: Jersey, Union City , New Jersey, U.S, Bob Menendez of, Bob Menendez of New Jersey, Cuba, New York, Englewood Cliffs , New Jersey

☆ Watch: Sen. Bob Menendez speaks in New Jersey on heels of bribery indictment
▼ + stars: | 2023-09-25 | by ( Amanda Macias | ) www.cnbc.com time to read: 1 min

This stream starts at 11:30 a.m. Please refresh your browser if it does not show up. WASHINGTON — Sen. Bob Menendez of New Jersey is set to hold a press conference on Monday following mounting calls for him to resign. Menendez and his wife were indicted on federal bribery charges in New York last week. Prosecutors accused the 69-year-old Democrat and his spouse of allegedly accepting lavish bribes including, hundreds of thousands of dollars in cash, gold bars, a Mercedes-Benz car and mortgage payments.

Persons: WASHINGTON — Sen, Bob Menendez, Menendez Organizations: Bob Menendez of New, Prosecutors, Mercedes, Benz Locations: WASHINGTON, Bob Menendez of, Bob Menendez of New Jersey, New York

☆ Mercedes applies for tax relief for projects at two U.S. plants
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsCompanies Mercedes Benz Group AG FollowBERLIN, Sept 25 (Reuters) - German carmaker Mercedes-Benz (MBGn.DE) has applied for tax breaks for potential projects at two of its U.S. plants under the Inflation Reduction Act (IRA), a company spokesperson said on Monday. "We have decided to participate in the application process for production-related tax relief" under the IRA for the plants in Alabama and South Carolina, according to the spokesperson. A final decision is expected later this year or early next year, Handelsblatt reported. Mercedes did not want to comment on the production plan for the electric GLS. Reporting by Ilona Wissenbach, Writing by Miranda Murray, Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Elijah Nouvelage, Mercedes, Handelsblatt, Ilona Wissenbach, Miranda Murray, Friederike Heine Our Organizations: Benz, REUTERS, Companies Mercedes Benz Group, Thomson Locations: Woodstock , Alabama, U.S, Alabama, South Carolina, United States

☆ Gold Bullion and Halal Meat: Inside the Menendez Investigation
▼ + stars: | 2023-09-23 | by ( Nicole Hong | More About Nicole Hong | ) www.nytimes.com time to read: +1 min

It was January 2018, and Senator Robert Menendez of New Jersey had just won a huge legal victory. The future Ms. Menendez was eager to connect her influential new boyfriend with Mr. Hana’s high-level connections in the Egyptian government. Prosecutors accused Mr. Menendez, 69, of abusing his power to influence arms sales to Egypt and to attempt to interfere with criminal investigations into Mr. Hana’s web of business associates. search last year of the couple’s New Jersey home revealed some of the fruits of their scheme, prosecutors said. Inside the home were more than $100,000 worth of gold bars, some of which had unique serial numbers that traced back to Mr. Hana.

Persons: Robert Menendez, Weeks, Nadine Arslanian, Arslanian, Menendez, Wael Hana, Hana’s, Mr, Hana Organizations: Robert Menendez of New, U.S . Justice Department, Prosecutors, Benz Locations: Robert Menendez of, Robert Menendez of New Jersey, Egyptian American, New Jersey, Egypt, Jersey

"The alleged facts are so serious that they compromise the ability of Senator Menendez to effectively represent the people of our state," Murphy - who would appoint a temporary replacement for Menendez should he resign - said in a statement. "Behind the scenes, Senator Menendez was doing those things for certain people - the people that were bribing him and his wife," Williams said. A lawyer for Nadine Menendez, 56, who has been married to the senator since 2020, said she denied wrongdoing and would "vigorously defend" against the allegations in court. MENENDEZ HAS FACED OTHER PROBESThe investigation marks the third time Menendez has been investigated by federal prosecutors, although he has never been convicted. Bob and Nadine Menendez also each face one count of conspiracy to commit extortion under color of official right.

Persons: Bob Menendez, Menendez, Chuck Schumer, Joe Biden, Phil Murphy, Murphy, Prosecutors, Damian Williams, Williams, Nadine Menendez, MENENDEZ, Robert Menedez, Jonathan Ernst, Ben Cardin, Prince Mohammed bin Salman, Ted Stevens, Larry Craig, Wael Hana, Jose Uribe, Fred Daibes, Bob, Hana, Washington, Uribe, Daibes, Luc Cohen, Jonathan Stempel, Patricia Zengerle, Matt Spetalnick, Simon Lewis, Makini Brice, Andrew Goudsward, Tom Hals, Mark Porter, Daniel Wallis, Rosalba O'Brien Organizations: U.S, Jersey businessmen, U.S . Senate, Foreign, Democratic, U.S . House, Representatives, Benz, Capitol, REUTERS, Republican, U.S . Department of Agriculture, New, Menendez, Daibes, Thomson Locations: WASHINGTON, Jersey, U.S, Manhattan, Egypt, Ukraine, China . New Jersey, New Jersey, Washington , U.S, Cuban American, Cuba, Venezuela, Saudi Arabia, Alaska, Idaho, United States, Washington, New York

As the day went on after the bombshell indictment, Democrats began bailing on their legally troubled colleague. The indictment said Menendez used his position to help the business executives as well. The indictment includes cinematic, almost comical details about the payoffs Menendez is said to have accepted. Some of the cash was stashed in jackets that were embroidered with the words "Robert Menendez" or "Senator Menendez." At one point, the indictment said, Menendez did a Google search for "kilo of gold price."

Persons: Bob Menendez, Menendez, –, Donald Trump, Joe Biden's, Phil Murphy, ” Murphy, Craig Coughlin, Leroy Jones, Andy Kim, Mikie Sherrill, Tom Malinowski, Noah Bookbinder, taints Menendez, Bookbinder, ”, Trump, fundraised, Ron Filipkowski, they're, Ron DeSantis's, Lisa McCormick, Ross Baker, Murphy, Baker, Nadine Menendez, Wael Hana, Jose Uribe, Fred Daibes, Nadine, Biden, Daibes, “, Damian Williams, Robert Menendez, Uribe, Hana Organizations: GOP, Department of Justice, Republicans, Democratic Gov, New, New Jersey Democrats, Democratic, Senate, Democrats, Senate Foreign Relations, Justice, U.S, Republican, Florida Gov, Foreign, Rutgers University, Benz, Embassy, of, Department of Agriculture, Manhattan U.S Locations: New Jersey, Washington, Sarasota , Florida, Menendez's, Jersey, Florida, Tahesha, U.S, Cairo, Egypt, Southern, of New York, Manhattan

☆ Gold bars, cash, and an air purifier: The 8 alleged bribes Sen. Bob Menendez and his wife took, ranked
▼ + stars: | 2023-09-22 | by ( Jacob Shamsian | Taylor Berman | ) www.businessinsider.com time to read: +7 min

The group, prosecutors alleged in a 39-page indictment, participated in a bribery conspiracy. Air purifierThe air purifier is another item Hana allegedly purchased for the Menendezes in "early 2021," according to the indictment. Home mortgage paymentsThe indictment, rudely, points out that Nadine Menendez was unemployed when she started dating the senator, in 2018. AdvertisementAdvertisementThe businessmen allegedly arranged to give Nadine Menendez the car in early 2019, which was before they allegedly arranged her mortgage payments. Nadine Menendez allegedly took these photos of gold bars on the same day she took them to a person referred to only as "The Jeweler" in the indictment.

Persons: Sen, Bob Menendez, US Sen, Nadine Menendez, Wael Hana, Jose Uribe, Fred Daibes, Menendez, Hana —, New Jersey —, Hana, HANA, Nadine, Daibes, Cash, envelops, It's, Uribe, Nadine Menendez texted Uribe, Nadine texted, John F Organizations: Service, US, Bob Menendez of New, Prosecutors, Air, Cash, Attorney's, AP, Mercedes, Benz, Kennedy, FBI Locations: Egypt, Wall, Silicon, Manhattan, Bob Menendez of, Bob Menendez of New Jersey, New Jersey

☆ If Bob Menendez wanted to legally get rich while being a senator, he could've just written a more popular book
▼ + stars: | 2023-09-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Sen. Bob Menendez took bribes of cash, gold, and other luxury items, according to a new indictment. But there's a way more legal way to make money as a senator — just write a best-selling book! AdvertisementAdvertisementBut there's a totally legal way to make extra money — sometimes way more money than the $174,000 salary — as a sitting member of Congress. That would seem to indicate that Menendez's book wasn't exactly a cash cow for him. Perhaps if he had run for president, as many of the top book-sellers in the Senate have, he could've written another book and made more money, the legal way.

Persons: Sen, Bob Menendez, —, Menendez, hasn't, Nadine, Mercedes, It's, Democratic Sen, Raphael Warnock of, Republican Herschel Walker, Bernie Sanders, Eva Longoria, Kris Connor, Peter Eisner Organizations: Service, New, New Jersey Democrat, Benz, Democratic, Republican, Capitol, National Museum of Locations: Wall, Silicon, New Jersey, Egypt

☆ Sen. Bob Menendez is facing charges yet again — this time in the most cartoonish corruption scandal you can imagine
▼ + stars: | 2023-09-22 | by ( Rebecca Cohen | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Federal prosecutors are charging Sen. Robert Menendez in a bribery and corruption scandal. Menendez allegedly helped a trio of businessmen and Egypt in exchange for — among other things — gold bars. Menendez previously faced corruption charges in 2017, but the case was dropped. The indictment alleges that Menendez "provided sensitive US government information and took other steps that secretly aided the Government of Egypt." In exchange, prosecutors allege that Wael "Will" Hana, who helped run the company, provided Menendez's wife, Nadine Menendez, a "low-or-no-show job."

Persons: Sen, Robert Menendez, Menendez, Jersey Sen, Wael, Will, Hana, Nadine Menendez, Trump, SDNY, It's Organizations: Service, US, Office, of, Foreign Relations, EG, Inc, Prosecutors, Benz, Department of Agriculture, District of Locations: Egypt, Wall, Silicon, Jersey, Southern, of New York, New Jersey, District of New Jersey

☆ Airstream unveiled a new off-road Mercedes-Benz Sprinter camper van for nearly $200,000 as RV shipments continue to slump
▼ + stars: | 2023-09-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Airstream unveiled its newest camper van: the Interstate 19X starting at $199,940. Camper van shipments have not dipped as dramatically as travel trailers. See inside the new Mercedes-Benz Sprinter-based camper van with a bathroom, kitchen, living room, and bed. Instead, it's rugged, well-equipped, and a whopping $200,000 at a time when RV interest has dwindled fast. Anybody in the RV industry will tell you sales have looked better.

Persons: Airstream, Camper van, wasn't Organizations: Benz, Service, RV Industry Association Locations: Wall, Silicon

Senator Robert Menedez (D-NJ) walks to the Senate floor for a procedural vote at the U.S. Capitol in Washington, U.S. September 20, 2023. The investigation marks the third time Menendez has been investigated by federal prosecutors, but he has never been convicted. Prosecutors said Hana, who is originally from Egypt, arranged dinners and meetings between Menendez and Egyptian officials in 2018 at which the officials pressed Menendez on the status of U.S. military aid. Menendez at a meeting in 2018 told Hana non-public information about the status of the aid, prosecutors said. Hana then texted an Egyptian official, "The ban on small arms and ammunition to Egypt has been lifted," according to the indictment.

Persons: Robert Menedez, Jonathan Ernst, Bob Menendez, Menendez, Joe Biden, Prosecutors, Damian Williams, Nadine Menendez, Wael Hana, Jose Uribe, Fred Daibes, Uribe, Daibes, Hana, Egypt’s, Jon Corzine, Clifford Case, Luc Cohen, Jonathan Stempel, Simon Lewis, Andrew Goudsward, Tom Hals, Mark Porter Organizations: U.S, Capitol, REUTERS, New Jersey businessmen, U.S . Senate, Foreign Relations, Prosecutors, NBC, Benz, Hana, State Department, U.S . Department of Agriculture, USDA, New, Republican, Thomson Locations: Washington , U.S, WASHINGTON, New Jersey, U.S, Manhattan, Egypt, Ukraine, China, United States, Washington, New York

☆ UAW workers strike at Mercedes supplier ZF's plant in Alabama
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

Striking United Auto Workers members picket outside the Stellantis Jeep plant, in Toledo, Ohio, U.S. September 19, 2023. REUTERS/Rebecca Cook Acquire Licensing RightsSept 20 (Reuters) - The United Auto Workers (UAW) union said on Wednesday that 190 workers went on strike at Mercedes-supplier ZF's plant in Alabama, demanding higher pay and better healthcare benefits. The workers are also seeking an end to the tier system of wages, under which older employees get higher pay than newer workers for the same job. ZF, which makes front axles used by Mercedes, said the plant in Tuscaloosa would operate while talks with the union continue. UAW members are also on a separate strike at three plants operated by the Detroit Three automakers - Ford Motor (F.N), General Motors (GM.N) and Stellantis (STLAM.MI) - demanding better contracts from the companies.

Persons: Rebecca Cook, Mercedes, Mercedes Benz, Abhinav Parmar, Arun Koyyur Organizations: United Auto Workers, REUTERS, UAW, Mercedes, Detroit Three, Ford, General Motors, Thomson Locations: Toledo , Ohio, U.S, Alabama, Tuscaloosa, Bengaluru

☆ I drove fancy, six-figure electric cars from Mercedes and Lucid. Here's why I'd go with the startup over the old guard.
▼ + stars: | 2023-09-20 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

I drove the Mercedes-Benz EQS and Lucid Motors Air, two high-tech, high-performance electric sedans. Here's why I'd pick the Lucid over the Mercedes. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. On the other, you have Lucid Motors, a high-tech newcomer from Silicon Valley looking to generate some clout of its own and compete with the big dogs. I drove the two companies' large luxury sedans — the Mercedes-Benz EQS and Lucid Air — and came away impressed by their technology, comfort, and performance.

Organizations: Mercedes, Benz, Lucid Motors, Service Locations: Wall, Silicon

☆ Tim Scott and Nikki Haley attack unions as UAW strike threatens to escalate ahead of GOP debate
▼ + stars: | 2023-09-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Several Republican presidential candidates have gone on the attack against unions in response to the United Auto Workers' strike, despite strong support for organized labor among the American public. Sen. Tim Scott on Monday said striking workers should be fired, saying he would emulate President Ronald Reagan who terminated more than 11,000 striking air traffic controllers in 1981. Haley said President Joe Biden had "emboldened" the UAW by proclaiming he is the "most pro-union president in American history." The UAW strike also enjoys solid support with 54% of U.S. adults approving the work stoppage, according to a Morning Consult poll. The autoworkers strike could escalate ahead of the Republican primary debate next week at the Ronald Reagan Presidential Library in Simi Valley, California.

Persons: Sen, Tim Scott, Monday, Ronald Reagan, Scott, Nikki Haley, Mercedes, Haley, Joe Biden Organizations: Republican, United Auto Workers, GOP, Palmetto State, Mercedes Benz, Volvo, Fox News, UAW, Ronald Reagan Presidential Locations: South Carolina, Fort Dodge , Iowa, U.S, Simi Valley , California

☆ Auto jobs are booming in the union-hostile South
▼ + stars: | 2023-09-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

New York CNN —Looming over the United Auto Workers strike: Automakers’ continued migration to the anti-union South. Jobs at nonunion EV battery facilities pay less than the roughly $32 an hour that veteran UAW workers make. Since 1990, the South’s share of auto jobs has doubled from around 15% to 30% today, according to S&P Global Market Intelligence. Mostly nonunion EV jobs and manufacturing investments are surging in Southern states led by Republicans. The South has picked up 66% of planned EV jobs, while projects in Midwestern states such as Michigan, Indiana, Kansas and Ohio have combined for 26% of planned jobs, according to S&P Global.

Persons: ’, Ford, nonunion autoworkers, ”, Stephen Silvia, Southern, Mason, Honda, Deni McIntyre, unionize, “ It’s, Nelson Lichtenstein, Jeffrey Greenberg, Lichtenstein, Bill Lee, Nikki Haley, Houston Cofield, Biden, Biden’s, Shawn Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Volvo, Benz, BMW, Toyota, Hyundai, American University, Southern Gamble, Workers, Foreign, Ford, GM, Dixon, Midwest, UAW, EV, P Global Market Intelligence, Nissan, Mercedes, Volkswagen, Kia, CNN, University of California, Clinton Presidency, Universal, Southern Republican, South . Tennessee Gov, Former South Carolina Gov, Republicans, North Carolina –, Environmental Defense Fund, P Global, Ford Motor Co, SK Innovation Co, Bloomberg, Getty, Big Three Locations: New York, Detroit, Smyrna , Tennessee, Spartanburg , South Carolina, Vance , Alabama, Lincoln , Alabama, Germany, Santa Barbara, Clinton, Korean, United States, Tennessee, Kentucky, Alabama, South, Chattanooga, Southern, – Georgia, South Carolina , Kentucky, North Carolina, Midwest . Georgia, Michigan, Indiana , Kansas, Ohio, Stanton , Tennessee, BlueOval

☆ Lionel Messi: Inter Miami star exits match against Toronto FC with apparent injury
▼ + stars: | 2023-09-20 | by ( Jacob Lev | ) edition.cnn.com time to read: +1 min

CNN —Lionel Messi’s return to the pitch was short-lived after the Argentine superstar was subbed off in the 37th minute of Inter Miami’s match against Toronto FC on Wednesday at DRV PNK Stadium in Fort Lauderdale, Florida. Just a few minutes after teammate Jordi Alba was subbed off with an apparent injury, Messi appeared to be experiencing discomfort. He then took off his captain’s armband and placed it on Deandre Yedlin before exiting the match himself. Inter Miami would go on to defeat Toronto FC 4-0. Wednesday’s match marked the first time Messi has played since September 7, when he helped lead Argentina to a victory over Ecuador in a 2026 World Cup qualifying match.

Persons: Lionel Messi’s, Jordi Alba, Messi, “, Tata Martino, Alba Organizations: CNN, Argentine, Inter, Toronto FC, Wednesday, ” Inter Miami, Apple, Inter Miami, MLS, Atlanta United, Mercedes, Benz, Inter Miami’s, Orlando City SC, Houston Dynamo FC Locations: Fort Lauderdale , Florida, Argentina, Ecuador

☆ Russia's trade with the US plummets to a 3-decade low while its commerce with China surges toward a record $200 billion
▼ + stars: | 2023-09-20 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Russia's trade with the US has hit a 30-year low amid Western economic sanctions against Moscow. Meanwhile, Russia's trade with China is on track to hit an all-time high of more than $200 billion. The Eurasian nation's trade with the US plunged to a three-decade low in July, while its commerce with China is on track to hit an all-time high of more than $200 billion this year. Russia's trade with China is set to surpass the $200 billion milestone this year, according to the minister of economic development Maxim Reshetnikov, per a local Russian news outlet. However, Russia's oil and gas trade now appears to be making something of a comeback after a year of pain, thanks to a rally in global oil prices.

Persons: Vladimir Putin, Maxim Reshetnikov, Reshetnikov Organizations: Moscow, Moscow . Commerce, Service, United States Census Bureau, Motors, Ford, Mercedes, Benz, RBC Locations: Moscow ., China, Wall, Silicon, Ukraine, Russia, Moscow, Russian

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