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☆ Auto Industry Expects Minimal Disruption From Port Shutdown
▼ + stars: | 2024-03-28 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: 1 min

Concerns about the impact of the Baltimore bridge collapse on auto imports and exports are beginning to ease as car companies turn to other ports along the East Coast. On Thursday, Cox Automotive, a market researcher, said it expected the situation in Baltimore to have no material impact on vehicle sales in the United States. “While Baltimore is the top port for auto shipments, this is not likely to cause or create a sudden new problem in vehicle supply that will materially impact the market,” Jonathan Smoke, Cox’s chief economist, said in a conference call. “The port is heavy for exports and imports, but there are alternatives.”Mercedes-Benz said it has already found other ways of handling the vehicles it usually imports from Germany through Baltimore.

Persons: Jonathan Smoke, ” Mercedes, Benz Organizations: Cox Automotive Locations: Baltimore, East Coast, United States, Germany

☆ 'Too early to judge': Global carmakers contend with closure at busiest U.S. autos port
▼ + stars: | 2024-03-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.

Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia

☆ Opinion: The male drivers who just can’t let go of their stick shift
▼ + stars: | 2024-03-27 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +7 min

Berlin CNN —For old-school connoisseurs of the automobile — usually men — driving means operating a beloved vehicle by touch, with three pedals underfoot and a shift stick at hand. Paul Hockenos Hayyan Al-YousoufIn Europe, this clientele is responsible for a good deal of the moaning about manual transmission’s demise. Well, Zen or not, the day of manual transmissions is speeding to an end — and this layman is shedding no tears. For one, the oft-repeated benefits of a stick shift over an automatic have been redundant now for years. The explanation: automatics select the right gear for the vehicle, usually the highest gear possible.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, Mercedes Benz, upshift, ’ ”, Sigmund Freud, it’s, Robert M, It’s, —, “, Cristine Organizations: CNN, Berlin CNN, Porsche, BMW, Volkswagen, Swiss, Neue Zürcher, Art, Environmental Protection Agency, International Energy Agency, Toyota Locations: Berlin, Europe, New Berlin, Yousouf, Germany, New York, San Francisco, Oslo, Norway

☆ Automakers Are Rerouting Car Shipments Away From Baltimore
▼ + stars: | 2024-03-26 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

Several large automakers said on Tuesday that they were working to reroute shipments of cars because of the collapse of the Francis Scott Key Bridge in Baltimore. The Port of Baltimore plays an important role in the shipment of vehicles and handled more than 750,000 cars and trucks in 2023, according to the Maryland Port Administration. Pete Buttigieg, the U.S. transportation secretary, said that the rerouting would affect the national supply chain. “It will not be quick, and it will not be inexpensive.”Among the automakers that use the port are General Motors, Ford Motor, Stellantis, Volkswagen, Mercedes-Benz and BMW. Some automakers said they were planning to divert imports and exports of vehicles to other East Coast ports while they assessed how the collapse would affect their logistics.

Persons: Francis Scott Key, Wes Moore, Pete Buttigieg Organizations: Maryland Port Administration, Gov, General Motors, Ford Motor, Volkswagen, Mercedes, Benz, BMW Locations: Baltimore, The Port, United States, Maryland, U.S, East Coast

☆ Mercedes-Benz USA CEO: Too early to see the effects of the Baltimore bridge collapse on business
▼ + stars: | 2024-03-26 | 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 USA CEO: Too early to see the effects of the Baltimore bridge collapse on businessMercedes-Benz USA CEO Dimitris Psillakis, joins 'Money Movers' to discuss how the bridge collapse in Baltimore will affect Mercedes' business, where the growth the company's growth is coming from, and what could be hurting their ability to attract buyers.

Persons: Dimitris Psillakis, Mercedes Organizations: Mercedes, Benz Locations: Baltimore

☆ Ohio GOP Senate nominee Bernie Moreno benefited from the kind of diversity initiative that Republicans hate
▼ + stars: | 2024-03-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewBernie Moreno, the GOP nominee for US Senate in Ohio, has long staked his political identity on the car dealership empire he once oversaw. Related storiesBut Moreno benefited from Mercedes-Benz's push for diversity in more ways than one. "They wanted a minority operator there," Moreno said during the 2014 hearing, according to a transcript obtained by Business Insider. Despite Moreno acknowledging that he benefited from Mercedes-Benz considering diversity when deciding who could buy the dealership, he maintains that he is opposed to affirmative action programs. Moreno is set to face incumbent Democratic Sen. Sherrod Brown of Ohio in a race that could determine which party controls the Senate.

Persons: —, Bernie Moreno, Moreno, Roger Penske, Mercedes, Reagan McCarthy, Bernie, McCarthy, Democratic Sen, Sherrod Brown of, Brown, Donald Trump Organizations: Service, GOP, US, Business, Republicans, Penske Corporation, Benz, Penske, YWCA Greater, Mercedes, Penske Automotive Group, Democratic Locations: Ohio, Colombia, United States, Boston, North Olmsted , Ohio, Arizona —, YWCA Greater Cleveland, Florida, Chandler , Arizona, Sherrod Brown of Ohio, Massachusetts

☆ Mercedes-Benz unveiled hybrid versions of its famous G-Wagen — see the new G550 and G63
▼ + stars: | 2024-03-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Both new models have 48-volt hybrid systems. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The G550 swaps its previous V8 rumbler for a new turbo six-cylinder, with a 48-volt mild hybrid system, which reduces emissions when accelerating from a full stop. The G63, on the other had, retains the V8 and adds the same 48-volt hybrid system. Both models feature better technology inside and out, including an adaptive cruise control system known as AMG Active Ride Control for the G63 — a first for the G-class.

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

☆ Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costs
▼ + stars: | 2024-03-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A Nissan Ariya electric car is on display during 2020 Beijing International Automotive Exhibition (Auto China 2020) at China International Exhibition Center on September 27, 2020 in Beijing, China. Nissan is targeting an additional 1 million vehicle sales over the next three years and a 30% reduction in electric vehicle production costs by 2030, the Japanese carmaker announced Monday. In a new medium-term business plan, Nissan also said it would launch 30 new models by fiscal year 2026, with 16 of these electrified. "Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability." The country boasts the world's largest and most crowded EV market and its automakers are exerting significant downward pressure on prices.

Persons: Makoto Uchida, Elon Musk Organizations: Nissan, Automotive, China International Exhibition Center, Ford Motor, General Motors, Mercedes, Benz, Volkswagen Locations: China, Beijing

☆ Priscilla Presley recalls finding out about Elvis cheating through letters women sent the star: 'It just ate me up'
▼ + stars: | 2024-03-25 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewPriscilla Presley said she learned about her ex-husband Elvis Presley's many affairs through letters women sent to the rock 'n' roll legend. Advertisement"I said, 'Joe, I need to talk to Elvis, please.' I just really need to talk to him,'" she said before telling Esposito about the letter. Priscilla and Elvis Presley married in 1967 after she turned 21, but the pair separated in 1972 after they both had affairs. The 2023 movie, which is based on Priscilla Presley's memoir "Elvis and Me," depicted Elvis Presley as an abusive, controlling lover.

Persons: —, Priscilla Presley, Elvis Presley's, Joe Esposito, Joe, Elvis, Esposito, Priscilla, Elvis Presley, Mercedes Benz, Eldorado, Davidson, Sofia Coppola, Priscilla Presley's Organizations: Service, Business, Venice Film, Harley, Office Mojo Locations: Mashantucket , Connecticut, Vegas, Venice, California

☆ Tammy Murphy Drops Out of Race for Menendez’s Senate Seat
▼ + stars: | 2024-03-24 | by ( Tracey Tully | More About Tracey Tully | ) www.nytimes.com time to read: +1 min

An aide said that Ms. Murphy, the wife of Gov. Philip D. Murphy, had held a meeting with county Democratic Party leaders at 2 p.m. on Sunday before making a final decision and notifying her campaign staff members. Ms. Murphy, 58, entered the race in November and was instantly endorsed by a coalition of influential party leaders, including many whose livelihoods were dependent on the governor, who has nearly two years left in his term. Since then, Mr. Kim has successfully yoked Ms. Murphy’s campaign to what he called the same style of “broken politics” that nurtured and protected Mr. Menendez for decades. The first independent poll of the race showed Ms. Murphy trailing Mr. Kim by 12 percentage points.

Persons: Murphy, Philip D, Kim, Menendez Organizations: Democratic Party, Benz

☆ Tammy Murphy drops out of NJ Senate Democratic primary to replace indicted Sen. Bob Menendez
▼ + stars: | 2024-03-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tammy Murphy, the wife of New Jersey Democratic Gov. Phil Murphy, announced Sunday that she would withdraw from the state's Democratic Senate primary contest. The winner of that June 4 election will become the favorite to replace indicted Democratic Sen. Bob Menendez. Murphy's exit widens the path for Democratic Rep. Andy Kim to lock down his frontrunner status ahead of the primary. The Murphy campaign declined to provide further comment.

Persons: New Jersey Tammy Snyder Murphy, Philip D, Murphy, Tammy Murphy, Phil Murphy, Democratic Sen, Bob Menendez, Andy Kim, Menendez, Donald Trump, Kim, Larry Hamm, Patricia Campos, Medina, Steven Fulop, It's, Fulop Organizations: New Jersey Democratic Gov, Democratic Senate, Democratic, Democratic Rep, Democrat, Independent, Prosecutors, Benz, Republican, Jersey City Locations: New Jersey, of New Jersey, Trenton , New Jersey, United States, Monmouth County, NJ

☆ After traveling in a van for 2 weeks, I saw how the lifestyle could be cheaper than my Denver life
▼ + stars: | 2024-03-23 | by ( Monica Humphries | ) www.businessinsider.com time to read: +7 min

I wanted to explore the US, but I also wanted to see if van life was something I could do full-time. I quickly realized that these small costs — eating out, gas station snacks, souvenirs — are where van life can get expensive. AdvertisementSo finding a lifestyle like van life, which includes adventure and potential savings, sounds too good to be true. Monica Humphries/Business InsiderI experienced ways that living in a van could be cheaper than my lifestyle todayThere are hidden costs that come with van life. I'm not saying van life is necessarily cheaper than city living, but I am convinced it can be if I work at it.

Persons: —, ProMaster, I've, Apartments.com, Axios, It's, Brittany Newson, Monica Humphries, it'd, Zach Nelson, Joe's, Joshua, Ram, van, I'd, I'm Organizations: Service, Denver, Mercedes, Benz, Costco, Walmart Locations: Denver , Colorado, Denver, Southwest America, Plenty, San Fransico, Joshua Tree

The union has come close to representing workers at the VW plant in two previous elections. Some prominent Tennessee Republican politicians had urged workers to vote against the union during both campaigns. The year after the 2014 vote failed, 160 Chattanooga maintenance workers won a vote to form a smaller union, but Volkswagen refused to bargain. In November, VW gave workers an 11% pay raise at the plant, but the union says VW's pay still lags behind Detroit automakers. Top assembly plant workers in Chattanooga make $32.40 per hour, VW said.

Persons: —, we'll, Yolanda Peoples Organizations: DETROIT, United Auto Workers, Workers, National Labor Relations Board, UAW, Detroit automakers, Tesla, Nissan, Mercedes, Benz, Hyundai, Kia, Toyota, Honda, VW, NLRB, Volkswagen, Tennessee Republican, General Motors, Ford, Detroit Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, Mercedes, Vance , Alabama, Tuscaloosa, Alabama

☆ This is the easiest way for newbies to start investing, financial experts say
▼ + stars: | 2024-03-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

For many people, investing is a necessity to grow one's savings and provide financial security in retirement. A 'fabulous, simple solution' for beginnersTarget-date funds, known as TDFs, are the simplest entry point to investing for the long term, according to financial pros. TDFs are based on age: Investors choose a fund based on the year in which they aim to retire. Other 'solid choices' for novice investorsInvestors who want to be a bit more hands-on relative to TDF investors have other simple options, experts said. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

Persons: Warren Buffett, Berkshire Hathaway, Christine Benz, Lee Baker, Baker, Carolyn McClanahan, Benz, Charles Schwab, Rowe Price, it's, McClanahan Organizations: Getty, Berkshire, Fidelity Investments, Morningstar, Apex Financial Services, Investors, Benz, Planning Partners, Fidelity, Vanguard Group, BlackRock, Finance, Young Locations: Atlanta, Jacksonville , Florida, U.S

☆ UAW says VW workers at Tennessee plant file for union election
▼ + stars: | 2024-03-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced Monday. In 2019, VW workers at the Chattanooga, Tennessee, plant rejected union representation in an 833-776 vote. The Chattanooga plant is Volkswagen's only U.S. assembly plant and employs over 4,000 autoworkers who would be eligible to vote for union representation. "We will fully support an NLRB vote so every team member has a chance to vote in privacy in this important decision. By the end of the UAW contracts, top wages are expected to surpass $42 an hour for production workers.

Organizations: DETROIT, Volkswagen, National Labor Relations Board, United Auto Workers, U.S, UAW, Nissan, VW, NLRB, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Subaru, Toyota, Volvo Locations: Tennessee, U.S, Chattanooga , Tennessee, Chattanooga

☆ I tutored the children of Russia's elite amid the backdrop of war. One teenager said he had his own massage therapist.
▼ + stars: | 2024-03-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The agency counted some of Russia's elite among its clientele — so I was quickly thrust into a world of private jets, guarded estates, and personal chauffeurs. I worked in Moscow until Russia's full-scale invasion of Ukraine in February 2022, when I was relocated to Monaco. I have a massage every day, I have my own massage therapist," he told us. AdvertisementBut the children often brought the topic up themselves, their comments ringing with the ideology they had likely absorbed at home.

Persons: —, Cameron Manley, Barts, Vladimir Putin, Ivan, Alexei, Elena, It's, Philippe Jacquemart, Jorg Greuel, Putin, Sasha Mordovets, getty, wryly, Elizaveta Organizations: Service, Business, Monaco penthouses, Monaco, Mandoga, Getty, Mercedes, Benz, United Arab, Russia's, Sirius Locations: Moscow, Ukraine, Monaco, St, Caribbean, Rublevka, Saint, Nice, France, Russia, United Arab Emirates, Dubai, Russian, Sochi, Kyiv

☆ Citadel's relocation to Miami was a success. But can Ken Griffin get the rest of Wall Street to do it?
▼ + stars: | 2024-03-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.

Persons: —, we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone

☆ CNBC Daily Open: U.S. consumer spending data looms
▼ + stars: | 2024-03-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia stocks mixedAsia markets were mixed Thursday as investors assessed Japan's spring wage negotiations. "If you have a position that does not cost you ever to lose an employee, it's not a position," Karp said in an interview on CNBC. [PRO] China stocks worth the riskChinese stocks are a "risk worth taking," said Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors.

Persons: Topix, Israel, Alex Karp, it's, Karp, Jason Hsu Organizations: CNBC, Nikkei, Bank of Japan, Nasdaq, Dow, Ford Motor, General Motors, Mercedes, Benz, House, U.S . House, Rayliant Global Advisors Locations: Asia, Israel, China

☆ CNBC Daily Open: U.S. retail sales in sharp focus
▼ + stars: | 2024-03-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks end mixedWall Street ended mixed Wednesday, dragged down by tech stocks as investors await key updates on retail sales and producer prices. "If you have a position that does not cost you ever to lose an employee, it's not a position," Karp said in an interview on CNBC. [PRO] China stocks worth the riskChinese stocks are a "risk worth taking," said Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors.

Persons: Israel, Alex Karp, it's, Karp, Jason Hsu Organizations: CNBC, Nasdaq, Dow, House, U.S . House, Ford Motor, General Motors, Mercedes, Benz, Rayliant Global Advisors Locations: Israel, China

☆ EV maker Fisker’s stock dives after company reportedly explores bankruptcy
▼ + stars: | 2024-03-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Electric vehicle company Fisker’s stock plunged more than 40% in after-hours trading on Wednesday as investor concern about the company’s ability to stay in business intensified. The Ocean is built in Austria by Magna, a company that has also built vehicles for Mercedes-Benz, BMW and Jaguar. Brownlee’s video has racked up more than 4.5 million views so far and sent the stock plunging after its release. Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.

Persons: Fisker, Marques Brownlee, madeh, ”, Henrik Fisker’s, Hurricane Sandy Organizations: CNN —, Wall Street, Magna, Mercedes, Benz, BMW, YouTube, Fisker Automotive, Hurricane Locations: Austria, American

☆ Volkswagen says tough market to weigh on car sales growth in 2024
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +2 min

A Volkswagen logo is seen during the New York International Auto Show, in New York City, April 5, 2023. Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition. Presenting the German automaker's 2023 results, finance chief Arno Antlitz said the "general economic situation remains challenging," but added "we are confident about 2024, despite the muted economic outlook and intense competition". When Stellantis reported results last month, it predicted a "turbulent" 2024. Volkswagen shares were down 0.65% to 120.16 euros at 1000 GMT, within a flat German market.

Persons: Arno Antlitz, Stellantis, Mercedes, Benz, Oliver Blume Organizations: New York, Volkswagen, EV, EVs, Ford, General Motors, VW Locations: New York City, Western Europe

☆ How Georgia became America's green-manufacturing capital
▼ + stars: | 2024-03-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +14 min

Howey, now 30, grew up in northwestern Georgia near Dalton, a small city known as the "carpet capital of the world." SolarCycle, which reclaims old solar panels to make new ones, in February announced plans for a glass factory. The law authorized big tax credits for companies making renewable-energy technologies, including solar panels, batteries, and electric vehicles, in the US. According to S&P Global, the US imported more than two-thirds of its solar panels from Southeast Asia last year. When he sees solar panels atop the chargers, he feels pride in his job.

Persons: Robert Howey, Howey, he'd, Qcells, Catherine Boudreau, Joe Biden, Biden, Bob Keefe, Keefe, Gedia, Pat Wilson, Wilson, Brian Kemp, Benz, Dalton, Kemp, Heidi Popham, Popham, Donald Trump, Scott Moskowitz, Sen, Jon Ossoff of, Moskowitz, it's, Carl Campbell, Campbell, —, Whitfield, Jevin Jensen, Jensen, He's Organizations: US Navy, Business, Qcells, South, Hanwha, SK, Hyundai, Georgia Department of Economic, Gov, Porsche, Mercedes, SK On's, Financial Times, Georgia Northwestern Technical College, Treasury Department, P Global, Microsoft, Development Authority, Shaw Industries, Mohawk Industries, EV Locations: Georgia, Dalton, Japan, Cartersville, South Korea, Malaysia, North Carolina, China, Georgia , North Carolina, South Carolina, Savannah, Atlanta, Cartersville , Georgia, Germany, Commerce , Georgia, Southeast Asia, Korea, Jon Ossoff of Georgia, Washington, BloombergNEF, Vietnam, Whitfield County, ., Whitfield, Calhoun

☆ EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
▼ + stars: | 2024-03-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.

Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan

☆ A safety group graded 14 driver-assistance systems. Tesla's self-driving option was the worst.
▼ + stars: | 2024-03-12 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Automated driving systems are lacking in the safety department, according to a new report. Tesla's Full Self Driving system earned the worst marks, but most of the 14 systems tested poorly. Some say that autonomous and assisted driving systems are responsible for fatal crashes. AdvertisementYou may want to think twice before flipping on your autonomous driving system on the highway. The agency tested 14 systems, 11 of which received a "poor" overall safety rating.

Persons: —, David Harkey, Tesla, Ford Organizations: Service, Insurance Institute for Highway Safety, National, Traffic Safety Administration, CNN, Ford, Mercedes, Benz, Nissan, General Motors, Insurance, Google Locations: California, Los Angeles, San Francisco

☆ Bob Menendez’s Bribery Case Reminds Us Why Proving Corruption Is So Hard
▼ + stars: | 2024-03-12 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

In the last decade, it has proved surprisingly hard to put politicians accused of corruption behind bars. And juries have occasionally thought the officeholders’ behavior didn’t meet the high standard for corruption. Senator Bob Menendez of New Jersey, who was arraigned yesterday in a federal bribery case, is both an example of the conundrum and a test of whether federal prosecutors now know how to overcome it. In the senator’s last corruption trial, in 2017, jurors couldn’t make sense of the gifts and favors he’d received from a wealthy eye doctor. In exchange, prosecutors say, he attempted to disrupt criminal cases and used his position on the Senate Foreign Relations Committee inappropriately.

Persons: didn’t, Bob Menendez, he’d, Menendez Organizations: Bob Menendez of New, Democrat, Benz, Senate Foreign Relations Locations: Bob Menendez of, Bob Menendez of New Jersey, Egypt

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