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DETROIT (AP) — The family foundation of NBA team owner Dan Gilbert will give nearly $375 million for a 72-bed rehabilitation center for stroke patients in Detroit and a research institute that will focus on a genetic disease that afflicted his son, officials announced Wednesday. Gilbert, the billionaire owner of the Cleveland Cavaliers and founder of Detroit-based Rocket Companies, had a stroke in 2019 and received extensive care in Chicago. He said his foundation would create a $10 million fund to help low-income residents who get care at the new Detroit rehab center. Gilbert's foundation is also creating the Nick Gilbert Neurofibromatosis Research Institute with Henry Ford Health and Michigan State University. "Today, we double down on our commitment and honor Nick’s passion for a future without neurofibromatosis,” his mother, Jennifer Gilbert, said.

Persons: Dan Gilbert, Gilbert, “ I’m, Shirley Ryan AbilityLab, Henry Ford, Nick Gilbert, ”, Jennifer Gilbert Organizations: DETROIT, NBA, Cleveland Cavaliers, Detroit, Companies, Henry, Henry Ford Health, Nick Gilbert Neurofibromatosis Research, Michigan State University Locations: Detroit, Chicago

☆ Ford CEO says Tesla is having a Model T moment — it's Elon Musk's 'next big test'
▼ + stars: | 2023-07-28 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley said Tesla's price cuts are reminiscent of Ford's Model T days. Where Tesla sits right now reminds Ford CEO Jim Farley a lot of the early days of his own auto company. "They got through Model 3 and Model Y commercialization in the plant and scaling production. Ford and Tesla have been both friends and rivals over the past few years as Ford races to electrify and snatch up some of Tesla's market share. I've always said that our main competition in the pure electric space is going to be BYD and Geely and Tesla," Farley said.

Persons: Jim Farley, Farley, Elon Musk, Tesla, Robert Llewellyn, Henry Ford, Ford, We've, I've, It's Organizations: Ford, EV, Tesla, GM, Volkswagen, Motors, BMW

☆ Musician Jack White, a one-time Elon Musk acolyte, is auctioning his Tesla after slamming Musk's 'disgusting' approach to running Twitter and unbanning Trump
▼ + stars: | 2023-07-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Jack White is auctioning off his Tesla Model S, with the top bid currently $31,500. The White Stripes' singer used to be a fan of Elon Musk, performing a free concert for Tesla workers. But then he slammed Musk's decision to restore Donald Trump's Twitter account. Jack White is getting rid of his Tesla Model S, months after he slammed Elon Musk's revival of Donald Trump's Twitter account. At $31,500 with four days remaining, White's Tesla looks set to be the most expensive item.

Persons: Jack White, Elon Musk, Donald Trump's, Elon, Tesla, White, Henry Ford, Musk Organizations: Tesla, Stripes, Donald Trump's Twitter, Records, Twitter Locations: Tennessee, Fremont , California

☆ Opinion | America Can’t Build a Green Economy Without China
▼ + stars: | 2023-07-17 | by ( Robinson Meyer | ) www.nytimes.com time to read: +1 min

Ford’s River Rouge plant, then the world’s largest factory, ultimately inspired facilities by Renault, Volkswagen, Toyota and the Russian automaker Gaz. China learned to master the solar, battery and electric vehicle industries through the 2010s, while the United States was debating whether to pass clean-energy policy — and even whether climate change existed at all. With the Inflation Reduction Act, the United States now has an opportunity to become more competitive, and nothing gets lawmakers from across the political spectrum pumped up faster than the prospect of crushing China. But the United States cannot build a competitive renewable or electric vehicle industry from scratch. The history of innovation — and of the modern world, frankly — shows that American engineers will progress in these industries only when they can work with their Chinese counterparts.

Persons: Henry Ford, weren’t Organizations: Renault, Volkswagen, Toyota Locations: France, Japan, Germany, Soviet, Detroit, Rouge, Russian, Weimar, America, China, United States

☆ Why Sunscreen Is the Only Anti-Aging Product You Need
▼ + stars: | 2023-07-15 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +3 min

Von Schuckmann said the jury is still out: “We certainly have studies to show that sunscreen used on a daily basis reduces skin aging. There are two types of sunscreen ingredients: mineral and chemical. In general, sunscreens are more effective at stopping the shorter UVB rays than the longer UVA rays. Sun protection factor, or SPF, only refers to how well the sunscreen prevents a sunburn, meaning how well it blocks UVB. When it comes to choosing the best sunscreen to prevent signs of aging, Dr.

Persons: Henry Lim, Von Schuckmann, Frey, “, ” Organizations: Henry Ford Health, American Academy of Dermatology, UVA, Food and Drug Administration Locations: United States, Europe

☆ In older adults, a little excess weigh may be OK
▼ + stars: | 2023-07-14 | by ( Judith Graham | Kff Health News | ) edition.cnn.com time to read: +9 min

For years, experts have debated what to advise older adults in this situation. Only 27% to 44% of older adults meet these guidelines, according to various surveys. Epidemiologic research suggests that the ideal body mass index (BMI) might be higher for older adults than younger adults. The study’s conclusion: “The WHO healthy weight range may not be suitable for older adults.” Instead, being overweight may be beneficial for older adults, while being notably thin can be problematic, contributing to the potential for frailty. Indeed, an optimal BMI for older adults may be in the range of 24 to 29, Carl Lavie, a well-known obesity researcher, suggested in a separate study reviewing the evidence surrounding obesity in older adults.

Persons: they’ve, ”, Mitchell Lazar, we’re, John Batsis, Anne Newman, —, Carl Lavie, Lavie, “, ” Lavie, Newman, you’re, Dinesh Edem, Dennis Kerrigan, Katie Dodd Organizations: CNN, US Centers for Disease Control, Institute for Diabetes, University, Pennsylvania’s Perelman, of Medicine, University of North Carolina School of Medicine, Center for Aging, Health, University of Pittsburgh School of Public Health, BMI, World Health Organization, WHO, University of Pittsburgh, University of North, University of Arkansas, Medical Sciences, Henry Ford Health, Kaiser Health, KFF Locations: —, Chapel Hill, New Orleans, University of North Carolina, Michigan

☆ Michelin starred hotels around the world, from Italy to Vietnam
▼ + stars: | 2023-07-10 | by ( Chris Dwyer | ) edition.cnn.com time to read: +24 min

Courtesy CoteArgentinian maestro Mauro Colagreco was the first ever non-French chef to earn three Michelin stars in France, at Mirazur on the famed French Riviera. Gastronomic restaurant Plénitude by chef Arnaud Donckele marked an extraordinary debut by being awarded the pinnacle of three Michelin stars just six months after opening. Since 2021, they have held three Michelin stars for their cuisine, which celebrates peerless produce from their sustainable farm just seven miles away. Lung King Heen, Four Seasons Hong KongLung King Heen was the first Chinese restaurant to hold three Michelin stars. Capella Hotels & ResortsFinally to Vietnam, where Michelin published its first ever guide in June 2023.

Persons: Winston Churchill, Albert Einstein, it’s, Heiko Nieder, carne ”, Ben Benoliel, Alex Nietosvuori, Ally Thompson, Hjem, morel, Cigliutti Enrico Crippa, Piazza, Crippa, Ferran Adrià, Mauro Colagreco, Côte, Raymond Blanc, Paul Wilkinson Chef Raymond Blanc, Lady Gaga, Queen Elizabeth II, ”, ” Blanc, Luke Selby, Plénitude, Cheval Blanc, France Plénitude, Sylvie Becquet, Blanc Paris, chef Arnaud Donckele, Chopin, Maxime Frédéric –, Aled Williams, Gareth Ward, Il Ristorante Niko Romito, Ristorante Niko Romito, Niko Romito, Romito, Giacomo Amicucci, Kyle, Katina, Michel Bras, Le Saint, Martin, Château Saint, France Le Saint, Chef Jean, Luc Lefrançois, Saint, –, sommelier Vincent Arhuro, King Heen, Hong Kong Lung King Heen, Heen, who’s, Chan Yan Tak, Rome Cavalieri, Pergola, Heinz Beck, Hatta, Ushikubo, Raby Hunt, Raby Hunt's Michelin, James Close, Maria, Chef Maria, Lorenz Adlon Esszimmer, Germany Lorenz Adlon Esszimmer, Lorenz, Young, Reto, Thomas Edison, Henry Ford, John D, Waku, Ghin, Tetsuya Wakuda, There’s, Tetsuya, they’re, kinome, It’s, Denmark There's, Jean Marchal, Maria Coppy, Jakob de Neergaard, iberico, Sven Wassmer, “, Lumnezia, Douglas, Koki, Hiroshi Yamaguchi, Bill Bensley, Chris Dwyer Organizations: CNN, Michelin, Duomo, Capella, Rosewood, of, Notre Dame, Resorts, Dubai Michelin, Resort Dubai, Reale, peerless, ”, Le Saint, Hong, Hong Kong Lung, Seasons Hong, Rockefeller, Sands, Royal Suite, Royal, Swiss, Koki, Capella Hotels, Capella Hanoi Locations: Bangkok, Piedmont, Hanoi, Tokyo, Zurich, Switzerland, Northumberland, Hadrian's, Swedish, England, Wall, Piazza Duomo, Alba, Italy, Japan, Spanish, Capella Bangkok, Thailand, France, Mirazur, Thai, Rosewood Hong Kong, Hong Kong, Chaat, Oxfordshire, ”, Cheval Blanc Paris, of Light, City of, Powys, Wales, Bulgari, Dubai, UAE, Italy’s Abruzzo, SingleThread, California, Healdsburg, Sonoma, Toya, Le, Provence, French, Vence, Marseille, Seasons Hong Kong, Yunnan, Peking, La, Rome, Eternal, County Durham, Darlington, romaine, Berlin, Germany, Brandenburg, Young Swiss, Europe, Marina, Sands, Singapore, Australia, Shizuoka, Hokkaido, d’Angleterre, Copenhagen, Denmark, Marchal, Hibana, Capella Hanoi, Vietnam

☆ Ford CEO says he didn't really hesitate on the Tesla deal: 'It's good for customers'
▼ + stars: | 2023-06-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer sat down with Ford CEO Jim Farley on Tuesday to discuss the company's earnings, future, electric vehicles, deal with Tesla and more at Ford's headquarters in Dearborn, Michigan. "I have no problem being opportunistic when it comes to advantaging my customers," Farley said. During negotiations, Farley said Tesla CEO Elon Musk was respectful, but "more because of Henry Ford than Jim Farley." The company split off its EV undertaking from the rest of its vehicles, and Ford now has three main sectors: Ford Blue for its conventional vehicles, Ford Model e for its EVs, and Ford Pro for its commercial vehicles. "We believe in American-made BlueOval city in Tennessee or Kentucky-built pick-up truck, EV pick-up truck, people will pay for that American technology."

Persons: CNBC's Jim Cramer, Jim Farley, Tesla, Farley, didn't, Elon Musk, Henry Ford, Ford Organizations: Ford, Ford Pro, United Auto Workers Locations: Dearborn , Michigan, Canada, America, Silicon, North America, Tennessee, Kentucky

☆ US can't yet compete with China on EVs, Ford chairman tells CNN
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 18 (Reuters) - Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. And now they're exporting them," Ford told CNN's 'Fareed Zakaria GPS' Sunday program. "They're not here but they'll come here we think, at some point, we need to be ready, and we're getting ready," Ford said. Bill Ford, who is the great-grandson of company founder Henry Ford, said in the program that the Michigan battery plant is a chance for Ford engineers to learn the technology and then use it themselves. Ford CEO Jim Farley said in May that Chinese electric vehicle makers are its main rivals in the sector, and that Ford needs distinctive branding or lower costs to beat Chinese automakers.

Persons: Bill Ford, Ford, CNN's, Fareed Zakaria, we're, Marco Rubio, Biden, Henry Ford, Jim Farley, Rishabh Jaiswal, Bharat Govind Gautam, Diane Craft Organizations: Ford, Toyota, Thomson Locations: United States, China, Michigan, Bengaluru

The plan comes a day before an annual shareholders meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinised. Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging. At the high end of the market, Toyota said it would produce an EV with a more efficient lithium-ion battery offering a range of 1,000 km (621 miles). An EV powered by a solid-state battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota said. "What we want to achieve is to change the future with BEVs," Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker's YouTube channel on Tuesday.

Persons: Akio Toyoda, Koji Sato, Takero Kato, BEV Factory, Henry Ford, Koji Endo, Toyota's, I'm, it's, Toyota's BEV Factory, Kato, Tesla, Daniel Leussink, Christopher Cushing, Kevin Krolicki Organizations: Toyota, EVs, Tesla, Engineers, Toyota EV, YouTube, NEW ASSEMBLY, SBI Securities, Lexus, Thomson Locations: TOKYO, China

☆ ‘American Journey’ Review: Inventing the Road Trip
▼ + stars: | 2023-06-02 | by ( Christoph Irmscher | ) www.wsj.com time to read: 1 min

The Burroughs-Edison-Ford party is ferried across the Jackson River in Virginia in 1918. Photo: Benson Ford Research Center‘The trouble with driving,” observed nature writer John Burroughs, “is you have to keep your eyes glued to the road all the while.” He had been skeptical of those new machines, their propensity to fill “the land with noise and hurry.” But things changed when in January 1913 he received a free, brand-new Model T from none other than Henry Ford himself. Yanked out of the 19th century right into Ford’s modern mobile utopia, Burroughs was soon zooming around as if he’d been doing nothing else his whole life.

Persons: Benson, John Burroughs, “, Henry Ford, Yanked, Burroughs, he’d Organizations: Burroughs, Edison, Benson Ford Research Center Locations: Jackson, Virginia

☆ Some of the Books That Hernan Diaz Owns Surprise Even Him
▼ + stars: | 2023-05-18 | by ( ) www.nytimes.com time to read: +3 min

Scott, Deborah Eisenberg, Paul Yoon, Ottessa Moshfegh, Michael Ondaatje, Louise Erdrich, Colson Whitehead, Sigrid Nunez, Jean Strouse, Lorrie Moore. The novel contains four different books, written by different fictional authors in disparate genres and styles. “Trust” closes with a personal diary that is also a sort of a prose poem and a love letter to modernism. While writing this, I read and revisited authors as different as Jean Rhys, Ludwig Wittgenstein, Virginia Woolf, Sylvia Townsend Warner, Dawn Powell, Theodor Adorno and Gertrude Stein. Wodehouse section of my library and can report that I’ve read 29 of his books.

INVESTMENT HELPSThe company based in Hove on Britain's south coast was one of 61 firms - most with 25 or fewer employees - to take part in the world's biggest four-day week trial last year. The experience of some companies in the first trial suggests that moving to a four-day week might help, if it prompts firms to spend more on equipment and training. It piloted a four-day week for its 80 New Zealand staff over 18 months, and has since extended it to 500 workers in Australia, a move it hopes will attract new talent. British recruitment agency Reed.co.uk said it had seen a rise in the number of job advertisements offering a four-day week since the start of the year. Allcap, a supplier of industrial components with 36 employees in western England, tried a four-day week after its staff had worked flat out during the pandemic to supply protective equipment and ventilator parts.

☆ Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
▼ + stars: | 2023-05-12 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +12 min

Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.

☆ Tesla's price cuts and hikes explained: Why it seems like Elon Musk can't make up his mind on pricing
▼ + stars: | 2023-05-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The latest price hikes could mean Tesla is done lathering on the discounts for now. Elon Musk is changing his mind about Tesla pricing – again. Recent hikes are a sign to investors that Musk is likely done price-slashing for now. Even with this hike, base Model Y prices are down 24% since January and base Model 3 prices are down 14% over the same period. "When you lease, you can really bypass a lot of the problems that come with pricing," Drury said.

☆ Ford CEO says price cuts in EV market 'a worrying trend'
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 3 (Reuters) - Ford CEO Jim Farley said Wednesday price cuts in the electric vehicle market "is a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla (TSLA.O). Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year. Farley compared the price war in the EV market to Henry Ford's series of price cuts for the Model T starting in 1913. Ford will follow Tesla price cuts for models such as the Mustang Mach-E that competes head-on with Tesla's Model Y, he said. Ford will train workers for that facility, and will invest in retraining current workers, Farley said.

WASHINGTON, May 3 (Reuters) - Ford CEO Jim Farley said on Wednesday that price cuts in the electric vehicle market were "a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla (TSLA.O). Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year. Farley compared the price war in the EV market to Henry Ford's series of price cuts for the Model T starting in 1913. Ford will follow Tesla price cuts for models such as the Mustang Mach-E that competes head-on with Tesla's Model Y, he said. Ford chose to build a new electric vehicle manufacturing hub near Memphis, Tennessee, in part because the region has cleaner electricity from hydro and nuclear facilities, Farley said.

☆ Ford CEO: Elon Musk is taking a page from Henry Ford's playbook with his EV price war
▼ + stars: | 2023-04-27 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

"This has all happened before," Ford CEO Jim Farley said. Musk's price cutting strategy is similar to what Henry Ford did in 1913. Ford Chief Executive Jim Farley says Elon Musk's price war strategy for electric vehicles isn't anything new. Farley told reporters last week that Musk's idea to slash prices and protect volume over profit margins is a play right out of Henry Ford's Model T playbook. The price cutting strategy has had an adverse effect on Tesla's profit margins, spooking some investors, but Musk has insisted he knows what he's doing.

☆ Jim Cramer: This is what I learned from the real first week of earnings season
▼ + stars: | 2023-04-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

"Simply stated we're in a freight recession." That line, uttered last Monday by Shelley Simpson, president of J.B. Hunt (JBHT), the fourth-largest trucking company in the United States, was the most memorable of the real first week of earnings season. If so, it would know that we're dealing with much more than a freight recession. It's not enough to offset the immense deflationary pressure emanating from the regional banks and the freight recession described by J.B. Hunt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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☆ Opinion | It’s Not the End of Work. It’s the End of Boring Work.
▼ + stars: | 2023-04-22 | by ( Louis Hyman | ) www.nytimes.com time to read: +2 min

Despite all the dazzling digital advances, the trillions of dollars spent on computer technology have done almost nothing to make the world a more productive place. The economist Robert Solow, who identified this problem, called it the productivity paradox. In 1987, a decade into the computer revolution, he observed that productivity growth had actually slowed down. The digital era has made a lot of everyday work more complicated and less efficient than it was 30 years ago. A steam engine, for example, would have been no use to textile manufacturing if textile workers had remained a scattered network of independent farmers, as opposed to a group of employees gathered under a single factory roof.

☆ Musk's price cuts show challenge for Tesla's product strategy -Ford CEO
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

Farley said Tesla's price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market, where Tesla's best-selling Model Y faces a range of newer rivals in China and other markets. But Tesla's ability to adjust prices quickly, and its "reductive" focus on squeezing costs out is a competitive advantage, and other automakers would have to follow its lead in cutting prices, Farley said. Tesla is readying a new version of the Model Y, code-named Juniper, but has not disclosed details. Since January, Tesla has cut the price of the long-range version of the Model Y by $13,000 in the U.S. market. Although Tesla pushes frequent software updates to customers, the Model Y has not had a major, visible redesign since its first deliveries in 2020.

LONDON, March 3 (Reuters) - The race for electric vehicle (EV) battery metals is heating up. Carmakers have already been busy tying up supplies of battery metals under direct off-take agreements with existing metals producers. Automakers' collective move into the mining sector has so far largely prioritised the lithium sector, where Western companies have been playing catch-up with Chinese investors. Lithium supply is struggling to scale up at the speed required to meet accelerating demand from battery-makers. Capital expenditure in the sector slumped, miners opting to return cash to shareholders rather than dig more big copper mines.

☆ Top auto analyst Jonas stays bullish Tesla, says investor day showed competition can't keep up
▼ + stars: | 2023-03-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Morgan Stanley's Adam Jonas remains bullish on Tesla even as shares drop following the electric vehicle maker's latest investor day. Tesla shares dropped more than 5% in Thursday premarket trading after the electric car maker's investor day, which was long on vision but short on specifics on any new Tesla products. Regardless, Jonas reiterated an overweight rating on Tesla, saying the Elon Musk-led company will fend off competitors as a pricing war heats up in the electric vehicle sector. He said the vertical integration in Tesla's Austin facility allows Tesla to "iterate far faster and with less waste" than its peers. Tesla shares surged 64% in 2023, after falling 65% last year.

☆ Hyperloops, supersonic jets and electric aircraft: Here’s what transport could look like by 2050
▼ + stars: | 2023-02-27 | by ( Michelle Cohan | ) edition.cnn.com time to read: +7 min

CNN recently spoke with Malek about what travel will look like by 2050. CNN: Do you think supersonic air travel will return to the skies? Malek: So we’ve seen supersonic planes in the past and I do think we’ll see supersonic planes in the future. So now it’s no longer just a question of will we see supersonic planes, but will they be fueled by net zero carbon fuels? Historically, we’ve started with ‘what do cars need, what do planes need?’ But planes and cars are here just for us.

Persons: Michigan CNN —, Henry Ford, Alisyn Malek, Malek, we’ll, We’re, Volocopter, Hyperloop, it’s, What’s, we’ve Organizations: Michigan CNN, ”, CNN Locations: Detroit, Michigan, City, Detroit , Michigan, Paris, France

☆ Explainer: What's known about Tesla's "Project Highland"?
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +3 min

The automaker has not commented on the new version, codenamed Highland. With the new model, Tesla is aiming to cut production costs and boost the appeal of the five-year-old electric sedan, Reuters reported in November. Building permits filed with the city of Fremont concerning changes to its factory have referenced "Highland" since last June. Apart from the Cybertruck, it is the only new model that Tesla is retooling assembly lines for this year. Tesla fans and armchair analysts speculate that "Highland" could be a reference to Ford Motor Co's (F.N) Highland Park plant, where Henry Ford launched his moving assembly line.

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